Global Pocket Knives Market Overview:
A pocket knife is the kind of knife that is foldable having one or more blades that are fitted inside the handle and can still fit inside a pocket. These kinds of knives are also known as a jackknife or a penknife, however, a pen knife might also be stated to be a specific kind of pocket knife. A pocket knife has a typical blade length of around 5 to 15 centimeters i.e. 2 to 6 inches. The pocket knives are a very versatile tool and may be used for various purposes such as from opening an envelope, slicing a piece of fruit, cutting twine, or even as a means of self-defense. Pocket knives are made legal to own in most of the countries, but may sometimes face some legal restrictions on their usage. Although the pocket knives are practically always designed as tools, hence they do have the probability to be considered as a weapon by the legal authorities.
Growth Drivers
- Continuously Growing Demand for Military & Defense and Homeland Security
- Helps In Rescue Operation during and After Any Natural Calamity
Roadblocks
- Strict Government Rules and Regulations
- Misuse of Pocket Knives
Opportunities
- Defense Spending Across the Globe Encouraged To Procure New and Better Tools and Knives for the Soldiers
- Adventure Sports Including Hiking and Trekking Created a Positive Impact on the Significance of Pocket Knives
Challenges
- High Costs Associated With the Product and Raw Material of the Product
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Spyderco, Inc. (United States), SOG Specialty Knives & Tools, LLC (United States), Benchmade (United States), Victorinox (Switzerland), W.R. Case & Sons Cutlery Company (United States), Kershaw (United States), Cold Steel (United States), Buck (United States), Columbia River Knife and Tool (United States), Chris Reeve Knives (United States) and Ontario Knife Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Zero Tolerance (United States), Emerson Knives (United States) and Microtech Knives (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Pocket Knives market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Pocket Knives market. Considering Market by Blade Size, the sub-segment i.e. 2 Inches will boost the Pocket Knives market. Considering Market by End-Use, the sub-segment i.e. Military & Defense will boost the Pocket Knives market.
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.
What Can be Explored with the Pocket Knives Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pocket Knives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pocket Knives
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pocket Knives 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 Pocket Knives 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 Manufacturers of Pocket Knives, Suppliers and Distributors of Pocket Knives, Potential Investors, Regulatory Bodies, Market Research Firms and Others.
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.