Knife Sharping Service Market

Knife Sharping Service Market by End-users (Household, Commercial, and Industrial) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: EP-323
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 191
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Global knife sharping service market was valued at USD 70.6 million in 2020 and projected to reach USD 117.1 million by 2028, expanding at a CAGR of about 6.7% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for knife sharpening from various end-users such as household, commercial, and industrial units.

Knife Sharping Service Market Key Takeaways

Knives are key tools and essential items in a kitchen and to maintain a sharp knife helps chef in the fine preparation of food items. Knife sharping is widely adopted as a common practice among restaurants and hotels providing food service to customers. Electrical and manual knife sharpeners are the most common methods for fixing a dull blade.

Some of the major advantages of using electric sharpeners is that it provides sharpening service at a low cost as well as is less time consumption. An electric sharpener consists of the abrasives, which are motorized wheels that spin against the blade when the knife is inserted from the base and pull backward in a slow and straight motion toward the in a slow and straight motion towards the tip. Manual knife sharpener are operated manually using V-shaped sharpener chambers where the users pull the knife from the base to the user pulls the knife from the base to the tip repeatedly. Knife sharping service is easy to use and available in very low cost.

Market Drivers, Restraints, Trends, and Opportunities

  • Growing awareness about the benefits of sharp knives and cutting tools in the foods preparation is a major driver of the market growth.
  • Rising development of advanced electric sharpeners is another key driving factor for the market.
  • Increasing urbanization and rapid opening up of several fast food restaurants and hotels in developing countries as a result of population growth are some major drivers of the market growth.
  • Short life span of the knives using electric sharpening machines is a main challenge that is expected to hamper the market growth.
  • The global outbreak of COVID-19 has positive impact on knife sharpening service. The movement restriction and shutdown of outdoor restaurants have raised the demand for knife sharpening service due to increasing habit of food preparation at home within several households. On a commercial level, the demand for this service has been hampered significantly due to the same reason.

Scope of the Report

The report on the global knife sharping service market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Knife Sharping Service Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Household, Commercial, and Industrial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

American Cutting Edge, Coccini Bros, Floria Knife Company, Town Cutler, Eversharp Knives, John’s Sharpening Service & Cutey, Market Grinding Inc., and National Sharpening Company Rod’s Sharpening Service


Knife Sharping Service Market Segment Insights

Based on end-users, the knife sharping service market is segmented into household, commercial, and industrial. The household segment held for over 33% of the market share in 2020 and is anticipated to account for a major share during the forecast period due to wide use of different knives in cooking at home kitchen. Increasing large number of users and rising demand for knife sharping service for home food preparation and the wide availability of extremely versatile and a variety of sizes and style are the key factors driving the segment growth.

Knife Sharping Service Market By End User

However, the commercial segment is estimated to hold a substantial share of the market during the analysis period owing to increasing numbers of restaurants and hotels offering a variety of the dishes and cuisine. Restaurant is representing a leading segment and is anticipated to project an impressive growth rate during the forecast period.

In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is dominating the knife sharping market and is projected to grow significantly in the coming years as the number of fast food restaurants and hotels are rising rapidly due to the process of urbanization in the region. Europe is expected to account for a large share in the coming years owing to wide habit of eating foods outside home.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Knife Sharping Service Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Knife Sharping Service Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Knife Sharping Service Market - Supply Chain
  4.5. Global Knife Sharping Service Market Forecast
     4.5.1. Knife Sharping Service Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Knife Sharping Service Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Knife Sharping Service Market Absolute $ Opportunity
5. Global Knife Sharping Service Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Knife Sharping Service Market Size and Volume Forecast by End Users
     5.3.1. Household
     5.3.2. Commercial
     5.3.3. Industrial
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Knife Sharping Service Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Knife Sharping Service Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Knife Sharping Service Demand Share Forecast, 2019-2026
7. North America Knife Sharping Service Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Knife Sharping Service Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Knife Sharping Service Market Size and Volume Forecast by End Users
     7.4.1. Household
     7.4.2. Commercial
     7.4.3. Industrial
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Knife Sharping Service Demand Share Forecast, 2019-2026
8. Latin America Knife Sharping Service Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Knife Sharping Service Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Knife Sharping Service Market Size and Volume Forecast by End Users
     8.4.1. Household
     8.4.2. Commercial
     8.4.3. Industrial
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Knife Sharping Service Demand Share Forecast, 2019-2026
9. Europe Knife Sharping Service Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Knife Sharping Service Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Knife Sharping Service Market Size and Volume Forecast by End Users
     9.4.1. Household
     9.4.2. Commercial
     9.4.3. Industrial
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Knife Sharping Service Demand Share Forecast, 2019-2026
10. Asia Pacific Knife Sharping Service Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Knife Sharping Service Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Knife Sharping Service Market Size and Volume Forecast by End Users
     10.4.1. Household
     10.4.2. Commercial
     10.4.3. Industrial
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Knife Sharping Service Demand Share Forecast, 2019-2026
11. Middle East & Africa Knife Sharping Service Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Knife Sharping Service Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Knife Sharping Service Market Size and Volume Forecast by End Users
     11.4.1. Household
     11.4.2. Commercial
     11.4.3. Industrial
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Knife Sharping Service Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Knife Sharping Service Market: Market Share Analysis
  12.2. Knife Sharping Service Distributors and Customers
  12.3. Knife Sharping Service Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. American Cutting Edge
     12.4.2. Coccini Bros
     12.4.3. Floria Knife Company
     12.4.4. Town Cutler
     12.4.5. Eversharp Knives
     12.4.6. John’s Sharpening Service & Cutey
     12.4.7. Market Grinding Inc
     12.4.8. National Sharpe
Segments Covered in the Report
The global knife sharping service market has been segmented on the basis of

End-users
  • Household
  • Commercial
  • Industrial
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Major players competing in the global knife sharping service market include American Cutting Edge, Coccini Bros, Floria Knife Company, Town Cutler, Eversharp Knives, John’s Sharpening Service & Cutey, Market Grinding Inc., and National Sharpening Company Rod’s Sharpening Service.

Some of these companies are engaged in research activities to expand their consumer base and to incorporate advanced technologies in the development of their knife sharpening devices.

Knife Sharping Service Market By Key Players

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