Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.78 Billion | USD 11.11 Billion | 8.1% | 2024 |
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 due to increasing demand across construction, manufacturing, packaging, and DIY sectors, alongside continuous innovations in blade technology, safety features, and expanding e-commerce reach.
According to a study, the global utility knives market size was worth around USD 4.78 Billion in 2024 and is expected to reach USD 11.11 Billion by 2034.
The global utility knives market is expected to grow at a CAGR of 8.1% during the forecast period.
North America is expected to dominate the utility knives market over the forecast period.
Leading players in the global utility knives market include Milwaukee Electric Tool Corporation, Irwin Industrial Tools, Workpro, DeWalt, Pacific Handy Cutter Inc., TTI – Milwaukee, EIS, Wiss, Lenox, Midwest Tools, Cincinnati Surgical and Stanley Black & Decker, among others.
The report explores crucial aspects of the utility knives market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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