Benchmade Bugout Gray G-10 AXIS Lock Knife (3.2" Black 20CV) 535BK-2002

Item #BHQ-114144
MSRP: $250.00
Our Price: $225.00
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  • Overall Length: 7.46"
  • Blade Length: 3.24"
  • Cutting Edge: 3.00"
  • Blade Width: 1.00"
  • Blade Thickness: 0.09"
  • Blade Material: CPM 20CV
  • Blade Style: Drop Point
  • Blade Grind: Flat
  • Finish: Black
  • Edge Type: Plain
  • Handle Length: 4.22"
  • Handle Width: 1.00"
  • Handle Thickness: 0.42"
  • Handle Material: G-10
  • Color: Gray
  • Frame/Liner: Stainless Steel
  • Weight: 2.17 oz.
  • User: Right Hand, Left Hand
  • Pocket Clip: Tip-Up
  • Knife Type: Manual
  • Opener: Thumb Stud
  • Lock Type: Bar Lock
  • Brand: Benchmade
  • Model: Bugout
  • Model Number: 535BK-2002
  • Country of Origin: USA
  • Best Use: Camp/Hike, Everyday Carry
  • Product Type: Knife

This Blade HQ Exclusive Bugout model features a black 20CV blade, green titanium accents, and a gray G-10 handle.


  • Black Cerakote finished drop point blade made of CPM-20CV stainless steel.
  • Dual green-finished titanium thumb studs with bronze pivot washers.
  • Textured gray G-10 handle scales over nested steel liners.
  • Safe, strong, and ambidextrous AXIS-Lock mechanism.
  • Reversible Mini Deep-Carry pocket clip and oversized lanyard hole.


In 2017, Benchmade shook the knife world with the release of the Bugout. It was the pocket knife people didn't know they were searching for. It was simple, utilitarian, ergonomic, lightweight, had an ambidextrous lock and opener, and was made with quality materials. In the years since, the Bugout has become one of the best-selling knives in history. Benchmade truly made the Bugout a pocket knife for everyone, and no collection is complete without one.

The Benchmade Bugout comes in two sizes and a multitude of colors, and has great aftermarket customization options as well.

Customer Reviews

2nd Bugout
Matthew M. on Oct 8, 2020

This is my 2'nd bugout. My 1'st was the bhq exclusive blackout, i love this one. the scales and green accents makes this one. came in very fast and razor sharp. smooth action.

It was a great value on clearance
David N. on Apr 3, 2021

This is my backup user around the property, or when I need to cut something more accurately than my chunky Medford, but I can't imagine paying more than 150 or so for any Bugout.

andrew a. on Aug 14, 2022

This knife has no flaws and is an absolute steal at this price! Thanks to Benchmade and BladeHQ for making this happen.

New Favorite EDC
Curt B. on Feb 10, 2021

I have a collection of Hinderers, Spyderco exclusives, Quiet Carry and Three Rivers’ folders, and I decided to add this to my collection. Opposed to standard Bugouts, this example offers 20CV with rigid scales that to not flex... making it feel like a much more substantial knife. The Axis lock was a little sticky at first, but after a week of fidgeting flicks... the knife deploys and disengages perfectly. It’s blade, size and thin profile remind me of my TRM Neutron, which is the paragon of quality EDCs. My sample luckily did not suffer from an off-center blade, so I am quite satisfied with this exquisite knife.

Aiden T. on Apr 20, 2022

Great knife, really sharp, I already cut myself with it lol just way overpriced.

Benchmade Bugout BladeHQ
David A. on Mar 4, 2022

I finally bought a rather expensive knife after carrying my Gerber Chameleon and I love it. It took probably a day of constant fidgeting for it to break in perfectly. No need to loosen the pivoting screen or anything. My fingers have become bare because I cannot put this knife down. I received a good model, so my blade was perfectly centered and the quality was above what I expected. The only thing I have a concern with is the sharpness of the blade out of the box. The edge should’ve and could’ve been better.

Great bug!
Jared W. on Aug 23, 2022

Love the steel. In my pocket sense the day I got it. I choose to carry it over a lot of great apple peelers. It’s a great deal with the sale right now.

Custom Bugout with CPM 20CV
Aaron V. on Jul 7, 2021

Hi, I finally decided to get a Bugout, not only was I hesitant to get one, and took me long enough to do so. I went into benchmade's website since this particular 20CV G10 handles is out of stock, turns out I paid about $215 for a non g10 handle, but with CPM 20CV steel, the dark green scales, and everything else as I wanted. Straight out the box action needed some break in, which took about 3-4 days of playing with it, now its much better. I love that axis lock/action, and this bugout has become my EDC, despite having several other great knives. This knife blade profile is slicy, just enough for pretty much all cutting tasks... and man, its very sharp. I am happy I decided and just sharing my thoughts here.

Stuart N. on Feb 24, 2021

I just received mine in the Mail! Simply Amazing. I own quite a few Benchmade knives, ZT's etc but this is going to be the one that I carry daily. So light and oozes quality! Love it!

