North America Knife Market Size & Outlook, 2021-2030
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North America knife market highlights
- The North America knife market generated a revenue of USD 995.3 million in 2021.
- The market is expected to grow at a CAGR of 6.3% 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, Mexico is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 995.3 million |
| Market revenue in 2030 | USD 1,718.7 million |
| Growth rate | 6.3% (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, North America region accounted for 26.1% 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 60.9% in 2021. Horizon Databook has segmented the North America knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for stylish, sleek, and comfortable knives is fueling the growth of the market. There has been a rising preference for knives made from steel as these are easy to handle for various applications, including kitchen, sporting, and adventure. This trend will continue to drive innovation and new product development among players, thereby fueling the market growth.
High-carbon stainless-steel knives are tougher and more durable, making them reliable for outdoor applications like adventures and camping. Additionally, knives made from stainless steel are low maintenance and are not sensitive to external factors such as acids. This characteristic is likely to drive the segment growth.
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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 |
North America knife market size, by country, 2017-2030 (US$M)
North America Knife Market Outlook Share, 2021 & 2030 (US$M)
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