Multifunctional Folding Knife Market Report 2025 (Global Edition)

Global Multifunctional Folding Knife Market Report 2025 Market Size Split by Type Outlook: (Steel, Titanium, Ceramic, Others), by Application Outlook: (Kitchen, Survival/Hunting/Adventure/Tactical, We...

Multifunctional Folding Knife Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Competitive Landscape of the Multifunctional Folding Knife Market

The multifunctional folding knife market is competitive, featuring key players focusing on innovation, offering lightweight, durable designs with advanced materials and ergonomic features. Regional players also contribute by catering to localized preferences and price-sensitive markets. The growing demand for multifunctionality and outdoor gear has intensified competition, prompting brands to differentiate through product customization and marketing strategies. Additionally, e-commerce platforms have enhanced consumer accessibility, further increasing rivalry among manufacturers aiming to capture a larger share of this dynamic market.

Top Companies Market Share in Multifunctional Folding Knife Industry: (In no particular order of Rank)

• Leatherman
• Gerber
• Victorinox
• Benchmade
• Spyderco
• Kershaw
• CRKT
• SOG Specialty Knives
• Cold Steel
• Buck Knives
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Multifunctional Folding Knife Market

Which Region Dominates the Multifunctional Folding Knife Market in 2024?

According to Cognitive Market Research, North America currently dominates the Multifunctional Folding knives market, and the region is expected to have significant growth during the projected period. This is due to its strong culture of outdoor activities like camping and hiking, high consumer spending on premium tools, and widespread awareness of self-reliance products.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising outdoor recreational activities, urbanization, and increasing disposable incomes. The region’s growing interest in camping, hiking, and survival gear drives demand.

The current report Scope analyzes Multifunctional Folding Knife Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Multifunctional Folding Knife Market Analysis

According to Cognitive Market Research, the global Multifunctional Folding Knife market size was estimated at USD 1324.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 529.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Multifunctional Folding Knife market with a market size of USD 418.04 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to the rising popularity of tactical and survival gear among enthusiasts and professionals.
• The Canada Multifunctional Folding Knife market had a market share of USD 63.58 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period due to the increased consumer focus on durable, high-quality, and multi-purpose tools for everyday carry.
• The Mexico Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 48.22 million in 2024.

Europe Multifunctional Folding Knife Market Analysis

According to Cognitive Market Research, the global Multifunctional Folding Knife market size was estimated at USD 1324.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 397.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Multifunctional Folding Knife market had a market share of USD 66.76 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Multifunctional Folding Knife sales witness an upswing due to the increasing demand for compact, durable, and versatile tools for everyday carry.
• The France Multifunctional Folding Knife market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 36.56 million in 2024.
• According to Cognitive Market Research, the German Multifunctional Folding Knife market size was valued at USD 78.68 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Multifunctional Folding Knife surged due to the rising popularity of survivalist and tactical gear.
• The Italy Multifunctional Folding Knife market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 34.17 million in 2024.
• The Russia Multifunctional Folding Knife market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 61.59 million in 2024.
• The Spain Multifunctional Folding Knife market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 32.59 million in 2024
• The Luxembourg Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 12.32 million in 2024.
• The Portugal Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 8.34 million in 2024.
• The Greece Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 4.77 million in 2024.
• The Rest of Europe's Multifunctional Folding Knife market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 61.59 million in 2024.

Asia Pacific Multifunctional Folding Knife Market Analysis

According to Cognitive Market Research, the global Multifunctional Folding Knife market size was estimated at USD 1324.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 304.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Multifunctional Folding Knife market size was valued at USD 137.10 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Multifunctional Folding Knife surged in China due to increasing consumer interest in survival gear and tactical tools.
• The Japan Multifunctional Folding Knife market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 42.04 million in 2024.
• The India Multifunctional Folding Knife market had a market share of USD 36.56 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period due to the expanding e-commerce platforms enhancing accessibility and sales of multifunctional knives .
• The South Korean Multifunctional Folding Knife market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 30.47 million in 2024.
• The Australian Multifunctional Folding Knife market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 15.84 million in 2024.
• The South East Asia Multifunctional Folding Knife market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 21.02 million in 2024.
• The Rest of Asia Pacific Multifunctional Folding Knife market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 21.63 million in 2024.

