Overview

Razor's edge: Industry-relevant goods are increasingly being imported from low-wage countries

IBISWorld’s Hand Tool & Cutlery Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hand Tool & Cutlery Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Domestic demand for industry products has been increasingly satisfied by imports
  • Growth in the number of households and disposable income have bolstered industry demand
  • Disposable income is projected to rise, enabling consumers to spend more on industry products

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    Industry Analysis & Industry Trends

    The Hand Tool and Cutlery Manufacturing industry is expected to continue declining over the foreseeable future, but demand and revenue will pick up after a rough period. Renewed construction and stronger consumer sentiment will contribute to this growth. However, key input prices will also grow, so operators will need to increase prices to maintain profit margins. Additionally, import and power tool competition will continue to hamper demand...

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    Industry Report - Starting a New Business Chapter

    There are few traditional barriers to entry in the Hand Tool and Cutlery Manufacturing industry. No industry-specific taxation laws exist, nor do stringent government regulations or licensing requirements. However, there are several factors that may deter companies from entry. Most importantly, price-based competition from less expensive imports has increased the volume of foreign goods as a share of domestic demand.

    Additionally, the industry's larger businesses (e.g. Stanley Black & Decker, Snap-On and Gillette) exhibit economies of scale that give them an advantage. Their size and resultant bargaining power over suppliers and distributors, as well as their ability to produce in bulk, lower their production costs per unit. As ..

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    Additional Insights for the Hand Tool & Cutlery Manufacturing Industry

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

  • Production of premium goods/services
  • Having an extensive distribution network
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Number of households in the Hand Tool & Cutlery Manufacturing industry impact industry performance..

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    Industry Products

    What is the Hand Tool & Cutlery Manufacturing Industry?

    This industry primarily manufactures hand tools, edge tools and metal blades (e.g. screwdrivers, scrapers, bits and saw blades). The industry also manufactures metal kitchen cookware, utensils and cutlery (excluding products made by casting or stamping, without further fabrication).

    Industry Products
    Razor Blades and Razors
    Mechanics' hand service tools
    Cutting Tools and Precision Measuring Tools
    Cutlery, utensils, Scissors and Snips
    Edge tools, saw blades and handsaws
    Industry Activities
    Manufacturing nonpowered hand and edge tools
    Manufacturing nonprecious and precious plated metal cutlery and flatware
    Manufacturing saw blades and handsaws
    Manufacturing metal kitchen utensils, pots and pans

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Number of households
  • Import penetration into the manufacturing sector
  • Trade-weighted index
  • Value of residential construction

  • Current Performance
  • Growth in consumer demand siphoned by imports
  • Profit Decreases
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand improves
  • Heightened trade
  • Table: Hand Tool & Cutlery Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Tool & Hardware Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Drug, Cosmetic & Toiletry Wholesaling
  • Home Improvement Stores
  • Hardware Stores
  • Nursery & Garden Stores
  • Sporting Goods Stores
  • Department Stores
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Aluminum Manufacturing
  • Metal Stamping & Forging
  • Plastic & Resin Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing
  • Steel Rolling & Drawing

  • Products & Services
  • Razor Blades and Razors
  • Mechanics' hand service tools
  • Other
  • Cutting Tools and Precision Measuring Tools
  • Cutlery, utensils, Scissors and Snips
  • Edge tools, saw blades and handsaws
  • Chart: Hand Tool & Cutlery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction Activity
  • Manufacturing Activity
  • Consumer confidence and per capita disposable income
  • Substitute goods

  • Major Markets
  • Commercial and professional markets
  • Big-box retailers and home improvement centers
  • Exports
  • Hardware stores and specialty shops
  • Grocery stores, department stores and pharmacies
  • Chart: Major Market Segmentation for the Hand Tool & Cutlery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Profit PurchasesWagesDepreciation, rent and utilities and marketingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Hand Tool & Cutlery Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hand Tool & Cutlery Manufacturing Industry

  • Industry Globalization
    Major Companies
    Snap-on Inc.The Procter & Gamble CompanyStanley Black & Decker Inc.
  • Table: Snap-on Inc. - financial performance
  • Table: The Procter & Gamble Company - financial performance
  • Table: Stanley Black & Decker Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hand Tool & Cutlery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hand Tool & Cutlery 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)
  • Number of households (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Cutlery
  • An edged or cutting tool that is generally used to cut, serve and eat food.
  • Cutting Tools
  • A hand tool used for cutting or smoothing; the category includes saws, chisels, planes, files and rasps.
  • Handsaw
  • A saw used with one hand, which is operated by moving the arm backward and forward.
  • Why buy this report?

    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 Hand Tool & Cutlery 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 Hand Tool & Cutlery 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 Hand Tool & Cutlery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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