Tactical Folding Knives Market By Opening Type (Push Button Automatic Opening, Manual Opening), By End-Use Application (Military & Defense, Homeland Security, Fishing & Hunting, Sports & Recreational Activities) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Industry Outlook

A tactical knife is a blade intended to be utilized for numerous applications, including hunting, Fishing, camping, hiking, and defense applications. Furthermore, tactical folding knives can also be utilized as a self-protection tool. Tactical folding knives are available in different forms based on the different alloy materials for the blades, opening type, and handle material. A folding blade is a portable folding knife that can be collapsed closed. Folding blades stand out amongst the most flexible alternatives available since they can be single-bladed, twofold bladed, smooth, or serrated and arrive in an assortment of sizes that still fit your pocket. Obviously, numerous sorts of multi-devices, such as the Swiss Army blade, are viewed as collapsing blades, so the classification is really different. Nevertheless, a wide variety and wide range of applications are encouraging the demand for such tactical foldable knives.

Manual Opening Claim an Upper Hand Over Push Button Automatic Opening Tactical Folding Knives

Tactical folding knives have been classified into push button automatic opening and manual opening knives based on their opening method. At present, manual opening tactical folding knives lead the overall market in terms of market value. Manual knives are expected to maintain dominance throughout the forecast period due to their simple and functional designs. Manual opening knives are also less expensive compared to push-button automatic opening knives. However, an automatic opening gives the liberty to use a knife with a single hand and is extensively preferred by the defense and homeland security applications. As a result, automatic opening tactical knives are growing at a faster rate compared and are expected to increase their market share in coming years.

North America to Emerge Supre in the Global Tactical Folding Knives Market

North America is one of the most promising markets for overall tactical folding knives. North America is the biggest spender in terms of the national defense budget. The overall budget of the U.S. is expected to go beyond US$ 1 Tn in the coming years. This helped the war accessories market, including the tactical folding knives market, and is expected to get a boost from the rise in the budget. Liberal and open weapons guidelines and policies in the U.S. also helped the market to flourish in this region. Hunting, Fishing, and other adventure sports helped grow tactical folding knives and other outdoor knives markets. Europe is home to some of the most prominent tactical folding knives and multi-tools manufacturers. Active tourist spots for adventure sports and recreational activities are encouraging the demand for tactical folding knives in Europe. Similarly, growth in defense budgets and the growing trend of sports & recreational activities in the Asia Pacific are also helping the overall tactical folding knives market.

By End-use Application (2016–2026; US$ Bn)

 • Military & Defense

 • Homeland Security

 • Fishing & Hunting

 • Sports & Recreational Activities

Geography Segment (2016–2026; US$ Bn)

 • North America (U.S., Canada)

 • Europe (U.K., Germany, France, Rest of Europe)

 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)

 • Rest of the World (the Middle East & Africa, Latin America)

Competitive Landscape 

The research study covers some leading tactical folding knife markets, including Smith & Wesson, Cold Steel, SOG, Benchmade, Gerber, Zero Tolerance, CRKT, Kershaw, Spyderco, MicroTech, Victorinox, and Leatherman. The art of knifemaking is one of the few arts manufacturers take pride in. The tactical folding knives market is quite competitive, and the global leader has to face fierce competition from local manufacturers. However, these manufacturers face each other to bag contracts from government, military, and homeland security contracts for providing tactical folding knives to the forces.

In addition, the use of high-performance alloys and consistent upgrades in design are a few of the several prominent business strategies adopted by the leading manufacturers to maintain their brand value and significance in the market.

Frequently Asked Questions:

The market for Tactical Folding Knives is expected to reach US$ XX Bn in 2026.

The Tactical Folding Knives Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Smith & Wesson. Cold Steel, SOG, Benchmade, Gerber, Zero Toleranc are some of the major players in the global market.

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Published Date:  May 2019
Category:  Industrial Goods
Report ID:   59685
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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