Market Overview:
Butterfly knives are folding knives that have two blades that rotate around the handle. The knife gets its name from the butterfly-like motion of its two blades. Butterfly knives are popular because they can be easily concealed and offer a lot of versatility when it comes to blade shapes. They are also known as Balisongs, which is a trademarked name for the butterfly knife made by Benchmade Knife Company. The global butterfly knife market is expected to grow at a CAGR of 5% during the forecast period 2018-2030. The growth in this market can be attributed to factors such as rising demand for tactical gear and accessories, increasing popularity of martial arts and gaming, and growing urbanization across the globe. In terms of type, carbon steel segment is expected to lead the global butterfly knife market during the forecast period owing to its high strength-to-weight ratio and corrosion resistance properties.
Product Definition:
A butterfly knife is a type of folding knife with two handles that rotate around the blade to open and close the knife. The flipping motion of the handles causes the blade to rotate out from the handle, then back into it, locking into place.
Carbon Steel:
Carbon steel is also known as iron carbon steel. It has a low melting point and thus can be easily sharpened and bent. It gives the blade a springy feel when pushed or cut with it's flexibility. Carbon steel is used to produce inexpensive knives that are widely used in the kitchen, but due to it's low cost, high-quality steels are preferred by professional knife makers too.
stainless Steel:
Stainless steel is a type of steel that has been alloyed with chromium and nickel. The combination of these metals makes the product hard, corrosion-resistant, and antibacterial. It also gives it an added advantage over carbon steel in terms of flexibility and strength.
The global market for stainless steel knives is driven by factors such as increasing disposable income among middle class professionals along with high demand from developing countries like India, China, Vietnam, Brazil etc.
Application Insights:
The military application segment accounted for the largest share of over 50% in 2017. The use of butterfly knives by armed forces is expected to drive the product demand in this segment. The accessories segment is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising product adoption as an ornamental piece among collectors and fans worldwide.
The others application category includes hunting, farming and gardening, which was valued over USD 100 million in 2017 owing to increasing demand from countries such as China, India, Brazil and Australia where these products are used for household purposes ornaments or collector¢â‚¬â„¢s items among other uses such as self-defense against bears or wolves on farms across North America and Europe.
Regional Analysis:
North America dominated the global market in 2017 owing to increasing demand for butterfly knives from military and law enforcement applications. The U.S., being the largest consumer of arms and ammunition, is a key market for these products in this region. Moreover, rising popularity of outdoor activities such as camping, hiking, fishing has led to an increase in demand for these knives across this region which is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rise in disposable income coupled with growing population especially along with changing lifestyles resulting into increased spending on leisure goods including accessories such as butterfly knife which are used at parties or celebrations among friends and colleagues etc.; hence driving product sales across this region.
Growth Factors:
- Increasing urbanization and disposable income: The global population is increasingly moving towards the cities, which is resulting in the growth of the middle class. This is leading to an increase in discretionary spending, thereby driving demand for butterfly knives.
- Rising popularity of extreme sports: There has been a surge in the popularity of extreme sports such as parkour and freerunning over the past few years. This has led to an increase in demand for butterfly knives among enthusiasts of these sports.
- Growing trend of DIY (Do It Yourself) projects: A growing number of people are taking up DIY projects as a way to save money and customize their belongings according to their own preferences. This is fueling demand for butterfly knives, which can be used for a variety of purposes such as cutting rope, opening boxes, etc..
- Technological advancements: Butterfly knife manufacturers are constantly innovating their products in order to meet the needs of consumers. For instance, some manufacturers have started offering butterfly knives that come with built-in LED lights or other features that make them more user-friendly .This is helping to drive growth in the market for butterfly knives .
