Cut-off Knife Market size is estimated to be USD 2.5 Billion in 2024 and is expected to reach USD 4.1 Billion by 2033 at a CAGR of 6.2% from 2026 to 2033.
The global cut off knife market was valued at USD 2.5 billion in 2022 and is projected to reach USD 4.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. In 2023, the regional market contributions were as follows: North America accounted for 25% of the market share, Asia Pacific led with 40%, Europe held 20%, Latin America contributed 7%, and the Middle East & Africa represented 8% of the global market. The Asia Pacific region remains the largest contributor to market revenue, driven by increasing industrialization, particularly in countries like China and India.
Among the types of cut off knives, "Manual Cut off Knives" dominated in 2023 with a 45% market share, followed by "Automatic Cut off Knives" at 35%, and "Pneumatic Cut off Knives" with 20%. The "Automatic Cut off Knives" segment is projected to grow at the fastest rate during the forecast period, propelled by increasing automation in industrial processes. Key application segments in 2023 included "Plastics" (35% market share), "Paper" (30%), "Foil and Film" (25%), and "Others" (10%). The "Foil and Film" segment is expected to experience the fastest growth due to rising demand in packaging and manufacturing sectors.
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Accu-Grind
Chilvers Reprographics
Carolina Knife Co.
Scott+Sargeant
Federal Knife
American Cutting Edge
LA Grinding Company
California Knife & Blade
IGS Knives
Inc.
Everwear
Inc.
International Knife & Saw
Inc.
Exxon Mobil Corporation
Fosber America
Inc.
C.R. Laurence
LIUZHOU LIAN UNITED KNIVES CO.
LTD
Goodklife Machinery Technology Co.
Ltd.
York Saw & Knife Company
Inc.
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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. 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 Global Cut-off Knife Market
Manual Cut-off Knives
Electric Cut-off Knives
Pneumatic Cut-off Knives
Hydraulic Cut-off Knives
Stainless Steel Blades
Carbon Steel Blades
High-Speed Steel Blades
Ceramic Blades
Metal Cutting
Plastic Cutting
Textile Cutting
Rubber Cutting
Wood Cutting
Aerospace
Automotive
Construction
Manufacturing
Textiles
Online Retailers
Direct Sales
Industrial Supply Stores
Specialty Tool Shops
Wholesale Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cut-off Knife 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. Global Cut-off Knife Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cut-off Knife Market, By Type
6. Global Cut-off Knife Market, By Application
7. Global Cut-off Knife Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cut-off Knife Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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