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Hand Tool & Cutlery Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hand Tool & Cutlery Manufacturing Market Research Report | NAICS 33221 | Sep 2016

Cutting edge: Consumer spending will strengthen revenue, but import competition will limit growth

IBISWorld’s Hand Tool & Cutlery 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.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
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 incomes are projected to rise, enabling consumers to spend more on industry products
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Industry Investment Chapter

The industry's level of capital intensity is low based on the ratio of depreciation to wages. IBISWorld estimates that for every dollar spent on wages, industry operators spend $0.12 on capital equipment. This medium level of capital intensity reflects the balanced need for both labor and machinery. Companies require human labor to finish many products and perform tasks that cannot be automated. A dependence on unskilled human labor gives a competitive advantage to operators in developing countries with lower labor costs; such low-cost producers have a significant advantage in making many lower end products, which is visible in the high penetration of imports. Mos.. ... purchase to read more

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... purchase to read more


    Industry ProductsRelated Reports

    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
    Hand and edge toolsCutlery and flatware Saw blades and handsawsPots, pans and other cookware
    Industry Activities
    Manufacturing nonpowered hand and edge toolsManufacturing nonprecious and precious plated metal cutlery and flatwareManufacturing saw blades and handsawsManufacturing 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
  • World price of steel
  • Trade-weighted index
  • World price of aluminum
  • Current Performance
  • Growth in consumer demand siphoned by imports
  • Industry shrinks and spurs profit
  • 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
  • Hand and edge tools
  • Pots, pans and other cookware
  • Saw blades and handsaws
  • Cutlery and flatware
  • 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
  • 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
    The Procter & Gamble Company
    Stanley Black & Decker Inc.
    Edgewell Personal Care Co.
    Snap-on Inc.
  • Table: The Procter & Gamble Company - financial performance
  • Table: Stanley Black & Decker Inc. - financial performance
  • Table: Edgewell Personal Care Co. - financial performance
  • Table: Snap-on 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of households (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • 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 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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