Scope Of The Report
Report Attributes
Report Details
Report Title
Butterfly Knife Market Research Report
By Type
Carbon Steel, stainless Steel, Titanium Alloy, Others
By Application
Accessories, Military, Game, Others
By Companies
Maxace, Benchmade, The One, Spyderco, Kershaw Knives, C.R.K.T, Gerber, SOG, Cold Steel, Boker, Homdesign, Squid Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Butterfly Knife Market Report Segments:
The global Butterfly Knife market is segmented on the basis of:
Types
Carbon Steel, stainless Steel, Titanium Alloy, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Accessories, Military, Game, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Maxace
- Benchmade
- The One
- Spyderco
- Kershaw Knives
- C.R.K.T
- Gerber
- SOG
- Cold Steel
- Boker
- Homdesign
- Squid Industries
Highlights of The Butterfly Knife Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Steel
- stainless Steel
- Titanium Alloy
- Others
- By Application:
- Accessories
- Military
- Game
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Butterfly Knife Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A butterfly knife is a type of pocketknife that has a blade that opens automatically by pivoting on an axis near the handle.
Some of the key players operating in the butterfly knife market are Maxace, Benchmade, The One, Spyderco, Kershaw Knives, C.R.K.T, Gerber, SOG, Cold Steel, Boker, Homdesign, Squid Industries.
The butterfly knife market is expected to grow at a compound annual growth rate of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Butterfly Knife Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Butterfly Knife Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Butterfly Knife Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Butterfly Knife Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Butterfly Knife Market Size & Forecast, 2018-2028
4.5.1 Butterfly Knife Market Size and Y-o-Y Growth
4.5.2 Butterfly Knife Market Absolute $ Opportunity
Chapter 5 Global Butterfly Knife Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Butterfly Knife Market Size Forecast by Type
5.2.1 Carbon Steel
5.2.2 stainless Steel
5.2.3 Titanium Alloy
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Butterfly Knife Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Butterfly Knife Market Size Forecast by Applications
6.2.1 Accessories
6.2.2 Military
6.2.3 Game
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Butterfly Knife Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Butterfly Knife Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Butterfly Knife Analysis and Forecast
9.1 Introduction
9.2 North America Butterfly Knife Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Butterfly Knife Market Size Forecast by Type
9.6.1 Carbon Steel
9.6.2 stainless Steel
9.6.3 Titanium Alloy
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Butterfly Knife Market Size Forecast by Applications
9.10.1 Accessories
9.10.2 Military
9.10.3 Game
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Butterfly Knife Analysis and Forecast
10.1 Introduction
10.2 Europe Butterfly Knife Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Butterfly Knife Market Size Forecast by Type
10.6.1 Carbon Steel
10.6.2 stainless Steel
10.6.3 Titanium Alloy
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Butterfly Knife Market Size Forecast by Applications
10.10.1 Accessories
10.10.2 Military
10.10.3 Game
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Butterfly Knife Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Butterfly Knife Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Butterfly Knife Market Size Forecast by Type
11.6.1 Carbon Steel
11.6.2 stainless Steel
11.6.3 Titanium Alloy
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Butterfly Knife Market Size Forecast by Applications
11.10.1 Accessories
11.10.2 Military
11.10.3 Game
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Butterfly Knife Analysis and Forecast
12.1 Introduction
12.2 Latin America Butterfly Knife Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Butterfly Knife Market Size Forecast by Type
12.6.1 Carbon Steel
12.6.2 stainless Steel
12.6.3 Titanium Alloy
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Butterfly Knife Market Size Forecast by Applications
12.10.1 Accessories
12.10.2 Military
12.10.3 Game
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Butterfly Knife Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Butterfly Knife Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Butterfly Knife Market Size Forecast by Type
13.6.1 Carbon Steel
13.6.2 stainless Steel
13.6.3 Titanium Alloy
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Butterfly Knife Market Size Forecast by Applications
13.10.1 Accessories
13.10.2 Military
13.10.3 Game
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Butterfly Knife Market: Competitive Dashboard
14.2 Global Butterfly Knife Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Maxace
14.3.2 Benchmade
14.3.3 The One
14.3.4 Spyderco
14.3.5 Kershaw Knives
14.3.6 C.R.K.T
14.3.7 Gerber
14.3.8 SOG
14.3.9 Cold Steel
14.3.10 Boker
14.3.11 Homdesign
14.3.12 Squid Industries
