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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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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