A blade is a cutting tool that is used for a variety of tasks including scraping and peeling debris, cutting uneven surfaces such as concrete floors, and carpet cutting, flooring, and film slitting. It is also used in packaging, flooring, roofing, crafts, and graphic arts. Over the forecast period, demand for blade is expected to rise due to the expansion of end-use industries such as food, construction, and grooming.
The global blade market was valued at US$ 4,611.7 Mn in 2018, and is expected to exhibit a CAGR of 4.7%, in terms of revenue, over the forecast period (2019-2027), to reach US$ 6,973.7 Mn by 2027.
The blade market is expected to grow significantly during the forecast period, owing to rising demand for blades from various end-use industries and the rising personal hygiene industry. Furthermore, the increasing use of snap-off blades in packaging, flooring, and roofing is expected to provide market players with opportunities for expansion.
The growing use of snap-off blades in the production of utility knives and snap-off knives is expected to provide manufacturers with growth opportunities in the global blade market. Snap-off knives, for example, were valued at US$ 390.8 Mn in 2018 and are expected to grow at a CAGR of 4.9 percent to reach US$ 602.1 Mn by 2027, according to Worldwide Market Report.
A blade is a cutting tool that is used for a variety of tasks including scraping and peeling debris, cutting uneven surfaces such as concrete floors, and carpet cutting, flooring, and film slitting. It is also used in packaging, flooring, roofing, crafts, and graphic arts. Over the forecast period, demand for blade is expected to rise due to the expansion of end-use industries such as food, construction, and grooming.
Key companies operating in the global blade market include Olfa Corporation, Stanley Black & Decker, Inc., U.S. Blade Manufacturing Co. Inc., Irwin Industrial Tools, DeWalt, Pacific Handy Cutter Inc., Lenox, Craftsman, Better Tools LLC, and Warner Manufacturing Company.
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