Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.69 Billion | USD 5.87 Billion | 5.98% | 2022 |
FrequentlyAsked Questions
A utility knife is a tool with a sharp, cutting, and replaceable blade at one end. It is used for everyday or general manual work.
The global utility knives market is expected to grow owing to the changing design of the knives where the manufacturers are focusing on improving safety features without compromising on product functionality.
According to study, the global utility knives market size was worth around USD 3.69 billion in 2022 and is predicted to grow to around USD 5.87 billion by 2030.
The CAGR value of the utility knives market is expected to be around 5.98% during 2023-2030.
The global utility knives market is likely to be dominated by North America during the forecast period.
The global utility knives market is led by players like Irwin Industrial Tools, Olfa Corporation, Xingwei Cutting-Tools, Snap-on Incorporated, Slice Inc., Klein Tools, Apex Tool Group, Würth Group, Tajima Tool Corporation, Martor KG, Alltrade Tools LLC, Channel lock, and Great Star.
The global utility knives market explores crucial aspects of the utility knives market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the utility knives market.
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