The grip tape market size is estimated to be worth USD 356.3 million in 2024 and is anticipated to reach a value of USD 537.6 million by 2034. Sales are projected to rise at a CAGR of 4.2% over the forecast period between 2024 and 2034. The revenue generated by grip tape in 2023 was USD 341.9 million.
Grip tapes are most widely used in the sports & recreation industry, mainly for applications such as skateboarding, cycling, and extreme sports, thus capturing more than 45% market share within the end-use segment over the forecast period. This is because they provide better grip, safety, and comfort during high-movement activities. Sports enthusiasts pay attention to performance and durability, so grip tapes become essential for safety while maintaining control.
Grip Tape Industry Forecast
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 341.9 million |
| Estimated Size, 2024 | USD 356.3 million |
| Projected Size, 2034 | USD 537.6 million |
| Value-based CAGR (2024 to 2034) | 4.2% |
PVC is widely used in the manufacturing of grip tape because it is long-lasting and flexible, besides being cheap. It has excellent abrasion resistance and is, hence the ideal material to use for friction-intensive sports and industries.
Moreover, PVC can easily be molded to create various shapes and textures that improve the versatility of the material and, thus its wide utilization. PVC is expected to hold over 42.5% of the total market share in the material segment during the assessment period.
The grip tape market may be expected to experience profitable growth in the forecast period. An incremental opportunity of USD 195.7 million shall be created, and growth to 1.6 times its current value till 2034.
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Rising Safety Standards Propel Global Grip Tape Demand
An increased focus on safety and compliance coupled with a maturing sense of the need for protective measures in verticals like manufacturing, automotive, and healthcare, is driving the demand for anti-slip solutions like grip tapes. These are industries synonymous with stringent safety standards against accidents mainly due to slips and falls which could cause injuries.
In manufacturing environments, grip tapes pave factory floors, machinery, and tools for staff safety. Similarly, in the automotive sector, grip tapes support safety on vehicle pedals, footrests, and surfaces. Then it goes specifically to health care because grip tapes in patient care settings-like wheelchairs, hospital beds, and even walking aids-are important during an accident and reduce falls among delicate individuals. Such kinds of regulations on safety around the globe are getting more stringent each day, and as such, the market demand for these tapes is growing.
Surge in Popularity of Extreme Sports Drives Increased Demand for Grip Tapes
Grip tapes are becoming highly valued in sports activities that require accurate control and stability. A great example of this is in cycling where grip tapes have been mounted on handlebars to make long rides easier and comfortable while, in skateboarding, it is a safety feature as it does not allow slipping during stunts and provides the required grip on the board.
Beyond these uses, grip tapes are increasingly being introduced into other recreational activities such as scooters and rollerblades, where safety and performance are key. Variety in grip tape designs and the availability of special non-abrasive variants have increased the demand for these tapes. Consequently, its popularity has been rising among the youths of the urban cities. Due to these factors, the grip tapes will be gaining impetus demand over the forecast period.
Durability Concerns May Impede Sports Grip Tape Adoption
Durability concerns are one major challenge within the grip tape market. High-intensity sports like skateboarding and cycling require frequent movements and aggressive motion, which increases the wear rate of the grip tapes as they lose effectiveness and have to be changed often. A shorter lifespan leads to a situation where consumers are dissatisfied, especially professional athletes and competitive players whose interests lie in performance consistency.
The cost incurred from frequent replacement of tape has also increased for certain users who may not want to spend it on premium products because of their budget constrictions. Furthermore, the reduced perception of durability might nudge prospective users towards different options, such as built-in grip features on sports equipment. Improving these issues with advanced materials and extended warranties could be critical to sustaining growth in this market segment.
The global grip tape market recorded a CAGR of 2.8% during the historical period between 2019 and 2023. Market growth of grip tape was positive as it reached a value of USD 341.9 million in 2023 from USD 305.9 million in 2019.
In the historical period, the world's grip tape market has shown moderate growth due to increasing demand from various sectors such as sports, industrial, and healthcare applications. Factors that have led to an increase in sales included the rising popularity of sports like skateboarding and cycling and increased safety regulations. Challenges however like limited awareness in emerging markets and environmental concerns have hindered the market from realizing its full potential.
Over the forecast period, it is expected that demand will increase mainly due to advancements in materials with respect to being eco-friendly, durable, and more used in consumer goods and transport. Other factors are set to enhance growth through stiff global safety standards and customization in sports and recreational activities. Emerging markets are also likely to come about in Asia-Pacific and Latin America as awareness and infrastructure improve, making this a significant growth driver for the regions.
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Tier 1 companies comprise market leaders capturing significant market share in global market. These market leaders are characterized by high production capacity and a wide product portfolio. These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base.
They provide a wide range of series including recycling and manufacturing utilizing the latest technology and meeting the regulatory standards providing the highest quality. Prominent companies within tier 1 include 3M Company, JESSUP MANUFACTURING COMPANY, tesa SE and Heskins® LLC.
Tier 2 companies include mid-size players having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge.
