Global Grip Tape Market Set to Surge to USD 537.6 Million by 2034: Key Drivers, Industry Trends, and Future Opportunities in Sports and Safety Applications | FMI [Yahoo! Finance]
3M Company (MMM)
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Source: Yahoo! Finance
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
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News
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MMM
Earnings
- 10/22/24 - Beat
MMM
Sec Filings
- 12/2/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- MMM's page on the SEC website