The global Tape Measures market was valued at US$ 1271 million in 2020 and is expected to reach US$ 1733.5 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.
A tape measure is a flexible ruler. It consists of a ribbon of cloth, plastic, fiber glass, or metal strip with linear-measurement markings. It is a common measuring tool. Its design allows for a measure of great length to be easily carried in pocket or toolkit and permits one to measure around curves or corners. Today it is ubiquitous, even appearing in miniature form as a keychain fob, or novelty item. Surveyors use tape measures in lengths of over 100 m (300+ ft).
Stanley Black & Decker, TAJIMA, Apex, Grate Wall, EXPLOITare the top players in the market, and they dominate 13 percent of the market share in the world. In the product type of the market, pocket tapes have almost 95 percent of the market share in sales. Asia-Pacific region has more than 55 percent of the market share in sales, and China dominates 45 percent in the region.
Global Tape Measures Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tape Measures Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Stanley Black & Decker, Tajima, Komelon, Apex, Starrett, Milwaukee Tool, Grate Wall, Pro’skit, Endura, Hultafors, Exploit, Pst, Berent, Jetech Tool, Bosi, Kraftwelle and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-tape-measures-market-research-report
Segment by Type
- Pocket Tapes
- Surveyor Tapes
Segment by Application
Table of Content:
1 Tape Measures Market Overview
2 Tape Measures Market Competition by Manufacturers
3 Tape Measures Retrospective Market Scenario by Region
4 Global Tape Measures Historic Market Analysis by Type
5 Global Tape Measures Historic Market Analysis by Application
6 Key Companies Profiled
7 Tape Measures Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Tape Measures Market Dynamics
10 Global Tape Measures Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.