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  • Published In : Mar 2024
  • Code : CMI6136
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Market Size and Trends

The Athletic Tape Market is estimated to be valued at USD 686.01 Mn in 2024 and is expected to reach USD 1,230.08 Mn by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

Athletic Tape Market Key Factors

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The athletic tape market is expected to witness positive growth over the forecast period. The growing popularity of sports and increased participation in sports and fitness activities worldwide is expected to drive the demand for athletic tape. Furthermore, the rising awareness regarding prevention and treatment of sports injuries is also fueling the adoption of athletic tape. Various innovations in terms of strengthening muscles and prevention of injuries are expected to further aid the growth of the athletic tape market. Increased spending on sports protective gear such as athletic tapes is also boosting the market. However, the availability of alternative options for muscle and joint support may hinder the growth of the athletic tape market during the forecast period.

Increasing popularity and participation in sport

With people becoming increasingly health conscious and fitness emerging as a lifestyle, participation in sports and outdoor activities has seen tremendous growth over the past decade. For instance according data by Government of Australia, in 2022, participation in sport and physical activity for social, psychological, and mental health reasons has increased over the past 5 years. More individuals have been taking up various recreational as well as professional sports as a way to remain active and indulge their competitive spirit. Activities ranging from traditional mainstream games like football, basketball, and tennis to niche sports like volleyball, badminton, swimming, etc. have gained widespread popularity. This growing involvement in sports has been a major factor propelling the demand for athletic tape which is used commonly for preventing injuries, providing support and assisting recovery. Sports physicians and trainers also recommend the use of tape for preventing reinjury of healed injuries. With the number of gym memberships and adventure sports enthusiasts on the rise, the consumption of tape to aid performance and for preventive protection during exercises and matches has surged significantly. Major international sporting leagues and competitions further inspire people to take up the involved sports which indirectly supports higher tape sales. Frequent product innovations catering to different sporting needs have also kept customers engaged with the category.

Emergence of the DIY trend and easy accessibility

Earlier access to specialized sports gear including athletic tape used to be limited to professional athletes and high performance centers. However, nowadays consumers are exhibiting a strong DIY attitude and desire to self-care for minor injuries at home or during casual activities. The rising influence of social media where people widely share details of their fitness routines and lifestyle has made sports tapes popular even for everyday support and care. Brands have responded by formulating easy to use tape variants which do not require expert application. Likewise, e-commerce platforms offering tape products with just a few clicks have enabled hassle free shopping and boosted impulse purchases. Even general retail stores from pharmacies to supermarkets now shelve tapes for ankle, knee, etc. injuries. Together, the do-it-yourself movement as well as increased visibility and proximity of athletic tapes have brought the products to the mainstream attracting a varied set of recreative and casual users not just serious athletes. This expansion of target base has been a notable driver expanding the overall tape market size beyond the dedicated sports industry.

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