UAE Knife Market Size & Outlook, 2021-2030
The knife market in the UAE is expected to reach a projected revenue of US$ 70.5 million by 2030. A compound annual growth rate of 5.8% is expected of the UAE knife market from 2022 to 2030.
Revenue, 2021 (US$M)
$42.6
Forecast, 2030 (US$M)
$70.5
CAGR, 2022 - 2030
5.8%
Report Coverage
UAE
UAE knife market, 2017-2030 (US$M)
Related Markets
UAE knife market highlights
- The UAE knife market generated a revenue of USD 42.6 million in 2021 and is expected to reach USD 70.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.8% 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 42.6 million |
| Market revenue in 2030 | USD 70.5 million |
| Growth rate | 5.8% (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, UAE accounted for 1.1% 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 60.33% in 2021. Horizon Databook has segmented the UAE knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Increased knife applications, combined with the availability of a diverse range of products, is likely to boost the knife market. The growing demand for knives in the food industry is one of the primary factors driving the market in UAE.
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Knife Market Scope
Knife market segmentation & scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE knife market size, by material, 2017-2030 (US$M)
UAE Knife Market Outlook Share, 2021 & 2030 (US$M)
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