Craft Knifes - Global Strategic Business Report

The global market for Craft Knifes was estimated at US$420.1 Million in 2024 and is projected to reach US$597.7 Million by 2030, growing at a CAGR of 6.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Craft Knifes market.

Global Craft Knives Market - Key Trends & Drivers Summarized

Why Are Craft Knives Gaining Popularity? Exploring the Rise in DIY and Precision Cutting Trends

The global craft knives market has seen significant growth in recent years, driven by the increasing popularity of do-it-yourself (DIY) projects, paper crafting, and precision cutting applications across various industries. With the rise of e-commerce and digital content, hobbyists, artists, and professional designers now have greater access to a diverse range of craft knives tailored to their specific needs. The growing trend of home-based crafting, fueled by social media platforms like Pinterest and YouTube, has encouraged consumers to invest in high-quality craft knives for tasks such as scrapbooking, model-making, and intricate paper-cutting. Additionally, the expansion of the education sector and the integration of art and craft activities in school curricula have increased demand for safe and ergonomic craft knives. The growing interest in handmade products, personalized gifts, and artistic expression has further propelled market growth. Additionally, industries such as architecture, fashion, and automotive design increasingly rely on precision cutting tools, solidifying craft knives as essential professional instruments.

What Are the Leading Product Categories in the Craft Knives Market? A Breakdown of Popular Designs

The craft knives market comprises a wide range of products, each designed for specific cutting needs. The most common types include precision craft knives, retractable utility knives, hobby knives, and specialty blades designed for fabric, wood, or leather. Precision craft knives, equipped with ultra-sharp, interchangeable blades, remain the most popular among artists, model builders, and DIY enthusiasts who require fine detailing and accuracy. Retractable utility knives, commonly used for paper cutting and general crafting, offer safety features that minimize the risk of accidental cuts. Additionally, heavy-duty craft knives designed for cutting through dense materials such as foam board, plastic, and leather have gained traction among professional users. The market is also witnessing the rise of eco-friendly craft knives made from sustainable materials, aligning with the growing consumer preference for environmentally responsible products. Customization and ergonomic handle designs have become key differentiators, as manufacturers focus on enhancing user comfort and blade control for prolonged usage.

How Are Innovations Transforming the Craft Knives Industry? The Role of Advanced Materials and Design

The craft knives industry is evolving through continuous advancements in material science, blade durability, and ergonomic design. The introduction of high-carbon steel and titanium-coated blades has significantly improved the longevity and sharpness of craft knives, reducing the need for frequent blade replacements. Additionally, self-healing cutting mats and smart safety locking mechanisms have enhanced user experience, particularly among beginners and young crafters. The rise of 3D-printed craft knives, which offer customizable grips and interchangeable blade angles, has also contributed to market expansion. The integration of anti-slip coatings and lightweight composite handles has improved precision control, making craft knives more accessible for individuals with limited dexterity. Furthermore, the development of automated cutting tools with digital guidance features is reshaping the industry, providing users with enhanced accuracy and reduced hand fatigue. The increasing collaboration between craft knife manufacturers and leading designers has resulted in aesthetically appealing, high-performance cutting tools that cater to both professionals and hobbyists.

What’s Fueling the Growth of the Craft Knives Market? Key Market Drivers Unveiled

The growth in the global craft knives market is driven by several factors, including the rising popularity of crafting as a hobby, the expansion of the e-commerce sector, and technological advancements in blade manufacturing. The increasing penetration of online craft communities and subscription-based DIY kits has encouraged more consumers to explore precision crafting, leading to higher demand for premium-quality craft knives. Additionally, the expansion of creative industries such as graphic design, fashion, and interior decoration has contributed to market growth, with professionals requiring precise cutting tools for prototyping and model-making. The availability of affordable and durable craft knives has made them accessible to a wider audience, further accelerating adoption. The growing influence of sustainability initiatives has also encouraged manufacturers to develop biodegradable handles and recyclable blade packaging, aligning with eco-conscious consumer preferences. With continuous innovation and expanding applications, the global craft knives market is expected to witness sustained growth, driven by the fusion of artistry, technology, and ergonomic efficiency.

Report Scope

The report analyzes the Craft Knifes market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Product (Light-Duty Craft Knifes, Medium-Duty Craft Knifes, Heavy-Duty Craft Knifes, Swivel Craft Knifes, Fingertip Craft Knifes, Other Craft Knifes); Distribution Channel (Online Distribution Channel, Offline Distribution Channel); End-Use (Professional End-Use, Amateur End-Use)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Light-Duty Craft Knifes segment, which is expected to reach US$145.0 Million by 2030 with a CAGR of a 4.5%. The Medium-Duty Craft Knifes segment is also set to grow at 8.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $114.5 Million in 2024, and China, forecasted to grow at an impressive 9.2% CAGR to reach $120.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Craft Knifes Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Craft Knifes Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Craft Knifes Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Excel Blades, Fiskars Group, Great Star Industrial Co., Ltd., Jewel Blade Ltd., Jiangsu Goldmoon Industry Co., Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 48 Featured):

• Excel Blades
• Fiskars Group
• Great Star Industrial Co., Ltd.
• Jewel Blade Ltd.
• Jiangsu Goldmoon Industry Co., Ltd.
• KAI Group
• Logan Graphic Products, Inc.
• Maped Helix USA
• Martor KG
• NT Cutter
• NT Cutter (Hefei) Co., Ltd.
• NT Incorporated
• OLFA Corporation
• Pacific Handy Cutter, Inc.
• Shanghai Xingwei Craft Knife Co., Ltd.
• Slice, Inc.
• Stanley Black & Decker, Inc.
• Westcott (Acme United Corporation)
• X-Acto (Elmer`s Products, Inc.)

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry