Door Hardware Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

Building construction industry is blooming and the growing urbanization fuels the already growing residential and commercial complexes. Be it a residential complex or a commercial space, the construction of multi-level buildings is soaring high worldwide.

This increased building construction has resulted in increased production of doors and door hardware. Door hardware is an essential in door manufacturing and as a result there is an increasing demand for door hardware market on a global scale.

Global Door Hardware Market: Market Dynamics

Drivers for Door Hardware Market

Interior decoration, home remodeling and house styling are the terms trending globally. People are getting more concerned over the way house looks or how stylish is the office space. The seriousness over aesthetics has resulted in a rising emphasis on door hardware in particular.

Globally, the industry is building new forms of housing tagged as affordable, ecofriendly, flexible, stylish, or healthy. These alternatives to traditional homes already make up 4% to 6% of all new residential units built, redefining the home styling quotient. Apart from having well-designed doors, door handles and hinges are also getting a lot of attention from the consumers, consequently leading to an increasing door hardware market.

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Trends for Door Hardware Market

Fancy zinc door handles are trending within the door hardware market, and so is the demand for longer door hardware. The new building models accommodate doors and entrances with an expanded height and weight is one of the trends in the door hardware market. The existing accessories such as flush pulls, pull handles and other accoutrements do not suffice the requirements effectively and are therefore being replaced by longer door fittings.

Opportunities for Door Hardware Market

Smart buildings and product innovations are the next thing. The improved and reframed building technology is an opportunity for the growth of the door hardware market. Contractors and builders are incorporating the internet of things and intelligent and agile systems to make buildings “smart” and energy efficient, in alignment with the call of the time. Smart locks are gaining popularity, especially in the developing regions. The popularity of smart locks is basis, the privilege of keyless entry, automatic door lock and extra safety and security.

Challenges for Door Hardware Market

A major challenge for the door hardware market is the rising adoption of revolving door system. The revolving doors are also gaining prominence owing to the fact that heavily frequented buildings require solutions that ensure entrances are safe, secure and user-friendly. As a matter of fact, intelligent, integrated solutions are designed within the revolving door category taking into consideration the efficiency in performance.

Another prime factor is that the visual appearance of revolving doors also allows creative scope for the design of facades. Moreover, the revolving doors are energy efficient as they prevent drafts, thereby decreasing the loss of heating or cooling for the building.

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