{"product_id":"u-s-knife-sharpening-service-market-size-share-trends-analysis-report-by-end-user-household-commercial-industrial-by-region-northeast-southwest-midwest-west-southeast-and-segment-forecasts-2021-2028","title":"U.S. Knife Sharpening Service Market Size, Share \u0026 Trends Analysis Report By End User (Household, Commercial, Industrial), By Region (Northeast, Southwest, Midwest, West, Southeast), And Segment Forecasts, 2021 - 2028","description":"\u003cp\u003eU.S. Knife Sharpening Service Market Size, Share \u0026amp; Trends Analysis Report By End User (Household, Commercial, Industrial), By Region (Northeast, Southwest, Midwest, West, Southeast), And Segment Forecasts, 2021 - 2028\u003c\/p\u003e\n\n\u003cp\u003eU.S. Knife Sharpening Service Market Growth \u0026amp; Trends\u003c\/p\u003e\n\n\u003cp\u003eThe U.S. knife sharpening service market size is expected to reach USD 117.1 million by 2028, according to a new report by\u003c\/p\u003e \n\n\u003cp\u003eGrand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The rapid development of urban areas,\u003c\/p\u003e \n\n\u003cp\u003ecoupled 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\u003c\/p\u003e \n\n\u003cp\u003egrowth opportunities for knife sharpening service providers.\u003c\/p\u003e\n\n\u003cp\u003eAccording to the National Restaurant Association, U.S., there were over 1 million restaurant locations in the country in\u003c\/p\u003e \n\n\u003cp\u003e2019. In addition, the growth of the restaurant industry owing to consumers’ desire for convenience, socialization, and\u003c\/p\u003e \n\n\u003cp\u003ehigh-quality food and service has resulted in restaurant owners investing in modern and quality kitchen knives. This factor\u003c\/p\u003e \n\n\u003cp\u003eacts as a major driver for the market in the country.\u003c\/p\u003e\n\n\u003cp\u003eAccording to the American Barber Association, there are 140,000 businesses providing barbershop services in the U.S. Hence,\u003c\/p\u003e \n\n\u003cp\u003ethe growing demand for the sharpening of scissors and blades is driving the need for sharpening service providers.\u003c\/p\u003e\n\n\u003cp\u003eThe increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end\u003c\/p\u003e \n\n\u003cp\u003erestaurants, supports the demand for kitchen knife sharpening services in the commercial segment. The growing trend of\u003c\/p\u003e \n\n\u003cp\u003etourism, coupled with the growing consumer willingness to spend on exploring exotic destinations, luxury hotels, and culinary\u003c\/p\u003e \n\n\u003cp\u003etravels, is also expected to drive the demand for kitchen knives and knife sharpening services in the country.\u003c\/p\u003e\n\n\u003cp\u003eHotels, restaurants, barbershops, and lawnmower repair shops are among the major end-users of sharpening services for knives\u003c\/p\u003e \n\n\u003cp\u003eand other cutting tools. In addition, residential households that use high-priced and premium quality knives opt for knife\u003c\/p\u003e \n\n\u003cp\u003esharpening services in order to enhance the life span of the knife and retain the quality of the blade.\u003c\/p\u003e\n\n\u003cp\u003eConsumers tend to opt for seasoned knife sharpening service providers with extensive experience in the industry. Moreover,\u003c\/p\u003e \n\n\u003cp\u003econsumers prefer that knives be sharpened on whetstones that typically start off at 1,000 grit and finish anywhere between\u003c\/p\u003e \n\n\u003cp\u003e6,000 grit and 10,000 grit. The trend of electric sharpeners is also increasing among business owners in order to cater to\u003c\/p\u003e \n\n\u003cp\u003ethe rising demand for normal\/minor sharpening services. Knife sharpening service providers are opting for electric sharpeners\u003c\/p\u003e \n\n\u003cp\u003eowing to their major benefits, such as low cost and less time consumption.\u003c\/p\u003e\n\n\u003cp\u003eOne of the major factors affecting purchasing decisions is the turnaround time of knives in the market. Moreover, the\u003c\/p\u003e \n\n\u003cp\u003edurability and quality of sharpening are key in influencing consumers’ decisions on whether or not to visit again. Word-of-\u003c\/p\u003e\n\n\u003cp\u003emouth marketing also significantly affects the purchasing decisions of consumers. In addition, the growing presence of\u003c\/p\u003e \n\n\u003cp\u003eservice offerings via social media and e-commerce platforms is influencing and changing the way consumers opt for such\u003c\/p\u003e \n\n\u003cp\u003eservices. Several players in the market choose to mail-order services to increase their reach among consumers. New entrants\u003c\/p\u003e \n\n\u003cp\u003eoffering various innovative solutions and practices also influence the purchasing decisions of consumers.\u003c\/p\u003e\n\n\u003cp\u003eThe cost of the service is also a major factor affecting the buying decisions of consumers. Consumers with high volume need\u003c\/p\u003e \n\n\u003cp\u003eto seek services at lower costs and with less turnaround time. The growing awareness about the benefits of sharp knives and\u003c\/p\u003e \n\n\u003cp\u003ecutting tools is also driving consumers to opt for professional services instead of at-home or DIY practices.\u003c\/p\u003e \n\n\u003cp\u003eU.S. Knife Sharpening Service Market Report Highlights The household end-user segment accounted for the largest share of almost 55.0% in 2020 owing to the increasing urbanization The commercial end-user segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028. This is attributed to the rapid expansion of commercial spaces, which is propelling the demand for kitchen tools The Western region of the U.S. held the largest share of 25.5% in 2020 owing to the continuous growth of the housing marketPlease note The report will be delivered in 2-3 business days upon order notification.\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"March, 2021 \/ 59 Pages \/ MCW16272169","offer_id":47707699740978,"sku":null,"price":4740.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/u-s-knife-sharpening-service-market-size-share-trends-analysis-report-by-end-user-household-commercial-industrial-by-region-northeast-southwest-midwest-west-southeast-and-segment-forecasts-2021-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}