Report Overview
Grip tape is a specialized adhesive-backed material applied to surfaces to provide enhanced grip or traction. In the market positioning, grip tape is primarily associated with sports equipment, particularly in skateboarding, where it is used on the deck of the skateboard to provide traction for the rider’s feet. Additionally, grip tape finds applications in various other sports such as surfing, snowboarding, and even in industrial settings for enhancing grip on tools and equipment.
The current market size for grip tape in 2023 is estimated at approximately USD 85 million. Looking ahead, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.75% from 2024 to 2032. The key growth drivers for the grip tape market include the increasing popularity of action sports globally, growing participation rates in skateboarding and other related activities, and the continuous innovation in materials and designs to enhance performance and durability.
One prominent trend in the grip tape market is the shift towards eco-friendly and sustainable materials. Manufacturers are increasingly focusing on developing grip tapes made from recycled materials or biodegradable substances to cater to environmentally conscious consumers. This trend is driven by the growing awareness of sustainability issues among consumers and the push for greener alternatives across industries.
Another significant trend is the customization and personalization of grip tapes. Consumers, especially in the skateboarding community, are seeking unique designs and patterns to personalize their equipment. This trend has led to collaborations between grip tape manufacturers and artists or influencers to create limited edition or artist-designed grip tapes, catering to niche segments within the market.
Moreover, the rise of e-commerce has transformed the distribution channels for grip tape, allowing manufacturers to reach a wider audience globally. Online platforms offer convenience, a broader product range, and easy comparison shopping, driving the sales of grip tapes beyond traditional brick-and-mortar stores.
In terms of regional market distribution, North America and Europe are the leading markets for grip tape. The dominance of these regions can be attributed to the strong presence of action sports culture, high disposable incomes, and a well-established network of skate shops and sporting goods retailers. Asia-Pacific is also emerging as a significant market for grip tape, fueled by the increasing popularity of skateboarding and other action sports in countries like China, Japan, and South Korea.
However, the grip tape market faces challenges such as price competition from low-cost alternatives, counterfeit products affecting brand reputation, and the need for continuous innovation to meet evolving consumer preferences. Manufacturers need to focus on product differentiation, quality control, and sustainable practices to stay competitive in the market and capitalize on the growing demand for grip tapes.
This report provides a deep insight into the global Grip Tape market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Grip Tape Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Grip Tape market in any manner.
Global Grip Tape Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
3M Company
Avery Dennison Corporation
Jessup Manufacturing Company
Heskins Ltd
Wooster Products Inc.
Sure-Foot Industries
INCOM Manufacturing Group
McNICHOLS Co.
GripGuard Pty Ltd
American Biltrite Inc.
Brady Corporation
Safe Way Traction
Gator Grip
Tesa SE
Market Segmentation (by Type)
Abrasive Grip Tapes
Textured Vinyl Grip Tapes
Reflective Grip Tapes
Adhesive Backed Grip Tapes
Market Segmentation (by Application)
Equipment Handles
Steering Wheels
Sports
Other
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Grip Tape Market
• Overview of the regional outlook of the Grip Tape Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Grip Tape Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.