Hardware Market Report 2025

The hardware market size has grown strongly in recent years. It will grow from $127.14 billion in 2024 to $135.43 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry, rise in construction activity and the increasing infrastructure development.

The hardware market size is expected to see steady growth in the next few years. It will grow to $164.56 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to rapid urbanization, the rising government support, the increasing metal consumption by aerospace sector and automotive industry evolution. Major trends in the forecast period include launch of metal additive for manufacturing products, focus on new design innovations, strategic collaborations and acquisitions among market players, focus on net zero carbon products and use of recycled metals.

The forecast period is expected to see an increase in metal consumption by the aerospace sector, thereby propelling the hardware manufacturing market. This surge is primarily driven by the growing demand for commercial airplanes due to the rise in air travel. The International Air Transport Association (IATA) reported approximately 3.8 billion air travelers, a number projected to reach 7.2 billion by 2035. Boeing estimates a demand for around 42,730 new jets valued at $6.3 trillion over the next two decades to accommodate the increasing passenger traffic and upcoming retirements of airplanes. This heightened demand, especially for aluminum, is anticipated to drive the hardware manufacturing market in the forecast period.

Geopolitical tensions are expected to have a negative impact on the hardware manufacturing market during the forecast period. Consequences of such tensions include sanctions on Russia, trade protectionism, and increased military tensions in the Middle East. In March 2022, the U.S. Department of State and The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) intensified pressure on Russia by imposing sanctions on numerous Russian elites and their family members. These sanctions involved identifying certain properties of these individuals as blocked and targeting Russian intelligence-directed disinformation outlets. This action followed OFAC's sanctions in January 2022, which identified Russian agents involved in activities attempting to destabilize the Ukrainian government. The situation builds upon sanctions imposed in April 2021 for Russian-backed efforts to influence U.S. elections.

Many hardware manufacturing companies are adopting robotics and automation to enhance efficiency and productivity in their plants. Sensors are being integrated into various machines to gather valuable data that helps improve operational efficiency and minimize the risk of breakdowns. For example, a global market report indicates that the robotics market, valued at USD 59.7 billion in 2022, is expected to surge to over USD 200 billion by 2030, with a compound annual growth rate of 16.1% from 2023 to 2030. Notable companies supplying industrial robots to the metals sector include FANUC, KUKA, ABB, and Motoman.

Key players in the hardware market are concentrating on technological advancements, exemplified by the introduction of the Guardware Cleanroom Hardware brand, which aims to improve the quality and reliability of equipment used in controlled environments. The Guardware Cleanroom Hardware brand focuses on delivering high-quality equipment and accessories specifically designed for cleanroom applications. For instance, in August 2024, Guardtech Group, a U.K.-based company specializing in cleanroom technology and solutions for various sectors, launched the Guardware Cleanroom Hardware brand. This initiative is intended to enhance the company's current offerings and provide its clients with elite-level products. The new brand will offer a variety of items, including stainless steel furniture, lab-grade equipment, laminar flow units, and biosafety cabinets, among others.

Major companies in the hardware market are also launching new products, including customizable hardware finishes, to expand their customer reach, drive more sales, and enhance revenue. Customizable hardware finishes involve the ability to personalize the surface appearance of hardware products, such as metal fixtures or fasteners, to align with specific aesthetic or functional requirements for a particular project or application. In January 2023, Cafe Appliances, a U.S.-based appliance provider, introduced two new hardware finishes, Brushed Brass and Flat Black. These finishes enable customers to achieve a more personalized design look in their kitchens. The Brushed Brass finish is vibrant and striking, adding a rich accent to appliances, while the Flat Black finish is chic and enticing, enhancing kitchens with a strong sense of style. This product stands out by delivering fresh kitchen accessories that follow the latest design trends while bringing refinement and flair to homes.

Major companies operating in the hardware market include Assa Abloy AB, Allegion PLC, Blum Inc., Hafele GmbH & Co KG, Dormakaba Holding AG, Hindalco Industries Limited, Vintron Informatics Ltd, Siemens AG, Hakimi Traders L.L.C, Mitsubishi Electric Corporation, Hettich Holding GmbH & Co. oHG, Guangdong KinLong Hardware Products Co. Ltd., Intex Technologies India Ltd, China Northern Heavy Industries Group Corporation, China National Building Material Group Corporation, The Process Enterprise, Bharat Heavy Electricals Limited, Hyundai Heavy Industries Co., Ltd., D-Link India Ltd, Cerebra Integrated Technologies Limited, Johnson Bros. Roll Forming Co, WASEEM TRADERS, PPC Ltd, OAO Vyksa Steel Works (VSW), PJSC Magnitogorsk Iron and Steel Works, SACO, Routebr Trading Company, Amerock, Emtek, Atlas homewares, Godrej, Jonathan Goulart, Gem Manufacturing Co, Bolt Depot, Rockwell Automation Incorporation, Midex General Trading LLC, Kinter, Tata Steel Limited, Tyman PLC, Strybuc Industries, Argos Puxadores LTDA, Express Micro Informatica, Rusal, Curacao Do Brazil Ltda, Wisersoft, Cabos Weis, KFH Metal Stamping, Albatroz Comercio e Servicos Eireli ME, Schlage Lock Company LLC, Zoomlion Heavy Industry Science and Technology Co., Ltd., QCMI Corp, MISUMI Group Inc., Hangzhou Hardware Products Co., Ltd., CREATIVE SHELF, Saturno Tecnologia, Schneider Electric SE, ABB Ltd, Eaton Corporation Plc, Emerson Electric Co, NETCONFIG, Spix Trade-Alexandre Medeiros Rolim, Sephaku Holdings Ltd, Rostec, Novolipetsk Steel (NLMK), Tshu Trading Co., Ltd, Afrimat Ltd, Proteck Electronic Trading LLC, Siegenia-Aubi KG, DOUBLE METAL NIGERIA LTD.

Asia-Pacific was the largest region in the hardware market in 2024. Western Europe was the second-largest region in the hardware market. The regions covered in the hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hardware market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Hardware encompasses the external components of devices and instruments used in creating apparatus, such as metal hinges, handles, keys, locks, and other machinery. It plays a crucial role in helping companies mitigate unforeseen issues such as hardware damage and significant data loss, thereby reducing maintenance costs and enhancing overall business operations.

The primary categories of hardware include furniture hardware, motor vehicle hardware, builder's hardware, and various other types. Furniture hardware specifically pertains to fittings, fixings, and pieces utilized in the construction of furniture. Sales channels for hardware include OEM and aftermarket, catering to both business-to-business (B2B) and business-to-consumer (B2C) markets.

The hardware market research report is one of a series of new reports that provides hardware market statistics, including hardware industry global market size, regional shares, competitors with a hardware market share, detailed hardware market segments, market trends and opportunities, and any further data you may need to thrive in the hardware industry. This hardware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hardware market consists of sales of electronical hardware, computer hardware, and device hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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