According to the research report titled ‘Global Tape Measure Market Size study, by Product Type (Cloth Tape, Metallic (Steel) Tape), by End Use Industry (Construction, Architecture & Interior Designing, Woodworking Industry, Clothing Industry, Others (Landscaping, Surveying, Commercial Industry etc.)), by Length (Less than 5m, 5m-10 m, More Than 10 m), by Price Range (Less than US$ 15, US$ 15 - US$ 25, More Than US$ 25), by Sales Channel (Wholesalers/ Distributors, Supermarkets/ Hypermarkets, Specialty Stores, Multi-Brand Stores, Online Retailers, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global tape measure market is anticipated to witness lucrative growth through 2027.
 

As per the report, global tape measure market growth is driven by growing product adoption with rising woodworking and furniture designing. Additionally, flourishing construction industry, and increasing advancements in technology are expected to fuel the market expansion over the forecast duration.
 

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For the unversed, a tape measure is a ruler that is used to measure distances, sizes, and other things. It is utilized in the woodworking, apparel, and construction industries.
 

However, threat of substitutes is likely to impede the growth of the market over the forecast period of 2021-2027.
 

Based on product type, the market is divided into metallic (steel) tape, and cloth tape. In terms of end use scope, the industry is branched into architecture & interior designing, construction, clothing industry, woodworking industry, and others (surveying, landscaping, commercial industry, etc).
 

By length, global tape measure marketplace is divided into more than 10m, 5m-10m, and less than 5m. On the basis of price range, the industry is classified into more than USD 25, USD 15 - USD 25, less than USD 15. Speaking of sales channel, the market is categorized into online retailers, multi-brand stores, specialty stores, supermarkets/hypermarkets, wholesalers/distributors, and others.
 

Considering the regional landscape, North America market holds a significant revenue share at present, owing to rising interior designing projects for residential and commercial constructions. Whereas, Europe industry is poised to grow significantly during 2021-2027. The expansion is attributed to growing disposable income of individuals, and adoption of luxurious lifestyles with inclination for interior designing of homes in the region.
 

The key players in worldwide tape measure market are Tajima Tool Corporation, QuickDraw, eTape16, Yamayo Measuring Tools Co., Ltd, Perfect Measuring Tape Company, AdirPro, Apex Tool Group, Techtronic Industries Company Limited, Kutir, Komelon Corp., and Stanley Black & Decker, Inc.