DOOR HANDLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022)

The door handles are attached mechanical tool not only used to close & open the door but also to enhance the artistic beauty of the door. Growing construction industry and government initiatives to promote affordable homes to lower income groups are propelling the growth of the door handles market.

Market Dynamics

The industry growth is attributed to the growing residential and commercial construction activities, driven by rapid urbanization and industrialization, along with increasing consumer spending on home remodeling and interior fittings. Among the material type, metal is gaining major traction in door handles market. As stainless steel is extensively used in the manual sliding glass door system. This system is mostly installed in modern buildings such as corporate buildings, private homes and speciality stores where showcasing is main purpose such as jewellery shops, boutique, car showrooms.

As per United Nations (UN) in 2021, the population of Asia Pacific is expected to reach 5 billion by 2050, which in turn is expected to fuel demand for supportive infrastructure development. Asia Pacific is expected to gain the major traction in global door handles market during forecast period 2019-2027 owing to the favorable government policies and development of commercial infrastructure projects. For instance, according to the Business Sweden (regulated by Government of Sweden) in 2020, Tokyo is aiming to be a competitive global city as large infrastructure development investment projects are ongoing in major suburbs of Tokyo. Moreover in 2020, Japanese government imposed the regulations of building standards law which allowed builders to develop taller and high capacity tower and building. This scenario of deregulation is expected to foster the commercial and residential construction, which in turn increases the demand for door handles.

Key features of the study:

• This report provides in-depth analysis of global door handles market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global door handles market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include, Seleco Hardware decoration Products Co., Galbusera G. & G., Daya, Kuriki Manufacture Co., Bangpai, Ltd, Assa Abloy Group, Hafele, Sobinco, Allegion plc, Hooply, Ltd., Enrico cassina, Emtek products Inc., D- Line and WEST inx.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global door handles market report caters to various stakeholders in this industry including investors, suppliers, door handles manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global door handles market

Detailed Segmentation:

• Global Door Handles Market, By Material Type:
  • Metal Type
  • Plastic Type
  • Others
• Global Door Handles Market, By Application:
  • Residential
  • Commercial
•  Global Door Handles Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa
• Company Profile
  • Seleco Hardware decoration Products Co.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Galbusera G. & G.
  • Daya
  • Kuriki Manufacture Co.
  • Bangpai, Ltd
  • Assa Abloy Group
  • Hafele
  • Sobinco
  • Allegion plc
  • Hooply, Ltd.
  • Enrico cassina
  • HEmtek products Inc.
  • D- Line
  • WEST inx.

 “*” marked represents similar segmentation in other categories in the respective section