Press release
Which regional market has the highest Steel Measuring Tape market attractiveness in 2030?
Steel Measuring Tape market
A steel measuring tape is a portable device used to measure the size of objects or the distance between two points. It is a flexible metal strip made of steel or carbon steel. The steel measuring tape is majorly utilized in construction and woodworking industries. It is a basic hand tool available in various lengths that is employed for measurement. The steel measuring tape market can be segmented based on type, length, price range, distribution channel, end-use industry, and region. Expansion of the construction industry across the globe is estimated to drive the global steel measuring tape market.
Expansion of construction industry to fuel the global steel measuring tape market
Rapid urbanization has fueled the construction industry globally. Rise in number of construction projects in commercial, residential, and industrial sectors is projected to increase the usage of steel measuring tapes for perfect measurements. Steel measuring tapes are used by civil workers, architects, interior designers, surveyors, etc. Utilization of these measuring tapes is increasing, as steel measuring tapes are the basic hand tools used by interior designers, architects, civil workers, etc., for measurement while working on construction sites. Expansion of the construction industry is estimated to ultimately fuel the steel measuring tape market in the near future.
Technologically advanced products to offer significant opportunities to the global steel measuring tape market
Presently, manufacturers are developing technologically advanced products such as LCD displays on steel measuring tapes that display the measurement. These advancements in products are expected to offer significant opportunities to the steel measuring tape market in the near future. Consumers are slowly shifting toward the use of technologically advanced steel measuring tapes, as they store data or information about recent calculated measurements.
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Asia Pacific to lead the global steel measuring tape market
In terms of region, the global steel measuring tape market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. North America includes Canada, U.S., and Rest of North America. The South America steel measuring tape market can be segregated into Brazil, and Rest of South America. Analysis and forecast of the steel measuring tape market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the steel measuring tape market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
Demand for steel measuring tape is likely to increase significantly in Asia Pacific from 2020 to 2030, followed by North America and Europe, due to considerably huge number of construction projects in the region.
Leading manufacturers of steel measuring tapes have extensive distribution networks
Key Manufacturers Operating in the Market
The global steel measuring tape market is highly fragmented. Key manufacturers operating in the global market are:
Stanley Black & Decker, Inc.
Komelon USA
Milwaukee Tool
Starrett
Tajima Tool Corporation
U.S. Tape
Keson
Kutir Group
Magnelex
Quick Draw
eTape16
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Global Steel Measuring Tape Market: Research Scope
Global Steel Measuring Tape Market, by Type
With Lock
Without Lock
Global Steel Measuring Tape Market, by Length
Less than 5m
5m – 10m
More than 10m
Global Steel Measuring Tape Market, by Price Range
Less than US$ 15
US$ 15 – US$ 25
More than US$ 25
Global Steel Measuring Tape Market, by Distribution Channel
Online
Offline
Hypermarket & Supermarket
Mechanical Too & Accessories Stores
Others (Convenience Stores, etc.)
Global Steel Measuring Tape Market, by End-use Industry
Construction Industry
Architecture & Interior Designing
Woodworking Industry
Others (Landscaping, Surveying, Commercial Industry, etc.)
Global Steel Measuring Tape Market, by Region
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.
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