The Global Cutlery And Hand Tool Manufacturing Market

Posted by praneeth on August 10th, 2018

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 USD 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 5 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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