South America Multifunctional Folding Knife Market Analysis

According to Cognitive Market Research, the global Multifunctional Folding Knife market size was estimated at USD 1324.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 66.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Multifunctional Folding Knife market size was valued at USD 28.35 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Multifunctional Folding knives flourished in Brazil due to increased interest in survival gear and tactical products.
• Argentina's Multifunctional Folding Knife market had a market share of USD 11.13 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period due to the growing popularity of multifunctional and space-saving tools in urban areas .
• Colombia's Multifunctional Folding Knife market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 5.89 million in 2024.
• Peru's Multifunctional Folding Knife market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 5.43 million in 2024.
• Chile's Multifunctional Folding Knife market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4.77 million in 2024.
• The Rest of Latin America's Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 10.66 million in 2024.

Middle East Multifunctional Folding Knife Market Analysis

According to Cognitive Market Research, the global Multifunctional Folding Knife market size was estimated at USD 1324.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 26.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Multifunctional Folding Knife market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 11.34 million in 2024. Multifunctional Folding Knife sales flourish due to the rising interest in survivalist and tactical gear among consumers.
• The Egypt Multifunctional Folding Knife market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 2.78 million in 2024.
• The South Africa Multifunctional Folding Knife market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 4.19 million in 2024. Multifunctional Folding Knife sales flourished in South Africa due to increasing focus on utility and multi-purpose tools for everyday use and self-defence.
• The Turkey Multifunctional Folding Knife market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2.28 million in 2024.
• The Nigeria Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 2.78 million in 2024.
• The Rest of the MEA Multifunctional Folding Knife market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 3.13 million in 2024.

Multifunctional Folding Knife Market Analysis

How are Segments Performing in the Global Multifunctional Folding Knife Market?

Multifunctional Folding Knife Market Type Segment Analysis

According to Cognitive Market Research, steel multifunctional folding knives are likely to dominate the Multifunctional Folding Knife Market over the forecast period due to their durability, corrosion resistance, and strength. Stainless steel, in particular, is favoured for its ability to withstand tough conditions, ensuring long-lasting performance. These knives offer superior edge retention and ease of maintenance, making them a top choice for outdoor enthusiasts and professionals.

titanium is the fastest-growing segment in the Multifunctional Folding Knife Market due to its lightweight, corrosion-resistant, and durable properties. It offers enhanced strength while maintaining a low weight, making it ideal for outdoor enthusiasts and professionals. Titanium knives are also favoured for their sleek design and longevity.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Multifunctional Folding Knife Industry. Request a Free Sample PDF!

Multifunctional Folding Knife Market Application Segment Analysis

According to Cognitive Market Research, the Survival/Hunting/Adventure/Tactical segment holds the largest share of the market due to the high demand for versatile, durable tools for outdoors and emergencies. These knives offer essential features like blade strength, portability, and multiple functionalities, making them vital for outdoor enthusiasts, hunters, and tactical professionals.

In the Multifunctional Folding Knife Market, the sports sector has been expanding at a rapid pace due to increasing demand for versatile tools in outdoor activities like camping, hiking, fishing, and hunting. Athletes and enthusiasts prefer multifunctional knives for their portability, durability, and ability to handle multiple tasks, driving market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Multifunctional Folding Knife Distribution Channel Outlook: Segment Analysis

Multifunctional Folding Knife Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest market share due to consumers' preference for hands-on inspection before purchase. In physical stores, buyers can assess product quality, weight, and functionality, making it easier to make informed decisions. Additionally, outdoor equipment shops and speciality retailers provide a wide range of trusted brands.

In the Multifunctional Folding Knife market, the rapidly growing sector is the online category due to the convenience of browsing a wide range of products, comparing prices, and customer reviews. E-commerce platforms allow manufacturers to reach a global audience, offering direct-to-consumer sales and increasing brand visibility.

• Online
• Offline

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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