In the realm of craftsmanship and artisanal production, the custom knife-making industry stands as a testament to the confluence of tradition and innovation. The industry, steeped in a rich history dating back to the prehistoric era, continues to evolve, shaped by advancements in technology, buyer preferences, composition materials, and market dynamics. This article aims to dissect the future of custom knife making, shedding light on potential trends, predictions, and the influences propelling the sector forward.

One potent change agent for the knife-making industry is technology. Digital modeling and simulation tools, like Computer-Aided Design (CAD) and Finite Element Analysis (FEA), are being harnessed by knife makers to analyze stress distribution and deformation tendencies in their designs, leading to the production of more durable and efficient knives. These technologies, while traditionally reserved for larger manufacturing industries, are making their way into the custom knife-making scene, owing to their increased accessibility and affordability.

In addition to design and simulation tools, Additive Manufacturing (AM), or 3D printing, is emerging as a revolutionary force in the industry. AM offers a new level of customization, allowing makers to design and produce intricate, unique patterns and shapes that were previously impossible or impractical. While this doesn't suggest that traditional craftsmanship will be phased out, AM is likely to coexist and synergize with conventional knife-making methods, paving the way for a new genre of hybrid knives that leverage both traditional craftsmanship and modern technology.

While technology is reshaping the means of production, evolving consumer preferences are dictating the form and function of custom knives. A burgeoning trend is the demand for sustainable, ethically sourced materials. As environmental consciousness pervades society, more buyers are seeking knives made of recycled or reclaimed materials. In response, knife makers are exploring the use of unconventional materials like recycled metals and reclaimed wood, which not only appeal to eco-conscious customers but also lend a unique aesthetic appeal to the knives.

Simultaneously, the pursuit of exceptional performance is driving the exploration of advanced materials, most notably, the use of non-ferrous alloys, carbon fiber, and ceramics. The aim is to achieve a superior blade-edge retention, rust resistance, and weight-to-strength ratio. Advanced metallurgical techniques, such as Powder Metallurgy (PM) and Cryogenic Processing, are being utilized to modify the microstructure of the metals, enhancing their overall performance characteristics.

Geographically, the custom knife making industry seems to be decentralizing, with hotspots emerging outside traditional hubs, owing to the proliferation of online platforms that connect makers with consumers worldwide. This digital marketplace fosters the exchange of skills, knowledge, and resources amongst makers, leading to the cross-pollination of styles and techniques.

In terms of legal implications, knife makers need to be cognizant of the evolving laws and regulations relating to knife ownership, possession, and commerce, which vary considerably across jurisdictions. The evolution of these laws could impact the design, size, and features of knives, and by extension, influence the market demand and competition.

Economically, the custom knife industry is set to grow. While it's challenging to project precise figures given the industry's niche nature, anecdotal evidence suggests a burgeoning demand for custom, artisanal knives. This surge in demand is attributed to growing appreciation for handcrafted goods, the survivalist movement, and an increasing interest in culinary arts.

In conclusion, the future of custom knife making is a fascinating blend of tradition and transformation, shaped by the influx of technology, changing consumer preferences, evolving legal landscapes, and the industry's economic prospects. The sector, steeped in a rich history, is poised to continue its journey of innovation, carving out a future that honors its past while embracing the new.