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  • Published On : Aug 2023
  • Code : CMI6136
  • Pages : 140
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

The global athletic tape market size was valued at US$ 631.1 million in 2023 and is expected to reach US$ 1124.3 million by 2030, growing at a CAGR of 8.6% from 2023 to 2030.

The growing popularity of sports and fitness activities, increasing incidence of sports-related injuries, and rising demand for effective and affordable injury prevention and management solutions are driving the growth of the global athletic tape market. The market is segmented by product type, width, application, and region. Based on product type, the market is segmented into rigid strapping tape, elastic therapeutic tape, and kinesiology tape. The kinesiology tape segment is expected to dominate the market during the forecast period. This is due to the increasing popularity of kinesiology tape for muscle support and injury prevention.

Athletic Tape Market Regional Insights

  • North America is the largest market for athletic tape, with a share of over 35%. The United States is the leading country in this region, followed by Canada.
  • Europe is the second-largest market for athletic tape, with a share of over 25%. Germany, France, and the United Kingdom are the leading countries in this region.
  • Asia-Pacific is the third-largest market for athletic tape, with a share of over 20%. China, Japan, and South Korea are the leading countries in this region.

Figure 1. Global Athletic Tape Market Share (%), by Region, 2023

 | Coherent Market Insights

Athletic Tape Market Drivers

  • Growing Sports and Fitness Industry: The increasing interest in sports and fitness activities among people of all age groups has led to a surge in demand for athletic tapes. Athletes, fitness enthusiasts, and even casual sports participants use athletic tape to prevent and manage injuries during physical activities.
  • Rising Awareness of Sports Injuries: Awareness about sports-related injuries and the importance of injury prevention has been on the rise. Coaches, trainers, and athletes are becoming more conscious of the benefits of using athletic tape to support and protect vulnerable body parts, such as ankles, knees, and wrists.
  • Advancements in Athletic Tape Technology: Manufacturers have been continuously improving the technology and materials used in athletic tapes, leading to more durable, flexible, and effective products. Innovative features like adhesive strength, moisture-wicking properties, and breathability make newer tapes more appealing to consumers.
  • Increased Participation in High-Impact Sports: High-impact sports, such as soccer, basketball, and volleyball, can put significant stress on an athlete's joints and muscles. The growing participation in these sports has driven the demand for athletic tapes that can provide stability and support during intense physical activities.

Athletic Tape Market Opportunities

  • Product Innovation: Continued innovation in athletic tape materials, designs, and functionalities can open up new opportunities in the market. Developing tapes with enhanced breathability, improved adhesive properties, and better moisture management can cater to the diverse needs of athletes and sports enthusiasts.
  • Customization and Branding: Offering personalized and branded athletic tapes allows businesses to target specific sports teams, athletes, and fitness influencers. Customized tapes with team logos, colors, and unique designs can create a sense of belonging and brand loyalty among consumers.
  • Expansion in Medical and Rehabilitation Sectors: Exploring opportunities in the medical and rehabilitation sectors can be a lucrative avenue for athletic tape manufacturers. Partnering with healthcare facilities, physiotherapy clinics, and post-surgery rehabilitation centers can increase the usage of athletic tapes for therapeutic purposes.
  • Online Retail and E-commerce Growth: The expansion of e-commerce platforms provides an opportunity for businesses to reach a global customer base. Creating an online presence, collaborating with established online retailers, and offering seamless e-commerce experiences can significantly boost sales and market reach.

Athletic Tape Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 631.1 Mn
Historical Data for: 2018 to 2021 Forecast Period: 2023 - 2030
Forecast Period 2023 to 2030 CAGR: 8.6% 2030 Value Projection: US$ 1,124.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa:  GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
  • By Product Type: Cloth Tape, Kinesiology Tape
  • By Application: Ankle Support, Knee Support, Shoulder Support, Wrist and Hand Support, Muscle Support
  • By End-user: Professional Athletes, Amateur Athletes, Hospitals and Clinics
  • By Distribution Channel: Online Retail, Offline Retail
  • By Brand: Leading Brands, Private Labels
Companies covered:

Johnson & Johnson, Mueller Sports Medicine, 3M Company, KT Tape, Medco Athletics, Nitto Denko Corporation, Andover Healthcare Inc., Medline Industries, Inc., Jaybird & Mais, SpiderTech

