United States Utility Knives and Snips Market Size By Type (Utility Snips, Utility Knives), By Application (Commercial, Household, Industrial), And Forecast

United States Utility Knives and Snips Market Size And Forecast

United States Utility Knives and Snips Market size was valued at USD 357.61 Million in 2022 and is projected to reach USD 431.21 Million by 2030, at a CAGR of 2.30% from 2023 to 2030.

With advancements in utility knives and snips in terms of ergonomic design and blade materials, major injuries happening in the workplace can be reduced. Hence, this will create enormous opportunities for the utility knives and snips market to grow in the near future. The United States Utility Knives and Snips Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Utility Knives and Snips Market Definition

Utility knife, also known as a box cutter, razor blade knife, carpet knife, or stationery knife, is a basic tool used in many different trades and crafts for a variety of tasks. A utility knife is normally flat, one-inch (25 mm) wide by three to four inches (75 to 100 mm) long holder, which is usually made of either metal or plastic. While some knives have specialized double-ended blades, others use them as a regular razor blade. The user can adjust how much the blade protrudes from the handle so that the tape sealing a box or package can be cut with the knife without affecting the contents of the box or package. It is simple to quickly reverse or replace the blade when it gets dull. Spare blades are often kept in the hollow knife handle, which can be opened by removing a screw. These knives served as all-purpose tools that can be used to cut and shape wooden objects, scrape hides, prepare food, and perform other practical activities. Craft Knives are used for art and crafts. Small folding or retractable-blade knives that are most suited for usage in the general workplace or the construction industry also are included in the utility knife.

The Utility Snips are a specific kind of hand shear made specifically for cutting thin sheet metal and other hard materials. They represent a pair of scissors but it is made of a more durable metal that enables them to cut sturdy materials. Utility Snips were mostly used to cut sheets of sheet metal, including tin. They are also used to cut a variety of thick sheets of materials, including cardboard, plastic, and rubber. The two types of snips are aviation snips and tin snips. Both are used to cut cardboard and plastic, as well as sheet metal and other hard materials.

United States Utility Knives and Snips Market Overview

With tremendous development potential for commercial spaces, the construction market is expected to increase. As the company transitions from a supplier-driven to a buyer-driven model, there is increasing pressure to cut costs, enhance quality, and satisfy customers. Simultaneously, the building construction industry is being driven by growing business sector development, low-loan fee conditions, expanding disposable income, rapid urbanization, rising population, and creative advances. According to Oxford Economics, in North America construction industry will witness a growth of 32%, and will reach USD 2.4 trillion in 2030.

Several workplace injuries are caused due to the improper use of a common workplace tool including a utility knife. People use utility knives to tear away shrink-wrap from packages, cut open boxes, cut drywall, and open bags. Workers use utility knives and snips among other tools in several work environments, such as construction, industry, shipping departments, and restaurants. In electrical work, an electrician uses a knife for various functions which include cutting electrical tape and insulation, cutting and stripping cables, and slicing and opening equipment boxes and packages. A utility knife can cause common workplace injuries including cuts, hand lacerations, and puncture wounds. These injuries happened mainly due to improper use or choosing the wrong type of utility knife for the task. According to the Occupational Safety and Health Administration (OSHA), over USD 300 million is spent yearly on hand lacerations alone. Box knife blades get dull after a few uses, utility knives with dull blades needed more cutting force exerted by the hand, which can cause very traumatic injuries such as ligament and tendon damage with severe bleeding. Dull blades should not be disposed of in trash cans and while purchasing safe utility knives with protected or retractable blades should be considered.

Ceramics are a more recent type of material known variously as fine ceramics, advanced ceramics, or engineered ceramics. The ceramic is comprised of 100% zirconium oxide and with the advances, zirconium oxide has many useful properties as per the ceramic research of the 1950s. Steel utility blades are very sharp as steel dulls rapidly, companies produce overly sharp blades to increase their working lifespan. In comparison, ceramics dull slowly, and they do not require this workaround so ceramics utility blades do not sacrifice safety for productivity. With advancements in utility knives and snips in terms of ergonomic design and blade materials, major injuries happening in the workplace can be reduced. Hence, this will create enormous opportunities for the utility knives and snips market to grow in the near future.

United States Utility Knives And Snips MarketSegmentation Analysis

The United States Utility Knives and Snips Market is segmented on the basis of Type and Application.

