Introduction
Knife sharpening is the process of making a knife or similar tool sharp by grinding against a hard, rough surface, typically stone, or a soft surface with hard particles, such as sandpaper. It can help solve the dull knives problem, extending the lifetime of knives.
Factors such as the rapid development of urban areas, a growing number of hotels, restaurants, cafes, lawn mower repair shops, sewing shops, wood shops, sheep shearers, cheese shops, and salons are driving the market demand.
As knife sharpening services have taken longer to deliver orders due to supply chain disruptions during the pandemic, the customers have shifted towards sharpening the knives at home with equipment bought online. However, the recovering service operations from 2021 beginning are expected to create lucrative opportunities during COVID-19.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 US
10. Growth drivers
10.1 Increasing urbanization and rising disposable incomes
10.2 Growing popularity of cooking shows
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Carter Cutlery
15.2 American Cutting Edge
15.3 Cozzini Bros
15.4 Florida Knife Company
15.5 Town Cutler
15.6 Eversharp Knives
15.7 Smith’s
15.8 Town Cutler
15.9 National Sharpening Company
15.10 Market Grinding
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
U.S knife sharpening service market is expected to grow to $97.60 million by 2025.
Growth momentum is expected to accelerate during the forecast period with 6.51% CAGR.
The household segment dominated the market due to factors such as increasing urbanization, growing importance of periodically sharpening the knives.
The commercial end-user segment is expected to grow at higher CAGR during the forecast period.
Key Trends
The increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end restaurants, is anticipated to propel the demand for the market in the coming years.
In recent times, there is an increasing awareness to enhance the life span of the knife and retain the quality of the blades are expected to create lucrative opportunities in the near future.
Key Market Players
Some of the key players in the market are Carter Cutlery, American Cutting Edge, Cozzini Bros, Florida Knife Company, Town Cutler, Eversharp Knives.
The market comprises both established as well as small to mid-sized players, which offer selected sharpening services and mostly serve local customers. Therefore, the industry participants are focusing on improving their sharpening services in order to sustain their competitive position in the market.
Growth Drivers and Challenges
Increasing urbanization and rising disposable incomes are driving the market demand.
Growing popularity of cooking shows along with pursuing cooking as prominent future career are also contributing to the market growth.