Builder Hardware Market 2019 Global Size, Trends, Competitive Analysis, Share, Key Players, Demand, Regional Outlook, Forecast To 2024

21/ott/2019 12:11:44 Automotive Market Research Reports Contatta l'autore

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The  Global Hardware Market Builder  is Expected to Expand at  4.88% CAGR  during the forecast period.  

The  Global Builder Hardware Market  is expected to gain unprecedented value of  USD 55.795.8 Million by 2024  with a  CAGR of 4.88%  during the forecast period ( 2019-2024). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Builder hardware is a group of metal hardware that is mainly used for supporting buildings and structures and making them effective in terms of protection, convenience, and aesthetic enhancement. Door handles, door hinges, bolts, latches, locks, and door knockers are some of the builder hardware components that are used with the doors, windows, and cabinets. During the forecast period, the global market is expected to be driven by various factors, such as the growth of the construction industry, rise in demand for strong security, and rise in furniture use. However, fluctuating raw material prices could hamper market growth during the forecast period.

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The global builder hardware market is segmented based on type and application. On the basis of type, the global builder hardware market is segmented into cabinet hardware, doors, hardware, windows hardware, plumbing hardware, and others. The cabinet hardware segment is expected to dominate the global market during the forecast period. Cabinet hardware includes components that are used to make cabinets, such as hinges, pulls, latches, knob, and fasteners. The growing construction activities is expected to drive the demand for cabinet products during the forecast period.

The global builder hardware market is divided into residential and non-residential. The residential segment is expected to hold the maximum market share.

Prominent players profiled in the Builder Hardware market

  • ASSA ABLOY (Sweden)
  • Allegion plc (Ireland)
  • Masco Corporation (US)
  • dormakaba Group (Switzerland)
  • Tyman plc (US)
  • Roto (Germany)
  • Siegenia (Germany)
  • Sobinco (Belgium)

Industry Updates

  • In March 2019 , ASSA ABLOY completed the acquisition of Spence Doors, a leading manufacturer of commercial doors in Australia. The company developed its position in the market by adding complementary products and solutions to its core business.
  • In May 2018 , Allegion plc announced the acquisition of GWA Group Limited's Door and Access Systems business through one of its subsidiaries. Its strategic acquisition increased in Australia and significantly improved its position in the market in Asia-Pacific.

Key Questions Addressed by the Report

  • What was the historic market size (2018)?
  • Which segmentation (Type / Application is driving market?
  • What will be the growth rate by 2024?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

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