Growth Drivers:
  • Growing Sports and Fitness Industry
  • Rising Awareness of Sports Injuries
  • Advancements in Athletic Tape Technology
  • Increased Participation in High-Impact Sports
Restraints & Challenges:
  • Increasing Competition
  • Availability of Substitutes
  • Price Sensitivity
  • Lack of Awareness and Education

Athletic Tape Market Trends

  • Growing Demand for Kinesiology Tape: Kinesiology tape, also known as elastic therapeutic tape or k-tape, was gaining popularity in the athletic tape market. Unlike traditional rigid athletic tapes, kinesiology tape offers more flexibility and elasticity, mimicking the properties of human skin. It was used for a variety of purposes, including injury support, pain relief, and muscle activation.
  • Focus on Breathability and Comfort: Consumers were increasingly seeking athletic tapes that offered breathability and comfort during physical activities. Manufacturers were developing tapes with advanced materials and adhesive technologies that allowed the skin to breathe, reducing the risk of skin irritation and discomfort.
  • Rise of Pre-cut and Pre-packaged Tapes: Pre-cut and pre-packaged athletic tapes were becoming more prevalent in the market. These ready-to-use tapes offered convenience to users, saving time and effort during application. They were particularly popular among amateur athletes and individuals who prefer simple and hassle-free solutions.
  • Integration of Technology: Some athletic tapes were incorporating technology, such as embedded sensors or temperature-sensitive elements, to provide real-time feedback or monitoring of performance and injury management. These tech-integrated tapes appealed to tech-savvy athletes and teams looking for data-driven solutions.

Athletic Tape Market Restraints

  • Increasing Competition: The athletic tape market was becoming highly competitive with the presence of numerous established and emerging brands. The competitive landscape made it challenging for new entrants to gain significant market share and established players to maintain their positions.
  • Availability of Substitutes: While athletic tape was a popular choice for injury prevention and support, there were alternative products available in the market, such as compression sleeves, braces, and bandages. Consumers had various options to choose from, which could impact the demand for athletic tape.
  • Price Sensitivity: Price sensitivity among consumers, particularly in certain regions or customer segments, could limit the adoption of higher-priced athletic tapes. Cheaper alternatives and generic brands might attract budget-conscious buyers, affecting premium tape sales.
  • Lack of Awareness and Education: Despite growing awareness about the benefits of athletic tape, some segments of the population, including casual athletes and fitness enthusiasts, might still lack adequate knowledge about its uses and applications. Insufficient education could impede market growth.

Recent Developments

New product launches

  • Kinesio Tex Gold Tape by Kinesio Taping: This tape is made with a new, gold-infused adhesive that is said to be more durable and provide better support.
  • RockTape Performance Tape by RockTape: This tape is designed to provide maximum support and compression, making it ideal for high-impact activities.
  • SpiderTech Performance Tape by SpiderTech: This tape is made with a new, breathable fabric that is said to be more comfortable to wear.

Acquisition and partnerships

  • 3M acquired Johnson & Johnson's athletic tape business in 2015. This acquisition gave 3M a significant market share in the athletic tape market.
  • Kinesio Taping International acquired RockTape in 2017. This acquisition brought together two of the leading brands in the kinesiology tape market.
  • McDavid acquired Mueller Sports Medicine in 2018. This acquisition gave McDavid a wider range of products and a stronger presence in the athletic tape market.

Figure 2. Global Athletic Tape Market Share (%), by Application, 2023

 | Coherent Market Insights

Top companies in Athletic Tape Market

  • Johnson & Johnson
  • Mueller Sports Medicine
  • 3M Company
  • KT Tape
  • Medco Athletics
  • Nitto Denko Corporation
  • Andover Healthcare Inc.
  • Medline Industries, Inc.
  • Jaybird & Mais
  • SpiderTech

*Definition: The Athletic Tape market refers to the industry that produces and sells specialized tapes, typically made of fabric or synthetic materials, used to support and stabilize muscles and joints during sports and physical activities, aiding in injury prevention and rehabilitation.

Frequently Asked Questions

Competition from alternative products (e.g., compression sleeves, kinesiology tape) and declining sports participation rates.

Growing awareness about injury prevention and the increasing number of sports and fitness activities.

Fabric-based tapes are the leading component segment in the market.

Johnson & Johnson, Mueller Sports Medicine, 3M Company, KT Tape, Medco Athletics, Nitto Denko Corporation, Andover Healthcare Inc., Medline Industries, Inc., Jaybird & Mais, SpiderTech

The North American region is expected to lead the market.
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