The global demand for Tie-Down Straps Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
Tie-down straps are strong and durable straps or rope-like structures made up of strong fabric used for hauling goods & holding cargo firmly while transportation. The tie-down strap is also referred as ratchet straps or lashing straps and is generally equipped with the tie down hardware that helps the straps to hold the cargo in place by attaching or over looping the freight or the peripheral area of the freight. These straps are available in a wide variety with different holding ability, fitting, length, and hook types. The straps have high load bearing strength that is used to hold canoes, surfboards, rooftop baskets, boats, cars, UTV & ATV, trucks, container boxes & goods, construction material, and in warehouses for various indoor applications.
The market is primarily driven by the growth of the logistics and transport industry. Availability of a wide range of tie down straps to cater to the various applications is fueling the product demand. The booming shipment industry owing to the rising trend of online shopping or e-commerce sector, growing global trade activities and benefit over chains is boosting the market growth. Also, growing manufacturing sector such as automotive, heavy machines; rising construction activities, and other heavy-duty materials from several industries is further escalating the adoption of the tie-down straps. Technological advancement in the strap materials will open a new window for generating more profit under the study period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of tie-down straps.
The entire tie-down straps market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Cam Straps
- Over-Center Lever Cam Style Straps
- Ratchet Straps
- Aircraft Transportation
- Land Transportation
- Individual and Other Applications
This section covers regional segmentation which accentuates on current and future demand for tie-down straps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Tie-Down Straps Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tie-down straps market include Keeper, Winston Products, Horizon Global Corporation, Nite lze, Snap-Loc, Everest, ShockStrap, Erickson Manufacturing Ltd., TAURUS, Ancra International, CERTEX USA, Cargo Tie-Down Specialty, Dolezych and Quickloader. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.