These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Intertape Polymer Group Inc., Shurtape Technologies, LLC, INCOM® Manufacturing Group., Grip-Tek, Inc., Moonshine Mfg, GEWO, TripTape™ and INDASA.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment. They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
The section below covers the future forecast for the grip tape market in terms of countries. Information on key countries in several parts of the globe, including North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe and MEA is provided. Canada is anticipated to remain at the forefront in North America, with a CAGR of 3.8% through 2034. In Western Europe, Spain is projected to witness a CAGR 3.0% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 3.0% |
| Germany | 2.8% |
| China | 5.1% |
| UK | 3.5% |
| Spain | 3.0% |
| India | 6.5% |
| Canada | 3.8% |
The grip tape market in Spain is expected to have a CAGR of 3.0% in the forecast period.
Tourism in Spain is extremely booming along the coastlines where there is an enormous need for grip tapes. Many people go for boating and water sports, including the most popular among tourists - sailing, kayaking, and jet skiing. Grip tape is quite helpful during all these activities as well to provide safety and grips on wet and slippery surfaces.
Its demand has also increased due to the extensive cycling culture across Spain, with scenic routes and an ever-increasing number of cycling events. The primary reason why cyclists are increasingly using grip tapes on their handlebars and pedals is the improvement of control with fewer slippages. With a very strong tourism sector and active lifestyle culture, grip tape usage in recreational and sports applications remains relatively consistent in growth.
The rise in aging population in Canada offer a lot of opportunities for the expansion of the grip tape market in the country. The country is anticipated to record a CAGR of 3.8% during the evaluation period.
Demand in this industry is specifically driven by the aging population of Canada who need health services. As they are upturning in number, the need for medical and mobility assistance devices such as wheelchairs, walking aids, hospital beds, and stretchers is on the rise.
These grip tapes are very important for the safety and usability of such instruments, providing more stability and reduced risk of slipping and falling, which is usually the case with the elderly, more so those with restricted mobility and balance problems. Moreover, the healthcare providers and institutions are going overboard to install modernized anti-slip devices to conform to the minimum safety regulations necessary for health care and increase the patient care quality further increases the demand for grip tapes.
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The section contains information about the leading segments in the industry. In terms of material, polyvinyl chloride (PVC) is estimated to account for a share of 42.5% by 2034. By thickness, 0.5 mm to 1.0 mm is projected to dominate by holding a share of 47.9% by the end 2034.
| Material | Polyvinyl Chloride (PVC) |
|---|---|
| Market Share (2034) | 42.5% |
Among multiple materials used for making grip tapes, polyvinyl chloride (PVC) is expected to lead the material segment in the grip tape market with a market share of 42.5% over the forecast period.
Polyvinyl Chloride is the best-suited material for manufacturing grip tapes because of its highly excellent performance for durability as well as flexibility. It provides outstanding resistance against wear, moisture, and the environment. Therefore, PVC finds extensive applications for its usability in high-demand places like sports, industrial manufacturing, or health care services.
It also promotes flexibility in producing different thicknesses and surface textures in grip tapes to meet a variety of needs such as anti-slip or aesthetic purposes. PVC is also compatible with a wide range of adhesives, which makes it applicable on various surfaces.
Moreover, PVC proves to be cost-effective when compared with other materials like rubber or silicone. Hence, it can be made in abundance at a lower price to the end user. These are some of the reasons that make PVC among the most desirable materials in the grip tape industry, despite the existence of alternatives.
| Thickness | 0.5 mm to 1.0 mm |
|---|---|
| Market Share (2034) | 47.9% |
Grip tapes with thickness 0.5 mm to 1.0 mm are estimated to lead the grip tape market and account for market share of 47.9% till 2034.
Grip tapes with a thickness ranging from 0.5 mm to 1.0 mm are ideal because they possess an optimal balance between durability, flexibility, and performance. The thickness of such grip tapes provides sufficient resistance against wear and tear to give the tape a more lasting life while retaining some flexibility to be applied for skating or cycling purposes.
Thicker tapes above 1.0 mm may feel stiff and can interfere with the overall comfort and mobility, whereas thinner ones, below 0.5 mm, may lack sufficient durability and grip. Besides, the tapes of this range are versatile as it can target both sports and industrial applications without compromising performance. Hence, it is the most commonly used thickness for multi-functional grip tapes.
Key players of grip tape industry are developing and launching new products in the market. They are integrating with different firms and extending their geographical presence. Few of them are also collaborating and partnering with local brands and start-up companies for new product development.
Key Developments in Grip Tape Market
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, the grip tape market is segmented into less than 0.5 mm, 0.5 mm too 1.0 mm and above 1.0 mm.
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.
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.
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
The grip tape industry is projected to witness CAGR of 4.2% between 2024 and 2034.
The global grip tape industry stood at USD 341.9 million in 2023.
Global grip tape industry is anticipated to reach USD 537.6 million by 2034 end.
South Asia & Pacific is set to record a CAGR of 6.3% in assessment period.
The key players operating in the grip tape industry are 3M Company, JESSUP MANUFACTURING COMPANY, tesa SE and Heskins® LLC.
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Grip Tape Market
