Cutlery and hand tool market trends involve the manufacture of metal additives

Cutlery and Hand Tools Market Report 2021: Impact of COVID-19 and Recovery to 2030

The Business Research Company Global Cutlery and Hand Tools Market Report 2021: Impact of COVID-19 and Recovery to 2030

LONDON, GREATER LONDON, UK, 23 Aug 2021 /EINPresswire.com/ – Metal additive manufacturing is an emerging trend in the cutlery and hand tool market. The demand for metal additive manufacturing is increasing around the world, especially in countries like Germany, Japan, China and India. Metal additive manufacturing is a 3D printing technology used to make the final product by stacking layers of material and then polishing to a seamless look. In 2016, according to the KPMG report, 26% of global metallurgical company executives said they had already introduced 3D printing technologies for metal additive manufacturing, and 27% of them said they planned to invest more in the future. Increased investment in metal additive manufacturing technology further leads to process improvements and lower production costs in related manufacturing industries.

The cutlery and hand tools market comprises the sales of cutlery and hand tools by entities (organizations, sole proprietorships, and partnerships) that are engaged in one or more of the following fields: kitchen of metal (except those produced by molding (eg stoves) or stamped without other manufacture), utensils and / or cutlery and cutlery of non-precious and precious metal plated; manufacture of saw blades of all types (including those for power sawing machines); and the manufacture of non-motorized hand and cutting tools.

The major players in the global cutlery and hand tools market are Snap-on Inc, Stanley Black & Decker Inc, Brüder Mannesmann AG, Acme United Corporation.

Learn more about the Global Cutlery and Hand Tools Market report:
https://www.thebusinessresearchcompany.com/report/cutlery-and-hand-tools-global-market-report

The global cutlery and hand tools market is expected to grow from $ 1.40 trillion in 2020 to $ 1.54 trillion in 2021 at a compound annual growth rate (CAGR) of 10.5%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 2.01 trillion in 2025 at a CAGR of 7%.

The cutlery and hand tools market is segmented into kitchen utensils, utensils, cutlery and metal cutlery; saw blade and hand tool, and segmented by application in household, commercial.

Global Cutlery and Hand Tools Market Report 2021: Impact and Recovery of COVID-19 through 2030 is part of a series of new reports from The Business Research Company that provides an overview of the cutlery market and Cutlery and Hand Tools Market size and growth for the Overall Market, Cutlery and Hand Tools market segments, and geographies, market trends cutlery and hand tools, cutlery and hand tools market drivers, restraints, revenues, profiles and market shares of major competitors.

Request for Sample of Global Cutlery and Hand Tools Market Report:
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Here is a list of similar reports from the Business Research Company:
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(https://www.thebusinessresearchcompany.com/report/metal-products-global-market-report-2020-30-COVID-19-impact-and-recovery)

Global Artificial Intelligence Market Report 2021: Growth and Evolution of COVID-19 to 2030
(https://www.thebusinessresearchcompany.com/report/artificial-intelligence-market-global-report-2020-30-COVID-19-growth-and-change)

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