Global Utility Knife Market Overview:
The use of utility knives is not only confined to kitchen jobs, but can also be used for wallpaper trimming, cardboard cutting, and dozens of other jobs. Utility knives are used to cut and trim a variety of building materials including: drywall, felt paper, wallpaper, rope & twine, plastic sheet material, fiberglass insulation and more. They can be divided into 3 general categories, retractable blade, fixed blade and snap-off blade. A utility knife is usually has a simple and inexpensive holder, typically flat, approximately one inch (25 mm) wide and three to four inches (75 to 100 mm) long, and typically made of either metal or plastic. The flexible use of utility knives for numerous cutting jobs is further expected to help the market growth in the coming years.
- Growing Adoption as a Hand Tool or a Pocket Utility Knife
- High Demand due to its Benefit of Affordability and Portability of Utility Knives
- Availability of Custom Utility Knives as per the End-use Requirements of the Customer
- Fluctuation in the Price of Raw Material
- Introducing a Range of Portfolios Catering to both Commercial as well as Residential Sector Needs
- Constant Innovations related to Design, Cutting Technology, Blade Styles
- Availability of Other Cutting Tools and Devices both in the Commercial and Residential Sectors
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The key players are competing through innovations in the knife to gain popularity in the market.
Some of the key players profiled in the report are Newell Rubbermaid (United States), Stanley Black & Decker (United States), Apex Tool Group (United States), Snap-on Inc (United States), Tajima Tool (United States), Milwaukee Tool (United States), Hangzhou GreatStar Industrial (China), Wurth Group (Germany), MARTOR (United States), Ningbo Xingwei Cutting-Tools Technology Company Ltd (China) and Williams-Sonoma Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Newell Brands (United States) and Jack Sealey Ltd (United Kingdom). Analyst at AMA Research see United States Vendors to retain maximum share of Global Utility Knife market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Utility Knife market. Considering Market by Price, the sub-segment i.e. Premium Range will boost the Utility Knife market. Considering Market by Stainless Steel Series, the sub-segment i.e. 200 Series Stainless Steel will boost the Utility Knife market. Considering Market by Blade, the sub-segment i.e. Regular Duty will boost the Utility Knife market.
In Sept 2020, MILWAUKEE, WI- When Milwaukee Tool introduced the first FASTBACK™ Knife, cutting was redefined on the jobsite. Now, the company is expanding their leadership in cutting solutions once again by introducing a new FASTBACK™ 6in1 Folding Utility Knife, a Compact Side Slide Utility Knife, and a Compact Folding Knife.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Utility Knife market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Utility Knife market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Utility Knife Manufacturer, Raw Materials Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.