MarketResearch.biz has recently published its market research report titled, “Global Builder Hardware Market by Hardware Type, by End-use, and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global builder hardware market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at more than US$ 255 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Builder hardware is collection of various metal hardware that are particularly used for decoration, protection, and convenience to structures or buildings. These products do not aid in making any part of the building, rather they support functionality of the products used. Builder hardware typically supports various fixtures such as doors, windows, and cabinets. Various examples are, door hinges, door handles, latches, letter plates, etc.
Browse the full “Global Builder Hardware Market By Hardware Type, By End-Use, And By Region (North America, Europe, Asia Pacific, Latin America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/builder-hardware-market/
Global Builder Hardware Market: Dynamics
Growing demand and adoption of secured and well-established households across the globe is a key factor projected to drive growth of the global builder hardware market. In addition, improving standards of living, rapid urbanization in developing countries, and increasing disposable income are some additional factors propelling growth of the target market. Builder hardware includes various components that are used to activate the functionality of various fixtures such as doors, cabinets, widows, etc. and the range of these components include door handles, door knockers, latches, deadbolts, among others. Hence, higher demand for builder hardware can be attributed to rapidly growing construction industry globally. This is another major factor projected to support revenue growth of the global market. Growing remodeling activities of commercial and residential buildings and installation of cabinets and other furniture are some other factors projected to fuel demand for builder hardware and propel growth of the global market. However, violating prices of raw materials is one of the key factors that could hamper growth of the global market. In addition, availability of counterfeit products at lower cost and fragmentation of the market are some other factors challenging growth of the target market to a certain extent.
Global Builder Hardware Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global builder hardware market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global builder hardware market is expected to register a CAGR of 6% over the forecast period.
Global Builder Hardware Market: Segmental Snapshot
The market report has been segmented on the basis of hardware type, end-use, and region. The hardware type segment includes doors hardware, windows hardware, cabinet hardware, plumbing hardware, and other hardware types. The end-use segment includes residential, and non-residential. The regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Hardware Type: The doors hardware segment is expected to account for highest revenue share as compared to other segments till 2020, However, between 2021 and 2029, the cabinet hardware segment is projected to account for highest revenue share, and is projected to register highest CAGR of more than 6.4% over the forecast period.
End-use: The residential segment is expected to account for the highest share in terms of revenue in the global market. The commercial segment is projected to register highest growth rate of more than 5.9%
Region: The market in the Asia Pacific is expected to account for largest revenue share in the global market, and is projected to register the highest CAGR of over 7% over the 10-year forecast period
Global Builder Hardware Market: Competitive Analysis
The global builder hardware market research report includes company profiles of major players/ companies such as ASSA ABLOY AB, MASCO Corporation, TYMAN PLC., SIEGENIA-AUBI KG, Sobinco SA, ALLEGION Plc, dormakaba Holding AG, ROTO-frank AG, CompX International Inc., and Guangdong Kinlong Hardware Products Co., Ltd.
“Global Builder Hardware Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global builder hardware market for 2019–2029.
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