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According to the latest research, the global Box Cutter market size was valued at USD 1042.14 million in 2022 and is expected to expand at a CAGR of 1.59% during the forecast period, reaching USD 1145.8 million by 2028.
Box Cutter is a small cutting tool that is designed for opening cardboard boxes and typically consists of a retractable razor blade in a thin metal or plastic sheath. Box Cutter can be divided into Snap-off Knives, Retractable Knives, Fixed Blade Knives.
Market Risks/Restraints
With the development of the Internet and the rise of e-commerce, Box Cutter product prices, product types, and product functions have become more transparent. Before purchasing a Box Cutter, consumers can obtain a large amount of information through online channels, and their choices are gradually increasing.
The homogeneity of Box Cutter products is serious. When consumers choose products, price becomes an important criterion. Based on the above reasons, low-price competition has gradually become an important means for Box Cutter companies to compete for market share. The phenomenon of low-price competition forces more companies to be involved in price wars. In this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market.
In order to stabilize the market foundation and maintain corporate profit levels, Box Cutter companies usually adopt the following measures: Small profits but quick turnover: Directly reduce product prices to increase product price advantages, thereby driving product sales to increase, relying on product sales to ensure corporate profits; reducing labor Cost: Hiring cheap labor and extending labor hours to reduce labor costs; reducing production costs: including reducing raw material costs, reducing production procedures, reducing raw material costs can be achieved by reducing the quality of raw materials, and reducing production procedures can be achieved by reducing product functions
.
All of the above methods have drawbacks. Small profits but quick turnover are prone to a vicious circle, and there are requirements for the financial strength and production capacity of enterprises. Currently, labor costs tend to rise, and the reduction of labor costs by companies will affect the stability of employees. The reduction of the cost of raw materials by enterprises will directly lead to the decline of product quality, which is not conducive to the accumulation of product reputation. Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor, and word of mouth, which is not conducive to the long-term development of enterprises, and thus affects the healthy and orderly development of the industry.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Xingwei Cutting-Tools Technology, Stanley, Taizhou Weixiang Plastic Co., Ltd., with the revenue market share of 5.19%, 4.78%, 3.67% in 2020.
Xingwei Cutting-Tools Technology
Xingwei Cutting-Tools Technology is a great and influential manufacturer of tool knives and art knives in China. The company is equipped with 236 sets of modern automatic painting line, automatic assembly and packaging line, direct reading spectrometer and other cutting tool production and testing equipment. Xingwei Cutting-Tools Technology has set up the R&D center of China art knife industry, which is a tool manufacturer with GS certificate in China.
Stanley
For the builders and protectors, for the makers and explorers, for those shaping and reshaping our world through hard work and inspiration, Stanley Black & Decker provides the tools and innovative solutions. Stanley focuses on domain security solutions, construction and DIY, industrial and automobile maintenance and engineering fastening.
Segmentation Overview:
Among different product types, Retractable Knives segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Household segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Box Cutter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Box Cutter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Box Cutter Market Report Include:
Market Size Estimates: Box Cutter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Box Cutter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Box Cutter market
Segment Market Analysis: Box Cutter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Box Cutter market situations and prospects in major and top regions and countries
Box Cutter Market
Box Cutter Industry Chain: Box Cutter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Box Cutter Industry News, Policies by regions
Box Cutter Industry Porters Five Forces Analysis
Key players in the global Box Cutter market are covered in Chapter 2:
⚫Gerber
Technology
Co., Ltd.
⚫Xingwei Cutting-Tools
⚫Milwaukee
In Chapter 6 and Chapter 9, on the basis of types, the Box Cutter market from 2018 to 2028 is primarily split into:
Snap-off Knives
Retractable Knives
Fixed Blade Knives
In Chapter 7 and Chapter 10, on the basis of applications, the Box Cutter market from 2018 to 2028 covers:
Commercial
Household
Industrial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Box Cutter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Box Cutter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Box Cutter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Box Cutter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Box Cutter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Box Cutter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Box Cutter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Box Cutter is a small cutting tool that is designed for opening cardboard boxes and typically consists of a retractable razor blade in a thin metal or plastic sheath. Box Cutter can be divided into Snap-off Knives, Retractable Knives, Fixed Blade Knives.
