Revenue for the Cutlery and Kitchen Utensil Manufacturing industry in China has been increasing at an annualized rate of 10.6%, from $17.6 billion in 2012 to an expected $29.1 billion in 2017. Drivers of growth include substantially rising demand in domestic markets; rising household disposable incomes; increasing Western dietary and culinary influences; and improved living standards. These factors have encouraged spending on kitchen items, particularly utensils and tableware. Improvements in product quality and design, coupled with lower prices, have also contributed to export growth.However, the modernization of the kitchen and a growing consumer preference for electric kitchen appliances has limited growth over the period...purchase to read more.

Industry Statistics & Market Size
Revenue
$29bn
Annual Growth 12-17
10.6%
Forecast Growth 17-22
Profit
Employment
260,115
Businesses
1,287

Industry Report - Industry Investment Chapter

In 2017, for every dollar spent on labor (including management, administration, and R&D costs, about 18 cents are invested in capital, which indicates a medium level of capital intensity.As a metal processing industry, capital costs for purchasing equipment and building plants are moderate. To realize economies of scale and scope, enterprises need to increase their production lines to raise productivity and product range. Imported equipment is more expensive than domestic equipment. However, to manufacture products of high quality, enterprises favor purchasing imported equipment.Enterprises tend to employ a large number of workers given the low labor costs in China. Bec...purchase to read more.

Additional Insights for the Cutlery & Kitchen Utensil Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cutlery & Kitchen Utensil Manufacturing Industry are

  • Having a good reputation
  • Access to the latest available and most efficient technology and techniques
  • Proximity to transport
  • IBISWorld analysts also discuss how external factors such as Imported Goods - Intermediate Goods - Iron and Steel and Competition from Substitutes in the Cutlery & Kitchen Utensil Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cutlery & Kitchen Utensil Manufacturing Industry?

    The Cutlery and Kitchen Utensil Manufacturing industry in China manufactures kitchen utensils, tableware and manual tools using metals like stainless steel and aluminum. Products include metal kitchen utensils; metal tableware; and hand-operated mechanical appliances less than 10 kilograms for making, preparing or cutting food.

    Industry Products
  • Metal cookware
  • Metal tableware
  • Hand-operated kitchen tools
  • Industry Activities
  • Soup ladles
  • Skimmers
  • Egg whisks
  • Cutlery
  • Steamers
  • Saucepans
  • Frying pans
  • Chinese woks
  • Non-stick pots
  • Stockpots
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Imported Goods - Intermediate Goods - Iron and Steel
  • Competition from Substitutes
  • Domestic Goods Prices - Metals - Aluminum
  • Domestic Goods Prices - Metals - Steel
  • Industry Systems and Technology - Electronic Equipment mfg

  • Current Performance
    Industry revenueProducts and marketsEnterprises, establishments, employment and wagesProfitabilityExports and importsDomestic demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Cutlery & Kitchen Utensil Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cutlery & Kitchen Utensil Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Hotels
  • Full-Service Restaurants
  • Online Shopping

  • Key Selling Industries
  • Aluminum Smelting
  • Copper Smelting
  • Steel Rolling

  • Products & Services
  • Metal cookware
  • Metal tableware
  • Hand-operated kitchen tools
  • Chart: Cutlery & Kitchen Utensil Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Economic conditions
  • Product innovation
  • Growth of downstream industries
  • Product prices
  • Safety and quality of the products
  • Other demand factors

  • Major Markets
  • E-commerce and Retailers
  • Supermarkets
  • Exports
  • Wholesalers
  • Chart: Major Market Segmentation for the Cutlery & Kitchen Utensil Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Cutlery & Kitchen Utensil Manufacturing

  • Basis of Competition
  • Price and brand
  • Services and concepts
  • Product innovation
  • Generational and social changes in eating habits
  • Non-metal cookware
  • Electrical cookware

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cutlery & Kitchen Utensil Manufacturing Industry

  • Industry Globalization
    Supor Group Co., Ltd., Zhejiang ASD Co., Ltd., Zhongda Group Co., Ltd., Meyer (Zhaoqing) Metal Products Co., Ltd., China Nanlong Group Co., Ltd.,
  • Table: Supor Group Co., Ltd. - financial performance
  • Table: Zhejiang ASD Co., Ltd. - financial performance
  • Table: Zhongda Group Co., Ltd. - financial performance
  • Table: Meyer (Zhaoqing) Metal Products Co., Ltd. - financial performance
  • Table: China Nanlong Group Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cutlery & Kitchen Utensil Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cutlery & Kitchen Utensil Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hand-Operated Mechanical Appliances
  • Mainly used for making, preparing or cutting food. Includes graters, mashers and beaters.
  • Metal Kitchen Utensils
  • Metal pans, pots, basins, ladles, grinders, and bowls.
  • Metal Tableware
  • Metal cutlery, such as knives, forks, spoons and serving tools.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Cutlery & Kitchen Utensil Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cutlery & Kitchen Utensil Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cutlery & Kitchen Utensil Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cutlery & Kitchen Utensil Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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