The market is dominated by foreign suppliers, as imports account for 66.3% of total market size in 2020. Households drive market demand, with household spending representing 54.2% of total demand in 2020. The UK has the second largest market size for cutlery, hand tools and general hardware in the region, with demand reaching USD7.6 billion in 2020. Newell Holdings Ltd is the largest company in the UK, generating 18.2% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 33.1% of total production value in 2020. The total number of companies decreases in 2020, to 2,983 units. The costs of the industry decrease by 8.9% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 30.2% of production value in 2020, the highest in the region. With production value of USD2.7 billion, the UK accounts for 5.6% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in the UK: 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 UK: ISIC 2893 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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