The Business Research Company published its Cutlery And Hand Tool Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Cutlery And Hand Tool market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the Cutlery And Hand Tool market’s segments-
1) By Type: Metal Kitchen Cookware, Utensil, Cutlery, And Flatware, Saw Blade And Hand tool
2) By Application: Household, Commercial
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Cutlery And Hand Tool Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global cutlery and hand tool market is expected to decline from $156.6 billion in 2019 to $136.9 billion in 2020 at a compound annual growth rate (CAGR) of -12.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $168.8 billion in 2023.
Cutlery and hand tool manufacturers have started to use lightweight, durable materials such as aluminum, magnesium, titanium and chrome vanadium rather than steel to produce multi-dimensional hand tools. The use of multi-dimensional tools eliminates hand motions and switching tools when going through a repair or installation process. Electricians and households are paying a premium amount for stronger, lighter and multi-dimensional tools made out of these materials.
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Cutlery And Hand Tool Market Characteristics
4. Cutlery And Hand Tool Market Product Analysis
5. Cutlery And Hand Tool Market Supply Chain
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20. Key Mergers And Acquisitions In The Cutlery And Hand Tool Market
21. Market Background: Metal Products Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
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Few Points From List Of Table
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Cutlery And Hand tool Market, 2019, By Region, Value ($ Billion)
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Table 126: Global Cutlery And Hand tool Market In 2023- Growth Countries
Table 127: Global Cutlery And Hand tool Market In 2023- Growth Segments
Table 128: Global Cutlery And Hand tool Market In 2023- Growth Strategies
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