The cutlery and hand tools market size has grown strongly in recent years. It will grow from $173.16 billion in 2024 to $183.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to construction and infrastructure development, automotive industry demand, home improvement trends, innovation in tool design, consumer preferences for quality and durability.
The cutlery and hand tools market size is expected to see steady growth in the next few years. It will grow to $221.45 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rise of e-commerce in retail, focus on ergonomics and user comfort, smart and connected tools, sustainable manufacturing practices, diy and home improvement culture. Major trends in the forecast period include eco-friendly materials, advanced materials for durability, ergonomic design, integration of smart technologies, customization and personalization, hygiene and anti-microbial properties.
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Which industry factors have accelerated the cutlery and hand tools market’s expansion?
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. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. For instance, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025. This allows companies to expand production and increase product portfolio, thus driving the market going forward.
What are the primary segments of the cutlery and hand tools market?
The cutlery and hand tools market covered in this report is segmented –
1) By Type: Metal Kitchen Cookware, Utensil, Cutlery And Flatware, Saw Blade And Hand Tool
2) By Application: Household, Commercial
3) By Sales Channel: Online Sales, Company Direct Sales, Other Sales Channel
Subsegments:
1) By Metal Kitchen Cookware: Cookware Sets, Pots And Pans, Baking Sheets And Roasters, Griddles And Skillets, Pressure Cookers, Stockpots And Saucepans, Cookware Accessories (Lids, Trivets)
2) By Utensil: Cooking Utensils (Spatulas, Ladles, Tongs), Serving Utensils (Salad Servers, Serving Spoons), Measuring Utensils (Measuring Spoons, Cups), Graters And Peelers, Whisks And Mixers, Mortar And Pestles
3) By Cutlery And Flatware: Kitchen Knives (Chef’s Knives, Paring Knives), Specialty Knives (Serrated Knives, Boning Knives), Knife Sets, Forks, Spoons, And Knives (Dining), Steak Knives, Butter Knives, Salad Forks, Flatware Sets (Dinnerware Sets)
4) By Saw Blade And Hand Tool: Circular Saw Blades, Jigsaw Blades, Reciprocating Saw Blades, Miter Saw Blades, Band Saw Blades, Hacksaw Blades, Diamond Blades, Hand Saws, Hammers, Screwdrivers And Nut Drivers, Pliers And Cutters, Wrenches And Ratchets, Chisels And Files, Utility Knives, Tape Measures, Levels And Squares, Hand Drills
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Which firms are leading the cutlery and hand tools market?
Major companies operating in the cutlery and hand tools market include Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., Snap-on Inc., Griffon Corporation, Kennametal Inc., Apex Tool Group, Fiskars Group, Blount International Inc., Lifetime Brands Inc., Klein Tools Inc., Hultafors Group, The DeWalt Industrial Tool Company, Acme United Corporation, Zwilling J. A. Henckels AG, Leatherman Tool Group Inc., Wüsthof, Vaughan & Bushnell Manufacturing Co., Irwin Industrial Tools, Channellock Inc., Buck Knives Inc., The Benchmade Knife Company, Estwing Manufacturing Company, Brüder Mannesmann AG, SOG Specialty Knives Inc., Spyderco Inc., Victorinox Swiss Army Inc., Cold Steel Inc., Columbia River Knife & Tool Inc., A mora knife
Which market trends are set to define the future of the cutlery and hand tools market?
Major companies operating in the cutlery and hand tools market are focused on developing lightweight products such as ceramic kitchen knives to gain a competitive advantage. Ceramic kitchen knives are lightweight, durable cutting tools made from advanced ceramic materials such as zirconia, offering long-lasting sharpness and resistance to rust. For instance, in August 2023, Kyocera International, Inc., a US-based manufacturing company, launched INNOVATIONWHITE, a new line of vibrant ceramic kitchen knives. Available in five handle colors on Indiegogo for a limited time, these knives feature a patented zirconia-alumina blend, doubling the sharpness of Kyocera’s previous ceramic blades. The ergonomic handle, crafted for a secure grip, enhances cutting techniques, while the knives’ lightweight design makes them easy to handle.
Which geographic trends are shaping the cutlery and hand tools market, and which region has the highest market share?
The countries covered in the cutlery and hand tools market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Cutlery And Hand Tools Market Report 2025 Offer?
The cutlery and hand tools market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cutlery and hand tools refer to any of the tools that are cheaper than power instruments and versatile, consisting of metal, that artisans use when performing manual tasks, such as cutting, chiseling, sawing, filing, or forging, and can be used in manual operations to work without the use of power and operating at any time.
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