Object Sharping Gadget Market

Object Sharping Gadget Market Forecast and CAGR

Object sharpening is the process of grinding a knife or other instrument against a hard, rough surface, such as a stone, or a flexible surface with hard particles, such as sandpaper, to make it sharp. Object sharping gadget market is set to witness a CAGR of 3.0% during 2021-2031.

What is Driving Demand for Object Sharping Gadget?

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 demand for the object sharping gadgets such as knives. Furthermore, cooking as a prominent career choice is expected to drive the demand for object sharping gadget in the near future.

The Chef's Choice Trizor XV knife sharpener, for example, features three sharpening slots, each with its own function. There are three slots: one for honing, one for sharpening, and one for polishing.

The sharpening and honing phases of the sharpener use 100% diamond abrasives, while the polishing slot uses flexible abrasives that softly conform to grooves to sharpen serrated blades. This is a major factor expected to drive the growth of the object sharping gadget business.

Trends in Object Sharping Gadget Likely to Augment Sales

The players in the market are focused on product designing factor in order to boost the sales of object sharping gadget. For instance, the manufacturers of the 3-stage manual sharpener, Mooker, put a lot of effort into developing a gadget that is not only functional but also attractive. This sharpener would look wonderful on the kitchen counter and would be ideal for individuals who prefer to polish their blades before each usage.

Impact of Covid- 19 on Object Sharping Gadget Market

The effect of COVID-19 on the global object sharping gadget business was immediate. The COVID-19 pandemic had a direct impact on the manufacturers of object sharping gadget. Supply chain interruptions, a scarcity of raw materials utilized in the manufacturing process, workforce shortages, fluctuating pricing that could lead the final product's production to inflate and go beyond budget, shipping issues, and so on are some of the impacts of pandemic.

US and Canada Object Sharping Gadget Outlook

The rise in the number of cafes, specialty coffee shops, and quick-service restaurants (QSRs) in the United States is due to the rapid development of urban areas combined with consumer desire for a wide variety of cuisines. Object sharpening gadget service providers might benefit from the growing habit of dining in restaurants and cafes.

According to the American Barber Association, there are 25,000 barbershops in the United States through 2020. As a result, the increased need for sharpening scissors and blades in the region is fueling the demand for object sharpening gadget service providers.

Europe Demand Outlook for Object Sharping Gadget

Most first-time homebuyers in the European region, as well as in Germany and the United Kingdom, opt to rent. As house prices rise, the rental housing market expands, resulting in increased spending on home renovations, repairs, and modifications.

Several customers prefer having their kitchen items, such as knives, sharpened multiple times a year rather than purchasing new ones. As a result, demand for object sharpening gadgets is likely to increase throughout Europe.

Who are the Key Manufacturers and Suppliers of Object Sharping Gadget?

Some of the leading manufacturers and suppliers of object sharping devices include

• Carter Cutlery
• Core Cutter LLC
• Hartland Cutting Tools
• Chef's Choice
• Darex L.L.C.
• Smith's Consumer Products Inc.
• Shaoxing Haoweiside Trading Co. Ltd.
• Hiking Industry Co. Limited
• Others.

Key Segments

By Application

• Residential
• Commercial
  • Hotels
  • Restaurants
  • Barbershops
  • Others
• Industrial

By Sales Channel

• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Multi-Brand Stores
• Independent Small Stores
• Online Retailers
• Others

By Region

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Object Sharping Gadget Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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