Market Overview:
The global utility knives market is estimated to account over 70% of market share in 2018. Snap-off knives are estimated to account over 70% of market share in 2018. The commercial application holds an important share in terms of utility knives' applications with a market share of about 80%. Asia Pacific is expected to be the fastest growing region during the forecast period.
Product Definition:
A Utility Knife is a handheld knife that is designed for general purpose use. It typically has a blade that is between 3 and 5 inches long, and it can be used for a variety of tasks, including cutting rope, slicing vegetables, and opening boxes. Utility knives are an important tool in the kitchen, the workshop, and the garage. They can be used to perform a wide range of tasks safely and efficiently.
Snap-off Knives:
The global snap-off knives market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for utility knives across various industries such as food & beverages, construction, automotive, and electronics is anticipated to drive the growth of this market during the forecast period.
Retractable Knives:
Retractable knives are a combination of fixed and retractable blade knife. It is a single-edge, folding knife with one or more blades attached to an elongated handle. The blades can be extended from the closed position to the open position by means of mechanical systems or manually via a button or lever. Some retractable knives have one blade while some have two or three blades (known as triple-enders).
Application Insights:
The commercial application segment is estimated to expand at a CAGR of XX% from 2018 to 2030 owing to the rising demand for utility knives in construction, automotive and electronics industries. Utility knives are used by carpenters, electricians and plumbers for various purposes including cutting through metal, plastic pipes & wires and drywall. The product has numerous applications in the construction industry which includes wall mountings, ceiling installations or repairs as well as door installation or repair among others. In addition, it is also used by chefs for precise cuts on vegetables & fruits making them easier to prepare meals with ease.
The household application segment accounted for about 21% of market share in terms of revenue in 2017 due to increasing penetration rate of electricity supply across developing countries such as India & China along with high income economies such as U.K.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region with a CAGR of XX% from 2018 to 2030. The increasing number of construction activities in developing countries such as India and China are expected to drive the utility knife market demand over the forecast period. Furthermore, rising disposable income coupled with an expanding middle-class population group in these countries will boost product sales further driving growth through 2024.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast period on account of growing construction activities along with increased spending on home improvement projects such as painting, woodworking, tiling etc.
Europe accounted for a major share followed by Asia Pacific.
Growth Factors:
- Increasing demand for multipurpose knives in the household and professional sectors
- Rising popularity of utility knives as a key tool for DIY projects
- Growing trend of using custom-made or personalized knives
- Proliferation of online retail platforms that offer a wide range of knife models and brands at competitive prices
- Advances in knife manufacturing technology that result in better quality, more durable blades
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Knives Market Research Report
By Type
Snap-off Knives, Retractable Knives, Fixed Blade Knives, Snap-off knives are estimated to account over 70% of market share in 2018.
By Application
Commercial, Household, Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
By Companies
Stanley, Xingwei Cutting-Tools, Apex Tool Group, Snap-on Inc, Tajima Tool, Milwaukee Tool, Great Star, Wurth Group, MARTOR, Channellock, Pro'skit, 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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Utility Knives Market Report Segments:
The global Utility Knives market is segmented on the basis of:
Types
Snap-off Knives, Retractable Knives, Fixed Blade Knives, Snap-off knives are estimated to account over 70% of market share in 2018.
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, Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
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
- Pro'skit
- Great Wall Precision
- JETECH
Highlights of The 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:
- Snap-off Knives
- Retractable Knives
- Fixed Blade Knives
- Snap-off knives are estimated to account over 70% of market share in 2018.
- By Application:
- Commercial
- Household
- Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
- 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 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
- 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?
Utility knives are a type of knife that is designed for general use. They are typically made from high-quality materials and have features that make them versatile and easy to use.
Some of the key players operating in the utility knives market are Stanley, Xingwei Cutting-Tools, Apex Tool Group, Snap-on Inc, Tajima Tool, Milwaukee Tool, Great Star, Wurth Group, MARTOR, Channellock, Pro'skit, Great Wall Precision, JETECH.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Utility Knives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Utility Knives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Utility Knives Market - Supply Chain
4.5. Global Utility Knives Market Forecast
4.5.1. Utility Knives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Utility Knives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Utility Knives Market Absolute $ Opportunity
5. Global Utility Knives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Utility Knives Market Size and Volume Forecast by Type
5.3.1. Snap-off Knives
5.3.2. Retractable Knives
5.3.3. Fixed Blade Knives
5.3.4. Snap-off knives are estimated to account over 70% of market share in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Utility Knives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Utility Knives Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Household
6.3.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Utility Knives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Utility Knives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Utility Knives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Utility Knives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Utility Knives Demand Share Forecast, 2019-2026
9. North America Utility Knives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Utility Knives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Utility Knives Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Household
9.4.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Utility Knives Market Size and Volume Forecast by Type
9.7.1. Snap-off Knives
9.7.2. Retractable Knives
9.7.3. Fixed Blade Knives
9.7.4. Snap-off knives are estimated to account over 70% of market share in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Utility Knives Demand Share Forecast, 2019-2026
10. Latin America Utility Knives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Utility Knives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Utility Knives Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Household
10.4.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Utility Knives Market Size and Volume Forecast by Type
10.7.1. Snap-off Knives
10.7.2. Retractable Knives
10.7.3. Fixed Blade Knives
10.7.4. Snap-off knives are estimated to account over 70% of market share in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Utility Knives Demand Share Forecast, 2019-2026
11. Europe Utility Knives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Utility Knives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Utility Knives Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Household
11.4.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Utility Knives Market Size and Volume Forecast by Type
11.7.1. Snap-off Knives
11.7.2. Retractable Knives
11.7.3. Fixed Blade Knives
11.7.4. Snap-off knives are estimated to account over 70% of market share in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Utility Knives Demand Share, 2019-2026
12. Asia Pacific Utility Knives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Utility Knives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Utility Knives Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Household
12.4.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Utility Knives Market Size and Volume Forecast by Type
12.7.1. Snap-off Knives
12.7.2. Retractable Knives
12.7.3. Fixed Blade Knives
12.7.4. Snap-off knives are estimated to account over 70% of market share in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Utility Knives Demand Share, 2019-2026
13. Middle East & Africa Utility Knives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Utility Knives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Utility Knives Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Household
13.4.3. Commercial application holds an important share in terms of utility knives' applications with a market share of about 80% in 2018.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Utility Knives Market Size and Volume Forecast by Type
13.7.1. Snap-off Knives
13.7.2. Retractable Knives
13.7.3. Fixed Blade Knives
13.7.4. Snap-off knives are estimated to account over 70% of market share in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Utility Knives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Utility Knives Market: Market Share Analysis
14.2. Utility Knives Distributors and Customers
14.3. Utility Knives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xingwei Cutting-Tools
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Apex Tool Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Snap-on Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tajima Tool
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Milwaukee Tool
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Great Star
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wurth Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MARTOR
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Channellock
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pro'skit
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Great Wall Precision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JETECH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
