The knife market in China is expected to reach a projected revenue of US$ 476.6 million by 2030. A compound annual growth rate of 6.8% is expected of China knife market from 2022 to 2030.
The China knife market generated a revenue of USD 263.6 million in 2021 and is expected to reach USD 476.6 million by 2030.
The China market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
In terms of segment, steel was the largest revenue generating material in 2021.
Ceramic is the most lucrative material segment registering the fastest growth during the forecast period.
Knife market data book summary
Market revenue in 2021
USD 263.6 million
Market revenue in 2030
USD 476.6 million
Growth rate
6.8% (CAGR from 2021 to 2030)
Largest segment
Steel
Fastest growing segment
Ceramic
Historical data
2017 - 2020
Base year
2021
Forecast period
2022 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Steel, Titanium, Ceramic
Key market players worldwide
Stanley Black & Decker, Gerber Life Insurance Company, Milwaukee Tool, Apex Tool Group, Olfa, Hyde Tools, U.S. Blade, Q.E.P. Co Inc, Klein Tools
Other key industry trends
In terms of revenue, China accounted for 6.9% of the global knife market in 2021.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China knife market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 349.4 million by 2030.
The knife market in China is expanding due to the rising demand for fashionable, sleek, and comfortable knives. Steel knives are becoming more popular due to their ease of use in a variety of applications, including cooking, sports, and adventure activities. This tendency will continue to drive innovation and new product development, resulting in market expansion.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Knife Market Outlook will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 61.76% in 2021.
Horizon Databook has segmented the China knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The knife market in China is expanding due to the rising demand for fashionable, sleek, and comfortable knives. Steel knives are becoming more popular due to their ease of use in a variety of applications, including cooking, sports, and adventure activities. This tendency will continue to drive innovation and new product development, resulting in market expansion.
China Knife Market Material Outlook (Revenue, USD Million , 2017-2030)
Steel
Titanium
Ceramic
Others
China Knife Market Type Outlook (Revenue, USD Million , 2017-2030)
Folding Blade
Fixed Blade
Side Slide
China Knife Market Application Outlook (Revenue, USD Million , 2017-2030)
Kitchen
Survival/Hunting/Adeventure/Tactical
Weapon
Sports
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the China Knife Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Knife Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.