Asia Pacific Knife Market Size & Outlook, 2021-2030
Asia Pacific knife market, 2017-2030 (US$M)
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Asia Pacific knife market highlights
- The Asia Pacific knife market generated a revenue of USD 844.9 million in 2021.
- The market is expected to grow at a CAGR of 7.1% 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, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 844.9 million |
| Market revenue in 2030 | USD 1,564.1 million |
| Growth rate | 7.1% (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, Asia Pacific region accounted for 22.2% 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 61.37% in 2021. Horizon Databook has segmented the Asia Pacific knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Over the forecast period, from 2022 to 2030, the Asia Pacific region is predicted to grow the fastest in knife market. The increased popularity of hand-forged knives in nations such as India, Myanmar, and Bangladesh can be ascribed to this increase in demand for knives in the region. Furthermore, in nations such as Japan and China, the popularity of specialty knives, such as the Japanese set of knives, used in cooking, is also growing.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific knife market size, by country, 2017-2030 (US$M)
Asia Pacific Knife Market Outlook Share, 2021 & 2030 (US$M)
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