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Rising Investments in Real Estate Drives the Global Builders’ and Cabinet Hardware Market


Published: March 2017

REPORT STATISTICS


  • Code: MCP-1144
  • Pages: 622
  • Tables: 69
  • Companies: 467


BUILDERS' AND CABINET HARDWARE: A RESEARCH BRIEF

The global market for Builders’ and Cabinet Hardware is projected to exceed US$19.4 billion by 2022, driven by recovering construction activity in most countries across the world as evidenced by rising investments in real estate sector, and property construction. Spurt in hospitality constructions and residential renovations guided by improving consumer confidence and rising home value are driving opportunities in the market, coupled with technology and design innovations in cabinetry hardware. Handmade recycled glass knobs, mix and match styles, and custom door hardware in wide range of innovative materials such as sand cast bronze, lost wax cast bronze, wrought steel, crystal, and porcelain etc. are expected to witness premium pricing benefits. A key trend in the market is the growing environmental concerns and the resulting changes in production techniques and product design such as environment friendly finishes and coating of door handles etc. The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.5% over the analysis period led by factors such as strong economic growth; rapid urbanization; increased focus on residential and commercial building safety and security against the backdrop of growing crime and social unrest; increasing disposable income and rising standards of living of the expanding base of middle class population and a parallel increase in upmarket, luxury living and increased spending on home furnishing and fixtures. 

    Summary of Findings

  • Rising Number of Home Renovation Projects Benefits Demand for Door Locks, Hinges and Closers in Builders’ Hardware
  • Expanding Base of Do-It-Yourselfers and the Ensuing Rise in Home Improvement Projects Spurs Demand for Door Hardware and Accessories such as Handles, High End Mechanical Locks and Durable Deadbolts
  • Innovation in Latch and Lockset System Gains Momentum Against the Backdrop of Demand for Tamper Proof Solutions for Locking and Unlocking Accessible Openings such as Doors and Windows
  • Growing Demand for Aesthetically Superior and Attractive Architectural Hardware for Doors and Windows Drives the Popularity of ‘Coordinated Hardware’
  • Recycled Raw Materials Gain Wider Acceptance in Cabinet Hardware Manufacturing

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World

MAJOR PLAYERS

  • Allegion plc
  • Ashland Hardware Systems
  • ASSA ABLOY AB
  • CompX International, Inc.
  • Dormakaba Group
  • HAGER COMPANIES
  • Hickory Hardware
  • The J.G. Edelen Co.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable