Architectural and Furniture Hardware Market Size, Share, Growth, and Industry Analysis, By Type (Door Handles, Closers, Locks, Cylinder Pulls and Hinges (door furniture), Window &Cupboard fittings, Iron Railings, Handrails, Balustrades, Switches and Other), By Application (Architectural and Furniture), Regional Insights and Forecast to 2032

Updated On: 08 April 2024

ARCHITECTURAL AND FURNITURE HARDWARE MARKET REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

global architectural and furniture hardware market size was USD 30810 million in 2019 and market to touch USD 53360.08 million by 2032 at CAGR 5.4% during the forecast period. 

Architectural and furniture hardware refer to a wide range of components and accessories that serve functional and decorative purposes in the construction and furnishing of buildings and furniture. These hardware items are crucial for both the aesthetics and functionality of architectural structures and furniture pieces.

The choice of architectural hardware can greatly influence the overall design, functionality, and durability of structures and furniture. Different styles and materials are available to meet various aesthetic and functional requirements. Manufacturers specializing in these components play a crucial role in providing a wide range of options to architects, builders, and furniture designers. Remote working posed challenges for industries reliant on physical presence for collaboration and decision-making. This may have affected the development and implementation of architectural plans and furniture design.

COVID-19 Impact: Increased Demand for Home Office Furniture to Hinder Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Many hardware components are manufactured globally, and the pandemic disrupted supply chains due to lockdowns, restrictions, and disruptions in transportation. Factory closures, reduced workforce, and logistical challenges led to delays in the production and delivery of architectural hardware. With more people working from home, there was a surge in demand for home office furniture. This led to increased demand for specific types of hardware such as drawer slides, ergonomic handles, and cable management solutions. The pandemic influenced consumer preferences and priorities, impacting the design and features of architectural and furniture hardware market growth. For instance, there was an increased focus on touchless or antimicrobial hardware solutions in response to hygiene concerns.

LATEST TRENDS

"Sustainable Materials and Design to Drive Market Growth"

Integration of smart technologies into architectural and furniture hardware, including smart locks, hinges, and sensors. Home automation and the Internet of Things (IoT) influencing the development of hardware components with remote control and monitoring capabilities. Growing emphasis on sustainable and eco-friendly materials in both architectural hardware. Sustainable manufacturing practices and the use of recycled materials gaining importance. Increased focus on hygiene and cleanliness due to the COVID-19 pandemic, leading to the adoption of antimicrobial finishes and touchless hardware solutions.

ARCHITECTURAL AND FURNITURE HARDWARE MARKET SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type the global market can be categorized into door handles, closers, locks, cylinder pulls and hinges (door furniture), window &cupboard fittings, iron railings, handrails, balustrades, switches and other.

Door handles are essential components in both residential and commercial buildings. They come in various styles, materials, and finishes, catering to diverse design preferences. Door handles are used not only for functionality but also as decorative elements.

• By Application

Based on application the global market can be categorized into architectural and furniture.

Architectural hardware is extensively used in residential construction for doors, windows, cabinets, and various other applications. Door handles, locks, hinges, and window fittings are essential components in homes.

DRIVING FACTORS

"Interior Design and Furniture Trends to Augment the Market"

The overall health of the construction and real estate industries significantly influences the demand for architectural hardware. Economic growth, urbanization, and new construction projects drive the need for hardware components in buildings. Changes in interior design preferences and furniture trends impact the demand for furniture hardware. For example, shifts toward minimalist designs, mixed materials, and customized furniture influence the types of hardware required. Technological innovations play a crucial role in shaping the industry. Smart and connected hardware solutions, including IoT-enabled devices and home automation systems, continue to drive interest and demand.

"Interior Design and Furniture Trends to Expand the Market"

The overall health of the construction and real estate industries significantly influences the demand for architectural hardware. Economic growth, urbanization, and new construction projects drive the need for hardware components in buildings. Changes in interior design preferences and furniture trends impact the demand for furniture hardware. For example, shifts toward minimalist designs, mixed materials, and customized furniture influence the types of hardware required. Technological innovations play a crucial role in shaping the industry. Smart and connected hardware solutions, including IoT-enabled devices and home automation systems, continue to drive interest and demand.

RESTRAINING FACTOR

"Regulatory and Environmental Considerations to Potentially Impede Market Growth"

Globalization affects the supply chain for hardware components. Manufacturers often source materials internationally, and disruptions or changes in global trade can impact the availability and cost of hardware. Compliance with building codes, safety standards, and environmental regulations influences the design and manufacturing processes of hardware. Sustainable practices and materials are increasingly prioritized. Economic factors, including GDP growth, interest rates, and consumer confidence, impact the construction and furniture industries. Economic downturns can lead to project delays and reduced consumer spending on furniture.

ARCHITECTURAL AND FURNITURE HARDWARE MARKET REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Asia Pacific to Dominate the Market due to Rapid Economic Growth"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

Many countries in the Asia Pacific region have experienced rapid economic growth, leading to increased construction activities and rising demand for architectural and furniture hardware market share. Asia Pacific is a major manufacturing hub for various industries, including furniture and construction materials. The presence of numerous manufacturing facilities contributes to the production of hardware components. Ongoing urbanization and population growth in countries like China and India drive the demand for residential and commercial buildings, spurring the need for architectural and furniture hardware. Some countries in the region, such as China, have been significant exporters of furniture and hardware products globally.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• ASSA ABLOY (U.S.)
• Blum Inc (Sweden)
• Allegion (Ireland)
• Hafele (Germany)
• Spectrum Brands Holdings (U.S.)

INDUSTRIAL DEVELOPMENT

2020, December: The integration of smart technologies into architectural and furniture hardware has been a significant trend. This includes smart locks, hinges, sensors, and other IoT-enabled devices that enhance functionality and security. The use of digital technologies such as 3D printing and computer-aided design (CAD) has transformed the design and manufacturing processes, allowing for more intricate and customized hardware solutions.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.