Global Measuring Tape Market Overview:
The global measuring tape market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for metallic tapes due to growing number of construction activities and growing adoption of digital measuring tapes are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Apex Tool Group, LLC (United States), BOSI (United States), eTape16 (Australia), Hultafors (Sweden), IRWIN Tools (United States), Jetech Tools (China), Keson (United States), Komelon USA (United States), Magnelex (Turkey), Milwaukee Electric Tool (United States), Stanley Black & Decker, Inc. (United States), Starrett (United States), Tajima Tool Corporation (United States), Tapemeasure.biz (United States), THE PERFECT MEASURING TAPE (United States) and U.S. Tape (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Demand for Metallic Measuring Tapes Owing to Growing Construction Industry
- Rising Demand from Clothing & Apparel Applications Due to Rapidly Growing Fashion Industry Across the World
- Increasing Adoption of Digital Measuring Tapes
Roadblocks
- Reducing Demand for Without Lock Measuring Tapes Due to Introduction of Locking Measuring Tapes
Opportunities
- Opportunities in the Asia Pacific Region Propelled by Large Number of Ongoing & Future Construction Projects in the Region
Challenges
- Short Term Challenges for the Market Vendors Due to Shutting Down of Operations & Ongoing Construction Projects Across Different Parts of the World to Avoid the Outspread of COVID-19
Competitive Landscape:
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Apex Tool Group, LLC (United States), BOSI (United States), eTape16 (Australia), Hultafors (Sweden), IRWIN Tools (United States), Jetech Tools (China), Keson (United States), Komelon USA (United States), Magnelex (Turkey), Milwaukee Electric Tool (United States), Stanley Black & Decker, Inc. (United States), Starrett (United States), Tajima Tool Corporation (United States), Tapemeasure.biz (United States), THE PERFECT MEASURING TAPE (United States) and U.S. Tape (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Measuring Tape market by 2027. Considering Market by Technology, the sub-segment i.e. With Lock will boost the Measuring Tape market. Considering Market by Length, the sub-segment i.e. < 10 m will boost the Measuring Tape market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Measuring Tape market. Considering Market by Material, the sub-segment i.e. Metals will boost the Measuring Tape market.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Organisational Operations Reducing the Demand for Measuring Tapes for Some Ambiguous Period of Time
What Can be Explored with the Measuring Tape Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Measuring Tape Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Measuring Tape
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Measuring Tape market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Measuring Tape market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.