About Tactical Knives
The tactical knife is known as a knife with one or more military features designed especially for use in extreme situations, that may or may not include the design capability as combat or fighting weapon. All tactical knives company contributing to the overall market is facing an fierce competition from each other in order to maintain the market position. A tactical folding knife is facing each other to acquire government contracts to provide knives to homeland security and military organizations. In addition this, the companies are also trying to attract the young and adventure enthusiastic consumer as this one is the fastest-growing end-use segment in the recent years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Every company contributing to the overall market is facing fierce competition from each other in order to maintain their market position. Tactical folding knife giants are facing each other to acquire government contracts to provide knives to military & homeland security organizations. In addition, the companies are also trying to attract young and adventure enthusiastic consumer as this is one of the fastest-growing end-use segment in recent years. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Unlimited Wares, Inc (United States), SOG Specialty Knives & Tools (United States), Condor (Germany), Extrema Ratio (Italy), Spyderco (United States), Microtech (United States), NDZ Performance (United States), Benchmade (United States), Buck Knives (United States) and Gerber (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are KAI USA LTD (United States), Sheffield (United Kingdom), Smith & Wesson (United States) and TOPS (United States).
Segmentation Overview
AMA Research has segmented the market of Global Tactical Knives market by Type (Smaller than 2 Inches, 2-3 Inches and Larger than 3Inches), Application (Personal Use and Military Use) and Region.
On the basis of geography, the market of Tactical Knives 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). If we see Market by Pattern, the sub-segment i.e. Foldable will boost the Tactical Knives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. E-Commerce will boost the Tactical Knives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Military & Defense will boost the Tactical Knives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of high-performance alloys and other synthetic material for the tang of the knives
Market Growth Drivers:
Continuously growing demand for military & defense and homeland security and Helps in rescue operation during and after a natural calamity
Challenges:
High cost associated with the product and raw material of the products
Restraints:
Sudden injuries caused due to tactical knives is hampering the buying behaviour and Misuse of tactical knives
Opportunities:
Defense spending across the globe encouraged to procure new and better tools and knives for soldiers and Adventure sports including hiking trekking created a positive impact on the significance of tactical knives
Market Leaders and their expansionary development strategies
In December 2021, GSM Outdoors, a multi-brand manufacturer and technology innovator of specialized hunting and shooting sport accessories, has acquired of SOG Specialty Knives, Inc., one of the most respected tactical and purpose-built knife manufactures in the U.S. The acquisition will accelrated the growth of product portfolio.
In August 2022, ToughBuilt Industries, a company that offers products such as knee pads, safety gears, hand tools, and others, has launched a magazine-fed knife, that has a quick-reloading blade mechanism and a finger-guard ridge for cutting safely that makes it suitable for usage for carpet applications and others.
Key Target Audience
Manufacturers of Oyster Knives, Suppliers of Oyster Knives Materials, Wholesalers, Distributors and Retailers of Oyster Knives, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.