Commercial Kitchen Knives Market 2019 is predicted to experience a rapid growth by 2023

The Future of the Commercial Kitchen Knives Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023
The emergence of newer materials in the manufacturing of commercial kitchen knives is proving to be advantageous for companies in the process of product development. Of all, one such new material that’s gaining popularity and being used widely to manufacture kitchen knives is powdered steel, that improves the sharpness of the blade. The method is called powder metallurgy that uses various grades of steel such as R2 and SG2. Some of the key vendors that offer commercial kitchen knives made from powdered steel are ZWILLING J.A. HENCKELS, Tojiro, and Kai Group.
The analysts have predicted that the commercial kitchen knives market will grow at a CAGR of over 5 % by 2023.
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Regional Analysis of Commercial Kitchen Knives Market:
• APAC
• EMEA
• Americas
Market Overview
Increased demand for customized commercial kitchen knives.
Customization is growing in demand and popularity in the commercial kitchen knives market. From handles made of unique materials to knives with different quality of blades, many chefs and end-user establishments today ensure that the commercial kitchen knives they use are ergonomically designed and significantly caters to their needs. Consequently, several commercial kitchen knives manufacturers provide a customization option, which is expected to be one of the major drivers for the growth of the market.
Increasing steel prices
Steel is an important commodity in the manufacture of commercial kitchen knives. Steel is used in various forms for preparing blades of commercial kitchen knives. As steel prices are volatile, the fluctuation in steel prices can affect the supply chain of knife manufacturing.
For the detailed list of factors that will drive and challenge the growth of the commercial kitchen knives market during 2019-2023, view our report.
Competitive Landscape.
The commercial kitchen knives market appears to be fragmented with several companies present in the market and the competition is getting fierce with all companies focusing on improving their market positions through innovations. The use of new materials and technologies in knife manufacturing and the increasing demand for customization are factors that are poised to provide immense opportunities for companies.
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This market research report will help clients identify new growth opportunities. Several companies are focusing on developing commercial kitchen knives with newer materials such as powdered steel, which is attracting consumers to purchase new products with innovative materials.
Key questions answered in this report
What will the market size be in 2025 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
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