Market Snapshot:
Architectural hardware includes locks, hinges, catches, and many more that are attached to movable elements like doors or windows. While furniture hardware includes fixings or fittings that are used to create a durable piece of furniture. Architectural and furniture hardware is widely used in building constructions to give better look to the room or building. However, to protect exterior doors and windows from different weather conditions and extend the lifespan, a PVD layer is applied to the architectural hardware. The increasing adoption of mobile devices and advanced technologies has accelerated the adoption of electronic architectural hardware.
Highlights from Architectural and Furniture Hardware Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Godrej (India), Green Interio (India), Häfele GmbH & Co KG (Germany), Dormakaba (India), Assa Abloy (Sweden), Baldwin Hardware (United States), Allegion (Ireland), Schlage (United States), Spectrum Brands (United States), Aaren Intpro (India), Five Star Millwork (United States), Ashley Norton (United States) and Kendell Doors & Hardware (United States).
Geographic Breakdown and Segment Analysis
The Global Architectural and Furniture Hardware market presents a comprehensive analysis of the Architectural and Furniture Hardware market by end-user/application (Kitchen, Door & Windows, Bathroom Accessories, Furniture & Glass Fittings and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Architectural and Furniture Hardware industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Architectural and Furniture Hardware market
Analyst at AMA have segmented the market study of Global Architectural and Furniture Hardware market by Type, Application and Region.
Influencing Trend:
Emerging Trend of Flush Pulls and Entrance Pull Handles for Doors and Growing Adoption of Latest Technologies in the Architectural Hardware Products
Market Growth Drivers:
Rapidly Increasing Infrastructural Development Worldwide Due to Urbanization and Industrialization and Surging Demand of Quality Hardware for Windows and Doors to Give Finishing Touch and Better Look
Challenges:
Fluctuation in Cost of Raw Material
Restraints:
High Cost of Quality and PVD Coated Hardware Products
Opportunities:
Government’s Initiative to Build Smart Cities and Increased Construction Activities for Residential & Commercial Spaces.
Market Developments Activities:
In July 2021, Kendell announced the acquisition of Hardware Distributors Inc. to strengthen its presence on the east coast. Hardware Distributors Inc. has been serving with its finish hardware portfolio including hollow metal doors and frames, toilet partitions, wooden doors, and accessories for over 55 years. The acquisition will complement Kendell with the products and services to serve both company’s customers, and will also add value to Kendell’s new partners and shared endeavors.
In April 2023, Godrej Locks & Architectural Fittings and Systems are planning to launch new products and offerings as it targets a turnover of ₹1,450 crore in FY24. The company is testing internet locks for the hospitality sector and expects to launch it commercially in the next few months. This launch helped to expand its presence in architectural and furniture hardware market
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Architectural and Furniture Hardware Manufacturers, Suppliers and Distributors of Architectural and Furniture Hardware, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others