A utility knife, also known as a box cutter, is a small, lightweight handheld knife used for general purpose cutting of a variety of materials. Utility knives can be single-bladed or retractable with the single blade having an exposed or covered sharp edge. Utility knives are used in many industries and occupations.
Utility knives are used by many professionals due to their convenient size and the versatility they offer. They are often used to cut cardboard, tape, insulation, and many other common materials. They are also used to mark, measure, score, and trim various materials. They can also be used to pry, strip, and crimp wiring, and in construction for window framing, trimming, and window installation.
Utility knives are commonly used in households for tasks such as opening cardboard boxes, cutting insulation, and slicing food items, and are especially popular among the do-it-yourself crowd. They are also an essential tool for sport and hobby activities such as hunting, fishing, and camping.
Utility knives are a widely used tool, and their production and sales are increasing worldwide. The global market for utility knives is expected to show solid growth in coming years due to their wide usage and numerous advantages such as the improved versatility, higher safety, and improved convenience that utility knives offer.
The global Utility Knives market was valued at US$ 1261.6 million in 2022 and is anticipated to reach US$ 1431.6 million by 2029, witnessing a CAGR of 1.8% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Utility Knives Market available at: https://www.themarketreports.com/report/global-utility-knives-market-research-report
This report aims to provide a comprehensive presentation of the global market for Utility Knives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Utility Knives.
The major global companies of Utility Knives include Stanley, Snap-on, Xingwei Cutting-Tools Technology, Milwaukee Tool, Apex Tool Group, Safety Products Global, MARTOR, Tajima Tool, Fiskars Group, ADCO Industries, Wurth Group, Great Star, Pro’skit, Great Wall Precision, JETECH etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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