The global door handles market was valued at US$ 8,450 Mn in 2018, according to door handles Market Report, by Material type (Metal type, Plastic type and others), by Application (Residential, Commercial and Others) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global door handles market is projected to reach US$ 12,510 million by 2027, exhibiting a CAGR of 4.4% during the forecast period (2019- 2027). Increasing global construction industry is key factor propelling the growth of the door handles market, owing to the increasing no. of doors which necessarily used to complete the residential and commercial projects. Door handles have predominant importance in the making of door as it is an attached mechanical tool used to manually open or close a door and its attachment on the door contributes to door's beauty and artistic taste. For instance, according to Chartered Institute of Building (CIOB), in 2017, the global construction industry was valued at US$ 10.8 trillion and is expected to reach US$ 17.5 trillion by 2030 with average global construction growth rate of 3.9%, annually.
However, increasing application of automatic door system (Automatic swing, sliding, and revolving door system) for commercial properties such as office buildings, Hotels, high-rise apartment, hospitals are expected to hamper the growth of door handles market.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 24 market data tables* and 12 figures* on "Door handles Market” - Global forecast to 2027.
Key Trends and Analysis of the Door Handles Market:
Key Takeaways of the Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.