Cargo Nets Market
Cargo Nets Market Analysis, By Net Type (Floor To Floor Nets, Pallet Nets, Underslung / Hoist Nets, Others (Barrier Nets / Baggage Nets)), By Material Type, By Load Capacity, By End User and Region - Market Insights 2024 to 2034
Analysis of Cargo Nets Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Cargo Nets Market Outlook (2024 to 2034)
The global cargo nets market was valued at US$ 742.5 million in 2023 and has been forecast to expand at a noteworthy CAGR of 7.3% to end up at US$ 1,611.7 million by 2034.
- Cargo nets are widely used in the logistics and transportation sector accounting with a market growth rate of 7.5% during the forecast period.
- In 2024, the pallet nets segment within the net type category was valued at US$ 240.6 million, representing a 30.2% share of the market.
Report Attributes | Details |
---|---|
Cargo Nets Market Size (2023A) | US$ 742.5 Million |
Estimated Market Value (2024E) | US$ 796.7 Million |
Forecasted Market Value (2034F) | US$ 1,611.7 Million |
Global Market Growth Rate (2024 to 2034) | 7.3% CAGR |
East Asia Market Share (2024) | 22.4% |
China Market Growth Rate (2024 to 2034) | 7.5% CAGR |
Key Companies Profiled | ACM; Aeronet; Allsafe GmbH and Co KG; Amsafe Bridport; Ancra Cargo; Apex Mills; Barry Cordage; Cargo Systems; Consolidated Cordage Corporation; Davis Aircraft Products Co Inc; Eagle Industries; Gpi Forankra; Mazzella Companies; Sandow Technic; Satco; Sealicone; Taiwan Fylin Industrial; US Netting Inc; Other Prominent Players |
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Sales Analysis of Cargo Nets (2019 to 2023) vs. Market Forecasts (2024 to 2034)
The market for cargo nets grew at a growth rate of 6.3% from 2019 to 2023, and by the end of 2023, it was valued at US$ 742.5 million.
- Short Term (2024 to 2027): Companies will focus on safe and efficient transportation solutions in the wake of their further expansion in world trade. Cargo nets afford secure handling of commodities without any damage or loss during transportation. Demand for cargo nets will rise, driven by the mandatory and operational efficiency of safety, and even further industries will continue to establish cargo nets as an essential tool in safe handling of materials in the period 2024 to 2027.
- Medium Term (2028 to 2030): Demand for cargo nets in North America and East Asia is likely to be relatively high in the medium term, mainly because of the increasing material handling demand in these regions, resulting from growth in industry and trade which now require safe transport solutions. Demand for superior cargo nets is expected to advance rapidly with these industries growing in logistics, e-commerce, and manufacturing throughout those regions, thereby fueling further market expansion during this time period.
- Long Term (2030 to 2034): Superior-quality and durable cargo netting products going forward will encourage their use in the military and defense segments. Due to the need for extremely reliable, rugged cargo handling safety solutions by the military and defense segments, improved product innovations will fulfill such stringent needs. The advancement in the strength and flexibility of cargo nets will make it an essential requirement for military activities of supply chains, which would further expand the cargo net market. By 2034, increased dependence on such high-tech products from the defense sector will surely suffice to uphold the growing demand of cargo net markets.
On the back of the aforementioned facts, the Cargo Nets market is anticipated to grow at a CAGR of 7.3% during the forecast period from 2024 to 2034, According to the Fact.MR, a market research and competitive intelligence provider.
Market Dynamics
What are the Factors Propelling Global Sales of Cargo Nets?
“Multifunctional Use in Defense & Military to Increase Demand for Cargo Net”
Cargo nets are widely used within military and defense agencies, as it has wide-ranging practical uses. Tough rope cargo netting has high usage in military training; especially in crawling and climbing courses, since it can maintain its shape and toughness under conditions. It is also a crucial piece of equipment on aircraft carriers, ensuring heavy equipment will not be blown off the flight deck by strong winds. Such safety nets of the type installed in construction sites are also mounted on the sides of ships as a way of providing accident prevention.
Another important part of military air drops-a practice since World War II-is cargo nets, which deploy supplies, equipment, and humanitarian aid into inaccessible areas. Nets can ensure safe good transportation-from weapons to food and medicine. Given the importance it holds, the cargo net market is expected to see 2X growth in the forecast period.
What Should Cargo Net Manufacturers be Aware of?
“Rising Logistics & Transportation Demand to Drive Market Expansion for Producers”
Packaging as well as storage is crucial for the profitable operation in logistics and transportation. The logistics sector thrives on better performances achieved through improved efficiency, lowering costs and optimizing the warehouse space. Among other things, cargo nets have these requirements because they are easy to use and cheaper compared to other alternatives. Cargo nets hold both heavy and light loads during transit; therefore, they make transport processes easy thus making their use necessary in any logistics operation.
An upsurge in demand within logistics and transport will lead to increased growth of the cargo net trade. Increasing acceptance of cargo nets as a primary device is due to their additional security against falling objects during transportation. This generate absolute dollar opportunity in the cargo net industry that is expected to reach 815 million dollars throughout forecasted duration since this sector experiences rapid growth while need for safe transport solutions keeps on rising.
