Architectural Hardware Market Size to Hit US$ 23.1 Billion by 2028 | CAGR of 4.9%
Global architectural hardware market segmented on the basis of application and end user.
SHERIDAN, NEW YORK, USA, April 24, 2023 /EINPresswire.com/ -- The latest research study โ๐๐ฟ๐ฐ๐ต๐ถ๐๐ฒ๐ฐ๐๐๐ฟ๐ฎ๐น ๐๐ฎ๐ฟ๐ฑ๐๐ฎ๐ฟ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ 2023-2028โ by IMARC Group, finds that the global architectural hardware market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 23.1 Billion by 2028, exhibiting a CAGR of 4.9% during 2023-2028.
Architectural hardware refers to architectural accessories that are produced from various metals, including steel, brass, iron, aluminum, etc. They mainly comprise door handles, latches, hinges, knobs, floor springs, furniture fittings, locks, panic bars, glass hardware railings, etc. These architectural hardware products are used to add closing, opening, and locking functionalities to doors, windows, showers, taps, etc. They are extremely durable and user-friendly, enhance convenience, improve the security and safety of homes and buildings, etc. Consequently, architectural hardware materials find extensive applications in residential, commercial, and industrial construction across the globe.
What Are The Key Factors Driving The Global Architectural Hardware Market?
The expanding construction industry and the increasing infrastructural development activities, which include airports, seaports, parks, educational institutes, healthcare facilities, stadiums, etc., are among the key factors driving the architectural hardware market. Moreover, the shifting consumer preferences from ornate fittings towards contemporary patterns for the enhanced visual appearance of the interiors and the introduction of sleek and luxurious hardware components in unique colors, textures, and designs are also positively influencing the global market.
Besides this, the development of smart product variants, including digital locks and door viewers, that are convenient to use, provide remote access through smartphones, ensure excellent security of homes, garages, and other buildings, etc., is acting as another significant growth-inducing factor. Additionally, the escalating demand for innovative architectural hardware polished with a matte texture and nickel, brass, and bronze finishes, designed in crystal and satin look, and customized in numerous geometric shapes, is further propelling the market growth. Apart from this, the rising investments in the refurbishment and reconstruction of several historical and public infrastructures are anticipated to stimulate the architectural hardware market over the forecasted period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/architectural-hardware-market/requestsample
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Application:
โข Furniture
โข Doors
โข Windows
โข Shower
Breakup by End User:
โข Residential
โข Commercial
โข Industrial
By Geography:
โขNorth America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Competitive Scenario with Key Players:
โข Allegion plc
โข Assa Abloy AB
โข Bohle Ltd.
โข CRH plc
โข Godrej & Boyce Mfg. Co. Ltd.
โข Hรคfele GmbH & Co KG
โข Hettich Holding GmbH
โข and Co. oHG, HOPPE Holding AG
โข Spectrum Brands Inc.
โข and Taiwan Fu Hsing Industrial Co. Ltd
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ญ๐จ ๐๐ข๐๐ฐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ: https://www.imarcgroup.com/architectural-hardware-market
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โขMarket Performance (2017-2022)
โข Market Outlook (2023- 2028)
โข Porterโs Five Forces Analysis
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Value Chain
โข Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCโs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companyโs expertise.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
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