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The Development of Online Transactions and Logistics Will Drive the Development of Global Safety Box Cutter Industry

Safety Box Cutter is a spring knife with automatic retraction blade, which is mainly used to open boxes and packages. Safety knives are used in many different industries, which helps to greatly reduce the risk of knife-related injuries in the workplace. It is also one of the most commonly used tools in the working environment.

Retractable Knives is a spring knife with an automatic retraction blade, which has a hidden blade and can put the slider on the side and push it into the working position. Retractable Knivesan effectively cut through cardboard, plastic and other types of packaging once in working position. Once the slider is released, the retractable knives conceivably retract automatically, which can provide greater protection for employees than using standard knives. This type of Retractable Knives provides protection for users and materials, and is mainly used for opening boxes and packages. Concealed Blade Knives, due to design reasons, only released a small part of the blade, while the rest was protected by a sheath to avoid contact with the user. The hook design can also prevent the small area of the blade from contacting with fingers of users, so that the user can hardly be injured in the cutting process. There are different versions of Concealed Blade Knives.

A grocery store is a store primarily engaged in retailing a general range of food products, which may be fresh or packaged. In the Grocery business, a safety box cutter can be used to cut boxes to include emptying the contents, storing materials, or displaying merchandise. The logistics of physical items usually involves the integration of information flow, materials handling, production, packaging, inventory, transportation, warehousing. While Safety Box Cutters are often used for things like packing and unpacking items or cutting through thicker materials like cardboard. Construction enterprises include enterprises engaged in the design, construction and installation activities of the interior and exterior decoration of buildings. Safety Box Cutter can be safely used to cut corrugated boxes, heat shrinkable packaging, plastic strapping tape, carton tape, strapping tape, twine, etc. Safety box cutter is widely used in the construction industry. The Electronic industry is a collection of operations related to electronic information products, equipment production, hardware manufacturing, system integration, software development, and application services that use electronic technology and information technology. Safety box cutter can be applied to electronic, chemical, medical and automobile industry.

The Current Situation of Global Safety Box Cutter Industry Market

Americas was the largest revenue market with a market share of 25.77% in 2015 and 25.75% in 2019, a decrease of 0.02%. In 2019, Europe market share was 21.80%, ranking second. Safety Box Cutter companies are mainly from US and Europe; the industry concentrate rate is high. In the early stages of the epidemic, the safety knife industry was affected by the shutdown of factories, express delivery, and downstream market operations. With the epidemic under control, basic production has resumed. However, due to repeated concerns about the epidemic, travels of residents have decreased and online shopping has been more frequent. Compared with traditional knives, safe deposit machines are safer and require safe knives to dismantle express delivery. The demand for knives is increasing.

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China have important market share in the Asia Pacific Safety Box Cutter market. With the rapid development of China construction industry and express delivery industry, the demand for Safety Box Cutter is increasing in China. There are two largest online retailers in China, Alibaba and JD.COM, which have great demand for express delivery, so consumers need more Safety Box Cutters in order to open express delivery. Safety Box Cutter can also be used in construction industry, which can protect employees from being cut at work and increase the safety of employees. Therefore, the demand for Safety Box Cutter is increasing in China market, thus promoting the development of Safety Box Cutter industry.

Global Safety Box Cutter Industry Market Development Forecast

According to our research, the Global Safety Box Cutter market has a total revenue of 70.64 M USD back in 2015, and increased to 91.88 M USD in 2019. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of Safety Box Cutter markets can be 116.96 M USD by 2025. The CAGR of Safety Box Cutter is 4.44% from 2020 to 2025.

With the rise of various online retailers, many industries began to implement the mode of simultaneous operation of online websites and offline stores to promote product sales. The most prominent way of online transactions is to deliver goods through logistics. After online transactions are concluded, goods are directly transported to buyers by express delivery. Therefore, online sales promote the development of logistics industry, which develops rapidly. Logistics companies need to check the delivered express delivery, so they need Safety Box Cutter to handle a large number of express packages. Safety Box Cutter is very fast and safe to use, which can ensure that users are not hurt by blades, save time and improve working efficiency. Therefore, the application of Safety Box Cutter in logistics industry increases the demand of logistics companies for Safety Box Cutter. In addition, the Safety Box Cutter industry has also joined Ecommerce. Business management becomes easier compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. It is also more convenient for consumers to buy Safety Box Cutter online. The convenience of Internet and the development of e-commerce promote the demand growth of Safety Box Cutter.

The manufacturing process of Safety Box Cutter is relatively simple, and the technical barriers in the industry are not high, so many companies can join the Safety Box Cutter industry, and some companies carry out business in this field of Safety Box Cutter and continuously expand the market through acquisition and merger, such as Wurth Group has acquired House of Threads. The addition of House of Threads will enable Wurth Group to continue to execute its strategy of expanding its core assets into profitable, complementary market segments and locations. Specifically, House of Threads bolsters WINA present in the Southeast U.S. and Mexico, strengthening its long-term strategy. Wurth Group expects to enhance service of House of Threads offerings through VMI solutions, engineered sales support, global sourcing and more. The competition in the industry is fierce, and each enterprise expands its sales market in different ways, thus increasing its market share. Therefore, enterprises in the Safety Box Cutter industry are facing great challenges. Enterprises should formulate investment development strategies and innovate new products to promote their own development.

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