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Country-wise Insights
Why is Adoption of Cargo Nets High in the United States?
“Integrated Supply Chain Network Strengthening U.S. Logistics Sector”
The market in the United States is estimated at US$ 84.7 million in 2024 and is projected to expand at a CAGR of 7.7% through 2034. This market is projected to generate a US$ 93.9 million absolute opportunity from 2024 to 2034.
United States logistics companies operate within a highly integrated supply chain network that directly connects consumers and producers through various channels of movement, freight rail, trucking, and express air. Logistics of actual good necessarily has few key processes including material handling, packaging, and warehousing. This completely integrated system ensures movement without any hitch in the entire chain to carry out goods effectively to meet the fluctuating needs of industries and boost general productivity within the logistic segment.
Why is China a Lucrative Market for Cargo Net Manufacturers?
“China's Economic Growth Boosting Cargo Net Market”
Cargo net market is expected to be dominated by China, with an estimated valuation of US$ 176.8 million by 2034. Being one of the countries that have maximized growth in the economy over the last ten years with a booming logistics industry, the land boasts aspects like increased foreign investments, advancements in logistics systems, and growing international trade. Cargo nets are also used extensively within the military to restrain and move gigantic, awkward loads.
Cargo nets market in China is likely to grow at a rate of 2.1X over the next ten years as infrastructure continues to develop in logistics and transportation sectors. Increasingly, manufacturers are focusing on the production of highly durable and efficient cargo nets, which makes handling heavy loads easier. Improvements to product robustness will further accelerate demand and help maintain operational efficiency in the growing Chinese logistics and transportation sectors.
Category-wise Insights
What Makes Pallet Cargo Nets a Preferred Solution in Logistics?
“Versatile Cargo Nets Enhance Packaging and Material Handling”
Cargo nets are the best and the most versatile type of packaging system which is widely used in packaging and material handling sector or it is similar to cargo shipping transport. They are transparent due to which it becomes easier for the operator to look over the goods carried within the cargo net. Cargo nets are the ideal solution to accommodate different size of boxes while transportation. Pallet cargo nets are generally versatile and efficient. It can be quickly used everywhere by just loading and tightening the straps.
Due to its durability, reliability and cost-effectiveness, the integration of pallet cargo nets has witnessed significant growth of 7.4% CAGR and is expected to reach market valuation of US$ 240.6 million in 2024.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Key players in the cargo nets market are ACM, Aeronet, Allsafe GmbH and Co KG, Amsafe Bridport, Ancra Cargo, Apex Mills, Barry Cordage, Cargo Systems, Consolidated Cordage Corporation, Davis Aircraft Products Co Inc, Eagle Industries, Gpi Forankra, Mazzella Companies, Sandow Technic, Satco, Sealicone, Taiwan Fylin Industrial, US Netting Inc & Others.
Companies devote a significant portion of their revenue to R&D to resolve problems and offer creative solutions to draw in new customers and stay competitive. Companies are developing customized offerings for issues that meet industry-specific needs to compete with other players.
- To enhance its cargo nets' performance and safety ACM Aerospace has emphasized. In particular, they brought in a new line of lightweight cargo nets that are purported to be up to 20% lighter compared to other products in the market. Such innovation seeks to increase efficiency in the conduct of air cargo operations through a reduction in total aircraft weight carried, which then leads to less fuel consumption and offers greater payload capacity. All their products satisfy the severe requirements of aviation, and thus, these products carry FAA and EASA certificates, that is to say, guaranteeing completely high safety and reliability in the carriage of goods.
CargoZip is a unique product, too, as ACM developed it for the efficient handling of ground services. This is because aircraft can spend up to five minutes less during loading and unloading processes. It is particularly useful in commercial aviation because time and efficiency are paramount.
Fact.MR has provided detailed information about the price points of key manufacturers of cargo nets positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Cargo Nets Industry Research
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By Net Type:
- Floor To Floor Nets
- Pallet Nets
- Underslung / Hoist Nets
- Others (Barrier Nets / Baggage Nets)
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By Material Type:
- Plastic
- Nylon
- Polyester
- Polypropylene
- Others
- Plastic
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By Load Capacity:
- Up to 5000 lbs
- 5000-10000 lbs
- 10000-20000 lbs
- Above 20000 lbs
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By End User:
- Aerospace
- Military & Defense
- Logistics & Transportation
- Others
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
- FAQs -
What was the Global Cargo Nets Market Size Reported by Fact.MR for 2023?
The global cargo nets market was valued at US$ 742.5 million in 2023.
Who are the Major Players Operating in the Cargo Nets Market?
Prominent players in the market are ACM, and Aeronet among others.
What is the Estimated Valuation of the Cargo Nets Market in 2034?
The market is expected to reach a valuation of US$ 1,611.7 million in 2034.
What Value CAGR did the Cargo Nets Market Exhibit over the Last Five Years?
The historic growth rate of the cargo nets market was 6.3% from 2019 to 2023.