The global synthetic web sling market size was significantly robust in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth include increasing adoption of synthetic web slings in transport applications to support heavy loads, coupled with rising demand for different types of synthetic web slings for packaging purposes. These versatile synthetic web slings are inexpensive, easily replaceable, lightweight, and popular among various commercial industries and applications. Rapidly growing shipping industry and expansion of industrial rigging and lifting companies are resulting in rising demand for synthetic web slings, which in turn is expected to drive global market growth going ahead.
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Top Players in the Global Synthetic Web Sling Market:
ASC Industries, Beneca, HES NZ, Delta Rigging Tools, LIFT-IT Manufacturing, Miami Cordage, Industrial Rigging Supply, Safeway Sling, Stren-Flex, Sharrow Lifting Products, Unilift Equipment, Pro Sling Safety, and Samson Rope.
Demand for and adoption of synthetic web slings in various applications including transport, packaging, and shipping industries for lifting heavy equipment has been increasing significantly, driven by increasing globalization. Synthetic web slings include a variety of types such as eye and eye (EE) web slings, endless/infinite loop (EN) web slings, reverse eye (RE) web slings, triangle/choker fittings (TC) web slings, triangle/triangle fittings (TT) web slings, and wide lift (LT) web sling. Increasing demand for versatile synthetic web slings from the mining industry is another major factor driving revenue growth of the global synthetic web sling market.
Synthetic web slings are made of nylon and polyester materials. Material can be chosen according to application area because nylon web slings has good chemical resistance to alkalies, aldehydes, and ethers, and they do not get affected by oil and grease. On the other hand, polyester web slings are highly resistant to bleaching agents and strong acids. Rising demand for flexible, highly efficient, replaceable, strong, convenient, and inexpensive synthetic web slings is a key factor expected to continue to support growth of the global synthetic web sling market.
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Market segmentation based on Type Outlook:
- Eye and Eye (EE) Web Slings
- Endless / Infinite Loop (EN) Web Slings
- Reverse Eye (RE) Web Slings
- Triangle / Choker Fittings (TC) Web Slings
- Triangle / Triangle Fittings (TT) Web Slings
- Wide Lift (LT) Web Slings
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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