Categories: Food & Beverages

Global Cutlery And Hand Tools Market Size and Forecast 2023-2032|Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., Procter & Gamble, Apex Tool Group, Griffon Corporation,

The Cutlery And Hand Tools Global Market Report 2023 by The Business Research Company, provides cutlery and hand tools market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/cutlery-and-hand-tools-global-market-report

According to The Business Research Company’s Cutlery And Hand Tools Global Market Report 2023, the market size is expected to grow from the global cutlery and hand tools market size grew from $156.34 billion in 2022 to $169.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The market size of global cutlery and hand tools is expected to grow to $225.81 billion in 2027 at a CAGR of 7.4%.

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.

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The cutlery and hand tools market 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

The launch of new products and market growth is expected to affect the supply chain operations of the cutlery and hand tool manufacturing market, during the forecast period. A major limitation is an uncertainty over raw material suppliers’ ability to meet market demand. Going forward, long delays and unproductive downtime in manufacturing facilities due to lack of supply chain visibility will continue to be a key challenge for metal and mineral manufacturers. According to a KPMG survey, only 17% of companies have ‘complete visibility of their suppliers. Poor supply will result in an inability to meet market demand and will restrain the industry’s growth.

The cutlery and hand tools market report table of contents includes:

1. Executive Summary

2. Report Structure

3. Cutlery And Hand Tools Market Characteristics

4. Cutlery And Hand Tools Market Product Analysis

5. Cutlery And Hand Tools Market Supply Chain

26. Key Mergers And Acquisitions In The Cutlery And Hand Tools Market

27. Market Background: Metal Products Market

28. Recommendations

29. Appendix

30. Copyright And Disclaimer

Top Major Players: