In the United States, knives are regulated by federal, state, and municipal laws. Some of the jurisdictions prohibit the possession or use of pocket knives that feature the locking blades. Others forbid certain blade styles that are perceived by law enforcement and the legal authorities as optimal for offensive fighting, transforming the pocket knife from a utility tool into a deadly weapon. Under U.S. federal law, switchblades and ballistic knives are banned from interstate shipment, sale, or import, or possession on federal or Indian lands or U.S. possessions and may be prohibited entirely in some states. Knives of any size or configuration may be prohibited by federal or state laws in certain designated areas or places, such as the schools, courthouses, jails, power plants, and airports.
The article cited AMA's "Global Pocket Knives Market Study" explored CAGR of %. According to the report, Growing Usage of High-Performance Alloys and Other Synthetic Material for the Tang of the Knives is one of the primary growth factors for the market. Continuously Growing Demand for Military & Defense and Homeland Security
is also expected to contribute significantly to the Pocket Knives market. Overall, Personal
applications of Pocket Knives, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the Pocket Knives market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Blade Size, such as 2 Inches, is boosting the Pocket Knives market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-Use, such as Military & Defense, is boosting the Pocket Knives market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Pocket Knives market identified that the demand is rising in many different parts of the world as "Defense Spending Across the Globe Encouraged To Procure New and Better Tools and Knives for the Soldiers
".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Pocket Knives market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Pocket Knives market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Pocket Knives market size is calculated using market estimation process, the Pocket Knives market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Pocket Knives market size has been validated using both top-down and bottom-up approaches.