The Cutlery And Hand Tools Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Cutlery And Hand Tools Market:
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 2024, The cutlery and hand tools market size has grown strongly in recent years. It will grow from $163.15 billion in 2023 to $172.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. 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 $209.03 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. 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.
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=3533&type=smp
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
The demand for metal additive manufacturing is growing worldwide, especially in countries such as Germany, Japan, China, and India. This is primarily due to increasing consumer demand for lightweight, faster, and fuel-efficient automobiles, which drive the demand for metal additive manufacturing. Metal additive manufacturing is a 3D printing technology used to manufacture the final product by stacking layers of material and then being polished for a seamless appearance. For instance, in September 2022, according to a report published by Facts.Net, an online facts collection site, currently, Fused Deposition Modelling (FDM) accounts for 48% of all 3D printers in use, making it the most popular type of 3D printing. Increased investment in metal additive manufacturing technology is further leading to process improvements, lower productions costs in allied manufacturing industries.
The cutlery and hand tools market report table of contents includes:
- Executive Summary
- Cutlery And Hand Tools Market Characteristics
- Cutlery And Hand Tools Market Trends And Strategies
- Cutlery And Hand Tools Market - Macro Economic Scenario
- Global Cutlery And Hand Tools Market Size and Growth
.
.
.
- Global Cutlery And Hand Tools Market Competitive Benchmarking
- Global Cutlery And Hand Tools Market Competitive Dashboard
- Key Mergers And Acquisitions In Cutlery And Hand Tools Market
- Cutlery And Hand Tools Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- The Procter & Gamble Company
- Stanley Black & Decker Inc.
- Atlas Copco AB
- Techtronic Industries Co. Ltd.
- Snap-on Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Cutlery And Hand Tools Global Market Report 2020-30 by The Business Research Company describes and explains the global cutlery and hand tools 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 report evaluates the market across each region and for the major economies within each region.The Cutlery And Hand Tools Global Market Report 2021 covers cutlery and hand tools market drivers, cutlery and hand tools market trends, cutlery and hand tools market segments, cutlery and hand tools market growth rate, cutlery and hand tools market major players, and cutlery and hand tools market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/cutlery-and-hand-tools-global-market-reportThe cutlery and hand tools market report provides an in-depth analysis of the impact of COVID-19 on the global cutlery and hand tools industry, along with revised market numbers due to the effects of the coronavirus and the expected cutlery and hand tools market growth numbers 2021-2030.Cutlery And Hand Tools Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=3533=smpThe global cutlery and hand tools market is expected to grow from $139.58 billion in 2020 to $154.23 billion in 2021 at a compound annual growth rate (CAGR) of 10.5%.
The market is expected to reach $201.39 billion in 2025 at a CAGR of 7%.The report covers the cutlery and hand tools market’s segments-1) By Type: Metal Kitchen Cookware, Utensil, Cutlery, And Flatware, Saw Blade And Hand Tool.2) By Application: Household, Commercial.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
According to the new research report "Hand Tools & Woodworking Tools Market with COVID-19 Impact, by Type (Chisels, Hammers, Saws, Pliers, Wrenches, Screwdrivers), Distribution Channel (Online, Offline), End User, and Region - Global Forecast to 2026", the hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%.
Browse 167 market data Tables and 54 Figures spread through 219 Pages and in-depth TOC on "Hand Tools & Woodworking Tools Market with COVID-19 Impact, by Type (Chisels, Hammers, Saws, Pliers, Wrenches, Screwdrivers), Distribution Channel (Online, Offline), End User, and Region - Global Forecast to 2026"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=97729312 Wrenches and Chisels are estimated to hold the largest market share of the hand tools and woodworking tools market respectively during the forecast period.
Wrenches are greatly needed for repairs and maintenance operations in automotive industry and in plumbing and electrification operations, where they are used to turn pipes or for fitting operations.Chisels are hand tools and woodworking tools that owned the highest market share in woodworking tools market in 2020 and are expected to dominate the market during the forecast period as well.
This helps the customers compare, evaluate, study, and select the best suitable hand tool.
The mid-and high-level precision GPS receiver market in APAC is expected to grow at the highest CAGR from 2021 to 2026The growth of the hand tools and woodworking tools market in APAC can be attributed to the rapid industrialization and surging construction activities in the countries such as India, China, Australia, and Japan.
However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have somehow impacted the growth of the market, eventually impacting the economy.Stanley Black & Decker (US), Apex Tool Group(US), Snap-On Incorporated(US), Techtronic Industries Co. Ltd (China), Klein Tools (US), Husqvarna (Sweden), Akar Auto Industries Ltd. (India), and Hangzhou Great Star Industrial Co. Ltd. (China) are a few major players operating in hand tools and woodworking tools market.View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hand-woodworking-tools-market-97729312.html About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
COVID-19 Impact Analysis on Kitchen Hand Tools Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the kitchen hand tools market include Williams Sonoma, Kitchen Craft, OXO, Betty Crocker, Cuisinart, Cuisipro, Culinare, Farberware, Gourmet, IKEA, KitchenAid.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Kitchen Hand Tools Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/kitchen-hand-tools-market/download-sampleMarket DynamicsThe global kitchen hand tools market will continue to grow healthy during the forecast period.
Factors like expanding new home acquirement, commercial kitchens, food startups, and increasing adoption of these tools to maintain hygiene and precision in cooking drive the market.
Changing lifestyles, rising urbanization, and emerging eating and cooking habits also favor the market’s growth.
