Cutlery And Hand Tool Manufacturing Global Market Report 2018

Cutlery And Hand Tool Manufacturing Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3366 | Format :

Cutlery and Hand tool Manufacturing include establishments engaged in manufacturing metal kitchen cookware utensils, nonprecious and precious plated metal cutlery, flatware, saw blades, and nonpowered hand and edge tools.

The global cutlery and hand tool manufacturing market was valued at $10.4 billion in 2017.  Asia Pacific was the largest geographic region accounting for $5.8 billion or 55.7% of the global market. And China was the largest country accounting for $3.1 billion or 29.8% of the global cutlery and hand tool manufacturing market.

Cutlery and handtool manufacturers have started to use lightweight, durable materials such as aluminum, magnesium, titanium and chrome vanadium rather than steel to produce multi-dimensional handtools. The use of multi-dimensional tools eliminates hand motions and switching tools when going through a repair or installation process. Electricians and households are paying a premium amount for stronger, lighter and multi-dimensional tools made out of these materials.
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