Craft Knife Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Craft knife is a knife used for paper crafts work that has a sharp replaceable blade. A craft knife is most commonly used for art and craft projects. It is ideal for cutting out intricate and detailed shapes due to its sharp, thin blade. It can also be used to cut small or delicate materials accurately, without causing any damage.

MARKET DYNAMICS

The market for craft knife is expected to witness significant growth during the forecast period. Craft knife is use in wide range of applications such as cutting and trimming, carving, modelling, etching and scribing, and scrapping. Moreover, a craft knife can used on a wide range of materials like paper, cardboard, wood, rubber, clay, string, and many more. Such a wide range of applications and use on multiple materials is expected to increase the demand for craft knives. Craft knives come in a wide range of options which vary by handle design, blade size, and type of blade. Availability of a wide range of options makes it easier, safer, and more enjoyable to complete projects. Most types of craft knives are relatively inexpensive and further the availability of replaceable blade craft knives have made them widely acceptable among consumers. Manufacturers are focusing on the production of replaceable blade craft knives due to their extensive acceptability. The craft knife market is expected to propel during the forecast period due to the above mentioned factors. The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, design of the product, and quality.

MARKET SCOPE

The "Global Craft Knife Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the craft knife market with detailed market segmentation by type and distribution channel. The global craft knife market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading craft knife market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global craft knife market is segmented on the basis of type and distribution channel. Based on type, the global craft knife market is segmented into light duty, heavy duty and medium duty. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global craft knife market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The craft knife market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the craft knife market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the craft knife market in these regions.

MARKET PLAYERS

The report covers vital developments in the craft knife market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the craft knife market are anticipated to lucrative growth opportunities in the future with the rising demand for craft knife in the global market. Below mentioned is the list of few companies engaged in the craft knife market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the craft knife market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Stanley
  
•   Xingwei Cutting-Too
  
•   Apex Tool Group
  
•   Snap-on Inc
  
•   Tajima Tool
  
•   Milwaukee Tool
  
•   Great Star
  
•   Wurth Group
  
•   MARTOR
  
•   Channel lock
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Craft Knife Report Scope