With production value of USD15.6 billion, India accounts for 9.0% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 7.3% of total production output. The industry’s profitability increases and stands at 16.9% of production value in 2023, the 12th highest regionally. The costs of the industry increase by 0.9% in 2023, largely driven by rising B2B costs. The total number of companies decreases in 2023, to 225,678 units. The industry is fragmented, with the top five companies generating 3.4% of total production value in 2023. Gillette India Ltd is the largest company in India, generating 1.7% of the industry’s total production value in 2023. India has the second largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD21.8 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 15.4% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in India: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in India: ISIC 2893 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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