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