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Hand Tool & Cutlery Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 21, 2025
Length 47 Pages
SKU # IBSS19911267

Description

Hand Tool & Cutlery Manufacturing in the US

COVID-19 shut down factors and pushed steel prices up in 2020. Consumers returned to the reopening economy faster than supply chains could reconfigure, creating massive excess demand for hand tools. Low interest rates and a tight housing market prompted widespread construction investment, putting more pressure on prices. Hand tool manufacturers worked overtime to hire more employees and take advantage of skyrocketing prices. The boost from more sales couldn't outpace costs from climbing wages and input prices, namely steel, forcing profit to fall to 3.7% in 2023.

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).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

47 Pages


ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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