Cutlery and Hand tool Manufacturing market includes establishments engaged in manufacturing metal kitchen cookware utensils, nonprecious and precious plated metal cutlery, flatware, saw blades, and nonpowered hand and edge tools.
Cutlery and Hand Tool Manufacturing Global Market Size
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. China was the largest country accounting for $3.1 billion or 29.8% of the global cutlery and hand tool manufacturing market.
Cutlery and Hand Tool Manufacturing Global Market Trend
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.
The companies covered are Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, and Acme United Corporation.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Cutlery and Hand Tool Manufacturing Global Market Segmentation
The cutlery and hand tool manufacturing market is segmented into Metal Kitchen Cookware, Utensil, Cutlery, And Flatware; and Saw Blade And Hand tool.
Metal Kitchen Cookware, Utensil, Cutlery, And Flatware comprises establishments primarily engaged in manufacturing metal kitchen cookware (except those manufactured by casting (e.g., cast iron skillets) or stamped without further fabrication), utensils, and/or nonprecious and precious plated metal cutlery and flatware.
Saw Blade And Hand tool comprises establishments primarily engaged in (1) manufacturing saw blades, all types (including those for power sawing machines) and/or (2) manufacturing nonpowered hand and edge tools.