South Korea Folding Knives Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.2 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The South Korea folding knives market has been growing steadily in recent years due to increasing demand across various industries. Folding knives, prized for their portability and versatility, serve a wide range of purposes in sectors like outdoor recreation, military, law enforcement, and even culinary fields. These knives have become integral tools for professionals and enthusiasts alike, with different industries seeking specialized designs tailored to their specific needs.
In particular, the outdoor recreation industry in South Korea is one of the largest drivers of folding knife usage. As hiking, camping, and other outdoor activities continue to gain popularity, folding knives provide users with a reliable and compact tool for tasks ranging from cutting rope to preparing food. The ergonomic design and easy-to-carry nature of folding knives make them an indispensable accessory for outdoor adventurers, contributing significantly to the demand in the market.
In addition to outdoor use, folding knives are also required in the defense and security sectors. Military personnel and law enforcement officers rely on folding knives for tactical operations and self-defense. The folding knife's ability to be easily concealed, along with its functional design, makes it a favored choice for these industries. South Korea's high-tech defense industry, known for cutting-edge technology and innovation, is now focusing on improving the performance and materials of folding knives to meet the demands of professionals in this field.
Moreover, the culinary sector is another area where folding knives are gaining traction. Professional chefs, particularly in South Korea's vibrant culinary scene, are increasingly using folding knives for precision cutting and versatility in the kitchen. These knives provide chefs with a sharp, portable tool for detailed tasks, such as filleting fish or slicing vegetables with precision.
The growing folding knives market in South Korea also reflects the increasing interest in high-quality, durable products. Consumers are becoming more aware of the importance of material and craftsmanship, with many preferring folding knives made from high-carbon steel or titanium for superior edge retention and corrosion resistance. This demand for premium materials is driving innovation in the folding knives market, pushing manufacturers to continually improve product design and functionality.
As the folding knives market continues to expand, South Korean industries are increasingly requiring these tools to meet the specific needs of various sectors. From military-grade knives to those used in everyday outdoor tasks, folding knives have proven their importance across diverse fields, making them a key part of the country's thriving industrial ecosystem.
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Buck
FOX Knives
Gerber
Benchmade
Gerber Gear
FKMD Knives
Camillus Knives
Ka-Bar
Leatherman
Spyderco
Buck
Victorinox
Browning
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Folding Knives Market
Manual Folding Knives
Automatic Folding Knives
Assisted Opening Folding Knives
Multi-tools with Folding Blades
Stainless Steel
Carbon Steel
High Carbon Stainless Steel
Titanium
Outdoor Enthusiasts
Professional Tradesmen
Survivalists and Preppers
Culinary Professionals
Online Retail
Specialty Stores
Department Stores
Direct Sales
Budget Folding Knives
Mid-range Folding Knives
Premium Folding Knives
Luxury Folding Knives
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Folding Knives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Folding Knives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Folding Knives Market, By Type
6. South Korea Folding Knives Market, By Application
7. South Korea Folding Knives Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Folding Knives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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