U.S. Knife Market Size & Outlook, 2021-2030
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U.S. knife market highlights
- The U.S. knife market generated a revenue of USD 698.8 million in 2021 and is expected to reach USD 1,195.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% 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.
Knife market data book summary
| Market revenue in 2021 | USD 698.8 million |
| Market revenue in 2030 | USD 1,195.5 million |
| Growth rate | 6.1% (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, U.S. accounted for 18.4% 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 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 60.9% in 2021. Horizon Databook has segmented the U.S. knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
Increase in the number of people opting for aesthetically appealing kitchen cutlery and utensils with multifunctional attributes is the main factor driving the demand for knives in the country. In addition, rising consumer spending on kitchen products is expected to support the demand for kitchen knives over the forecast period.
Camping knives/adventure knives can be used for numerous applications, including food preparation, rope cutting, fire starting, and chopping firewood. The growing popularity of camping and hiking among people in the U.S. is likely to favor the growth of the adventure knife market.
For instance, according to the North America Camping Report by KOA, in 2021, around 57 million households reported to have been on at least one camping trip, depicting an increase of 18% compared to 2020.
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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 |
U.S. knife market size, by material, 2017-2030 (US$M)
U.S. Knife Market Outlook Share, 2021 & 2030 (US$M)
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