Market Definition / Research Scope
Hook and loop is a fastener closure process utilized to secure clothing and footwear. The rough side of the fastener is referred to as the hook, while the softer mate of the fastener is referred to as the loop. The hooks hold into the loop and give the closure mechanism. They include hooks and loops that can be opened and closed often for repeated closure.
Hook and loop products are used based on their applications in various industries. In the medical field, hook & loop products are used to hold in patient charts. They are also be used to secure large devices and equipment. In sporting or hiking equipment, hook & loop products are used to hold any kind of gear for any type of sport.
Additionally, hook and loop products are utilized in the automotive industry to attach armrests and to connect trim to headliners, seats, and headrests. These products are utilized for mounting lightweight objects as well as mount objects of heavyweight.
Hook and Loop Products Market size shall reach a value of $x Million in 2031, growing with a CAGR of 10.2% during the forecast period of 2022 to 2031.
Hook and Loop Products Market Growth and Trends
Driving factors for the industry :
• Hook and loop products mainly act as substitute for conventional attachment tools and are used in various applications of mounting both heavy and light –weight objects depending upon the tools’ grip, longevity and resistance. This factors drives the demand for the hook and loop tools and thereby is expected to boost the global market during the upcoming years.
• Rapidly growing textile and apparel industry is also responsible to drive the growth of the hook and loops market, owing to the increasing demand of these tools in performing various applications related to these industries.
• Growing demand for these hook and loop in activities including bundling and securing of wires and cable ties in various industries all over the world, are key factors driving the growth and demand for the hook and loop products market globally.
• These hook and loop products help in securing clothing and footwear, which also acts as key factors, driving the market the demand for these hook and loop tools, and thereby accelerating the growth of the global market in the upcoming future.
• North America , The SUS and the Asia Pacific region is expected to hold a major position in the global market flourish, due to the growth in foreign direct investments (FDI) and adoption of technological advancements in the various developing countries of this region, and thereby is responsible for accelerating the growth and demand of the global hook and loop products during the near future.
Challenges for the industry :
• Accumulation of fur, hair and dust in the hooks of these tools after few months of continuous use due to elongation and breakage, restricting the market in the long run.
• Because of the above problems, a large number of end sector consumers are shifting their interest in alternative products like zippers and shoelace in the apparel and footwear industry respectively. This is turn is expected to restrict the demand for this market and hamper it’s growth globally during the upcoming future.
Hook and Loop Products Market Regional Analysis
North America dominated the market, and United States accounts for over 50% of the share in the region in 2019, because of the increased demands for the loop cable ties that help secure wires in the field of science and technology. European area that includes countries like Germany, Italy, France, and Greece is also growing because of the increase in sports equipment for indoors and outdoors. The Asia Pacific region is growing rapidly due to the growth in foreign direct investments, developed infrastructure, and the advancement in technology.
Hook and Loop Products Market Share and Competition
Key companies operating in this industry are: Kuraray Co., Ltd, YKK Corporation, Velcro Inc., 3M, Paiho North America Corporation, Jianli Sticky Ribbon Co., Ltd., Gottlieb Binder GmbH & Co. KG, LOVETEX INDUSTRIAL CORP., Essentra plc, HALCO Europe Ltd., Siddharth Filaments Private Limited, Dunlap Industries INC., tesa SE, directex.net, and Krahnen & Gobbers GmbH. Similar industries in this domain that is growing at a high CAGR include Hot Melt Adhesives Market and Ball Bonder Machine Market.
Hook and Loop Products Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2031)
• Hook (Woven, njection, Continuous Injection, and Elastic)
• Loop (Woven, Knit, Elastic)
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Footwear & Apparel
• Transportation
• Industrial Manufacturing
• Medical
• Automotive
• Other
End-use Industry Analysis (Revenue, USD Million, 2022 - 2031)
• Rubber
• Wood processing
• Plastic
• Paper
• Automotive
• Glass
• Electrical & Electronics
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Hook and Loop Products Market Companies
• Kuraray Co., Ltd
• YKK Corporation
• Velcro Inc.
• 3M
• Paiho North America Corporation
• Jianli Sticky Ribbon Co., Ltd.
• Gottlieb Binder GmbH & Co. KG
• LOVETEX INDUSTRIAL CORP.
• Essentra plc
• HALCO Europe Ltd.
• Siddharth Filaments Private Limited
• Dunlap Industries INC.
• tesa SE
• directex.net
• Krahnen & Gobbers GmbH
Available Versions: -
United States Hook and Loop Products Market Research Report
Europe Hook and Loop Products Market Research Report
Asia Pacific Hook and Loop Products Market Research Report
India Hook and Loop Products Market Research Report
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