In the world economic growth, the Steel Strapping industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Steel Strapping market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Steel Strapping market size will be further expanded, we expect that by 2024, The market size of the Steel Strapping will reach XXX million $.
Overview
Steel strapping, also known as stainless steel strapping, is a high-quality industrial weight lifting strap made from different grade steel alloys. For now, let us compare steel strapping vs. plastic strapping as these are the two commonly used strapping materials in applications where strength is an issue. Steel strapping is great for situations where users need to use a stronger reinforcement, like in the case of being required to anchor heavy industrial parts to a support beam. The global steel strapping market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global steel strapping market is expected to witness significant growth during the forecast period, owing to increasing demand from the cosmetics, healthcare, and toiletries sectors.
Market Drivers
Increasing demand from the e-commerce industry is expected to drive growth of the global steel strapping market during the forecast period. The e-commerce industry has witnessed rapid growth in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian e-commerce sector is expected to reach US$ 99 billion by 2024, increasing from US$ 30 billion in 2017, registering a CAGR of 27%. Steel strapping is typically used to bundle together different items. Hence, these factors are expected to drive growth of the global steel strapping market during the forecast period. Furthermore, increasing demand for cosmetics, toiletries, and healthcare sectors is expected to propel the global steel strapping market growth over the forecast period.
Market Restraints
High cost associated with steel strapping is expected to hamper the global steel strapping market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global steel strapping market during the forecast period. This is owing to rapid growth of packaged and industrial logistics as well as warehouse operations in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to rapid growth of the e-commerce sector in emerging economies.
Competitive Section
Major companies involved in the global steel strapping market are Signode, Samuel Strapping, Kohan Kogyo Co., Ltd, Tianjin Hongmei, Baosteel, Anshan Falan, Titan Umreifungstechnik, Ensho Steel Strapping, Kohan Kogyo Co., Ltd, and Linder.
Recently, in April 2021, KWIKPAC launched new strapping tool TuffStrap Pneumatic Strapping Tensioner, designed to efficiently tension polyester strapping.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Signode
Samuel Strapping
Baosteel
Anshan Falan
M.J.Maillis Group
Yongxin
Specta
Bhushan Steel
Tianjin Hongmei
Wiscom
Kohan Kogyo Co., Ltd
Midfield Industries
Yodogawa Steel Works
Polychem
Walzen Strips (P) Ltd
Ensho Steel Strapping
Titan Umreifungstechnik
Linder
Cyklop
SHOKO KIKO CO., LTD
PAC Strapping Products, Inc.
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Blue-Tempered Steel Strapping
Paint-Coated Steel Strapping
Galvanized Steel Strapping
Industry Segmentation
Metal Industry
Paper Industry
Glass Industry
Building Industry
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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