SAFETY KNIVES MARKET ANALYSIS

Safety knives Market, By Product Type (Fully Automatic Retractable Safety Knives, Semi-Automatic Retractable Safety Knives, Concealed Blade Safety Knives, Others), By Distribution Channel (Home Center & Hardware, Mass Retail, E-Commerce, Industrial, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Global safety knives market was valued at US$ 236.9 Million in 2022, exhibiting a CAGR of 6.0% during the forecast period (2023 to 2030).

Global Safety Knives Market: Trends

Innovation and new product development: Innovation and new product development around the globe is the current market trend. Manufacturers are focusing on developing innovative products, in order to strengthen their presence in the safety knives market. For instance, in June 2021, Peak Spec, a company that engages in manufacturing of knives, launched an innovative sleek multipurpose pocket knife. The foldable pocket knife can perform hardcore cutting tasks in the woods while Adding elegance to one's ensemble.