First Benchmade
Benjamin S. on Oct 8, 2020

This is the one that finally made me pull the trigger. Love the color scheme. Came super fast btw. BladeHQ was well prepared for this exclusive. This fits right in between my full size ritter hogue rsk and the mini (which I gave to my wife as it was too mini). So this looks great and is SUPER slicey. Just ran it through paper like a downhill on the slopes, any way I carved it did so happily. Scales feel very solid. By far my lightest knife (spyderco guy - Para 3 smallest) and it feels great. Mine came with a Bugout specs mat also, wow, bonus. Edit: mine has blade play

if not for fit and finish
Georgi D. on Dec 30, 2020

The action works great and its honestly still worth the money I just don't understand why the blade is soooo off center when closed that its touching the scales... might be the last benchmade I ever buy just because for the money it looks like no effort was made and they were just shot out as fast as possible...

Me likey
Peter P. on Feb 22, 2022

20CV coated (even though it doesn’t need it, it looks great) Benchmade’s coating on their blades is always top-notch. The blade is super thin, very sharp, ultra-light fits in the hand perfect (large-sized glove) nice G-10 handles but could be better. I love the green accents with this flavor. Fit and finish were superb out of the box. Blade centering and action were flawless. This is not a hard use knife to anyone that thinks they are going to buy this and turn into Paul Bunyan…the knife will not do those tasks. One thing I do kind of need to pick at I guess is the G-10 handles. They to me would be better if they were a little bit thicker. While much better than the ivory handles that come on the base bugout they just feel a little cheap. They don’t flex at all or anything like that but with no liners, I feel like they could have given thicker G-10 scales. That’s just me though… as I am sure they wanted to keep it ultralight. Outside of that, it’s a great knife. BladeHQ and Benchmade knocked this one out of the park. Outside of the aluminum M390 version (which to me is worth the extra bucks), this is the best bugout on the market.

First Bugout
Christopher C. on Nov 18, 2020

This is my first Bugout knife and I thought I would go with BladeHQ exclusive. However, now I think I should of just went with the original bugout and customized it myself. I received the knife with Joint screw way too tight. Also, after about two weeks my thumb stud was coming loose. Thankfully I got it in time and was able to put some thread locker on it. Overall the knife steel is good and sharp the alignment was a little left but was easily fixed. I like the G10 scales and the color scheme. However, for the price point on this exclusive I feel the issues I described above should have been fixed before sending the knife out.

Unbelievable value when on sale
Elson P. on Aug 25, 2022

It's not a word that's usually associated with Benchmade but for this, it was very fitting. It is what a modern folder should be. Light. Fast. Fidgety. Amazing blade steel. No it's not a beater like a cold steel but it's not meant to be. At this point, I'm sure everyone has an idea of what a bugout is so I'll just give my take on it. If the 940 was the classic timeless replacement for the buck 110 then this is the next evolution. I compared the usability of this knife to the mini freek, para 3, and native 5. The blade on this knife is longer but it's lighter and slimmer than the other 3. The only reason for the 4 stars is because I am a heavy user and I prefer a slightly beefier blade. If I was to compare all 4 knives for different applications, here are my opinions and conclusions. Bugout would win hands down for carry factor. Para 3 is the most fun for fidgeting. Native 5 would be the workhorse and something I might keep in my glove compartment and/or desk at work. Mini freek would be the most versatile. If I was to have just one, mini freek and para 3 might win by the tiniest of margins. Mini freek had the edge on carry factor compared to the para 3, with a more robust handle and blade compared to the bugout. The para 3 is just too much fun and can handle any edc task you throw at it. (The native might do it just a tad bit better) Where the bugout would SHINE is if you can pair this knife with a dedicated workhorse knife. This bugout is unbelievably light and slim with a great blade profile. It disappears on my hands and pockets and makes quick work out of any light edc tasks like cutting boxes, paper, fruits, sandwiches on the go. For the sale price of the bladehq exclusive with the upgraded steel, it was a steal of a steel. Carry factor - 5 stars Fidget factor - 5 stars Toughness - 3 stars Value - infinite stars

Looks good
Luke M. on Feb 4, 2022

This is a solid knife and I really like the color scheme. The gray scales are a bit darker in real life (which I like), and the green accents look really good against the lighter gray handle and darker gray blade. BaldeHQ shipped quickly and answered my order questions over the phone (Thank you). However, my knife has two common issues from the factory, 1) the blade tip is not centered when closed (it is somewhere between 60/40 or 70/30), 2) the liner screws stick out past the inner steel liners. These are not huge issues, however on a Benchmade exclusive I would expect these things to be dialed in better. Bottom-Line If I lost this knife, would I buy it again: Yes, but I'd probably wait for it to go on sale.

blade is chipping
Thomas M. on Mar 29, 2021

I've had this blade since Christmas and I've only used it for light tasks like breaking down the occasional box or opening bags and packages. I just recently noticed that the front half inch from the tip was already dulled with visible notches in the steel. Very disappointed that a blade that is supposed to be super tough would start to fall apart like this.

Remains Overpriced
Justin M. on Jul 15, 2022

While this version, at least when on sale, is more appropriately priced I've found all the hype about the Bugout to be undeserved, except with regards to weight, when compared to the Hogue Deka. The comparison is inevitable, but I've found the overall quality of the Deka to be superior regardless of price point. I returned the Bugout and kept the Deka.

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