The global pocket knives market was valued at $578 million in 2021, and is projected to reach $989.1 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Pocket knives include knives that often have two or three blades at each end and are hinged at both ends of the handle. The original purpose of the pen knife was to cut or sharpen pen quills for writing. Pocket knives such as pen knives are widely preferred if consumers needed require more than one kind of blade. Additionally, it is lightweight and compact, so it won't stick out in a dress shirt pocket.
There are many robust pocket knife designs, including ones produced by well-known companies like Spyderco, Gerber, and Buck. Lock-back, stainless steel, and wooden styles are just a few of the many variants. To fit any personality, pocket knives are offered in a variety of vibrant, organic, rustic, industrial, or trendy custom pocket knife designs. Personalized pocket knives also come with a number of benefits, such as premium quality, occasionally free delivery, and customer support from the manufacturer to retain customers. Customers can add precious stones, diamonds, and their desired material to their pocket knives to make them more unique. Consequently, the market's extreme need for pocket knives may be somewhat explained by the capacity to customize them.
Multipurpose knives are preferred by consumers across the globe. The typical blade length of a multipurpose knife is between 3 and 10 cm, while longer blades are occasionally available. It rarely grows thicker than 3 mm at the spine and is often rather thin. This is due to its placement in the socket, where it is constrained in size and is near another tool. It is constructed of stainless steel, which ranges in hardness from 55 to 58 HRC. Instead of the more common slip-joint lock, a stronger lock, often either a liner-lock or a bolt-type lock, can be used to secure such a blade. Additionally, it is a slim, lightweight design, and a small selection of well-made necessities. There is plenty of possibility for creating pocket knives from new materials rather than from conventional ones. Additionally, a few manufacturers had already developed pocket knives with unique components including blue tough ceramic, light grey tough ceramic, and burgundy tough ceramic. Additionally, it's likely that pocket knives made of unique materials may increase demand in the market for pocket knives.
The pocket knives market is segmented on the basis of type, application, distribution channel, and region. Based on type, the market is categorized into single-blade, multi-blade and Swiss army knives and multi-tools. According to the application, the pocket knives market is fragmented into outdoor activities and indoor activities. As per the distribution channel, the market is divided into E-commerce and offline channel. Moreover, the pocket knives market is further classified into third-level segmentation through the distribution channel. Based on offline channel, the market is bifurcated into hypermarkets/supermarkets, convenience stores, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, Argentina and the rest of LAMEA).
The market is being driven by factors such as rapid growth in infrastructural development as well as various advancements in developing countries. The major players operating in the global pocket knives are Spyderco, Microtech Knives, Kershaw, Zero Tolerance, Protech, Gerber, WE knife co., Kizer Knives, Buck Knives, Bladerunners Systems, Columbia River Knife & Tool, Chris Reeve, Cold Steel, Case Knives and Emerson.
There are many robust pocket knife designs, including ones produced by well-known companies like Spyderco, Gerber, and Buck. Lock-back, stainless steel, and wooden styles are just a few of the many variants. To fit any personality, pocket knives are offered in a variety of vibrant, organic, rustic, industrial, or trendy custom pocket knife designs. Personalized pocket knives also come with a number of benefits, such as premium quality, occasionally free delivery, and customer support from the manufacturer to retain customers. Customers can add precious stones, diamonds, and their desired material to their pocket knives to make them more unique. Consequently, the market's extreme need for pocket knives may be somewhat explained by the capacity to customize them.
Multipurpose knives are preferred by consumers across the globe. The typical blade length of a multipurpose knife is between 3 and 10 cm, while longer blades are occasionally available. It rarely grows thicker than 3 mm at the spine and is often rather thin. This is due to its placement in the socket, where it is constrained in size and is near another tool. It is constructed of stainless steel, which ranges in hardness from 55 to 58 HRC. Instead of the more common slip-joint lock, a stronger lock, often either a liner-lock or a bolt-type lock, can be used to secure such a blade. Additionally, it is a slim, lightweight design, and a small selection of well-made necessities. There is plenty of possibility for creating pocket knives from new materials rather than from conventional ones. Additionally, a few manufacturers had already developed pocket knives with unique components including blue tough ceramic, light grey tough ceramic, and burgundy tough ceramic. Additionally, it's likely that pocket knives made of unique materials may increase demand in the market for pocket knives.
The pocket knives market is segmented on the basis of type, application, distribution channel, and region. Based on type, the market is categorized into single-blade, multi-blade and Swiss army knives and multi-tools. According to the application, the pocket knives market is fragmented into outdoor activities and indoor activities. As per the distribution channel, the market is divided into E-commerce and offline channel. Moreover, the pocket knives market is further classified into third-level segmentation through the distribution channel. Based on offline channel, the market is bifurcated into hypermarkets/supermarkets, convenience stores, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, Argentina and the rest of LAMEA).
The market is being driven by factors such as rapid growth in infrastructural development as well as various advancements in developing countries. The major players operating in the global pocket knives are Spyderco, Microtech Knives, Kershaw, Zero Tolerance, Protech, Gerber, WE knife co., Kizer Knives, Buck Knives, Bladerunners Systems, Columbia River Knife & Tool, Chris Reeve, Cold Steel, Case Knives and Emerson.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pocket knives market analysis from 2021 to 2031 to identify the prevailing pocket knives market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pocket knives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pocket knives market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Single-blade
- Multi-blade
- Swiss Army Knives and Multi-tools
By Application
- Outdoor activities
- Indoor activities
By Distribution channels
- E-commerce
- Offline channel
- Subtype
- Hypermarkets/Supermarkets
- Convenience stores
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Columbia River Knife & Tool
- Good Sportsman Marketing, LLC
- Pro-Tech Knives, LLC
- Emerson Knives, Inc.
