Global Cutlery And Hand Tools Market
Metal And Mineral Manufacturing

Global Cutlery And Hand Tools Market Size, Forecasts, And Opportunities

Learn about the global cutlery and hand tools market through The Business Research Company, which provides information on cutlery and hand tools market size, cutlery and hand tools market drivers and restraints, cutlery and hand tools market players, the COVID-19 impact on the cutlery and hand tools market, and more.       

The global cutlery and hand tools market is expected to grow from $139.58 billion in 2020 to $154.23 billion in 2021 at a compound annual growth rate (CAGR) of 10.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $201.39 billion in 2025 at a CAGR of 7%.

Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in cutlery and hand tool manufacturing, thus driving the market during the forecast period.

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The cutlery and hand tools market consists of sales of cutlery and hand tools by entities (organizations, sole traders and partnerships) that are engaged in one or more of the following: manufacturing metal kitchen cookware (except those produced by casting (e.g., cast iron skillets) or stamped without further fabrication), utensils, and/or nonprecious and precious plated metal cutlery and flatware, manufacturing saw blades, all types (including those for power sawing machines), and manufacturing nonpowered hand and edge tools.

Global Cutlery And Hand Tools Market Segments Include:

By Type: Metal Kitchen Cookware, Utensil, Cutlery, And Flatware, Saw Blade And Hand tool
By Application: Household, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global cutlery and hand tools market, accounting for 42% of the market in 2020.

The demand for metal additive manufacturing is growing worldwide, especially in countries such as Germany, Japan, China, and India. This is primarily due to increasing consumer demand for lightweight, faster, and fuel-efficient automobiles, which drive the demand for metal additive manufacturing. Metal additive manufacturing is a 3D printing technology used to manufacture the final product by stacking layers of material, and then polishing for a seamless appearance.

TBRC’s cutlery and hand tools market report covers:

Major Market Players: Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, Acme United Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Cutlery And Hand Tools Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides cutlery and hand tools market overviews, analyses and forecasts market size, share, cutlery and hand tools market players, cutlery and hand tools market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cutlery and hand tools market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Metal And Mineral Global Market Report 2021

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