UK Knife Market Size & Outlook, 2021-2030
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UK knife market highlights
- The UK knife market generated a revenue of USD 204.6 million in 2021 and is expected to reach USD 386.4 million by 2030.
- The UK market is expected to grow at a CAGR of 7.3% 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 204.6 million |
| Market revenue in 2030 | USD 386.4 million |
| Growth rate | 7.3% (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, UK accounted for 5.4% 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 Europe, UK knife market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 386.4 million by 2030.
Steel was the largest segment with a revenue share of 60.8% in 2021. Horizon Databook has segmented the UK knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The growing number of nuclear families and single-person households, coupled with the increasing number of households undergoing kitchen remodeling and renovation projects, is expected to generate significant demand for knives over the forecast period. Several consumers prefer buying knives made of stainless steel since it is durable, resistant to corrosion, do not react with food, and is easy to clean.
A stainless steel blade is one of the most popular blades for knives. Moreover, depending on the chemical composition, stainless steel knives hold the sharp edge longer than any other knife blades, owing to which the stainless steel segment is likely to have a larger market share.
The availability of numerous players offering various types of knives is likely to favor segment growth. For instance, Heinnie Haynes, one of the prominent supplier of knives fixed blade knives in the U.K., offers fixed blade knives of various brands including WÜSTHOF, Kai Europe GmbH, Buck, Mercer Tool Corp., and Civivi, among others.
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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 |
UK knife market size, by material, 2017-2030 (US$M)
UK Knife Market Outlook Share, 2021 & 2030 (US$M)
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