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Door Handles Market

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The global door handles market was valued at US$ 8,450 million in 2018 and is anticipated to register a CAGR of 4.4% in terms of revenue during the forecast period (2018 – 2026).
Door Handles Market – Size, Share, Outlook, and
Opportunity Analysis, 2018–2026
The global door handles market is projected to reach US$ 12,510 million by the end
of 2027, at a CAGR of 4.4% over the forecast period, owing to the escalating growth
of construction industry.
Attributing factors such as increasing residential and commercial properties or
complexes are fueling growth of the door handles market. Increasing manufacturing
of doors and windows promote the growth for the door handles because it is not only
used as a mechanical tool to open and close the door but it also contributes towards
the aesthetic appearance of the door. These factors are anticipated to propel the
demand for door handles over the forecast period.
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Fancy zinc door handles and others are expected to gain traction in the door handles
market during the forecast period 2019-2027. Due to growing premium housing
segment and use of antique metal door handles in luxurious home, bungalows, and
row houses is expected to escalate the demand for door handles. Besides,
Increasing disposable income, high standard of living and luxurious life are growth
factors for the antique metal door handles.
However, manual revolving door system is anticipated to hamper the growth of the
door handles market in the forecast period. Manual revolving doors are majorly used
in the educational institustions, banks and other govenemnt institutions.
The global door handles market was valued at US$ 8,450 million in 2018 and is
anticipated to register a CAGR of 4.4% in terms of revenue during the forecast
period (2019 – 2027).
Asia Pacific is anticipted to dominate the global door handles market in 2018 due to
construction of toilets and rural house. For instance, according to the Ministry of
drinking water and Sanitation Government of India 2017, after the launch of Swachh
bharat Mission, there is tremendous increse in the demand for toilet infrastructure.
Government initatives focusing on open defection free India and incresing number of
toilet are aniticipeted to increse huge opportunities for local and global door handles
player.
Furthermore, According to the Building and Construction Authority of Singapore
Government, the demand for construction in Singapore, in terms of value is
estimated to increase between US $27 billion to US$ 32 billion during the forecast
period 2020 to 2023. Besides public sector is anticipated to grant and contribute US$
16 billion to US$ 20 billion per year during 2020 to 2023 period.
Players operating in the global door handles market are adopting various growth
strategies such as mergers & acquisitions and business expansion to serve
increasing demand for door handles. For instance, in September 2018,
SchlegelGiesse Ltd. an international division of the Tyman's PLC acquired Reguitti
which is an Italian based company that deals in manufacturing of door and windows
handles. Tyman’s PLC is one of the leading supplier of engineered components to
door and window industry, which has 26 manufacturing sites and 18 sourcing and
distribution sites across North America, Asia, Europe, Australasia and Europe.
Major players operating in the global door handles market 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, HEmtek products Inc., D- Line, WEST inx., and others
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Author
apeksha motghare
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