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

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

Safety Cutter is a spring knife with automatic retraction blade, which is mainly used to open boxes and packages. Safety Cutter 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 Cutter market finds that the global Safety Cutter market reached a value of USD 256.91 million in 2022. It’s expected that the market will achieve USD 350.03 million by 2028, exhibiting a CAGR of 5.29% 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 Cutter goods of enterprises was hindered, because transportation channels such as railway transportation and highway transportation were restricted, so the transportation cost of Safety 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 Safety 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 Cutter is more secure, and the goods purchased by residents on the Internet are increasing rapidly, which requires Safety Cutter to dismantle express delivery, so consumers' demand for Safety Cutter is increasing. Safety Cutter industry has also joined the online sales. It is more convenient to sell Safety Cutter online through e-commerce. Under the influence of epidemic, consumers can't go out and use the Internet more often, so the number of online shopping has also increased, thus promoting the online sales of Safety Cutter. The growth of these demands has promoted the development of Safety Cutter industry.

Competition in the industry is fierce

The manufacturing process of Safety Cutter is relatively simple, and the technical barriers in the industry are not high, so many companies can join the Safety Cutter industry, and some companies carry out business in this field of Safety 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 Cutter industry are facing great challenges. Enterprises should formulate investment development strategies and innovate new products to promote their own development.

Increased demand from the application of 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 logistics industry, which develops rapidly. Logistics companies need to check the delivered express delivery, so they need Safety Cutter to handle a large number of express packages. Safety 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 Cutter in logistics industry increases the demand of logistics companies for Safety Cutter.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (29.73% in 2021).

Company Overview:

Stanley is one of the major players operating in the Safety Cutter market, holding a share of 20.31% in 2022.

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 line, automatic assembly and packaging line, direct reading spectrometer and other cutting tool production and testing equipment. Xingwei Cutting-Tools Technology has set up the R&D center of China art knife industry, which is a tool manufacturer with GS certificate in China.

Segmentation Overview:

As for product types, the Retractable Knives segment held the largest market share in 2021.

Retractable Knives

Retractable Knives is a spring knife with an automatic retraction blade, which has a hidden blade and 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.

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.

Application Overview:

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

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

NT Cutter
Stanley
Nova
Pacific Handy Cutter
Wurth Group
Milwaukee Tool
MARTOR
Slice, Inc.
OLFA
Apex Tool Group
Xingwei Cutting-Tools Technology
Great Star

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

Retractable Knives
Concealed Blade Knives

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

Grocery
Logistic
Construction
Electronic
Chemical
Medical
Automotive

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)