The market is dominated by foreign suppliers, as imports account for 69.7% of total market size in 2022. Households drive market demand, with household spending representing 58.2% of total demand in 2022. The UK has the third largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD8.9 billion in 2022. Stanley Black & Decker Inc is the largest company in the UK, generating 10.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 23.3% of total production value in 2022. The total number of companies decreases in 2022, to 2,692 units. The costs of the industry increase by 0.7% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 24.4% of production value in 2022, the second highest regionally. The industry’s exports share increases in 2022 to 34.2% of total production output. With production value of USD2.7 billion, the UK accounts for 5.1% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in the United Kingdom: 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 the United Kingdom: 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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