Latin America Knife Market Size & Outlook, 2021-2030
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Latin America knife market highlights
- The Latin America knife market generated a revenue of USD 238.0 million in 2021.
- The market is expected to grow at a CAGR of 5.1% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 238.0 million |
| Market revenue in 2030 | USD 372.0 million |
| Growth rate | 5.1% (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, Latin America region accounted for 6.3% 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 61.68% in 2021. Horizon Databook has segmented the Latin America knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The availability of a wide range of knives at reasonable prices is propelling the knife market forward. Moreover, tourism is a major contributor to the GDP in Latin America and the Caribbean. With COVID-19 subsiding and world travel returning to normal, the sector is reviving.
Carbon steel knives, for example, are typically designed for hard use when toughness and durability are vital. Survival blades and machetes frequently contain this material. They hold a sharp edge and are extremely simple to sharpen. This versatility of steel is expected to drive the segment’s growth in the region.
It is regarded by various chefs as the most valuable and adaptable cooking equipment for hotels or restaurants. The type or style of knife used by the chef is determined by the form and type of cutting required. Knives come in a variety of shapes and sizes, each of which is designed to serve a certain purpose.
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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 |
Latin America knife market size, by country, 2017-2030 (US$M)
Latin America Knife Market Outlook Share, 2021 & 2030 (US$M)
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