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Craft Knife Market Share

Report ID: GMI11566
Published Date: Sep 2024
Report Format: PDF

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Craft Knife Market Share

Craft Knife Market Company Share Analysis (2023)

The craft knife industry is fragmented, with prominent players holding a market share of 10%-15% of the total market share. In the market, companies are focused on driving innovation through enhanced safety features, ergonomic designs, and the use of advanced materials to meet the diverse needs of both amateur and professional users. They are increasingly adopting sustainable practices and materials to align with environmental concerns and consumer preferences for eco-friendly products.

Craft Knife Market Companies

Major players operating in the craft knife industry include:

Acme United Corporation
Bachmann Industries, Inc.
Cricut, Inc.
Dahle North America, Inc.
Elmer's Products, Inc.
Fiskars Corporation
General Tools & Instruments LLC
Havel's, Inc.
KAI Corporation
Klein Tools, Inc.
Olfa Corporation
Slice, Inc.
Stanley Black & Decker, Inc.
Titan Tool, Inc.
Vantage Point Products Corporation

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for craft knife was valued at approximately USD 402 million in 2023 and is anticipated to register a CAGR of 7.7% from 2024 to 2032, fueled by product innovations and expanding applications in crafting.

The light-duty segment dominated the craft knife industry in 2023, generating around USD 116.7 million. This segment is favored by hobbyists and artists for its precision in tasks like paper cutting and model making.

North America generated around USD 132.2 million in 2023, driven by a strong DIY culture, increased online tutorials, and the accessibility of craft tools through e-commerce platforms. This region is seeing significant interest in home-based crafting activities.

Key players in the market include Acme United Corporation, Cricut, Fiskars Corporation, and Stanley Black & Decker, among others.