The global cutlery and hand tool market is expected to decline from $156.6 billion in 2019 to $136.9 billion in 2020 at a compound annual growth rate (CAGR) of -12.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $168.8 billion in 2023.
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The cutlery and hand tool market consists of sales of cutlery and hand tools by entities (organizations, sole traders and partnerships) primarily 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.
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The cutlery and hand tool market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the cutlery and hand tool market are Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, Acme United Corporation,
The Global Cutlery And Hand Tool Market is segmented:
1) By Type: Metal Kitchen Cookware, Utensil, Cutlery, And Flatware, Saw Blade And Hand tool
2) By Application: Household, Commercial
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The cutlery and hand tool market report describes and explains the global cutlery and hand tool market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The cutlery and hand tool report evaluates the market across each region and for the major economies within each region.
The countries covered in the global cutlery and hand tool market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global cutlery and hand tool market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Cutlery And Hand Tool Market Characteristics
- Cutlery And Hand Tool Market Product Analysis
- Cutlery And Hand Tool Market Supply Chain
- Key Mergers And Acquisitions In The Cutlery And Hand Tool Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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