United States Utility Knives And Snips Market, By Type

• Utility Snips-Tin Snips-Aviation Snips

• Utility Knives-Snap-Off Knives-Retractable Knives-Fixed Blade Knives-Others (Single-Sided Pull Cutter)

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Based on Type, Utility Knives, accounted for the largest market share in 2021, and is projected to grow at a CAGR of 2.14% during the forecast period. A utility knife refers to a box cutter, a razor blade knife, a carpet knife, and a stationery knife. It is a standard tool used in various trades and crafts. A utility knife usually has a simple and inexpensive holder, typically flat, about one inch (25 mm) wide and three to four inches (75 to 100 mm) long, and typically made of either metal or plastic. Some utility knives use standard razor blades, while others have specialized double-ended blades. The user can manually adjust how far the blade extends from the handle so that the knife can be used to cut the tape, sealing a box or package without damaging the box’s contents or container. When the blade becomes dull, it can be quickly reversed or switched for a new one. Utility Snips were the second-largest market in 2021, projected to grow at the highest CAGR of 2.54% The snip refers to a hand shear that is designed to cut thin sheet metal and other hard materials. Similarly, the scissors are made of sturdier metal and can cut through more rigid materials. Snips are relatively flexible, including two blades and a handle that act as levers to create the cutting action. Initially, snips were mainly used for cutting sheet metal and other metal sheets.

United States Utility Knives and Snips Market, By Utility Knives

On the basis of Retractable Knives, Antiepileptic, accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 2.38% during the forecast period. The retractable knives are so hard to find someone who hasn’t used one at home or in their workplace. While most people understand “retractable” to mean a spring-loaded mechanism that exposes the blade only while a slider or button is held, several different types of retraction mechanisms exist, with their benefits and drawbacks, and some advice about choosing the best safety knife. Retractable utility knives provide safety because their blade retracts into their handle. Rather than extracting the blade along a continuum controlled by the user, these blades have preset (or fixed) positions, where the blade locks for cutting. It is also known for being safe and efficient. Snap-off Knives was the second-largest market in 2021, projected to grow at the highest CAGR of 2.03 %.Snap-Off Knife is rust-resistant and has an auto-locking slider for blade adjustments. The integrated blade snapper ensures that it has a sharp cutting edge without changing out a blade manually. Snap-off blades are not only more convenient to change, but it also has eight edges per blade, meaning it lasts six times longer than a trapezoid blade. Some of the properties which drive the market growth of snap-off knives are snap-off knives don’t require a long process to change the blade as it’s a one- to two-second technique involving a pair of pliers or blade snapper, which yields an instantly sharp edge the second the dual-edge segment of the dull blade is snapped.

United States Utility Knives and Snips Market, By Utility Snips

On the basis of Aviation Snips, Antiepileptic, accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 2.86% during the forecast period. Aviation snips are hand-held tools designed to cut through sheets of metal and other softer materials like plastic or rubber and were initially designed to cut metal in aircraft construction. It has three basic styles such as straight cut, the right cut, and the left cut. These will usually be color coded to make them easier to identify. Tin Snips were the second-largest market in 2021, projected to grow at the highest CAGR of 2.03 %Tin snips are typically quite heavy tools unsuited for continued use. The size of the tin snips will reflect the thickness of the material they can cut, with more significant tin snips being able to cut thicker and more rigid materials. Utility tin snips are general-purpose tools designed to cut wides in various materials rather than only metal. It can be used to cut and trim many household and workshop items.

United States Utility Knives and Snips Market, By Application

• Commercial• Household• Industrial

On the basis of Application, Commercial accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 2.47% during the forecast period. The increase in affordability and upgrading of the lifestyle in the population drives the market growth of the utility knives and snips market. The increased use of the utility knife in the commercial sector is because its smaller blade with a straight length typically comes in the range of 4-7 inches. Utility knives are also serrated to make slicing more miniature vegetables and meat easier. The increasing awareness regarding the availability of advanced products and consumer disposable income levels, increasing demand for outside food due to hectic work schedules, and the rising number of restaurants and eateries are boosting the market growth of the commercial sector. Industrial was the second-largest market in 2021, projected to grow at the highest CAGR of 2.17%.The increased use of fixed blade utility knives and folding utility knives are famous for indoor and outdoor usage. One of the most popular utility knives in industries and workplaces is the retractable or folding utility knife. The utility knife is designed and manufactured for multiple purposes in different workplaces. The increasing demand for utility knives because of the rising population is the factor increasing the segment’s market growth

Key Players

The “United States Utility Knives and Snips Market” study report will provide valuable insight with an emphasis on the US market. The major players in the market are 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. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In March 2021,IRWIN announced that it has been awarded a Popular Mechanics 2021 Tool Award, which spotlight the year’s best tool and storage solutions delivering reliable performance, quality craftsmanship, and a strong value

• In March 2022, A division of the GreatStar Group of firms, Prime-Line Products is providing a wide range of WORKPRO products, which are high-end, well-known instruments that can be used by both professionals and homeowners

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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