What is the global market size of Knife Market?

Knife Market size was valued at USD 3.91 billion in 2021 and is poised to grow from USD 4.16 billion in 2022 to USD 6.5 billion by 2030, growing at a CAGR of 6.18% in the forecast period (2023-2030).

Knife Market Size, Share, Growth Analysis, By Delivery(Web-based (On-demand), Licensed Enterprise (On-premises), Cloud-based (SaaS)), By Product(Software, Services), By Deployment(Enterprise-wide CTMS, On-Site CTMS), By End User(Large Pharma-biotech Companies, Small & Mid-sized Pharma-biotech Companies, Medical Device Manufacturers, Contract Research Organization (CROs)), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30K2037 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 127 | Figures: 77

Knife Market News

In February 2022, Klein Tools recently announced a partnership with Trade Hounds, a leading network for professional and skilled tradespeople in the United States. This partnership reflects Klein Tools' commitment to attracting, celebrating, and providing resources to skilled trade workers. Through the partnership, Klein Tools will offer educational and promotional content to the Trade Hounds community, including access to exclusive events and product offerings.

In November 2021, Crescent Tools has recently redesigned its Crescent Wiss Camo Tradesman Shears and Crescent Camo Pocket Knife, two cutting tools that are ideal for outdoor activities such as camping, hunting, fishing, and boating. The revamped tools feature a camouflage design and are made of high-quality materials for durability and precision cutting. The Crescent Wiss Camo Tradesman Shears are designed to cut through tough materials, while the Crescent Camo Pocket Knife is a versatile cutting tool that can be used for a variety of tasks.

In June 2021, Peak Spec has launched an innovative multipurpose pocketknife that is both sleek and functional. The foldable pocket knife is designed for hardcore cutting tasks in the woods, but its elegant design also makes it a stylish addition to one's ensemble. The knife features a durable blade and a comfortable grip, making it easy to use for a variety of outdoor activities. With its sleek and stylish design, the Peak Spec multipurpose pocketknife is the perfect accessory for anyone who loves spending time outdoors.

Knife Market Report Snapshots

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Knife Market size was valued at USD 4.30 billion in 2022 and is poised to grow from USD 4.54 billion in 2023 to USD 7.27 billion by 2031, growing at a CAGR of 6.18% in the forecast period (2024-2031).

The global knives market is highly competitive, with numerous players vying for market share. Some of the key players in the market include Zwilling J.A. Henckels, Wüsthof, Victorinox, and Global Knives. These companies have a strong brand presence and are known for their high-quality products, which has helped them to establish a loyal customer base. 'Zwilling J.A. Henckels (Germany)', 'Wüsthof (Germany)', 'Victorinox (Switzerland)', 'Global Knives (Japan)', 'Shun Cutlery (Japan)', 'Miyabi (Japan)', 'MAC Knives (Japan)', 'Tojiro (Japan)', 'Dexter-Russell (US)', 'Mercer Culinary (US)', 'Columbia Cutlery (US)', 'Cutco (US)', 'KAI Group (Japan)', 'Fiskars Corporation (Finland)', 'Havalon Knives (US)', 'Morakniv (Sweden)', 'Gerber Gear (US)', 'Benchmade Knife Company (US)', 'Buck Knives (US)', 'Cold Steel (US)'

One of the key drivers of the market is the increasing demand for high-quality knives in the food and hospitality industry. The rise in the number of restaurants, hotels, and cafes has led to a surge in demand for specialized knives, such as chef's knives, which are essential for food preparation. The growing trend of home cooking and the popularity of cooking shows have also fueled the demand for high-quality knives, as consumers seek to replicate the dishes they see on television.

One of the major trends is the increasing demand for multipurpose knives that can be used for a variety of tasks. Consumers are looking for knives that are versatile and can be used for both indoor and outdoor activities, such as cooking, camping, and hiking. As a result, manufacturers are developing knives with a range of features, such as serrated edges, ergonomic handles, and folding mechanisms, to meet the needs of consumers.

North America and Europe are the two largest markets for knives, accounting for a significant portion of the overall market share. These regions are characterized by a high demand for high-quality knives in the food and hospitality industry, as well as a growing trend of outdoor activities such as camping and hiking. The availability of knives in different shapes, sizes, and materials has also contributed to the growth of the market in these regions. In addition, the increasing popularity of cooking shows and food blogs has fueled the demand for specialized knives in these regions.

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