Saudi Arabia Knife Market Size & Outlook, 2021-2030
Saudi Arabia knife market, 2017-2030 (US$M)
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Saudi Arabia knife market highlights
- The Saudi Arabia knife market generated a revenue of USD 72.3 million in 2021 and is expected to reach USD 98.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.5% 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 72.3 million |
| Market revenue in 2030 | USD 98.5 million |
| Growth rate | 3.5% (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, Saudi Arabia accounted for 1.9% 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 Middle East & Africa, South Africa knife market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 70.5 million by 2030.
Steel was the largest segment with a revenue share of 61% in 2021. Horizon Databook has segmented the Saudi Arabia 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 domestic market. The growing usage of knives in the food processing industry for tasks such as cutting, trimming, slitting, and slicing meat, poultry, pork, fruit, vegetables, and bakery items is likely to boost the demand for knives throughout the forecast period.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia knife market size, by material, 2017-2030 (US$M)
Saudi Arabia Knife Market Outlook Share, 2021 & 2030 (US$M)
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