Global Cutlery And Hand Tools Market Size, Forecasts, And Opportunities – Includes Cutlery And Hand Tools Market Share
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 size is expected to grow from $141.22 billion in 2021 to $155.36 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The market is expected to grow to $218.07 billion in 2026 at a CAGR of 8.8%.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are 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 manufacturing cutlery and hand 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 Sales Channel: Online Sales, Company Direct Sales, Others
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 cutlery and hand tools market in 2021.
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 being polished for a seamless appearance.
Major Market Players: Stanley Black & Decker Inc, Techtronic Industries Co. Ltd, Procter & Gamble, Apex Tool Group, Griffon Corporation, Snap-on Inc, Atlas Copco AB, Lifetime Brands Inc, Blount International Inc, and Kennametal Inc.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Cutlery And Hand Tools Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cutlery and hand tools market overviews, analyzes 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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