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Craft Knife Market: Introduction

  • A craft knife is a general term for a variety of multi-purpose cutting instruments. Knives used for art and craft tasks are known as craft knives. Its sharp, narrow blade makes it excellent for cutting out complex and precise forms. It may also be used to precisely cut tiny or fragile materials without causing harm. Many people utilize the tool, including DIYers, hobbyists, artists, and artisans. The market for craft knife is expected to witness significant growth during the forecast period.

Key Drivers and Opportunities of the Global Craft Knife Market

  • Craft knives come in a wide range of options which vary by handle design, blade size, and type of blade. Availability of a wide range of options makes it easier, safer, and more enjoyable to complete projects. This factor is expected to drive the demand for craft knives across the globe during the forecast period.
  • Craft knife finds use in a wide range of applications such as cutting and trimming, carving, modelling, etching and scribing, and scrapping. Furthermore, a craft knife is used on a wide range of materials such as paper, cardboard, rubber, clay, wood, string, and many more. Such a wide range of applications and use on multiple materials is expected to drive the demand for craft knives during the forecast period.
  • Most types of craft knives are relatively inexpensive and further the availability of replaceable blade craft knives have made them widely acceptable among consumers. Manufacturers are focusing on the production of replaceable blade craft knives due to their extensive acceptability. The craft knife market is expected to propel during the forecast period due to the above mentioned factors.

Asia Pacific to Hold Major Share of the Global Craft Knife Market

  • In terms of region, the craft knife market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • During the forecast period, Asia Pacific is anticipated to account for majority share of the global craft knife market. Craft knives are widely used in emerging countries due to their expanding popularity and rising living standards. During the forecast period, India and China are expected to have substantial craft knife markets. Furthermore, the region's rising use of craft knives by artists and craftsmen is projected to boost demand for craft knives in the region.

Key Players Operating in the Global Craft Knife Market

  • Cricut, Inc.
  • Elmer’s Products, Inc.
  • Etsy, Inc.
  • Fiskars Oyj
  • Jewel Blade Limited
  • Michaels Stores Procurement Company, Inc.
  • Nanjing A and D Craft Co., Ltd.
  • Notions Marketing Corporation
  • Slice, Inc.

Global Craft Knife Market: Research Scope

Global Craft Knife Market, by Product Type

  • Light Duty Craft Knife
  • Medium Duty Craft Knife
  • Heavy Duty Craft Knife
  • Swivel Craft Knife
  • Fingertip Craft Knife
  • Others (Craving Craft Knife, etc.)

Global Craft Knife Market, by Handle Design

  • Fixed
  • Retractable

Global Craft Knife Market, by Handle Material

  • Plastic
  • Rubber
  • Aluminum
  • Steel
  • Others (Wood, etc.)

Global Craft Knife Market, by Blade Type

  • Embedded
  • Replaceable

Global Craft Knife Market, by Blade Category

  • General Purpose Blade
  • Fine Blade Point
  • Craving Blade
  • Whittling Blade
  • Chiseling Blade
  • Others (Scoring Blade, etc.)

Global Craft Knife Market, by Application

  • Professional
  • Amateur

Global Craft Knife Market, by Price

  • Low
  • Medium
  • High

Global Craft Knife Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Hypermarkets and Supermarkets
    • Specialty Stores
    • Departmental Stores
    • Independent Retailers
    • Retail Stores

Global Craft Knife Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Craft Knife Market