Knife Market, By Product Type (Retractable Knife, Fixed Knife, Snap-off Knife, Safety Knife, Folding Knife, Specialty Knife, Carpet Knife, Hobby Knife, and Others), By Distribution Channel (Home Center & Hardware, Mass Retail, E-commerce, and Others), and

A knife is a tool with a cutting edge attached to a handle. Various types of knives are available in the market such as kukri, bushcraft, balisongs, hunting knives, retractable knives, snap-off knives, specialty knives, carpet knives, machete, pocket knives, whittling, safety knives, folding knives, Scandinavian knives, bowie knife, survival knife, skinning, fighting knives, trench knife, bayonets, boot knives, etc. Knife blades are also available in various materials such as stainless steel, carbon steel, titanium, ceramic, and plastic. Stainless steel is the most common material used in knives.

Market Dynamics

Among distribution channels, e-commerce distribution channels are expected to gain traction during the forecast period. Increasing internet penetration in emerging economies such as China and India, ease in comparing prices, review of products, and ease of delivery through e-commerce sites are major factors driving growth of the segment. For instance, according to the Internet and Mobile Association of India (IAMAI), the number of internet users in India reached 500 million in June 2018. Furthermore, the mass retail distribution channel is estimated to account for a significant market share in the global knife market. The global mass retail market is highly fragmented with over 250 major retail players, worldwide. According to the National Retail Federation (U.S.), top 10 retailers had a market share of over 30% as of 2018 and they compete for higher market capitalization at a global level. According to the same source, Walmart leads the mass retail business with a global revenue of US$ 500.34 Bn in 2018. Wide range of product offerings and discounts make mass retailer’s the best choice for customers. Mass retailers offer different types of knives such as fixed, retractable, snap-off, safety, folding, specialty, carpet and hobby of major manufacturers such as Stanley, Milwaukee, Irwin, WorkPro, Dewalt, Pacific Handy Cutter, Olfa, and others.

Among regions, Asia Pacific is expected to hold dominant position in the market during the forecast period owing to presence of a large construction industry in the region. Retractable and folding knives are utilized majorly in the construction industry, as a result growth of the construction industry is expected to drive demand for the knives market in Asia Pacific. For instance, according to the Global Construction 2030 perspective and Oxford Economies, in 2016, the global construction industry was valued at US$ 9.5 trillion which is expected to grow by 85% to US$ 17.5 trillion by 2030 with China, the U.S., and India accounting for 57% of the global share. Moreover, according to India Brand Equity Foundation, by 2025, India is expected to overtake Japan as the third largest construction market with growth averaging 7.4%, annually.

Key features of the study:

• This report provides in-depth analysis of knife market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2025 – 2032), considering 2024 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global knife market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Olfa Corporation, Stanley Black & Decker, Inc., Milwaukee Electric Tool Corporation, Irwin Industrial Tools, Workpro, DeWalt, Pacific Handy Cutter Inc., Hyde Tools Inc., Craftsman, U.S. Blade Manufacturing Co. Inc., Roberts Consolidated Industries, Inc., Q.E.P. Co., Inc., Apex Tool Group, LLC, Fiskars Group, and Klein Tools, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up-gradation, market expansion, and marketing tactics
• The global knife market report caters to various stakeholders in this industry including investors, suppliers, knife manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the knife market

• Global Knife Market, By Product Type:
• Retractable Knife
• Fixed Knife
• Snap-off Knife
• Safety Knife
• Folding Knife
• Specialty Knife
• Carpet Knife
• Hobby Knife
• Others
• Global Knife Market, By Distribution Channel:
• Home Center & Hardware
• Mass Retail
• E-commerce
• Others
• Global Knife Market, By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
• Company Profiles
• Olfa Corporation
• Stanley Black & Decker, Inc.
• Milwaukee Electric Tool Corporation
• Irwin Industrial Tools
• Workpro
• DeWalt
• Pacific Handy Cutter Inc.
• Hyde Tools, Inc.
• Craftsman.
• U.S. Blade Manufacturing Co. Inc.
• Roberts Consolidated Industries, Inc.
• Q.E.P. Co., Inc.
• Apex Tool Group, LLC
• Fiskars Group.
• Klein Tools, Inc.