What is Strap Sling?
Strap Slings, as the name itself, suggest it is a type of instrument that helps in providing support to different applications. It also acts as a throwing strap that is used for supporting an injured arm. These offer a great range of comfort as well as are very versatile in terms of designs. Its unique neoprene pad comfortably conforms and also contours the body distributing weight evenly over a larger area. Hence with the rising need for this sling in different applications is rising the market demand and the rising trend of using these sling straps in bags is making the market move in forecasted years.
The market study is broken down by Type (Wire Rope (Natural Fiber Rope and Synthetic Fiber Rope), Chain Sling, Metal Mesh Sling and synthetic Web Sling), by Application (Iron And Steel Industry, Chemical Industry, Transport Industry and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from Europe will contribute to the maximum growth of Global Strap Sling market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Swiss Rescue (Germany), Henssgen International B.V ( The Netherland), NANJING DAHUA SPECIAL BELT KNIT (China), SIBILLE FAMECA Electric (France), Mine Safety Appliances Company (United States), SOMAIN SECURITE (France), PETZL SECURITE (United States), Capital SALA (United States) and SANDOW TECHNIC (France) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Strap Sling market by Type, Application and Region.
On the basis of geography, the market of Strap Sling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Polyamide Strap Sling will boost the Strap Sling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020: Petzl has developed an innovative new partnership program in the US and Canadian markets. The Petzl Technical Partner (PTP) Program formalizes close-working relationships with experts in vertical environments that demonstrate a thorough understanding of their industry, contribute to the development of industry best practices and integrate Petzl products and solutions into their teaching curriculum.
In April, 2021: For rescue teams all over the world, having the most efficient equipment possible for whatever situation they may face, is an absolute priority. Released in 2020, the Petzl MAESTRO descender with integrated progress-capture pulley, delivers exactly that. In addition, the family of SPIN pulleys rounds out the range, making technical rescue operations easier than ever before.
According to OSHA, the effective management of worker safety and health protection is a decisive factor in reducing the extent and severity of work-related injuries and illnesses and their related costs. To assist employers and employees in developing effective safety and health programs, OSHA published Safety and Health Program Management Guidelines on January 26, 1989, Federal Register (54 FR 3908-3916). These voluntary guidelines apply to all places of employment covered by OSHA. The guidelines identify four general elements that are critical to the development of a successful safety and health management program: Management commitment and employee involvement, and Worksite analysis, Hazard prevention, and control, and Safety and health training.
Market Trend
- Adoption of Different Types of Style and Colors of these Strap Slings
Market Drivers
- Increasing Need for these Slings for different Purposes
- Rising Disposable Income of Consumers
Opportunities
- Rising Awareness Regarding Sling in Different Sectors across Developing Nations
Restraints
- High Raw Material Cost with these Slings
- Concern Related to Low Strenght Related to Weight Ratio
Challenges
- Issue Related To Misuse or Abuse Can Cause Kinking
Key Target Audience
Strap Sling Manufactures, Strap Sling Distributors, Potential Investors, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.