Global Builder Hardware Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Builder Hardware Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global builder hardware market report has been segmented on the basis of product type, application, and region.
Global Builder Hardware Market: Overview
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 make any part of the building; they just support their functionality. Builder hardware typically supports various fixtures such as doors, windows, and cabinets. Various examples are: door hinges, door handles, latches, letter plates, etc.
Global Builder Hardware Market: Dynamics
Growing demand for secured and well-established households across the globe is a key factor projected to drive growth of the global builder hardware market. In addition, improved living standard, 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, etc. Hence, high demand for builder hardware can be attributed to rapidly growing construction industry across the globe. This is a factor projected to support the revenue growth of the global market over the forecast period. Growing remodeling activities of commercial and residential buildings and installation of cabinets and other furniture are some other factors projected to fuel the demand for builder hardware and propel growth of the global market.
However, escalating prices of raw materials is one of the key factor expected to hamper growth of the global market. In addition, availability of the counterfeit products at lower cost and fragmentation of market are some other aspects challenging growth of the target market to a certain extent.
Global Builder Hardware Market: Segmental Analysis
Among the product type segments, the cabinet hardware segment is expected to register substantial growth over the forecast period.
Among the application segments, the residential segment is projected to contribute significant revenue shares of the global market. This can be attributed to growing demand for building hardware among new residential buildings as well as for replacing the old hardware.
Global Builder Hardware Market: Regional Analysis
Asia Pacific is projected to contribute significant shares of the builder hardware market. This can be attributed to growing residential and commercial construction activities in this region. In addition, growing urbanization, high demand for better housing coupled among increasing base of population are some additional factors projected to support revenue growth of the target market. Furthermore, strong presence of the builder hardware manufacturing and supplying companies is another factor expected to propel the target market growth.
Builder hardware market in North America is projected to register significant growth over the forecast period, owing to increasing renovation accomplishments among residential as well as commercial buildings. In addition, increasing residential and commercial construction projects is another factor expected to propel growth of the target market in this region.
Global Builder Hardware Market Segmentation:
Segmentation by Product Type:
- Doors Hardware
- Windows Hardware
- Cabinet Hardware
- Plumbing Hardware
- Others (Furniture Hardware, Safety & Security Hardware, etc.)
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- ASSA ABLOY
- Allegion plc
- Masco Corporation
- dormakaba Group
- Tyman plc.
- GUANGDONG KIN LONG HARDWARE PRODUCTS CO., LTD
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