BLADE MARKET ANALYSIS

Blade MarketSize and Trends

Blade Market – Insights

Blade is a cutting tool used for various applications such as scraping and peeling debris, cutting uneven surfaces like concrete floors, and carpet cutting, flooring, and film slitting. Additionally, it has applications in packaging, flooring, roofing, crafts and graphic arts. The growth of end-use industries such as food, construction, and grooming are expected to increase demand for blade over the forecast period.

Blade market is expected to witness significant growth over the forecast period attributing to increasing demand for blade from various end-use industries and rising personal hygiene industry. Furthermore, increasing usage of snap-off blades in packaging, flooring, and roofing is expected to provide growth opportunities to market players for expansion.

Increasing use of snap-off blades in manufacturing utility knife and snap-off knife is expected to offer manufacturers growth opportunities in the global blade market. For instance, according to Worldwide Market Report, snap-off knives was valued at US$ 390.8 Mn in 2018 and it is expected to exhibit a CAGR of 4.9% to reach US$ 602.1 Mn by 2027.

The global blade market was valued at US$ 4,611.7 Mn in 2018, and is expected to exhibit a CAGR of 4.7%, in terms of revenue, over the forecast period (2019-2027), to reach US$ 6,973.7 Mn by 2027.

Among region, Asia Pacific accounted for the largest revenue share in the global blade market in 2018. Whereas, Europe accounted for the second largest share in terms of revenue in 2018. Moreover, Europe blade market growth is driven by growing building and construction industry in the region. For instance, according to the Office for National Statistics, the value of new construction work in the U.K. was US$ 146,385.77 million in 2018, and it is expected to grow continuously owing to growing private sector.

Market Trends:

Several players in the market are engaged in expanding their global presence to reach more customers and maximize revenues. For instance, in 2013, Super-Max Personal Care, a manufacturer of razor blades, expanded its business in the Europe blade market by launching products in European countries.