The global demand for Door Hardware Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Door hardware refers to the several items attached to a door to enhance its functionality or appearance. It involves many different categories of hardware components like hinges, locks, handles, fasteners, etc. The preferred characteristics of door hardware are aesthetically pleasing, durable, and consistent with the level and severity of use, robust designs requiring minimal maintenance, ease of use, and best support to maintain a building's safety and security. Modern door hardware must meet various standards like Disabilities Act (ADA), green-building guidelines, fire-safety codes, and state and local building codes and standards.
Market Dynamics
Facilities worldwide continuing to ramp up their security measures to provide better protection for both occupants and operations is the primary driver for the growth of the door hardware market. Rapid urbanization, high disposable income, and increased consumer spending on home remodeling and interior fittings will boost the market growth. Maintenance departments in K-12 schools, universities, hospitals, government, and commercial buildings majorly concerned about the safety of the inmates and efficiency of door hardware to reap long-term benefits will help in the steady growth of the market. The booming hospitality sector and consumers looking for contemporary patterns will be a market booster. The major restraints for the development of the market are the high price of raw materials.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of door hardware. The growth and trends of door hardware industry provide a holistic approach to this study.
Market Segmentation
This section of the door hardware market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Aluminum/ Metal Door Hardware
- PVC Door Hardware
- Wood Door Hardware
- Glass Door Hardware
By Type
- Automatic Door Hardware
- Semi-automatic Door
- Other
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Door Hardware market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Door Hardware Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the door hardware market include ASSA ABLOY, Andersen, dormakaba, Hafele, Knape and Vogt, Roto Frank, KIN LONG Company, Spectrum Brands, Siegenia-aubi, Tyman plc, Marvin Windows & Doors. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.