Jack Knife Market Scope
It is sometimes referred to as a jackknife (jack-knife) or a penknife, while a penknife may be a type of pocketknife. A pocketknife is a folding knife with one or more blades that fit inside the handle and are small enough to carry in a pocket. A common blade length is between 5 and 15 cm. Pocketknives are multi-purpose tools that may be used for everything from opening an envelope to cutting twine, slicing a piece of fruit, or even self-defense. Demand for jack knives has risen in recent years as a result of rising demand for personal defence items. The growing number of knife manufacturers throughout the world is propelling the industry forward. Companies sell jack knives in a variety of styles and configurations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Oreste Frati S.r.l. (FOX Knives) (Italy), Browning Arms Company (United States), Gerber Gear (United States), Buck Knives (United States), Spyderco, Inc. (United States), Cold Steel Inc. (United States), Leatherman Tool Group, Inc. (United States), W.R. Case & Sons Cutlery Company (United States), Kai USA Limited (United States) and Benchmade Knife Company (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Jack Knife market throughout the predicted period.
Oreste Frati S.r.l. (FOX Knives) (Italy), Browning Arms Company (United States), Gerber Gear (United States), Buck Knives (United States), Spyderco, Inc. (United States), Cold Steel Inc. (United States), Leatherman Tool Group, Inc. (United States), W.R. Case & Sons Cutlery Company (United States), Kai USA Limited (United States) and Benchmade Knife Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Emerson Knives, Inc. (United States), Boker USA (United States) and CRKT Knives (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Jack Knife market by Type and Region with country level break-up.
On the basis of geography, the market of Jack Knife has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2023, Trimac Transportation has acquired heavy crude and oilfield hauling specialist Jacknife Oilfield Services, based in Bonnyville, Alberta. Jacknife's primary service line focuses on fluid hauling, encompassing the transportation of fluids to and from well sites.
In March 2024, Craighill has collaborated with contemporary design duo Chen Chen and Kai Williams, who are also based in New York, for a one-of-a-kind pocket knife. Dubbed The Sidewinder, the knife was inspired by the tracks left in the sand by the name from which it’s named after.
Influencing Trend:
Emergence of Multipurpose Jack knives
Market Growth Drivers:
Rising Military Spending, Prevalence of Thef and Criminal Activities and Growing Self Defense Awareness
Challenges:
Raw material Price Fluctuation
Restraints:
Misuse and illicit Activities
Opportunities:
Widening Regulatory Framework Regarding Self Defense
Key Target Audience
Jack Knife Manufactures, New Entrants and Investors, Jack Knife Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others