×

Type to Explore

Knife Market Analysis: Comprehensive Study & Latest Trends
Home / Report Store / Consumer Lifestyle and Retail Services / Knife Market Research Report 2024

Knife Market Research Report 2024

Knife Market Global Industry Analysis And Forecast (2024- 2032) By Material (Steel, Titanium, Ceramic), Type (Folding Blade, Fixed Blade, Side Slide), Application (Kitchen, Survival/Hunting/Adventure/Tactical, Weapon, Sports) And Region

Published date: Sep 2024 Report ID: 384 Number of Pages: 250
Format:

Knife Market Synopsis

The Global Knife Market was worth USD 4.22 Billion in 2023. As such, the forecast is that the market is expected to reach USD 7.19 Billion by 2032 with a CAGR of 6.1% over the period from 2024 to 2032.

A knife is a cutting tool or weapon with a sharp blade attached to a handle. It's one of the oldest tools used by humans and can be found in countless forms, from the tiny paring knife used in the kitchen to the large hunting knife carried by adventurers.

The global knife market is a sprawling sector encompassing a diverse range of products, from everyday kitchen knives to specialized tools used in industries like surgery and manufacturing. Driven by factors such as population growth, urbanization, and changing consumer preferences, the market has witnessed steady growth in recent years.

Key segments within the knife market include kitchen knives, hunting knives, pocket knives, and industrial knives. Kitchen knives, particularly those made with high-quality materials like stainless steel and ceramic, have gained significant popularity due to their durability and performance. The hunting knife segment is primarily driven by outdoor enthusiasts and sportsmen, while pocket knives cater to a wide range of consumers seeking practical and versatile tools for everyday use. Industrial knives, including those used in manufacturing, construction, and food processing, are essential for various applications.

The global knife market is characterized by a competitive landscape with numerous players, ranging from established brands to smaller regional manufacturers. Factors such as product innovation, brand reputation, and distribution channels play a crucial role in determining market success. While traditional knives continue to dominate the market, there is a growing trend towards specialty knives designed for specific purposes, such as paring knives, bread knives, and steak knives.

Top Key Players Involved Are:

"Olfa Corporation; Stanley Black & Decker, Inc.; Milwaukee Tool; Gerber; GLOBAL; Hyde Tools, Inc.; U.S. Blade Manufacturing Company; Roberts Consolidated Industries, Inc.; Apex Tool Group, LLC; Klein Tools, Inc., and Other Active Players."

Knife Market Segment Analysis:

The Global Knife Market is Segmented into Material, Type, Applications, and Regions.

By Material, the Steel segment is expected to dominate the market during the forecast period.

  • Steel has long been the material of choice for knives, and its dominance in the market shows no signs of abating. Steel is renowned for its toughness and durability, making it capable of withstanding the rigors of daily use. Its strength ensures that blades maintain their sharpness over extended periods, reducing the need for frequent sharpening.
  • Steel is incredibly versatile, allowing for the creation of a wide range of knife types and styles. From delicate paring knives to robust cleavers, steel can be tailored to meet the specific needs of various applications.
  • Compared to other materials like titanium or ceramic, steel is generally more affordable, making it accessible to a wider range of consumers. This cost-effectiveness has contributed to its widespread adoption in both professional and domestic kitchens.
  • Steel has a long-standing tradition in knifemaking, and its familiarity and reputation have solidified its position as the preferred material for many. This cultural preference continues to drive demand for steel knives.

By Application, the Kitchen segment held the largest share in 2023.

  • The knife, a simple yet indispensable tool, has been a cornerstone of culinary practices for centuries. Within the vast landscape of the knife market, one segment reigns supreme: the kitchen knife. This unassuming blade, found in homes, restaurants, and professional kitchens worldwide, has carved out a dominant position due to its versatility, functionality, and enduring appeal.
  • The kitchen knife's supremacy can be attributed to its multifaceted role in food preparation. From chopping vegetables to slicing meats, from mincing herbs to preparing seafood, this single tool can handle a wide range of culinary tasks. Its sharp edge and ergonomic design make it efficient and comfortable to use, enhancing both the speed and precision of food preparation. Moreover, the kitchen knife's adaptability allows it to be used in various cooking styles and cuisines, making it a must-have for home cooks and professional chefs alike.
  • Beyond its practical applications, the kitchen knife also holds a cultural and emotional significance. It is often passed down through generations, becoming a cherished heirloom that symbolizes culinary traditions and family history. The act of using a well-crafted knife can evoke a sense of connection to the past and a deep appreciation for the art of cooking.

