What is Utility Knives Market Scope?
A utility knife is used for general or utility purposes. In the kitchen, utility knives are used for miscellaneous cutting mostly for cutting larger vegetables. The utility knives are also used to cut the tape sealing a package without damaging the contents of the package. Product innovation and development activities will boost the utility knives market in the forecasted period.
The Utility Knives market study is being classified by Type (Fixed Blade Knives, Snap-off Knives and Retractable Knives), by Application (Commercial and Household) and major geographies with country level break-up.
The global utility knives make is highly fragmented and companies are exploring the market by adopting mergers & acquisitions, investments, new service launches and collaborations as their preferred strategies. The players are exploring through expansions and acquisitions across the globe to avail of competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Utility Knives market throughout the predicted period.
Stanley (United States), Apex Tool Group (United States), Snap-on Incorporated (United States), Ideal Industries (United States), Klein Tools (United States), Würth Group (Germany), Tajima (Japan), Knipex (Germany) and Stanley Black & Decker, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Wiha (Germany) and Channellock (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Utility Knives market by Type, Application and Region.
On the basis of geography, the market of Utility 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).
Market Influencers and their development strategies
In April 2019, Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, announced that it has acquired Power Hawk Technologies, Inc.
Market Drivers
- Utility knives are widely Used in Cooking in the Household
- Rising Demand from Food Processing & Packaging Industry
Opportunities
- Rising Demand in Developing Countries
- Increasing Product Innovation and Development in Emerging Country
Restraints
- Availability of Advanced Cutting Tools and Devices
Challenges
- Concern Related to their Fragility
Key Target Audience
Manufacturers of Utility Knives, Raw Material Suppliers, Wholesalers, Distributors, and Retailers of Utility Knives, Governmental Bodies and Research Firms
Customization available in this Study:
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