Market Overview:
The global retractable utility knives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for retractable utility knives in commercial and household applications. In terms of type, the plastic shell segment is expected to dominate the global retractable utility knives market during the forecast period. This can be attributed to its low cost and lightweight nature as compared to metal shell and other types of retractable utility knives. In terms of application, commercial applications are expected to account for a larger share of the global retractable utility knives market during the forecast period as compared to household applications.
Product Definition:
A retractable utility knife is a handheld tool that has a blade that can be extended and retracted. This type of knife is often used for cutting materials like cardboard, plastic, or metal. Retractable knives are also known as folding knives because the blade folds into the handle when not in use.
Plastic Shell:
Plastic shell is a thin, protective cover that is placed over the blade of a retractable utility knife. It helps to prevent scratches on furniture and other household items when the knife is put away. The product also serves as an excellent protection against rust and corrosion, which are two of the most common problems affecting retractable utensil knives.
The global plastic shell market size was valued at USD 648 million in 2016.
Metal Shell:
Metal shell is a protective covering that protects the blade and also adds aesthetic value to the product. The metal shell market is segmented on the basis of application into construction, food & beverage, medical & surgical, military & defense and others. Construction was one of the largest application segments for metal shell in 2014 owing to high demand from retractable utility knives industry.
Application Insights:
The household application segment accounted for the largest revenue share of over 60% in 2017. The growing trend of urbanization has led to an increase in the number of households, which has subsequently increased demand for retractable utility knives across regions. The commercial application segment is expected to witness significant growth over the forecast period owing to rising construction activities and rapid development in tourism sector. Rapidly expanding hospitality industry across regions, especially Asia Pacific and Middle East & Africa is projected to drive product demand over the next few years.
Retractable utility knives are used by electricians, plumbers, pipefitters and others on a daily basis as they offer ease of use while working under tight spaces or bending down at awkward angles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and urbanization resulting in increased spending on household maintenance tasks. Growing construction activities due to rapid urbanization have led to an increase in demand for utility knives across Asia Pacific region.
The North American market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing rising awareness regarding retractable utility knives among consumers especially those living alone such as students or working professionals with little time for kitchen chores.
Growth Factors:
- Increasing demand for retractable utility knives in the construction and manufacturing industries for precision cutting purposes.
- Rising popularity of retractable utility knives as a key tool for DIY enthusiasts and homeowners for a variety of applications such as carpentry, plumbing, and electrical work.
- Growing demand from the military and law enforcement agencies owing to the knife's compact size, easy portability, and versatile functionality.
- Technological advancements in the design of retractable utility knives that offer enhanced safety features and improved performance over traditional blades.
- Increasing awareness about the benefits of using retractable utility knives among consumers, which is likely to boost adoption rates in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Retractable Utility Knives Market Research Report
By Type
Plastic Shell, Metal Shell, Other
By Application
Commercial, Household
By Companies
Stanley, Xingwei Cutting-Tools, Apex Tool Group, Snap-on Inc, Tajima Tool, Milwaukee Tool, Great Star, Wurth Group, MARTOR, Channellock, Stanley, Great Wall Precision, JETECH
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Retractable Utility Knives Market Report Segments:
The global Retractable Utility Knives market is segmented on the basis of:
Types
Plastic Shell, Metal Shell, Other
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
Commercial, Household
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:
- Stanley
- Xingwei Cutting-Tools
- Apex Tool Group
- Snap-on Inc
- Tajima Tool
- Milwaukee Tool
- Great Star
- Wurth Group
- MARTOR
- Channellock
- Stanley
- Great Wall Precision
- JETECH
Highlights of The Retractable Utility Knives 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:
- Plastic Shell
- Metal Shell
- Other
- By Application:
- Commercial
- Household
- 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 Retractable Utility Knives 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
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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?
Retractable utility knives are a type of knife that can be retracted into the handle, making it easier to carry and store. They typically have a variety of features, such as serrated blades and locking mechanisms, that make them versatile tools for a variety of tasks.
Some of the key players operating in the retractable utility knives market are Stanley, Xingwei Cutting-Tools, Apex Tool Group, Snap-on Inc, Tajima Tool, Milwaukee Tool, Great Star, Wurth Group, MARTOR, Channellock, Stanley, Great Wall Precision, JETECH.
The retractable utility knives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Retractable Utility Knives 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 Retractable Utility Knives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Retractable Utility Knives 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 Retractable Utility Knives 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 Retractable Utility Knives Market Size & Forecast, 2018-2028
4.5.1 Retractable Utility Knives Market Size and Y-o-Y Growth
4.5.2 Retractable Utility Knives Market Absolute $ Opportunity
Chapter 5 Global Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Type
5.2.1 Plastic Shell
5.2.2 Metal Shell
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Retractable Utility Knives 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 Retractable Utility Knives 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 Retractable Utility Knives Analysis and Forecast
9.1 Introduction
9.2 North America Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Type
9.6.1 Plastic Shell
9.6.2 Metal Shell
9.6.3 Other
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 Retractable Utility Knives Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Household
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 Retractable Utility Knives Analysis and Forecast
10.1 Introduction
10.2 Europe Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Type
10.6.1 Plastic Shell
10.6.2 Metal Shell
10.6.3 Other
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 Retractable Utility Knives Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Household
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 Retractable Utility Knives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Type
11.6.1 Plastic Shell
11.6.2 Metal Shell
11.6.3 Other
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 Retractable Utility Knives Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Household
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 Retractable Utility Knives Analysis and Forecast
12.1 Introduction
12.2 Latin America Retractable Utility Knives 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 Retractable Utility Knives Market Size Forecast by Type
12.6.1 Plastic Shell
12.6.2 Metal Shell
12.6.3 Other
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 Retractable Utility Knives Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Household
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) Retractable Utility Knives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Retractable Utility Knives 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) Retractable Utility Knives Market Size Forecast by Type
13.6.1 Plastic Shell
13.6.2 Metal Shell
13.6.3 Other
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) Retractable Utility Knives Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Household
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 Retractable Utility Knives Market: Competitive Dashboard
14.2 Global Retractable Utility Knives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stanley
14.3.2 Xingwei Cutting-Tools
14.3.3 Apex Tool Group
14.3.4 Snap-on Inc
14.3.5 Tajima Tool
14.3.6 Milwaukee Tool
14.3.7 Great Star
14.3.8 Wurth Group
14.3.9 MARTOR
14.3.10 Channellock
14.3.11 Stanley
14.3.12 Great Wall Precision
14.3.13 JETECH
