Builder Hardware Market – Global Industry Analysis and Forecast (2024-2030)

Builder Hardware Market was valued at US$ 47.57 Bn. in 2023. The Global Market size is estimated to grow at a CAGR of 4.7% over the forecast period.
Builder Hardware Market Overview:
Builders hardware is a type of metal hardware used in construction for security, decoration, and convenience. Building products do not build any aspect of a structure; rather, they support and operate it. It usually holds windows, doors, and cabinets in place. Door handles, hinges, bolts, latches, numbers, letter plates, switch plates, and door knockers are all common examples of Builder Hardware.To know about the Research Methodology:-Request Free Sample Report

The market analyzes and forecasts the market size, in terms of value, for the market. Further, the Market is segmented by Type, Application, & Region. Based on Type, the market is segmented under Cabinet Hardware, Doors, Hardware, Window Hardware, Plumbing Hardware, & Others. Based on the Application, the market is segmented under the Residential & Non- residential. The market sizing and forecasts have been done for each segment based on value (in USD Billion).
Builder Hardware Market Dynamics:
Arise in the Standard of Living:

The Companies across the globe are heavily investing in product innovation and are deeply involved in the research and development process to provide improved and innovative products to meet consumer demand while competing with competitors and rival products. Many different varieties of building and cabinet hardware materials, such as doorknobs, locks, cabinet handles used in kitchen and bedroom cabinets, stainless flush hinges, and so on, have been introduced by companies. They've also introduced a highly secure security system for homes and offices, complete with alarms and easy control through smartphones. A rise in builder and cabinet hardware innovation is a major driver driving the builder and cabinet hardware market growth.

Growing Expenditure on Innovation Activities across the Globe:

Renovation activities in the household and commercial sectors have grown rapidly in recent years, as people's lifestyles have changed and their disposable money has increased, prompting them to spend more on the ambiance of their homes and businesses. All interior designers use builders and cabinets hardware materials for designing and proper tuning doors, windows, and cabinet accessories with the interior of rooms. Builders and cabinet hardware play an important role in redesigning homes and commercial spaces because it helps to enhance the appearance of space. The rising number of renovation operations in the residential and commercial sectors is a major factor driving the builder hardware market growth.

A Rise in Concern for a Security System:

People are increasingly concerned about the security of their homes and businesses as a result of increased theft rates. As a result, key players have launched a variety of hardware and electronic locks to help improve the security of people's homes and offices. Consumers have begun to choose from a variety of smart and high-tech security systems to assist improve the security of their homes and businesses. Many individuals are opting for new smart and electronic locks that can be accessed via smartphones, as well as security pins and fingerprints made of extremely strong and unbreakable material. The increasing use of high-tech security systems is one of the major factors driving the global builder hardware industry forward.

Builder Hardware Market Trends:

Rapid population growth is affecting demand for infrastructure facilities across the globe, with better infrastructure facilities for hospitals, educational institutions, mega marts, and other development projects emerging quickly. The government also plays an important role in the development of infrastructure facilities by investing heavily in the construction of hospitals, government offices, and educational institutions. Globally, the demand for builders and cabinet hardware parts, which are widely utilized in the construction industry, is increasing. The growing need for infrastructure development projects is a major driver driving the builder and cabinet hardware market.

Many companies have begun to invest in other nations and outsource their work to other countries because it is more cost-efficient; they hire skilled labor from various countries at a low cost. Various multinational companies are formed. The rise in demand for commercial projects in many nations has led to MNC firms investing heavily in infrastructure and providing good working conditions to their staff, which helps to improve their image. Builders use high-quality, premium, and designer gear to provide corporate offices an aesthetic appearance and make them trendy and modern. Builders and cabinet hardware are critical components in the building of commercial projects, and the rapid rise in demand for commercial projects is a crucial reason for the industry's growth.
Builder Hardware Market Segment Analysis:
Based on Type, Builder Hardware Market is segmented into Cabinet hardware, windows hardware, doors, hardware, plumbing hardware, and others. In 2023, the cabinet hardware segment has dominated the market, with a market value of USD 13,630.2 million. Similarly, the metals segment is expected to grow rapidly, with a CAGR of 5.22% during the forecast period. The growing construction activities are expected to drive demand for cabinet items.

Based on Application, the residential segment held the largest market share by accounting for 64% in 2023. The rapid increase in urbanization in various regions across the globe, as well as the rise in population, are two major reasons that are expected to favor the specific market. While Non-residential, will make a substantial contribution to the builder hardware industry's performance over the forecast period.
Builder Hardware Market Regional Insights:
Asia Pacific held the largest market share accounting for 47% in 2023. The construction industry's development and rapid industrialization are two major factors that will affect its success. During the forecasted period, countries like Japan, China, and India will play a key role in determining the Asia Pacific region's growth. China has witnessed rapid industrialization in recent years, and this has had a substantial impact on market performance. It will almost certainly play a significant role in future market growth.

The second largest region, Western Europe, accounted for 26% of the worldwide hardware market. In the hardware market, Africa was the smallest region.

The objective of the report is to present a comprehensive analysis of the Builder Hardware Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Builder Hardware Market dynamic and structure by analyzing the market segments and projecting the Builder Hardware Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Builder Hardware Market make the report investor’s guide.
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Builder Hardware Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 47.57 Bn.


Forecast Period 2024 to 2030 CAGR:
4.7%
Market Size in 2030:
US $ 65.61 Bn.


 Segments Covered:
by Type
• Cabinet Hardware
• Doors
• Hardware
• Window Hardware
• Plumbing Hardware
• Others


by Application
• Residential
• Non- Residential



Builder Hardware Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Builder Hardware Market, Key Players are:
• ASSA ABLOY
• Allegion
• Spectrum Brands (HHI)
• Masco Corporation
• DORMA
• Roto Frank
• Siegenia- aubi
• GretschAUnitas
• MACO
• Kin Long
• Winkhaus
• Sobinco
• Lip Hing
• 3H
• GEZE
• Ashland Hardware Systems
• Hager Company
• CompX International

Frequently Asked Questions :

1) What segments are covered in the Builder Hardware Market report?
Ans. The segments covered in the Builder Hardware Market reports are based on the Type and Applications.

2) Which region is expected to hold the highest share in the Builder Hardware Market?
Ans. Asia- Pacific is expected to hold the highest share in the Builder Hardware Market.

3) What is the market size of the Builder Hardware Market by 2030?
Ans. The market size of the Builder Hardware Market by 2030 is expected to reach nearly US$ 65.61 Bn.

4) What is the forecast period for the Builder Hardware Market?
Ans. The forecast period for the Builder Hardware Market is 2024 – 2030.

5) What was the market size of the Builder Hardware Market in 2023?
Ans. The market size of the Builder Hardware Market in 2023 was valued at US$ 47.57 Bn.