Plastic Type Measuring Tape Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.2 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
Plastic Type Measuring Tape Market Size and Opportunity Analysis
The global plastic type measuring tape market was valued at approximately USD 1.4 billion in 2022 and is projected to reach around USD 1.8 billion by 2027. This growth represents a compound annual growth rate (CAGR) of 5.0% during the forecast period. The market expansion is primarily driven by the increasing adoption of plastic measuring tapes in various sectors, including construction, manufacturing, and DIY home projects. The lightweight, durable, and cost-effective nature of plastic tapes compared to their metal counterparts is contributing to their rising popularity. The demand for precision tools in both professional and personal applications is also enhancing market growth.
Opportunities within the plastic type measuring tape market are significant, particularly in emerging regions such as Asia-Pacific and Latin America. As these regions experience rapid industrialization and infrastructure development, there is an escalating need for accurate and efficient measuring tools. Additionally, technological advancements in plastic materials and tape manufacturing are expected to open new avenues for market players. The integration of digital technology into measuring tapes, such as Bluetooth connectivity and digital readouts, offers further growth potential. These innovations cater to the evolving requirements of consumers and professionals, driving the market towards new horizons.
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Who are the largest Global manufacturers in the Plastic Type Measuring Tape industry?
- Tajima
- Apex
- Stanley Black & Decker
- Hultafors
- Irwin
- Pro’skit
- Great Wall
- Endura
- Exploit
- Komelon
- PST
- Berent
- Jetech
- Empire
- Bosi
- Kraftwelle
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Plastic Type Measuring Tape Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Type Measuring Tape Market
- Woodworking
- Construction
- Others
What are the types of Plastic Type Measuring Tape available in the Market?
Based on Types the Market is categorized into Below types that held the largest Plastic Type Measuring Tape market share In 2023.
- Pocket Tapes
- Surveyors Tapes
Which regions are leading the Global Plastic Type Measuring Tape Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Plastic Type Measuring Tape Market Research Report, 2024-2032
1. Introduction of the Global Plastic Type Measuring Tape Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Plastic Type Measuring Tape Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Plastic Type Measuring Tape Market, By Type
6. Global Plastic Type Measuring Tape Market, By Application
7. Global Plastic Type Measuring Tape Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Plastic Type Measuring Tape Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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