Industry Statistics and Rankings
How does this industry perform in Finland compared to Europe?
Country Benchmarking
Industry Data Finland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#31 In EuropeBusiness
#24 In EuropeEmployees
#31 In EuropeWages
#31 In EuropeEurope's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year.
Enterprises
Number of businesses in 2024
Biggest companies in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland in 2024?
The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland is €16.9m in 2024.
How many businesses are there in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry in 2024?
There are 166 businesses in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland, which has declined at a CAGR of 2.8 % between 2019 and 2024.
Has the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland grown or declined over the past 5 years?
The market size of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland has been declining at a CAGR of 41.2 % between 2019 and 2024.
What is the forecast growth of the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland over the next 5 years?
Over the next five years, the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland is expected to grow.
What does the Cutlery, Hand Tool & General Hardware Manufacturing in Finland include?
Manufacture of cutlery and Manufacture of metal hand tools are part of the Cutlery, Hand Tool & General Hardware Manufacturing industry.
How competitive is the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland?
The level of competition is moderate and steady in the Cutlery, Hand Tool & General Hardware Manufacturing industry in Finland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Manufacturers in this sector produce cutlery, including knives and forks and metal hand tools like hammers and pliers. They also make general hardware items, like hinges and locks, used in various applications, including household and commercial settings.
Related Terms
ErgonomicsHardness TestingCarbon SteelWhat's included in this industry?
Manufacture of cutleryManufacture of metal hand toolsManufacture of general hardwareCompanies
Industry Code
2593 - Manufacture of cutlery, hand tools and general hardware in Finland
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
Outlook
Analysis
What's driving the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry outlook?
Volatility
Analysis
What influences volatility in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Global manufacturers influence the hand tool market. In a volatile economy, consumers opt for cheaper metal hand tools from overseas producers, impacting domestic manufacturers' share in the market.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry's products and services performing?
Analysis
What are innovations in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
International Trade
Highlights
- Total Imports into Finland
- Total Exports into Finland
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry exhibits moderate concentration. Europe's Cutlery, Hand Tool and General Hardware Manufacturing industry is highly fragmented and populated with many competitors offering a wide range of products and services.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent safety norms govern manufacturers. These norms ensure product safety and quality and regulate hazardous substance control, waste management and energy efficiency.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising energy costs damage cutlery, hand tools and general Hardware companies. The Russian invasion of Ukraine has raised energy prices, increased operational expenses, curbed profitability and diminished consumer demand for industry commodities.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Cutlery, Hand Tool & General Hardware Manufacturing in Finland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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