Market Risks/Restraints
With the development of the Internet and the rise of e-commerce, Box Cutter product prices, product types, and product functions have become more transparent. Before purchasing a Box Cutter, consumers can obtain a large amount of information through online channels, and their choices are gradually increasing.
The homogeneity of Box Cutter products is serious. When consumers choose products, price becomes an important criterion. Based on the above reasons, low-price competition has gradually become an important means for Box Cutter companies to compete for market share. The phenomenon of low-price competition forces more companies to be involved in price wars. In this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market.
In order to stabilize the market foundation and maintain corporate profit levels, Box Cutter companies usually adopt the following measures: Small profits but quick turnover: Directly reduce product prices to increase product price advantages, thereby driving product sales to increase, relying on product sales to ensure corporate profits; reducing labor Cost: Hiring cheap labor and extending labor hours to reduce labor costs; reducing production costs: including reducing raw material costs, reducing production procedures, reducing raw material costs can be achieved by reducing the quality of raw materials, and reducing production procedures can be achieved by reducing product functions
.
All of the above methods have drawbacks. Small profits but quick turnover are prone to a vicious circle, and there are requirements for the financial strength and production capacity of enterprises. Currently, labor costs tend to rise, and the reduction of labor costs by companies will affect the stability of employees. The reduction of the cost of raw materials by enterprises will directly lead to the decline of product quality, which is not conducive to the accumulation of product reputation. Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor, and word of mouth, which is not conducive to the long-term development of enterprises, and thus affects the healthy and orderly development of the industry.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Xingwei Cutting-Tools Technology, Stanley, Taizhou Weixiang Plastic Co., Ltd., with the revenue market share of 5.19%, 4.78%, 3.67% in 2020.
Xingwei Cutting-Tools Technology
Xingwei Cutting-Tools Technology is a great and influential manufacturer of tool knives and art knives in China. The company is equipped with 236 sets of modern automatic painting line, automatic assembly and packaging line, direct reading spectrometer and other cutting tool production and testing equipment. Xingwei Cutting-Tools Technology has set up the R&D center of China art knife industry, which is a tool manufacturer with GS certificate in China.
Stanley
For the builders and protectors, for the makers and explorers, for those shaping and reshaping our world through hard work and inspiration, Stanley Black & Decker provides the tools and innovative solutions. Stanley focuses on domain security solutions, construction and DIY, industrial and automobile maintenance and engineering fastening.
Segmentation Overview:
Among different product types, Retractable Knives segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Household segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Box Cutter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Box Cutter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Box Cutter Market Report Include:
Market Size Estimates: Box Cutter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Box Cutter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Box Cutter market
Segment Market Analysis: Box Cutter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Box Cutter market situations and prospects in major and top regions and countries
Box Cutter Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Box Cutter Industry Chain: Box Cutter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Box Cutter Industry News, Policies by regions
Box Cutter Industry Porters Five Forces Analysis
Key players in the global Box Cutter market are covered in Chapter 2:
⚫Gerber
Technology
Co., Ltd.
⚫Xingwei Cutting-Tools
⚫Milwaukee
In Chapter 6 and Chapter 9, on the basis of types, the Box Cutter market from 2018 to 2028 is primarily split into:
Snap-off Knives
Retractable Knives
Fixed Blade Knives
In Chapter 7 and Chapter 10, on the basis of applications, the Box Cutter market from 2018 to 2028 covers:
Commercial
Household
Industrial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Box Cutter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Box Cutter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Box Cutter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Box Cutter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Box Cutter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Box Cutter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Box Cutter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
