The global market for Builders' and Cabinet Hardware is estimated at US$24.1 Billion in 2023 and is projected to reach US$34.5 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the builders' and cabinet hardware market is driven by several factors, including rising construction activities, increasing home renovation projects, and advancements in hardware technology. The surge in residential and commercial construction, particularly in emerging economies, boosts the demand for high-quality hardware. Additionally, the trend towards home improvement and DIY projects, fueled by greater access to information and inspiration from online platforms, leads to increased sales of cabinet and builders' hardware.
Technological innovations that enhance the functionality, durability, and aesthetic appeal of hardware products also contribute to market expansion. Furthermore, the growing emphasis on security and smart home solutions drives the adoption of advanced locking mechanisms and smart hardware. Economic growth, urbanization, and rising disposable incomes further stimulate demand, ensuring robust market growth and continual innovation in the builders' and cabinet hardware industry.
The growth in the builders' and cabinet hardware market is driven by several factors, including rising construction activities, increasing home renovation projects, and advancements in hardware technology. The surge in residential and commercial construction, particularly in emerging economies, boosts the demand for high-quality hardware. Additionally, the trend towards home improvement and DIY projects, fueled by greater access to information and inspiration from online platforms, leads to increased sales of cabinet and builders' hardware.
Technological innovations that enhance the functionality, durability, and aesthetic appeal of hardware products also contribute to market expansion. Furthermore, the growing emphasis on security and smart home solutions drives the adoption of advanced locking mechanisms and smart hardware. Economic growth, urbanization, and rising disposable incomes further stimulate demand, ensuring robust market growth and continual innovation in the builders' and cabinet hardware industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Builders' Hardware segment, which is expected to reach US$28.4 Billion by 2030 with a CAGR of a 5.4%. The Cabinet Hardware segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.5 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $5.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Builders' and Cabinet Hardware Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Builders' and Cabinet Hardware Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Builders' and Cabinet Hardware Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adams Rite, Allegion plc, Ashland Hardware Systems, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 212 Featured):
- Adams Rite
- Allegion plc
- Ashland Hardware Systems
- ASSA ABLOY AB
- CompX International, Inc.
- Dormakaba Group
- HAGER COMPANIES
- Hickory Hardware
- Kwikset Corp.
- Markar Architectural Products
- Masco Corp.
- Medeco
- Miwa Lock Co. Ltd.
- Preferred Engineering Products Ltd.
- Rockwood Manufacturing Company
- SARGENT Manufacturing Company
- Schlage
- Securistyle Ltd.
- Security Door Controls
- Stanley Black & Decker, Inc.
- Sugatsune America, Inc.
- The J.G. Edelen Co.,
- Tyman Plc
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Adams Rite
- Allegion plc
- Ashland Hardware Systems
- ASSA ABLOY AB
- CompX International, Inc.
- Dormakaba Group
- HAGER COMPANIES
- Hickory Hardware
- Kwikset Corp.
- Markar Architectural Products
- Masco Corp.
- Medeco
- Miwa Lock Co. Ltd.
- Preferred Engineering Products Ltd.
- Rockwood Manufacturing Company
- SARGENT Manufacturing Company
- Schlage
- Securistyle Ltd.
- Security Door Controls
- Stanley Black & Decker, Inc.
- Sugatsune America, Inc.
- The J.G. Edelen Co.,
- Tyman Plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 358 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 24.1 Billion |
| Forecasted Market Value ( USD | $ 34.5 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
