The European Union’s market for knives and cutting blades is expected to see steady growth over the next decade. This growth is mainly driven by rising demand from the machinery and mechanical appliance industries.
Between 2024 and 2035, the market volume is projected to grow at a compound annual growth rate (CAGR) of 1.5%. This growth will bring the market volume to about 103,000 tons by 2035.
In terms of value, the market is forecast to expand even faster, with a CAGR of 2.7%. By 2035, the market value is expected to reach $2.1 billion based on nominal wholesale prices.
This steady upward trend reflects continued industrial demand and the importance of knives and cutting blades in various machine applications throughout the EU.
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