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          1. Handtool, Cutlery & Flatware Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/14/2020
            SIC Codes: 3421, 3423, 3425, 3469
            NAICS Codes: 3322
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Handtool, Cutlery & Flatware Manufacturing Industry Profile

            Companies in this industry are primarily engaged in manufacturing metal cutlery, nonpowered hand and edge tools, saw blades, metal kitchen utensils, and metal kitchen pots and pans. Major US companies include Blount International, Klein Tools, Lifetime Brands, LS Starrett, Snap-on, and the tools unit of Stanley Black & Decker.

            The US handtool, cutlery, and flatware industry includes about 1,100 companies with combined annual revenue of about $10 billion.

            COMPETITIVE LANDSCAPE

            Demand depends heavily on the construction and building repair industries. The profitability of individual companies depends on effective marketing and efficient production. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The US industry is concentrated: the 50 largest companies account for about 70% of the revenue.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Handtools (including wrenches, hammers, scissors, vises, clamps, screwdrivers, pliers, chisels, measuring devices, and saw blades) account for about 65% of industry revenue. Cutlery (including kitchen knives, sporting knives, razor blades, "flatware" (table knives, forks and spoons), and metal kitchen cookware accounts for about 35%.

            Manufacturers use a variety of fabrication processes, including forging, stamping, bending, forming, and machining, to turn purchased metal into final products. Steel is the major raw material, often in the form of alloys with special properties such as hardness or resistance to corrosion. Plastic is frequently used for handles.

            Small manufacturers may buy semi-finished forgings or castings from outside suppliers; large manufacturers ...

             
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