The webbing market is expected to increase at a CAGR of 5.55 percent, from USD 3.3 billion in 2020 to USD 5.08 billion in 2028.
Increased use of web-building in the automotive industry to manufacture airbags, seat belts, and safety belt harnesses, strict government regulations on vehicle safety belts, and increased demand for sports products such as runners, slings, and harnesses are all expected to drive the webbing market forward. On the other hand, the introduction of new webbing technology is expected to provide more opportunities for future growth of the webbing market.
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