Cutlery And Hand Tools Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033" | Procter & Gamble Company, Stanley Black & Decker Inc., Atlas Copco AB, Techtronic Industries Co. Ltd., Snap-on Inc., Griffon Corporation, Kennametal I

As per the report, 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 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%.

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Introduction To Technological Advances In Cutlery And Hand Tool Manufacturing
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.

Transformative Role Of Metal Additive Manufacturing
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 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

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Major companies operating in the cutlery and hand tools market report are The Procter & Gamble Company, Stanley Black & Decker Inc., Atlas Copco AB, Techtronic Industries Co. Ltd., Snap-on Inc., Griffon Corporation, Kennametal Inc., Apex Tool Group, Fiskars Group, Blount International Inc., Lifetime Brands Inc., Klein Tools Inc., Hultafors Group, The DeWalt Industrial Tool Company, Acme United Corporation, Zwilling J. A. Henckels AG, Leatherman Tool Group Inc., Wüsthof, Vaughan & Bushnell Manufacturing Co., Irwin Industrial Tools, Channellock Inc., Buck Knives Inc., The Benchmade Knife Company, Estwing Manufacturing Company, Brüder Mannesmann AG, SOG Specialty Knives Inc., Spyderco Inc., Victorinox Swiss Army Inc., Cold Steel Inc., Columbia River Knife & Tool Inc., A mora knife

Contents of the report:
1. Executive Summary
2. Cutlery And Hand Tools Market Report Structure
3. Cutlery And Hand Tools Market Trends And Strategies
4. Cutlery And Hand Tools Market - Macro Economic Scenario
5. Cutlery And Hand Tools Market Size And Growth
…..
27. Cutlery And Hand Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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