Middle East & Africa Knife Market Size & Outlook
Related Markets
MEA knife market highlights
- The MEA knife market generated a revenue of USD 485.5 million in 2021.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 485.5 million |
| Market revenue in 2030 | USD 712.5 million |
| Growth rate | 4.4% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Ceramic |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, MEA region accounted for 12.7% of the global knife market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,564.1 million by 2030.
Steel was the largest segment with a revenue share of 59.67% in 2021. Horizon Databook has segmented the Middle East & Africa knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Knives are an essential tool used for a variety of tasks. The region's growing food-service business is expected to have a positive impact on the demand for kitchen knives, thereby fueling the overall knife market.These knives are extremely light, making them very easy to wield.
The blades are also exceedingly thin, allowing the cutting of fruits and vegetables into extremely thin slices. These knives maintain their sharpness for a long time. These factors are expected to boost demand for ceramic knives in the region throughout the forecast period.
There is a high demand for kitchen knives, driven by an increase in their application in residential and commercial kitchens. The rising number of restaurants and other types of commercial eateries across the region is expected to drive the demand for kitchen knives over the forecast period.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Klein Tools | View profile | 1001-5000 | Lincolnshire, Illinois, United States, North America | https://www.kleintools.com/ |
| U.S. Blade | View profile | 11-50 | Cranford, New Jersey, United States, North America | http://usblade.com |
| Hyde Tools | View profile | 11-50 | Southbridge, Massachusetts, United States, North America | https://hydetools.com/ |
| Olfa | View profile | 11-50 | Osaka, Osaka, Japan, Asia | https://www.olfa.co.jp/en/ |
| Apex Tool Group | View profile | 5001-10000 | Sparks Glencoe, Maryland, United States, North America | http://www.apextoolgroup.com/ |
| Milwaukee Tool | View profile | 10001+ | Brookfield, Wisconsin, United States, North America | https://www.milwaukeetool.com |
| Q.E.P. Co Inc | View profile | 714 | 1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, United States, 33487 | https://www.qep.com |
| Gerber Life Insurance Company | View profile | 251-500 | Fremont, Missouri, United States, North America | http://gerberlife.com |
| Stanley Black & Decker | View profile | 50500 | 1000 Stanley Drive, New Britain, CT, United States, 06053 | https://www.stanleyblackanddecker.com |
MEA knife market size, by country, 2017-2030 (US$M)
Middle East & Africa Knife Market Outlook Share, 2021 & 2030 (US$M)
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