North America Tie-down Market Size is Expected to Grow to 423.49 Million by 2028

North America Tie-down Market Overview

According to Global Market Monitor, theNorth Americatie-down market size will reach $219.78 million in 2023 and is expected to grow to 423.49 million by 2028.

Tie-down is webbing that could be tensioned to secure cargo or equipment for transportation. Break strength describes the maximum comfortable weight that can be supported before the strap fails, and working load describes the maximum weight that a tie-down can support with regular day-to-day use without becoming damaged. The tie-down is primarily used to secure or confine cargo to a vehicle and is attached to an anchor point.

North America Tie-down Market Segment

Among different product types, the cam straps segment contributed to the larger market share in 2022. By application, the land transportation segment occupied the biggest share with63.34% in 2022. The growth of the transportation sector drives the growth of the tie-down to some extent. The United States has the highest growth rate of all regions and is the largest revenue market followed by Canada. The tie-down industry concentrate rate is moderate. The top three companies are Keeper, Ancra Cargo, and Nite Ize.

Market Trends

Continued innovation is one of the enduring trends in the tie-down industry. Due to the unique nature of tie-down, buyers have high demands on the quality and performance of it. From small cars to airplanes, tie-down has different details required. Tie-down enterprises should take into account the user's all-round experience and constantly develop new products or new technologies. Furthermore, product differentiation is one of the key points to improve competitiveness. Enterprises should clarify the market positioning and find the market segmentation to stand out in the fierce market competition. For those products that are different from others, companies should construct barriers, thus forming a competitive advantage. At the same time, tie-down enterprises should create special elements in the formation of product entities or in the process of offering products that are distinct enough from other similar products to attract buyers, thereby generating consumer preference and loyalty.

Keeper Outlook
Company Name	Keeper
Website	www.hamptonproducts.com
Established Time	1973
Plant Locations	In the United States
Sales Region	Mainly in the United States
Business Overview	Keeper provides the broadest assortment of high-quality cargo control products available. Their cargo control products include tie-down, bungee, truck and trailer accessories, towing, electric winches, and more. Hampton currently sells the majority of its products under the Brinks and Keeper brands.

For more industry information, please refer to our latest released "China Tie-downs Industry Market Research Report 2023-2029".