Industry Background:
The furniture hardware is the supporting products or pieces which are used to provide support to the furniture maintaining the design, style, pattern, overall look and durability. These products are can be locks, hinges, drawer slides, knobs, and various others depending on the furniture. They are widely used for household applications, healthcare industry, retail industry, hospitality industry, and various others. There might be some issues involved with external environments like corrosion, costly manufacturing, etc.This growth is primarily driven by The Need for Furniture Fittings for Proper Working and Safety of People in the Home and Increasing Purchasing Power and Standard of Living of People around the World Leading to Increased Investment in Home and Types of Furniture.
Globally, a noticeable market trend is evident The Advent of Furniture Hardware in Various Designs and Styles
. Major Vendors, such as The Hettich Group (Germany), Accuride International Inc. (United States), Formenti e Giovenzana SpA (Italy), Knape & Vogt Manufacturing Company (United States), Jonathan Charles Fine Furniture (Vietnam), Semihandmade (United States), GRASS GmbH (Austria), Salice (Italy), General Devices, Inc. (United States), Guangdong Taiming Metal Products Co., Ltd. (China) and Guangdong SACA precision manufacturing Co., Ltd (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
"An array of laws and guidelines — including the Americans with Disabilities Act (ADA) and standards from the National Fire Protection Association (NFPA) — affect the design, specification, testing, and maintenance of doors and door hardware, including closers, locks, hinges, exit devices, and alarms. To ensure compliance with ADA requirements, managers must fully understand the provisions of ADA's accessibility guidelines related to doors and door hardware. For example, guidelines contained in section 4.13 of the ADA Standards for Accessible Design specify that a 32-inch, clear opening with the door open, Lever-, push, or U-handle design and no tight grasp or pinching, Knob handles might not comply, due to gripping pressure required to operate them, a closing speed of 3 seconds from 70 degrees open to 3 inches from the latch. And lastly a maximum opening force of 5 pounds for an interior hinged door and "low-energy, automatic operators that meet ANSI/BHMA Standard."
Market Drivers
- The Need for Furniture Fittings for Proper Working and Safety of People in the Home
- Increasing Purchasing Power and Standard of Living of People around the World Leading to Increased Investment in Home and Types of Furniture
Market Trend
- The Advent of Furniture Hardware in Various Designs and Styles
- Increasing Prevalence of Renting of Furniture
Restraints
- Stringent Regulatory Compliance Regarding Safety Involved with Furniture Hardware
- High Cost Involved with Manufacturing of Furniture Hardware
Opportunities
Growing E-commerce Market will Boost the Furniture Hardware Market and Surging Demand for Furniture Hardware from Architectural Industry
Challenges
Prevailing Intense Competition in the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Furniture Hardware Study Sheds Light on
The Furniture Hardware Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Furniture Hardware industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Furniture Hardware industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.