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Cutlery, Hand Tool & General Hardware Manufacturing in Spain - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ES-C2593 August 2024 Factsheet

Revenue

€2.8bn

2019-2024 0.4 %
2024-2029 X.X %

Employees

22,123

2019-2024 4.5 %
2024-2029 X.X %

Businesses

3,578

2019-2024 7.8 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Cutlery, Hand Tool & General Hardware Manufacturing in Spain market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Spain compared to Europe?

Country Benchmarking

Industry Data Spain

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#7 In Europe
Business
#5 In Europe
Employees
#7 In Europe
Wages
#8 In Europe

View industry report for Europe

Europe's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year.

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Enterprises
Number of businesses in 2024

Biggest companies in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Adolf Würth GmbH & Co. KG
20,148.6
2,135.4
10.6
Robert Bosch GmbH
91,104.3
3,687.8
4.0
Snap-on Tools Group
1,896.5
335.6
17.7

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Top Questions Answered in this Report

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What is the market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain in 2024?

The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain is €2.8bn in 2024.

How many businesses are there in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry in 2024?

There are 3,578 businesses in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain, which has grown at a CAGR of 7.8 % between 2019 and 2024.

Has the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain grown or declined over the past 5 years?

The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain has been declining at a CAGR of 0.4 % between 2019 and 2024.

What is the forecast growth of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain over the next 5 years?

Over the next five years, the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain is expected to grow.

What are the biggest companies in the Cutlery, Hand Tool & General Hardware Manufacturing market in Spain?

The biggest companies operating in the Cutlery, Hand Tool & General Hardware Manufacturing market in Spain are Adolf Würth GmbH & Co. KG, Robert Bosch GmbH and Snap-on Tools Group

What does the Cutlery, Hand Tool & General Hardware Manufacturing in Spain include?

Manufacture of cutlery and Manufacture of metal hand tools are part of the Cutlery, Hand Tool & General Hardware Manufacturing industry.

Which companies have the highest market share in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain?

The company holding the most market share in Spain is Adolf Würth GmbH & Co. KG.

How competitive is the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain?

The level of competition is moderate and steady in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Spain.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Manufacturers in this sector produce cutlery, including knives and forks and metal hand tools like hammers and pliers. They also make general hardware items, like hinges and locks, used in various applications, including household and commercial settings.

Related Terms

ErgonomicsHardness TestingCarbon Steel

What's included in this industry?

Manufacture of cutleryManufacture of metal hand toolsManufacture of general hardware

Companies

Adolf Würth GmbH & Co. KGRobert Bosch GmbHSnap-on Tools Group

Industry Code

ISIC 2006

2593 - Manufacture of cutlery, hand tools and general hardware in Spain

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?


Outlook

Analysis

What's driving the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry outlook?


Volatility

Analysis

What influences volatility in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Global manufacturers influence the hand tool market. In a volatile economy, consumers opt for cheaper metal hand tools from overseas producers, impacting domestic manufacturers' share in the market.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry's products and services performing?

Analysis

What are innovations in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?


International Trade

Highlights

  • Total Imports into Spain
  • Total Exports into Spain
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry exhibits moderate concentration. Europe's Cutlery, Hand Tool and General Hardware Manufacturing industry is highly fragmented and populated with many competitors offering a wide range of products and services.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain located?

Companies

Data Tables

Top 4 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Stringent safety norms govern manufacturers. These norms ensure product safety and quality and regulate hazardous substance control, waste management and energy efficiency.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising energy costs damage cutlery, hand tools and general Hardware companies. The Russian invasion of Ukraine has raised energy prices, increased operational expenses, curbed profitability and diminished consumer demand for industry commodities.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Cutlery, Hand Tool & General Hardware Manufacturing in Spain industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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