Rising safety regulations in manufacturing, automotive, and healthcare, alongside increasing adoption in extreme sports like skateboarding and cycling, are driving global demand for grip tapes. Innovations in design and functionality further boost market appeal across industries.
NEWARK, DE / ACCESSWIRE / December 16, 2024 / The global grip tape market is poised for significant growth, with its size projected to expand from USD 356.3 million in 2024 to an estimated USD 537.6 million by 2034. This growth represents a compound annual growth rate (CAGR) of 4.2% during the forecast period. Following revenues of USD 341.9 million in 2023, the market is set to achieve 1.6 times its current value by 2034, creating an incremental opportunity of USD 195.7 million.
The grip tape market, a niche yet critical component in industries like skateboarding, snowboarding, and industrial tools, is experiencing steady growth driven by evolving demand patterns and emerging industry trends. Grip tape, known for its adhesive backing and rough surface to ensure secure footing or grip, is increasingly sought after in sports, automotive, and industrial sectors.
One significant demand driver is the growing popularity of extreme sports, particularly skateboarding and snowboarding, which has surged post its inclusion in global events like the Olympics. Skateboarders and snowboarders demand high-performance grip tape that balances durability, comfort, and customization options, spurring innovation in material science and design. Custom printed and color grip tape, catering to the aesthetics-driven preferences of younger consumers, is particularly trending.
In the industrial sector, grip tape is used extensively for safety applications, such as anti-slip surfaces on stairs, ramps, and machinery. The rising focus on workplace safety standards has significantly increased demand for high-traction grip tapes in manufacturing and construction industries.
Sustainability trends are also reshaping the market. Manufacturers are increasingly adopting eco-friendly materials and production processes to meet consumer expectations for sustainable products. Biodegradable and recycled materials in grip tapes are gaining traction as businesses aim to align with global environmental initiatives.
Additionally, advancements in adhesive technologies and product innovation, such as glow-in-the-dark and heat-resistant grip tapes, are expanding the application scope. Overall, the grip tape market is poised for steady growth, driven by dynamic consumer demands and industry-wide trends emphasizing safety, customization, and sustainability.
Key Takeaways:
Steady Growth Projection: The global grip tape industry is expected to grow at a CAGR of 4.2% from 2024 to 2034, reflecting consistent demand across multiple sectors.
Market Valuation Trends: The industry's market size was valued at USD 341.9 million in 2023 and is projected to reach USD 537.6 million by the end of 2034.
Regional Growth Leader: South Asia & Pacific is anticipated to exhibit the highest growth rate, with a CAGR of 6.3% during the forecast period, driven by increasing adoption in emerging markets.
Key Industry Players: Major players driving innovation and market share in the grip tape sector include 3M Company, JESSUP MANUFACTURING COMPANY, tesa SE, and Heskins® LLC.
Diversified Applications: The industry's growth is fueled by applications in sports, safety, and industrial sectors, with increasing demand for advanced materials and safety solutions.
Driving Growth Factors: Sports & Recreation Lead the Charge
With over 45% of the market share attributed to sports and recreation applications, grip tape is a staple for skateboarding, cycling, and extreme sports. These tapes provide superior grip, comfort, and safety, making them essential for enthusiasts and professionals alike. PVC, a durable and flexible material with excellent abrasion resistance, remains the top choice for grip tape manufacturing, capturing over 42.5% of the material market share during the forecast period.
The versatility of PVC, which can be molded into various shapes and textures, further boosts its adoption across industries. Its affordability and long-lasting nature make it the ideal solution for high-performance and friction-intensive activities.
Increased Safety Standards Propel Demand
The rise in safety standards across manufacturing, automotive, and healthcare industries is a major contributor to grip tape's market expansion. Anti-slip solutions like grip tapes are critical in preventing accidents caused by slips and falls.
Manufacturing: Grip tapes improve workplace safety by being applied to factory floors, machinery, and tools.
Automotive: They enhance safety by being used on vehicle pedals, footrests, and other surfaces.
Healthcare: Grip tapes ensure patient safety on wheelchairs, hospital beds, and walking aids, reducing fall-related accidents.
As global safety regulations become increasingly stringent, the demand for grip tape is expected to rise substantially.
