Global Box Cutter Market Overview
According to Global Market Monitor, the global boxmarket size is $1087.23 million in 2024 and is expected to grow to $1165.09 million by 2028.
Box Cutter is a small cutting tool that is designed for opening cardboard boxes and typically consists of a retractable razor blade in a thin metal or plastic sheath. Box Cutter can be divided into Snap-off Knives, Retractable Knives, and Fixed Blade Knives.
Regional Market
China has an important market share in the Asia Pacific Box Cutter market. Most Box Cutter have hidden blades, which can push the slider to the side and push it into the working position. Once in a working position, Box Cutter can effectively cut through cardboard, plastic, and other types of packaging. However, once the slider is released, the safety blade will automatically retract, which can provide greater protection for employees than using standard knives. With the rapid development of China's construction industry and express delivery industry, the demand for 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 Box Cutters to open express delivery. Box Cutter can also be used in the construction industry, which can protect employees from being cut at work and increase the safety of employees. Therefore, the demand for Box Cutter is increasing in the Chinese market, thus promoting the development of the Box Cutter industry.
Market Competition
With the development of the Internet and the rise of e-commerce, Box Cutter product prices, product types, and product functions have become more transparent. Before purchasing a Box Cutter, consumers can obtain a large amount of information through online channels, and their choices are gradually increasing.
The homogeneity of Box Cutter products is serious. When consumers choose products, price becomes an important criterion. Based on the above reasons, low-price competition has gradually become an important means for box-cutter companies to compete for market share. The phenomenon of low-price competition forces more companies to be involved in price wars. In this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market.
To stabilize the market foundation and maintain corporate profit levels, Box Cutter companies usually adopt the following measures: Small profits but quick turnover: Directly reduce product prices to increase product price advantages, thereby driving product sales to increase, relying on product sales to ensure corporate profits; reducing labor Cost: Hiring cheap labor and extending labor hours to reduce labor costs; reducing production costs: including reducing raw material costs, reducing production procedures, reducing raw material costs can be achieved by reducing the quality of raw materials and reducing production procedures can be achieved by reducing product functions.
Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor, and word of mouth, which is not conducive to the long-term development of enterprises, and thus affects the healthy and orderly development of the industry.
Xingwei Cutting-Tools Technology is a great and influential manufacturer of tool knives and art knives in China. The company is equipped with 236 sets of modern automatic painting lines, automatic assembly and packaging lines, direct reading spectrometers and other cutting tool production and testing equipment. Xingwei Cutting-Tools Technology has set up the R&D center of China's art knife industry, which is a tool manufacturer with a GS certificate in China, holding a share of 5.21% in 2024.
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Company Name |
Xingwei Cutting-Tools Technology |
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Website |
www.ningbocutter.com |
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Established Time |
1995 |
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Plants Distribution |
Mainly in China |
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Sales Region |
Worldwide |
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Headquarter |
China |
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