- W.R. Case & Sons Cutlery Company
- Kizer Knives
- WE Knife Co., Ltd.
- Buck Knives, Inc.
- Kai USA Ltd.
- Microtech Knives Inc.
- Chris Reeve Knives
- Bladerunners Systems
- Spyderco, Inc.
- Gerber
- Benchmade Knife Co., Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POCKET KNIVES MARKET, BY TYPE
CHAPTER 5: POCKET KNIVES MARKET, BY APPLICATION
CHAPTER 6: POCKET KNIVES MARKET, BY DISTRIBUTION CHANNELS
CHAPTER 7: POCKET KNIVES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Pocket Knives Market," the pocket knives market was valued at $578 million in 2021, and is estimated to reach $989.1 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.The most well-known multipurpose weapon, the Swiss Army knife, is among the pocket knives. Boy Scout knives are additionally functional instruments. In addition to the blade, multipurpose knives often include can openers, scissors, leather punchers, tweezers, or even screwdrivers. Pocket knives having such features are ideal for camping trips.
Moreover, outdoor activities have a number of benefits for the mind and body. Increases in aerobic capacity, cardiovascular health, and physical strength are all facilitated by increased oxygenation, delectable scenery, and natural light. The absorption of vitamin D, which is directly related to bone health and prevents diseases like cancer and osteoporosis, depends on exposure to sunlight. Exercise in the outdoors also raises endorphin levels, which reduce stress, anxiety, and depression while enhancing creativity, self-worth, and confidence. Additionally, outdoor activities help people develop their mental toughness. Outdoor activities are also a wonderful way to restore a connection with nature. New knowledge of the reciprocal relationship between humans and the environment and the requirement for this relationship to be sustainable will result from learning to respect nature and raising environmental consciousness. Therefore, the numerous advantages of outdoor activities are expected to boost their appeal, which will in turn increase the demand for pocket knives across the globe.
A wide variety of sturdy designs for pocket knives are available, including those made by renowned firms like Spyderco, Gerber, and Buck. Lock-back, stainless steel, or wood are just a few of the numerous available designs. Personalized pocket knife designs are available in a wide range of colors and patterns to suit any personality, including vivid, organic, rustic, industrial, and trendy. Furthermore, personalized pocket knives have a lot of advantages, including high quality and occasionally free delivery and customer service from the manufacturer to keep clients. Customers who customize their pocket knives can add valuable stones, diamonds, and the material of their choice. Hence, the demand in pocket knives market is expected to increase due to customization.
However, The number of crimes involving pocket knives is rapidly rising. Also, it is now common knowledge to hear in courtrooms and police stations that more people are being charged with murder, aggravated bodily injury, and wounding with pocket knives. The perpetrators utilise hidden pocket knives to hold the victim hostage, and if the victim doesn't cooperate, they stab and kill the victim. According to National.com, police prosecutors have frequently pushed the courts to address the issue of pocket knives being used in criminal activity. Moreover, alcohol usage and extramarital affairs were key factors in court proceedings, and pocket knives were often employed in these situations.
Although they are practical and have a number of benefits, pocket knives nevertheless carry a risk. Moreover, users of the Trek can cut into skin just as easily as wood or fish and might potentially cause serious injury. Also, users should exercise particular caution while using it and be cautious when pulling it out or putting it back. To prevent issues, handling pocket knives properly is recommended. In certain nations, the government has enacted laws to prevent any repercussions due to the detrimental effects of carrying a pocket knife.
The pocket knives market is segmented based on type, application, distribution channel, and region. Based on type, the market is categorized into single-blade, multi-blade and Swiss army knives and multi-tools. According to the application, the pocket knives market is fragmented into outdoor activities and indoor activities. As per the distribution channel, the market is divided into E-commerce and offline channel. Moreover, the pocket knives market is further classified into third-level segmentation through the distribution channel. Based on offline channel, the market is bifurcated into hypermarkets/supermarkets, convenience stores, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, Argentina and the rest of LAMEA).
The market is being driven by factors such as rapid growth in infrastructural development as well as various advancements in developing countries. The major players operating in the global pocket knives are Spyderco, Microtech Knives, Kershaw, Zero Tolerance, Protech, Gerber, WE knife co., Kizer Knives, Buck Knives, Bladerunners Systems, Columbia River Knife & Tool, Chris Reeve, Cold Steel, Case Knives and Emerson.
Key Findings of the Study
- By type, the single-blade segment is estimated to witness the significant growth, registering a CAGR of 5.9% during the forecast period.
- By application, the outdoor activities segment is anticipated to grow at a CAGR of 5.7% during the forecast period.
- By distribution channel, the offline segment is estimated to witness significant growth, registering a CAGR of 5.4% during the forecast period.
- By region, North America was the dominant region in 2021, occupying a major share of the market.
Companies Mentioned
- Columbia River Knife & Tool
- Good Sportsman Marketing, LLC
- Pro-Tech Knives, LLC
- Emerson Knives, Inc.
- W.R. Case & Sons Cutlery Company
- Kizer Knives
- WE Knife Co., Ltd.
- Buck Knives, Inc.
- Kai USA Ltd.
- Microtech Knives Inc.
- Chris Reeve Knives
- Bladerunners Systems
- Spyderco, Inc.
- Gerber
- Benchmade Knife Co., Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | February 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 578 million |
| Forecasted Market Value ( USD | $ 989.1 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
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