Ratchet Straps Market
Ratchet Straps Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Ratchet Straps Market Size and Growth
The global Ratchet Straps market is projected to reach a value of $1.5 billion by 2025, growing at a CAGR of 5.8%. Rising demand for secure cargo transportation in various industries is driving market growth. Key players include The Crosby Group, Vulcan, Inc., and AW Direct. Innovation and product development are key strategies for market expansion.
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Companies Covered
(Covid 19 Impact
Covered)
◍ Master Lock Company LLC
◍ Cargo Equipment Corporation
◍ Kingsway Corporation Group(Lifting Equipment Store)
◍ SmartStraps(Winston Products, LLC)
◍ Vestil Manufacturing Corp.
◍ Remington Industries(Stryder)
◍ APP Manufacturing
◍ Quickloader
◍ Lift-All
◍ Damar Webbing Solutions Ltd.
◍ Lodi Metals, Inc.
◍ Rhino-Rack Pty Ltd
◍ Hebei Shenli Rigging Group
◍ Qingdao LG Rigging Co.,Ltd.
◍ Eastlink Rigging Co.,Ltd
The competitive landscape of the Ratchet Straps market is highly fragmented with key players such as Master Lock Company LLC, Cargo Equipment Corporation, Kingsway Corporation Group, and SmartStraps dominating the market. These companies offer a wide range of ratchet straps for various industries to ensure cargo safety and securement.
- Master Lock Company LLC and Cargo Equipment Corporation reported sales revenue of $200 million and $150 million respectively in 2020.
- Vestil Manufacturing Corp. and Quickloader reported sales revenue of $100 million and $80 million respectively in 2020. Request Sample
Report
Market Segmentation
By Application By Product
◍ Flatbed Trailers
◍ Interior Van Trailers
◍ Moving Trucks
◍ Others
◍ Lightweight Ratchet Straps (below 3,000kg)
◍ Heavy Duty Ratchet Straps (above 3,000kg)
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$ X Billion USD
Market Growth
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