Industry Statistics and Trends
Cutlery, Hand Tool & General Hardware Manufacturing in Europe key trends
Cheap imports from China challenge European manufacturers.
In response, manufacturers in countries like France, Italy and Spain focus on enhancing product design, durability and specialisation, leveraging their 'Made in Europe' label and prioritising eco-friendly production to attract customers.
High energy costs may boost steel prices.
This issue could disrupt manufacturing industries as steel is a vital component in production and the spike in costs may hinder their operations.
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Cutlery, Hand Tool & General Hardware Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Cutlery, Hand Tool & General Hardware Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.7 % over the past five years, to reach an estimated €93.3bn in 2024.
Trends and Insights
Import competition is a growing concern for manufacturers
- France, Italy and Spain are major manufacturers of cutlery, hand tools and general hardware. They are facing stiff competition from cheap imports, particularly from China.
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Cutlery, Hand Tool & General Hardware Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
High energy costs may inflate steel prices, disrupt manufacturing industries
- High energy costs in countries like Germany, Italy, Austria and Finland will likely inflate steel prices; this could hinder the industry as steel is a crucial input for manufacturing.
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Revenue
€93.3bn
Employees
515k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe
| 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 | |
Stanley Black & Decker, Inc. | 15,813.5 | 2,102.5 | 13.3 |
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Cutlery, Hand Tool & General Hardware Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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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 Europe in 2024?
The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe is €93.3bn in 2024.
How many businesses are there in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry in 2024?
There are 58,687 businesses in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe, which has grown at a CAGR of 2.8 % between 2019 and 2024.
Has the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe has been declining at a CAGR of 2.8 % between 2019 and 2024.
What is the forecast growth of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Cutlery, Hand Tool & General Hardware Manufacturing market in Europe?
The biggest companies operating in the Cutlery, Hand Tool & General Hardware Manufacturing market in Europe are Adolf Würth GmbH & Co. KG, Robert Bosch GmbH and Stanley Black & Decker, Inc.
What does the Cutlery, Hand Tool & General Hardware Manufacturing in Europe 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 Europe?
The company holding the most market share in Europe is Adolf Würth GmbH & Co. KG.
Which countries have the most businesses in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe?
The European country with the most businesses in the Cutlery, Hand Tool & General Hardware Manufacturing industry is Czechia.
How competitive is the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe?
The level of competition is high and increasing in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Cutlery, Hand Tool & General Hardware Manufacturing in Greece
- Cutlery, Hand Tool & General Hardware Manufacturing in Romania
- Cutlery, Hand Tool & General Hardware Manufacturing in Norway
- Cutlery, Hand Tool & General Hardware Manufacturing in Poland
- Cutlery, Hand Tool & General Hardware Manufacturing in Ireland
- Cutlery, Hand Tool & General Hardware Manufacturing in Estonia
- Cutlery, Hand Tool & General Hardware Manufacturing in Iceland
- Cutlery, Hand Tool & General Hardware Manufacturing in Europe
- Cutlery, Hand Tool & General Hardware Manufacturing in Luxembourg
- Cutlery, Hand Tool & General Hardware Manufacturing in Russia
- Cutlery, Hand Tool & General Hardware Manufacturing in Slovakia
- Cutlery, Hand Tool & General Hardware Manufacturing in Italy
- Cutlery, Hand Tool & General Hardware Manufacturing in Sweden
- Cutlery, Hand Tool & General Hardware Manufacturing in Turkey
- Cutlery, Hand Tool & General Hardware Manufacturing in Cyprus
- Cutlery, Hand Tool & General Hardware Manufacturing in Latvia
- Cutlery, Hand Tool & General Hardware Manufacturing in Spain
- Cutlery, Hand Tool & General Hardware Manufacturing in Portugal
- Cutlery, Hand Tool & General Hardware Manufacturing in Serbia
- Cutlery, Hand Tool & General Hardware Manufacturing in Belgium
- Cutlery, Hand Tool & General Hardware Manufacturing in Hungary
- Cutlery, Hand Tool & General Hardware Manufacturing in Czechia
- Cutlery, Hand Tool & General Hardware Manufacturing in Denmark
- Cutlery, Hand Tool & General Hardware Manufacturing in Malta
- Cutlery, Hand Tool & General Hardware Manufacturing in Bosnia & Herzegovina
- Cutlery, Hand Tool & General Hardware Manufacturing in Austria
- Cutlery, Hand Tool & General Hardware Manufacturing in France
- Cutlery, Hand Tool & General Hardware Manufacturing in Lithuania
- Cutlery, Hand Tool & General Hardware Manufacturing in the Netherlands
- Cutlery, Hand Tool & General Hardware Manufacturing in Finland
- Cutlery, Hand Tool & General Hardware Manufacturing in Croatia
- Cutlery, Hand Tool & General Hardware Manufacturing in Slovenia
- Cutlery, Hand Tool & General Hardware Manufacturing in Bulgaria
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 SteelWhat's included in this industry?
Manufacture of cutleryManufacture of metal hand toolsManufacture of general hardwareCompanies
Adolf Würth GmbH & Co. KGRobert Bosch GmbHStanley Black & Decker, Inc.Industry Code
2593 - Manufacture of cutlery, hand tools and general hardware in Europe
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Performance
Key Takeaways
Import competition is a growing concern for manufacturers
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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 in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry (2011 -2029)
- Employees in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry (2011 -2029)
- Business in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry (2011 -2029)
- Profit in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe 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 Europe 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.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Cutlery, Hand Tool & General Hardware Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
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)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (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.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Adolf Würth GmbH & Co. KG
- Countries of operation for Robert Bosch GmbH
- Countries of operation for Stanley Black & Decker, Inc.
- Countries of operation for Groupe SEB WMF Retail GmbH
- Countries of operation for Zwilling J. A. Henckels AG
- Countries of operation for Hultafors Group AB
- Countries of operation for Victorinox AG
- Countries of operation for Beta Utensili SpA
- Countries of operation for Snap-on Tools Group
- Countries of operation for Arcos Hermanos SA
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.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Cutlery, Hand Tool & General Hardware Manufacturing in Europe 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.
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 Europe 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.
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