Japan Knife Market Size & Outlook, 2021-2030
Japan knife market, 2017-2030 (US$M)
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Japan knife market highlights
- The Japan knife market generated a revenue of USD 146.5 million in 2021 and is expected to reach USD 285.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.7% 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 146.5 million |
| Market revenue in 2030 | USD 285.3 million |
| Growth rate | 7.7% (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, Japan accounted for 3.8% 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 Asia Pacific, China knife market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 349.4 million by 2030.
Steel was the largest segment with a revenue share of 60.2% in 2021. Horizon Databook has segmented the Japan knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Japan has a long history of producing blades, from samurai swords to kitchen knives. Knives have cultural a significance in Japan. For instance, a Hocho-zuka is a burying mound for knives, which is erected in order to pray for better knife and cooking abilities. These cultural beliefs drive the market for knives in the region.
Moreover, Japanese kitchen knives are primarily built for slicing and are ideal for precision cutting. They are made of a single piece of steel. Such factors are fueling the demand for Japanese knives all around the world. In addition, most chefs and commercial kitchens in Japan prefer to cook with Japanese traditional knives rather than western blades, thus bolstering the market for knives in the region.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan knife market size, by material, 2017-2030 (US$M)
Japan Knife Market Outlook Share, 2021 & 2030 (US$M)
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