PUBLISHER: The Business Research Company | PRODUCT CODE: 1675141
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675141
Cutlery and hand tools encompass a range of versatile, metal-based instruments that are more cost-effective than power tools. Artisans use these tools for various manual tasks such as cutting, chiseling,sawing, filing, or forging, enabling them to work without relying on power sources and operate at any time.
The primary types of cutlery and hand tools include metal kitchen cookware, utensils, cutlery, flatware, saw blades, and general hand tools. Utensils specifically pertain to cookware used in the cooking process. Sales channels for these tools include online sales, direct sales by companies, and other distribution channels. Cutlery and hand tools find applications in both households and commercial settings.
The cutlery and hand tools market research report is one of a series of new reports from The Business Research Company that provides cutlery and hand tools market statistics, including cutlery and hand tools industry global market size, regional shares, competitors with a cutlery and hand tools market share, detailed cutlery and hand tools market segments, market trends and opportunities, and any further data you may need to thrive in the cutlery and hand tools industry. This cutlery and hand tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cutlery and hand tools market size has grown strongly in recent years. It will grow from $173.16 billion in 2024 to $183.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. 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 $221.45 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. 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.
The anticipated growth in the cutlery and hand tool manufacturing market is driven by rapid advancements in wireless technology and miniaturization. This involves designing smaller components for equipment, fostering innovation in the industry. Additionally, the adoption of technologies such as 3D printing, artificial intelligence, and big data analytics during the manufacturing process is enhancing productivity, reducing operating costs, and improving profit margins. For instance, internet traffic is projected to triple from earlier in 2022, with the share of IoT devices expected to increase by 28% by 2025, providing companies with opportunities to expand production and diversify their product portfolios.
The increasing interest in home improvement projects is set to contribute to the growth of the cutlery and hand tools market. Home improvement, involving enhancements and renovations to residential properties, creates a demand for a variety of hand tools such as hammers, screwdrivers, pliers, wrenches, and measuring tools. The rising trend of DIY projects for home enhancement, as reported by Angi in January 2022, where homeowners spent significant amounts on their largest improvement projects, is driving the demand for essential hand tools. Renovation tasks in kitchens and bathrooms were the costliest, indicating a growing market for tools in the home improvement sector.
Leading companies in the cutlery and hand tools market are focusing on developing lightweight products, such as ceramic kitchen knives, to achieve a competitive edge. Ceramic kitchen knives are lightweight and durable cutting tools made from advanced ceramic materials like zirconia, which provide long-lasting sharpness and rust resistance. For example, in August 2023, Kyocera International, Inc., a US-based manufacturing company, launched INNOVATIONWHITE, a new line of colorful ceramic kitchen knives. Available in five handle colors for a limited time on Indiegogo, these knives feature a patented zirconia-alumina blend that enhances their sharpness, making them twice as sharp as Kyocera's previous ceramic blades. The ergonomic handle is designed for a secure grip, improving cutting techniques, while the lightweight design ensures easy handling.
Major companies in the cutlery and hand tools market are concentrating on product innovation, introducing battery-operated hand tools to cater to larger customer bases, boost sales, and increase revenue. Battery-operated hand tools, powered by rechargeable or disposable batteries, offer portability without the need for traditional power sources. For example, Signode Industrial Group LLC launched the BPT steel strapping hand tool in February 2022. This battery-operated tool is suitable for various steel strapping applications, offering high tension force for heavy-duty stationary or mobile tasks. With the capability to operate for up to 500 cycles on a single battery charge, the tool ensures continuous, uninterrupted operation and mobility throughout the plant. Intelligent features, including visual and audio indications, contribute to electronically controlled and repeatable strapping operations.
Major companies operating in the cutlery and hand tools market include Stanley Black & Decker Inc., 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., Wusthof, Vaughan & Bushnell Manufacturing Co., Irwin Industrial Tools, Channellock Inc., Buck Knives Inc., The Benchmade Knife Company, Estwing Manufacturing Company, Bruder Mannesmann AG, SOG Specialty Knives Inc., Spyderco Inc., Victorinox Swiss Army Inc., Cold Steel Inc., Columbia River Knife & Tool Inc., A mora knife
The Asia-Pacific was the largest region in the cutlery and hand tools market in 2024. Western Europe was the second-largest region in the cutlery and hand tools market. The regions covered in the cutlery and hand tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cutlery and hand tools market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The cutlery and hand tools market consists of sales of bakeware, measuring cups, and knives. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cutlery And Hand Tools Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cutlery and hand tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cutlery and hand tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cutlery and hand tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.