The Business Research Company’s latest report Cutlery And
Hand Tool Global Market Report 2020 covers Cutlery And Hand Tool market
drivers, Cutlery And Hand Tool market trends, Cutlery And Hand Tool market
segments, Cutlery And Hand Tool market growth rate, Cutlery And Hand Tool
market major players, and Cutlery And Hand Tool market size. The report
provides in-depth analysis of the impact of COVID-19 on the Cutlery And Hand
Tool industry, along with revised market numbers due to the effects of the
coronavirus.
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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.
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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.
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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