U.S. Knife Sharpening Service Market Size, Share & Trends Analysis Report By End User (Households, Commercial, Industrial), By Region (Northeast, Southwest, West, Midwest, Southeast), And Segment Forecasts, 2020 - 2027
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U.S. Knife Sharpening Service Market Growth & Trends
The U.S. knife sharpening service market size is anticipated to reach USD 109.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027. The rapid development of urban areas, coupled with consumer preference for a wide variety of cuisines, has led to an increase in the number of cafes, specialty coffee shops, and quick-service restaurants (QSRs), in the U.S. The trend of dining in restaurants and cafes offers lucrative growth opportunities for knife sharpening service providers.
According to the National Restaurant Association, U.S., there were over 1 million restaurant locations in the country in 2019. In addition, the growth of the restaurant industry owing to consumers’ desire for convenience, socialization, and high-quality food and service has resulted in restaurant owners investing in modern and quality kitchen knives. This factor acts as a major driver for the market in the country.
According to the American Barber Association, there are 140,000 businesses providing barbershop services in the United States. Hence, growing demand for the sharpening of scissors and blades is driving the need for sharpening service providers.
The increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end restaurants, supports the demand for kitchen knife sharpening services in the commercial segment. The growing trend of tourism, coupled with growing consumer willingness to spend on exploring exotic destinations, luxury hotels, and culinary travels, is also expected to drive the demand for kitchen knives and knife sharpening services in the country.
Hotels, restaurants, barbershops, and lawnmower repair shops are among the major end-users of sharpening services for knives and other cutting tools. In addition, residential households that use high-priced and premium quality knives opt for knife sharpening services in order to enhance the life span of the knife and retain the quality of the blade.
Consumers tend to opt for seasoned knife sharpening service providers with extensive experience in the industry. Moreover, consumers prefer that knives be sharpened on whetstones that typically start off at 1,000 grit and finish anywhere between 6,000 grit and 10,000 grit. The trend of electric sharpeners is also increasing among business owners in order to cater to the rising demand for normal/minor sharpening services. Some of the major benefits of using electric sharpeners among knife sharpening service providers are low cost and less time consumption.
One of the major factors affecting purchasing decisions is the turnaround time of knives in the market. Moreover, the durability and quality of sharpening are key in influencing consumers’ decisions on whether or not to visit again. Word-of-mouth marketing also significantly affects the purchasing decisions of consumers. In addition, the growing presence of service offerings via social media and e-commerce platforms is influencing and changing the way consumers opt for such services. Several players in the market choose to mail-order services to increase their reach among consumers. New entrants offering various innovative solutions and practices also influence the purchasing decisions of consumers.
The cost of the service is also a major factor affecting the buying decisions of consumers. Consumers with high-volume needs to seek services at lower costs and with less turnaround time. Growing awareness about the benefits of sharp knives and cutting tools is also driving consumers to opt for professional services instead of at-home or DIY practices.
U.S. Knife Sharpening Service Market Report Highlights
U.S. Knife Sharpening Service Market Growth & Trends
The U.S. knife sharpening service market size is anticipated to reach USD 109.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027. The rapid development of urban areas, coupled with consumer preference for a wide variety of cuisines, has led to an increase in the number of cafes, specialty coffee shops, and quick-service restaurants (QSRs), in the U.S. The trend of dining in restaurants and cafes offers lucrative growth opportunities for knife sharpening service providers.
According to the National Restaurant Association, U.S., there were over 1 million restaurant locations in the country in 2019. In addition, the growth of the restaurant industry owing to consumers’ desire for convenience, socialization, and high-quality food and service has resulted in restaurant owners investing in modern and quality kitchen knives. This factor acts as a major driver for the market in the country.
According to the American Barber Association, there are 140,000 businesses providing barbershop services in the United States. Hence, growing demand for the sharpening of scissors and blades is driving the need for sharpening service providers.
The increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end restaurants, supports the demand for kitchen knife sharpening services in the commercial segment. The growing trend of tourism, coupled with growing consumer willingness to spend on exploring exotic destinations, luxury hotels, and culinary travels, is also expected to drive the demand for kitchen knives and knife sharpening services in the country.
Hotels, restaurants, barbershops, and lawnmower repair shops are among the major end-users of sharpening services for knives and other cutting tools. In addition, residential households that use high-priced and premium quality knives opt for knife sharpening services in order to enhance the life span of the knife and retain the quality of the blade.
Consumers tend to opt for seasoned knife sharpening service providers with extensive experience in the industry. Moreover, consumers prefer that knives be sharpened on whetstones that typically start off at 1,000 grit and finish anywhere between 6,000 grit and 10,000 grit. The trend of electric sharpeners is also increasing among business owners in order to cater to the rising demand for normal/minor sharpening services. Some of the major benefits of using electric sharpeners among knife sharpening service providers are low cost and less time consumption.
One of the major factors affecting purchasing decisions is the turnaround time of knives in the market. Moreover, the durability and quality of sharpening are key in influencing consumers’ decisions on whether or not to visit again. Word-of-mouth marketing also significantly affects the purchasing decisions of consumers. In addition, the growing presence of service offerings via social media and e-commerce platforms is influencing and changing the way consumers opt for such services. Several players in the market choose to mail-order services to increase their reach among consumers. New entrants offering various innovative solutions and practices also influence the purchasing decisions of consumers.
