Cutlery and handtool manufacturing market includes establishments engaged in manufacturing metal kitchen cookware utensils, nonprecious and precious plated metal cutlery, flatware, saw blades, and non-powered hand and edge tools.
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The global cutlery and hand tool manufacturing market was valued at $10.4 billion in 2017, owing to the growing importance of culinary skills and services. Asia Pacific was the largest geographic region in the market, accounting for nearly 50% of the global market share.
The cutlery and hand tool manufacturing market in The Business Research Company’s report is split into the following segments: metal kitchen cookware, utensil, cutlery, and flatware, saw blade and hand tool.
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China was the largest country in the cutlery and hand tool manufacturing market in 2017, accounting for nearly 30% of the global market share. This can be attributed to the large automobile and telecom manufacturing market in the country.
The top four competitors in the market are Snap-on Inc, Stanley Black & Decker Inc., Brüder Mannesmann AG, and Acme United Corporation. Snap-on Inc. was the biggest player in 2017, with revenues exceeding $825 million. Snap-on Incorporated manufactures and markets tools, equipment repair information, diagnostics, and systems solutions for professional users worldwide. The company operates through commercial & industrial group. It is headquartered in Kenosha, Wisconsin.
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