The Rise of Extreme Sports and Urban Recreation
Grip tape is gaining popularity among extreme sports enthusiasts due to its role in providing stability and control. Applications such as handlebar tape for cycling and non-slip surfaces for skateboards are driving demand. Beyond traditional uses, grip tapes are now widely utilized in urban recreational activities such as scooters and rollerblades.
The availability of non-abrasive variants and creative designs has further boosted its appeal among younger demographics, particularly in urban areas, where safety and aesthetics are equally valued.
The grip tape market's growth underscores its critical role in safety and performance across industries like sports, manufacturing, and healthcare. With rising safety standards and demand for advanced materials, manufacturers are poised to innovate and address challenges, unlocking substantial opportunities through 2034. Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Country-Wise Insights and Trends for the Grip Tape Industry:
Country |
CAGR (2024-2034) |
Key Insights |
|---|---|---|
USA |
3.0% |
Driven by increasing workplace safety standards and recreational sports demand. |
Canada |
3.8% |
Aging population boosts demand for grip tapes in healthcare and mobility assistance devices. |
Germany |
2.8% |
Industrial safety applications drive steady demand in Europe's largest manufacturing hub. |
UK |
3.5% |
Growth fueled by workplace safety regulations and demand for cycling and sports accessories. |
Spain |
3.0% |
Tourism and cycling culture promote grip tape use in water sports, boating, and cycling gear. |
China |
5.1% |
Rapid urbanization, manufacturing growth, and increasing popularity of recreational sports. |
India |
6.5% |
Fastest-growing market, driven by expanding infrastructure, safety norms, and sports activities. |
Industry Demand for Grip Tape Market
Increased Sports Activities: Rising participation in skateboarding, scooters, and other action sports drives demand for grip tape.
DIY Customization Trends: Growing interest in customizing boards and equipment encourages the use of grip tape.
Safety Concerns: Demand for slip-resistant surfaces in sports and industrial applications boosts grip tape usage.
Durable Material Needs: Preference for high-quality, weather-resistant materials increases grip tape consumption.
Wider Application Areas: Expansion of grip tape usage in tools, stairs, and workplace safety broadens market demand.
Growth Opportunities in Grip Tape Market
Technological Innovation: Development of eco-friendly and advanced adhesive technologies can expand market potential.
Emerging Markets: Growing adoption in developing regions offers untapped opportunities.
E-commerce Expansion: Rising online retail channels provide wider reach and convenience for consumers.
Personalization Options: Customizable designs for skateboards, tools, and industrial products can attract niche markets.
Diversification of Applications: Opportunities exist in industries like construction, automotive, and aviation for anti-slip solutions.
Unlock Comprehensive Market Insights - Explore the Full Report Now: https://www.futuremarketinsights.com/reports/grip-tape-market
Key Players in Grip Tape Market
3M Company
JESSUP MANUFACTURING COMPANY.
tesa SE
Heskins® LLC
Intertape Polymer Group Inc.
Shurtape Technologies, LLC
INCOM® Manufacturing Group.
Grip-Tek, Inc.
Moonshine Mfg
GEWO
TripTape™
INDASA.
Zipker International.
BASKETO
Saathsaath Industry
Grip Tape Market Segmentation
By Material:
In terms of material, the grip tape market is divided into silicone, polyurethane (PU), rubber based foam, sandpaper, fabric and poly vinyl chloride (PVC).
By Thickness:
By thickness, the grip tape market is segmented into less than 0.5 mm, 0.5 mm to 1.0 mm and above 1.0 mm.
By Surface Type:
In terms of surface type, the grip tape market is segmented into abrasive and nonabrasive. The abrasive further include rough and sandpaper texture. Also nonabrasive is further sub- segmented into smooth and perforated.
By End Use:
Some of end users in the grip tape market include sports & recreation, healthcare, transportation, industrial manufacturing, and consumer goods. Sport & recreation is sub-categorized into skateboarding, cycling and other sports.
Healthcare further include medical devices & equipment and personal care products. Industrial manufacturing is sub-segmented into tools and machinery & equipment. Transportation segment consists of automobiles, ships & boats and aircrafts. Consumer goods is further sub-segmented into household products, furniture and luggage.
By Region:
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
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