The cost of the service is also a major factor affecting the buying decisions of consumers. Consumers with high-volume needs to seek services at lower costs and with less turnaround time. Growing awareness about the benefits of sharp knives and cutting tools is also driving consumers to opt for professional services instead of at-home or DIY practices.
U.S. Knife Sharpening Service Market Report Highlights
- The households segment accounted for a share of 55.0% in 2019
- The commercial end-user segment is expected to expand at the fastest CAGR of 5.5% from 2020 to 2027
- The Western region of the U.S. was valued at USD 18.6 million in 2019.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
CHAPTER 3. U.S. KNIFE SHARPENING SERVICE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of U.S. knife sharpening service Market
3.7. Market Entry Strategies
3.8. Service Cost Analysis
3.9. Impact of COVID-19
CHAPTER 4. CONSUMER BEHAVIOUR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. U.S. KNIFE SHARPENING SERVICE MARKET: END USER ESTIMATES & TREND ANALYSIS
5.1. End User Movement Analysis & Market Share, 2019 & 2027
5.2. Households
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Industrial
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
CHAPTER 6. U.S. KNIFE SHARPENING SERVICE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. Northeast
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.3. Southwest
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.4. West
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.5. Midwest
6.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.6. Southeast
6.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2019
CHAPTER 8. COMPANY PROFILES
8.1. Carter Cutlery
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. American Cutting Edge, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Cozzini Bros, Inc.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Florida Knife Company
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Town Cutler
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Eversharp Knives
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. John’s Sharpening Service & Cutlery
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Market Grinding Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. National Sharpening Company
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.10. Strategic Initiatives Rod’s Sharpening Service
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
CHAPTER 3. U.S. KNIFE SHARPENING SERVICE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of U.S. knife sharpening service Market
3.7. Market Entry Strategies
3.8. Service Cost Analysis
3.9. Impact of COVID-19
CHAPTER 4. CONSUMER BEHAVIOUR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. U.S. KNIFE SHARPENING SERVICE MARKET: END USER ESTIMATES & TREND ANALYSIS
5.1. End User Movement Analysis & Market Share, 2019 & 2027
5.2. Households
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Industrial
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
CHAPTER 6. U.S. KNIFE SHARPENING SERVICE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. Northeast
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.3. Southwest
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.4. West
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.5. Midwest
6.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
6.6. Southeast
6.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2019
CHAPTER 8. COMPANY PROFILES
8.1. Carter Cutlery
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. American Cutting Edge, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Cozzini Bros, Inc.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Florida Knife Company
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Town Cutler
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Eversharp Knives
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. John’s Sharpening Service & Cutlery
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Market Grinding Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. National Sharpening Company
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.10. Strategic Initiatives Rod’s Sharpening Service
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
LIST OF TABLES
1. U.S. knife sharpening service - Key market driver analysis
2. U.S. knife sharpening service - Key market restraint analysis
3. U.S. knife sharpening service market estimates and forecast, for Commercial, 2016 - 2027 (USD Million)
4. U.S. knife sharpening service market estimates and forecast, for Households, 2016 - 2027 (USD Million)
5. U.S. knife sharpening service market estimates and forecast, for Industrial, 2016 - 2027 (USD Million)
6. Northeast knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
7. Northeast knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
8. Southwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
9. Southwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
10. Southwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
11. Southwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
12. West knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
13. West knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
14. Midwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
15. Midwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
16. Southeast knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
17. Southeast knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
18. Vendor landscape
1. U.S. knife sharpening service - Key market driver analysis
2. U.S. knife sharpening service - Key market restraint analysis
3. U.S. knife sharpening service market estimates and forecast, for Commercial, 2016 - 2027 (USD Million)
4. U.S. knife sharpening service market estimates and forecast, for Households, 2016 - 2027 (USD Million)
5. U.S. knife sharpening service market estimates and forecast, for Industrial, 2016 - 2027 (USD Million)
6. Northeast knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
7. Northeast knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
8. Southwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
9. Southwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
10. Southwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
11. Southwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
12. West knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
13. West knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
14. Midwest knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
15. Midwest knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
16. Southeast knife sharpening service market estimates and forecast, 2016 - 2027 (USD Million)
17. Southeast knife sharpening service market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
18. Vendor landscape
LIST OF FIGURES
1. U.S. knife sharpening service Market snapshot
2. U.S. knife sharpening service Market segmentation & scope
3. U.S. knife sharpening service Market penetration & growth prospect mapping
4. U.S. knife sharpening service value chain analysis
5. U.S. knife sharpening service Market dynamics
6. U.S. knife sharpening service Market: Porter's analysis
7. U.S. knife sharpening service Market: End User movement analysis
8. U.S. knife sharpening service Market: Regional movement analysis
1. U.S. knife sharpening service Market snapshot
2. U.S. knife sharpening service Market segmentation & scope
3. U.S. knife sharpening service Market penetration & growth prospect mapping
4. U.S. knife sharpening service value chain analysis
5. U.S. knife sharpening service Market dynamics
6. U.S. knife sharpening service Market: Porter's analysis
7. U.S. knife sharpening service Market: End User movement analysis
8. U.S. knife sharpening service Market: Regional movement analysis
