About Door Hardware
Door hardware is meant to assist opening and closing of doors installed in residential and commercial applications. Rising urbanization and smart cities projects have led to increase in number of smart housing solution thus, supplementing the door hardware market growth. Recent advancements in door hardware has focused towards reducing the cost and various lightweight metallic materials are being used for the same.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 4.8% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Door Hardware market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ashland Hardware System (United States), Hangzhou Wintek Building (China), Atlas Homeware (United States), LaForce, LLC (United States), Caldwell Manufacturing Co. (United States), Roto Frank of America Inc. (Canada), Radisson Industries (Canada), Stanley Hardware (United States), Vision Hardware (United States), Andersen Windows (United States) and Kolbe Windows & Doors (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Weiser (United States), Nova Hardware (United States) and Safeland Industrial (United States).
Segmentation Overview
AMA Research has segmented the market of Global Door Hardware market by Type (Handle, Connecting Piece and Others), Application (Residential Building, Commercial Building, Industrial and Institutional) and Region.
On the basis of geography, the market of Door Hardware has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Locking Hardware will boost the Door Hardware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Door Hardware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Door Hardware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in the demand for sensors equipped hardware
Market Growth Drivers:
A constantly rising trend of green and smart buildings, coupled with customized solutions and Continuously rising construction of residential and commercial building in both developed and developing economies
Challenges:
As smart locks become more prevalent, vulnerabilities and hacking risks emerge.
Restraints:
Lack of proper building infrastructure in underdeveloped nations
Opportunities:
Technological advancement for improving safety features and Increasing disposable income and standard of living in emerging economies
Market Leaders and their expansionary development strategies
In October 2021, LaForce has acquired Collins Door & Hardware This acquisition strengthened LaForce's position in the commercial door hardware market, adding Collins' extensive product line and distribution network.
In September 2023, Zoo Hardware has launched a range of new Fire Door Kits. The kits have been designed to support construction professionals in achieving complete compliance with fire door specifications by supplying all of the necessary hardware in a single pack.
Key Target Audience
Door hardware manufacturers and suppliers, End User companies, Industry experts and consultant, Door parts manufacturing companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.