Canada Knife Market Size & Outlook, 2021-2030
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Canada knife market highlights
- The Canada knife market generated a revenue of USD 71.7 million in 2021 and is expected to reach USD 117.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.6% 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 71.7 million |
| Market revenue in 2030 | USD 117.4 million |
| Growth rate | 5.6% (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, Canada accounted for 1.9% 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 North America, U.S. knife market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 405.8 million by 2030.
Steel was the largest segment with a revenue share of 59.83% in 2021. Horizon Databook has segmented the Canada knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Flexible laws in Canada pertaining to the ownership of knives is likely to favor the growth of the market. For instance, according to a blog published by Damascus Collection in 2019, knives that come with sheath or those that require both hands to open are legal.
Knives with a fixed blade are also considered legal in Canada. With little to no restrictions on the sale and purchase of knives in Canada, the market is expected to grow at a steady pace. The popularity of fixed blade knives is high among knife owners as multiple product varieties are available in the Canadian market.
Knife owners in the country have the option to choose between the aforementioned product offerings and their increasing availability is contributing to the segment growth. For instance, AdventureGear.ca offers a wide range of products, from the classic military bayonets to the Zombie series.
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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 |
Canada knife market size, by material, 2017-2030 (US$M)
Canada Knife Market Outlook Share, 2021 & 2030 (US$M)
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