Germany Knife Market Size & Outlook, 2021-2030
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Germany knife market highlights
- The Germany knife market generated a revenue of USD 234.7 million in 2021 and is expected to reach USD 381.9 million by 2030.
- The Germany 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 234.7 million |
| Market revenue in 2030 | USD 381.9 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, Germany accounted for 6.2% 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 Europe, UK knife market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 386.4 million by 2030.
Steel was the largest segment with a revenue share of 60.42% in 2021. Horizon Databook has segmented the Germany knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Growing urbanization and increasing expenditure on home renovation projects are driving the demand for knives in Germany. Furthermore, the increasing growth of the commercial sectors in the country with a rising number of restaurants is expected to prompt the usage of knives in commercial kitchens.
Stainless steel is the majorly preferred blade material for knives, owing to which, consumers have increasingly adopted stainless steel knives for various applications. In Germany, knives are usually made with stainless steel with a Rockwell scale rating of 56-58.
Moreover, the growing popularity of German-crafted steel blade knives, owing to their tensile strength, efficiency, and overall performance, is one of the key attributes driving the demand for knives in the country. In addition, increasing consumer spending on designer cutlery to enhance the overall look of the kitchen is expected to support demand for knives in residential applications 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 |
Germany knife market size, by material, 2017-2030 (US$M)
Germany Knife Market Outlook Share, 2021 & 2030 (US$M)
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