Global Safety Box Cutter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Safety Box Cutter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Safety Box Cutter is a spring knife with an automatic retraction blade, which is mainly used to open boxes and packages. Safety knives are used in many different industries, which helps to greatly reduce the risk of knife-related injuries in the workplace. It is also one of the most commonly used tools in the working environment.

Market Overview:

The latest research study on the global Safety Box Cutter market finds that the global Safety Box Cutter market reached a value of USD 484.88 million in 2022. It’s expected that the market will achieve USD 719.36 million by 2028, exhibiting a CAGR of 6.8% during the forecast period.

Enterprise cost increases

Under the influence of the epidemic, governments of various countries ordered to reduce travel, some areas with severe epidemic were blocked, the logistics industry was affected, and the transportation of Safety Box Cutter goods of enterprises was hindered, because transportation channels such as railway transportation and highway transportation were restricted, so the transportation cost of Safety Box Cutter goods also increased. Under the epidemic situation, the resumption of factory work requires enterprises to be equipped with complete epidemic prevention materials to ensure the life and health of employees, and also need to buy epidemic prevention materials such as masks, disinfectants, and hand sanitizers, which increases the production cost of enterprises and increases the risk of infection. All these factors have an impact on the development of the Safety Box Cutter industry.

The Development of Online Shopping

Under the influence of the epidemic, residents reduced their travel, and the epidemic changed people's consumption patterns, and all walks of life began to conduct online business. Compared with traditional knives, Safety Box Cutter is more secure, and the goods purchased by residents on the Internet are increasing rapidly, which requires Safety Box Cutter to dismantle express delivery, so consumers' demand for Safety Box Cutter is increasing. The Safety Box Cutter industry has also joined online sales. It is more convenient to sell Safety Box Cutter online through e-commerce. Under the influence of the epidemic, consumers can't go out and use the Internet more often, so the number of online shoppers has also increased, thus promoting the online sales of Safety Box Cutter. The growth of these demands has promoted the development of the Safety Box Cutter industry.

Increased demand from the application of the logistics industry

With the rise of various online retailers, many industries began to implement the mode of simultaneous operation of online websites and offline stores to promote product sales. The most prominent way of online transactions is to deliver goods through logistics. After online transactions are concluded, goods are directly transported to buyers by express delivery. Therefore, online sales promote the development of the logistics industry, which develops rapidly. Logistics companies need to check the delivered express delivery, so they need Safety Box Cutters to handle a large number of express packages. Safety Box Cutter is very fast and safe to use, which can ensure that users are not hurt by blades, save time, and improve inspectors' work efficiency. Therefore, the application of Safety Box Cutters in the logistics industry increases the demand of logistics companies for Safety Box cutters.

Competition in the industry is fierce

The manufacturing process of Safety Box Cutter is relatively simple, and the technical barriers in the industry are not high, so many companies can join the Safety Box Cutter industry, and some companies carry out business in this field of Safety Box Cutter and continuously expand the market through acquisition and merger, such as Wurth Group has acquired House of Threads.

The addition of House of Threads will enable Wurth Group to continue to execute its strategy of expanding its core assets into profitable, complementary market segments and locations. Specifically, House of Threads bolsters WINA's presence in the Southeast U.S. and Mexico, strengthening its long-term strategy. Wurth Group expects to enhance House of Threads' service offerings through VMI solutions, engineered sales support, global sourcing, and more.

The competition in the industry is fierce, and each enterprise expands its sales market in different ways, thus increasing its market share. Therefore, enterprises in the Safety Box Cutter industry are facing great challenges. Enterprises should formulate investment development strategies and innovate new products to promote their development.

Region Overview:

North America is projected to account for a considerable share of the Safety Box Cutter market and is expected to become the largest region by 2027.

Company Overview:

Stanley is one of the major players operating in the Safety Box Cutter market, holding a share of 11.63% in 2020.

Stanley

For the builders and protectors, for the makers and explorers, for those shaping and reshaping our world through hard work and inspiration, Stanley Black & Decker provides the tools and innovative solutions. Stanley focuses on domain security solutions, construction, and DIY, industrial and automobile maintenance, and engineering fastening.

Xingwei Cutting-Tools Technology

Xingwei Cutting-Tools Technology is a great and influential manufacturer of tool knives and art knives in China. The company is equipped with 236 sets of modern automatic painting lines, automatic assembly, and packaging lines, a direct reading spectrometer, and other cutting tool production and testing equipment. Xingwei Cutting-Tools Technology has set up the R&D center for China's art knife industry, which is a tool manufacturer with a GS certificate in China.

Segmentation Overview:

By type, Retractable Knives segment accounted for the largest share of market in 2021.
Retractable Knives
Retractable Knives is a spring knife with an automatic retraction blade, which can put the slider on the side and push it into the working position. Retractable Knives can effectively cut through cardboard, plastic and other types of packaging once in working position. However, once the slider is released, the retractable knives conceivably retract automatically, which can provide greater protection for employees than using standard knives. This type of Retractable Knives provides protection for users and materials, and is mainly used for opening boxes and packages.

Concealed Blade Knives

Concealed Blade Knives, due to design reasons, only released a small part of the blade, while the rest was protected by a sheath to avoid contact with the user. The hook design can also prevent the small area of the blade from contacting with the user's fingers, so that the user can hardly be injured in the cutting process. There are different versions of Concealed Blade Knives.

Application Overview:

By application, the Construction segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Safety Box Cutter market covered in Chapter 3:

MARTOR
Great Star
Wurth Group
Pacific Handy Cutter
Milwaukee Tool
Snap-on Inc.
OLFA
Slice, Inc.
Stanley
Xingwei Cutting-Tools Technology
Tajima Tool
Great Wall Precision
Apex Tool Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Safety Box Cutter market from 2018 to 2029 is primarily split into:

Retractable Knives
Concealed Blade Knives
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Safety Box Cutter market from 2018 to 2029 covers:

Grocery
Logistic
Construction
Electronic
Chemical
Medical
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)