Knife Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The Asia Pacific region is poised to dominate the global knife market, driven by several key factors. The region's burgeoning population, particularly in countries like China and India, is fueling a surge in demand for kitchen knives and tools. As more people adopt a Western-style diet, the need for specialized knives for cooking and food preparation is increasing.
  • Asia Pacific region is experiencing rapid urbanization, leading to a rise in the number of households and restaurants. This growth in the food service industry is driving demand for high-quality knives that can withstand heavy usage and maintain sharpness over time. Additionally, the region's growing tourism sector is creating opportunities for the sale of souvenir knives and artisanal pieces.
  • Asia Pacific region has a strong tradition of craftsmanship and manufacturing excellence, particularly in countries like Japan and Taiwan. This expertise has enabled the region to produce a wide range of knives, from traditional Japanese blades to modern, high-tech designs. The reputation of Asia Pacific knives for their quality and durability has attracted customers from around the world.

Knife Market Top Key Players:

  • Olfa Corporation
  • Stanley Black & Decker, Inc.
  • Milwaukee Tool
  • Gerber,
  • GLOBAL
  • Hyde Tools, Inc.
  • S. Blade Manufacturing Company
  • Roberts Consolidated Industries, Inc.
  • Apex Tool Group LLC
  • Klein Tools, Inc., and Other Active Players.

Knife Market

Base Year:

2023

Forecast Period:

2024- 2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 4.22 Bn.

Forecast Period 2024-32 CAGR:

6.1%

Market Size in 2032:

USD 7.19 Bn.

Segments Covered:

By Material

  • Steel
  • Titanium
  • Ceramic

By Type

  • Folding Blade
  • Fixed Blade
  • Side Slide

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The popularity of cooking shows

Key Market Restraints:

  • Rising raw material costs

Key Opportunities:

  • Outdoor Activities and Survival

Companies Covered in the report:

  • Olfa Corporation; Stanley Black & Decker, Inc.; Milwaukee Tool; Gerber; GLOBAL; Hyde Tools, Inc.; U.S. Blade Manufacturing Company; and Other Active Players.

Chapter 1: Introduction

 1.1 Scope and Coverage



Chapter 2:Executive Summary



Chapter 3: Market Landscape

 3.1 Market Dynamics

  3.1.1 Drivers

  3.1.2 Restraints

  3.1.3 Opportunities

  3.1.4 Challenges

 3.2 Market Trend Analysis

 3.3 PESTLE Analysis

 3.4 Porter's Five Forces Analysis

 3.5 Industry Value Chain Analysis

 3.6 Ecosystem

 3.7 Regulatory Landscape

 3.8 Price Trend Analysis

 3.9 Patent Analysis

 3.10 Technology Evolution

 3.11 Investment Pockets

 3.12 Import-Export Analysis



Chapter 4: Knife Market by Material

 4.1 Knife Market Snapshot and Growth Engine

 4.2 Knife Market Overview

 4.3 Steel

  4.3.1 Introduction and Market Overview

  4.3.2 Historic and Forecasted Market Size in Value USD and

Frequently Asked Questions

What would be the forecast period in the Global Knife Market research report?

The forecast period in the Global Knife Market research report is 2024- 2032.

Who are the key players in the Global Knife Market?

Olfa Corporation; Stanley Black & Decker, Inc.; Milwaukee Tool; Gerber; GLOBAL; Hyde Tools, Inc.; U.S. Blade Manufacturing Company; Roberts Consolidated Industries, Inc.; Apex Tool Group, LLC; Klein Tools, Inc., and Other Active Players.

What are the segments of the Global Knife Market?

The Knife Market is Segmented into Material, Type, Applications, and Region. Material the market is categorized into (Steel, Titanium, Ceramic), Type the market is categorized into (Folding Blade, Fixed Blade, Side Slide), Application the market is categorized into (Kitchen, Survival/Hunting/Adventure/Tactical, Weapon, Sports). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Global Knife Market?

A knife is a cutting tool or weapon with a sharp blade attached to a handle. It's one of the oldest tools used by humans and can be found in countless forms, from the tiny paring knife used in the kitchen to the large hunting knife carried by adventurers.

How big is the Global Knife Market?

The Global Knife Market was worth USD 4.22 Billion in 2023. As such, the forecast is that the market is expected to reach USD 7.19 Billion by 2032 with a CAGR of 6.1% over the period from 2024 to 2032.

Purchase Benefits
  • Eligible for a free updated report
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours

Report ID: 384

Published Date: 2024-09-18

Number of Pages: 250

Speak To Analyst

Akshay Patil