Mexico Knife Market Size & Outlook, 2021-2030
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Mexico knife market highlights
- The Mexico knife market generated a revenue of USD 224.8 million in 2021 and is expected to reach USD 405.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.8% 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 224.8 million |
| Market revenue in 2030 | USD 405.8 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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 5.9% 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 61.25% in 2021. Horizon Databook has segmented the Mexico knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The market for knife in Mexico is primarily driven by the country's growing population and increasing disposable income. Additionally, the Mexican government’s increased focus on the development of the tourism sector, it the goal of making Mexico affordable and sustainable tourist destination, will favor the growth of commercial kitchen over the period, likely favoring the growth of the market. Moreover, increase in the number of households in Mexico is favoring the growth of the knife market.
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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 |
Mexico knife market size, by material, 2017-2030 (US$M)
Mexico Knife Market Outlook Share, 2021 & 2030 (US$M)
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