The knife market in Japan is expected to reach a projected revenue of US$ 285.3 million by 2030. A compound annual growth rate of 7.7% is expected of Japan knife market from 2022 to 2030.
The Japan knife market generated a revenue of USD 146.5 million in 2021 and is expected to reach USD 285.3 million by 2030.
The Japan market is expected to grow at a CAGR of 7.7% 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 146.5 million
Market revenue in 2030
USD 285.3 million
Growth rate
7.7% (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, Japan accounted for 3.8% 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.
Japan has a long history of producing blades, from samurai swords to kitchen knives. Knives have cultural a significance in Japan. For instance, a Hocho-zuka is a burying mound for knives, which is erected in order to pray for better knife and cooking abilities. These cultural beliefs drive the market for knives in the region.
Moreover, Japanese kitchen knives are primarily built for slicing and are ideal for precision cutting. They are made of a single piece of steel. Such factors are fueling the demand for Japanese knives all around the world. In addition, most chefs and commercial kitchens in Japan prefer to cook with Japanese traditional knives rather than western blades, thus bolstering the market for knives in the region.
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 60.2% in 2021.
Horizon Databook has segmented the Japan knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Japan has a long history of producing blades, from samurai swords to kitchen knives. Knives have cultural a significance in Japan. For instance, a Hocho-zuka is a burying mound for knives, which is erected in order to pray for better knife and cooking abilities. These cultural beliefs drive the market for knives in the region.
Moreover, Japanese kitchen knives are primarily built for slicing and are ideal for precision cutting. They are made of a single piece of steel. Such factors are fueling the demand for Japanese knives all around the world. In addition, most chefs and commercial kitchens in Japan prefer to cook with Japanese traditional knives rather than western blades, thus bolstering the market for knives in the region.
Japan Knife Market Material Outlook (Revenue, USD Million , 2017-2030)
Steel
Titanium
Ceramic
Others
Japan Knife Market Type Outlook (Revenue, USD Million , 2017-2030)
Folding Blade
Fixed Blade
Side Slide
Japan 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 Japan Knife Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Knife Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.