U.S. Knife Sharpening Service Market Impact of COVID-19 and Retail Chain Analysis by 2028

U.S. Knife Sharpening Service Industry Overview

The U.S. knife sharpening service market size is expected to reach USD 117.1 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. 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. 

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 the 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. 

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.

U.S. Knife Sharpening Service Market Segmentation

Grand View Research has segmented the U.S. knife sharpening service market on the basis of end-user and region:

Based on the End-user Insights, the market is segmented into Household, Commercial, and Industrial.

• The household segment dominated the market with a share of nearly 55.0% in 2020. This is attributed to the increasing urbanization as a result of population growth and migration.
• It is imperative to keep kitchen knives sharp so that they easily cut through food with minimum slippage.
• The commercial segment is expected to witness the fastest growth over the forecast period.
• The rapid expansion of commercial spaces, like hotels, resorts, and large food joints, is propelling the demand for kitchen tools, such as knives, which is likely to bode well for the commercial segment over the forecast period.
• The growing trend of food away from home has been presenting lucrative growth opportunities for restaurants and eating joints, which subsequently drives the demand for knives and knife sharpening services in the commercial segment.

U.S. Knife Sharpening Service Regional Outlook

• Northeast
• Southwest
• Midwest
• West
• Southeast

Key Companies Profile & Market Share Insights

The market is characterized by the presence of several established players. These players account for a considerable market share and have a strong presence across the U.S. The market also comprises small to midsized players, which offer selected sharpening services and mostly serve local customers. The impact of established players on the market is quite high as a majority of them have vast networks across the U.S. to reach out to their large customer base. Key players operating in the market are focusing on offering excellent sharpening services and experiences in order to boost revenue growth and reinforce their position in the market.

Some prominent players in the U.S. knife sharpening service market include:

• Carter Cutlery
• American Cutting Edge, Inc.
• Cozzini Bros, Inc.
• Florida Knife Company
• Town Cutler
• Eversharp Knives
• John’s Sharpening Service & Cutlery
• Market Grinding Inc.
• National Sharpening Company
• Rod’s Sharpening Service

Order a free sample PDF of the U.S. Knife Sharpening Service Market Intelligence Study, published by Grand View Research.

U.S. Knife Sharpening Service Market Consumer Trends and Preferences Analysis Report by 2028

U.S. Knife Sharpening Service Industry Overview

The U.S. knife sharpening service market size was valued at USD 70.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The growing popularity of cooking shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, has renewed interest in preparing meals at home, thereby driving the kitchen knives market. Furthermore, cooking as a prominent career choice is expected to drive the demand for kitchen knives in the near future. Consumers who purchase high-priced knives are the major seekers of sharpening services. A growing number of hotels, restaurants, cafes, lawn mower repair shops, sewing shops, wood shops, sheep shearers, cheese shops, and salons is also acting as a major factor for the growth of the market in the U.S. 

Gather more insights about the market drivers, restraints, and growth of the U.S. Knife Sharpening Service market

Consumers in the market are opting for award-winning service providers. Hence, companies are focusing on gaining reviews and awards. For instance, Carter Cutlery’s founder Murray Carter was recognized as one of Portland’s Master Bladesmith by the Portland Monthly Magazine in the March 2018 issue. In February 2018, Engearment.com reviewed Murray’s Perfect Neck Knife Carter Cutlery. According to the reviewer, Carter neck knives are EDC cutlery perfection.

In 2015, Rod’s Sharpening Service won second place in a nationally recognized sharpening contest i.e. Sharpeners Report contest in Hickory, North Carolina, the U.S. These recent developments and strategic initiatives have had a positive impact on the market growth. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen 6% annually in the last three years since 2015. In addition, owners spent an additional average of USD 2000 on home remodeling projects in 2016 compared to 2015. This scenario is projected to increase the adoption of smart home appliances.

The global outbreak of COVID-19 has significantly impacted knife sharpening service providers. Although with more people cooking at home instead of eating out, the demand for knife sharpening services among households is likely to be stable or increase. On a commercial level, the demand for this service has been severely hampered. This can be attributed to the lockdown directives issued by the government. Moreover, with restaurants, hotels, and other eateries either shut or working on reduced operations, the usage of knives has also reduced significantly. This has resulted in less requirement for sharpening services.

Currently, knife sharpening services are taking longer to deliver orders, particularly in states that have stay-at-home advisories and mandatory closure of nonessential businesses. In addition, the market has been witnessing supply chain disruptions. Fewer people working in order to contain the risk of spreading the virus results in delayed pick-up and delivery from and to the customers. Moreover, an increasing number of consumers are opting to sharpen their knives at home, equipped with tools bought online and instructions and videos found on the internet. This factor is also estimated to hamper the market growth over the forecast period.

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U.S. Knife Sharpening Service Market Segmentation

Grand View Research has segmented the U.S. knife sharpening service market on the basis of end-user and region:

U.S. Knife Sharpening Service End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Household
• Commercial
• Industrial

U.S. Knife Sharpening Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

• Northeast
• Southwest
• Midwest
• West
• Southeast

Key Companies profiled:

Some prominent players in the U.S. Knife Sharpening Service market include

• Carter Cutlery
• American Cutting Edge, Inc.
• Cozzini Bros, Inc.
• Florida Knife Company
• Town Cutler
• Eversharp Knives
• John’s Sharpening Service & Cutlery
• Market Grinding Inc.
• National Sharpening Company
• Rod’s Sharpening Service

Order a free sample PDF of the U.S. Knife Sharpening Service Market Intelligence Study, published by Grand View Research.