Australia Knife Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Australia Knife Market is Segmented By Product Type (Folding Knife, Snap-off Knife, Retractable Knife, Safety Knife, Others, Fixed Knife, Specialty Kn....
Australia Knife Market Size
Market Size in USD
CAGR4.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.3% |
| Market Concentration | High |
| Major Players | Knife Depot, Wusthof, Gerber, Cold Steel, Columbia River Knife & Tool |
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Australia Knife Market Analysis
The Australian knife market is estimated to be valued at USD 15.5 Mn in 2024 and is expected to reach USD 20.4 Mn by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
The Australian knife market has been witnessing a positive growth trend over the past few years. Rising culinary interest among consumers for cooking different cuisine at home has increased the demand for quality kitchen knives in the country. Additionally, increasing outdoor recreational activities such as camping, hiking and hunting has also contributed to the sales of pocket knives and tactical knives. Ongoing product innovations featuring superior blade materials and elegant designs to cater to different consumer segments are further expected to support the market expansion through 2031. However, availability of low-cost counterfeit products may hamper the growth of established brands and restrain the market to a certain extent over the forecast period.