Market revenue in 2021 | USD 152.1 million |
Market revenue in 2030 | USD 275.2 million |
Growth rate | 6.8% (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 |
Steel was the largest segment with a revenue share of 61.34% in 2021. Horizon Databook has segmented the France knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Some of the major factors driving the growth of the French knife market are increasing household expenditure on cookware and cutlery including knife, a flourishing hospitability industry, and COVID-19 imposed stay-at-home mindset that has motivated people to invest more in kitchen items.
Moreover, blades made from ceramic are also popular among household in France, as they are stronger than steel and have sharper cutting edge that can be used for everyday slicing, chopping and dicing. Owing to various characteristics of steel and ceramic, large set of consumers in France are preferring these knives in the kitchen, likely driving the growth of the market.
Although fixed blade knives are difficult to carry around, they are often preferred over folding blade knives by outdoor enthusiasts due to their durability and sturdiness. Fixed blade knives are used for various outdoor purposes, including camping, hunting, fishing, survival skills, and other tactical uses. Owing to their numerous applications, this segment is likely to grow over the forecast period.
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