Press release
Cutlery And Hand Tool Market 2030 COVID-19 Impact and Recovery | Top Players : Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, Acme United Corporation.
Cutlery And Hand Tool Market
The Business Research Company offers " Cutlery And Hand Tool Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.
The global cutlery and hand tool market is expected to decline from $156.6 billion in 2019 to $136.9 billion in 2020 at a compound annual growth rate (CAGR) of -12.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $168.8 billion in 2023.
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The cutlery and hand tool market consists of sales of cutlery and hand tools by entities (organizations, sole traders and partnerships) primarily engaged in one or more of the following: manufacturing metal kitchen cookware (except those produced by casting (e.g., cast iron skillets) or stamped without further fabrication), utensils, and/or nonprecious and precious plated metal cutlery and flatware, manufacturing saw blades, all types (including those for power sawing machines), and manufacturing nonpowered hand and edge tools.
Cutlery and handtool manufacturers have started to use lightweight, durable materials such as aluminum, magnesium, titanium and chrome vanadium rather than steel to produce multi-dimensional handtools. The use of multi-dimensional tools eliminates hand motions and switching tools when going through a repair or installation process. Electricians and households are paying a premium amount for stronger, lighter and multi-dimensional tools made out of these materials.
Cutlery And Hand Tool Market Segmentation:
By Type:
1.Metal Kitchen Cookware
2.Utensil
3.Cutlery
4.Flatware
5.Saw Blade And Hand tool
By Application:
1.Household
2.Commercial
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Few Points From Table Of Content
1.Executive Summary
2. Report Structure
3. Cutlery And Hand tool Market Characteristics
4. Cutlery And Hand tool Market Product Analysis
5. Cutlery And Hand tool Market Supply Chain
……
20. Key Mergers And Acquisitions In The Cutlery And Hand tool Market
21. Market Background: Metal Products Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the cutlery and hand tool market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the cutlery and hand tool market are Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, Acme United Corporation.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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