A safety knife is a type of switchblade with a self-retracting blade that is mainly used to open boxes and packages. Safety knives can be used in many different industries, helping to greatly reduce the risk of knives posing injuries in the workplace and are also one of the most commonly used tools in the work environment.
A retractable knife is a type of switchblade with a self-retracting blade that can effectively cut cardboard, plastic, and other types of packaging by placing the blade slider on the side and pushing it into a convenient position. Once the slider is released, the telescopic blade can be automatically retracted, providing greater protection for the employee than standard knives. This retractable knife protects the user and the material being cut, and is mainly used to open boxes and packages. The concealed blade has a special design in which only a small part of the blade is exposed, while the rest is protected by a sheath to avoid contact with the user. The hook design also prevents the small area of the blade from coming into contact with the user's fingers, ensuring that the user will not be injured during the cutting process, and there are different types of hidden blades.
Grocery stores primarily retail a variety of food items, which may be fresh or packaged. In the grocery business, safety knives can be used to cut boxes, including emptying contents, storing materials, or displaying merchandise. The logistics of physical items typically involve information flow, material handling, production, packaging, inventory, transportation, etc., while safety knives are often used to package and unpack items or cut thicker materials such as cardboard. The construction industry includes construction and installation activities engaged in the design, interior and exterior decoration of buildings. Safety knives can be used to cut corrugated boxes, heat shrink wrap, plastic strapping, carton tape, strapping, twine, etc., and are widely used in the construction industry. Safety knives are also used in the electronics industry, the chemical industry, the medical industry and the automotive industry.
The development status of the global safety knife industry market
The Americas is the largest market by revenue, with a market share of 25.77% in 2015 and decreased to 25.75% in 2019, while Europe ranks second with a market share of 21.80% in 2019. Safety knife manufacturers are mainly from the United States and Europe, and the industry concentration rate is high. In the early days of the epidemic, the safety knife industry was affected by the shutdown of factories, the suspension of express delivery, and the suspension of downstream market operations. With the epidemic under control and the recovery of basic production, but in the fear of repeated epidemics, residents travel less, more frequent online shopping, and need to use safety knives to disassemble express delivery, compared with traditional knives, safety knives are safer, so the demand for safety knives is increasing.
China has a significant market share in the Asia-Pacific safety knife market. With the rapid development of China's construction and logistics industries, the demand for safety knives in China has skyrocketed. China's largest online retailers, Alibaba and JD.com, are in high demand, boosting the demand for safety knives in the market. Safety knives can also be used in the construction industry to avoid injuries to employees on the job. As a result, the market demand for safety knives in China is increasing, thereby contributing to the overall development of the industry.
Global safety knife industry market development forecast
The global safety knife industry market was valued at USD 70.64 MN in 2015, increased to USD 91.88 MN in 2019, and is expected to reach USD 116.96 MN by 2025, registering a CAGR of 4.44% from 2020 to 2025.
With the rise of various online retailers, many industries have begun to implement the model of simultaneous operation of online websites and offline stores to promote product sales. The most prominent feature of online transactions is the need to distribute the goods through logistics, and after the online transaction is completed, the goods are delivered directly to the buyer by courier. As a result, online sales have contributed to the rapid development of the logistics industry. Logistics companies need to inspect outgoing parcels, so they need security knives to handle a large number of express packages. Safety knives are very convenient to use, saving time and improving the efficiency of inspectors, therefore, the convenience of safety knives in the logistics industry has increased the demand for safety knives in logistics companies.
In addition, many safety knife companies themselves have begun to join online sales. Compared to traditional stores, it is easier to reduce transaction costs, business management becomes easier, and online sales sites are more convenient for recording store inventory, shipping, logs, and overall business transactions. The online sales website also provides a real-time update feature to explore all the latest business trends, communicate with customers in a timely manner, solve problems, and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online, making it more convenient for consumers to buy safety knives online The convenience of the Internet and the development of e-commerce have promoted the growth of demand for safety knives.
The manufacturing process of safety knives is relatively simple, and the technical barriers in the industry are not high, so many enterprises can join the safety knife production industry. Many companies operate in this area and continue to expand their markets through acquisitions and mergers, such as the Würth Group, and the addition of other companies can continue to execute their strategy of expanding their core assets into profitable, complementary market segments and locations. As a result, the competition in the industry is fierce, all enterprises are using different ways to expand the market, increase their market share, safety knife enterprises are facing challenges, enterprises should develop investment development strategies and innovative products to promote their own development.