Furniture Hinge Market Size, Share, Growth and Industry Analysis by Type (Cold Rolled Steel Material, Stainless Steel Material, And, Solid Brass Material), By Application (Commercial, And Residential), Regional Forecast To 2031

Updated On: 08 April 2024

Furniture Hinge Market REPORT OVERVIEW

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The global furniture hinge market size was USD 2942 million in 2022 and market is projected to touch USD 4115.4 million by 2031 at a CAGR of 3.8% during the forecast period.

Hinges are the ones that keep every structure intact. They are mostly used in doors. These hinges come in different sizes, variety, as well as types.  Some of the types of hinges include folding leg hinges, butler tray hinges, drop flap hinge and many more. Every type of hinge has its own function to perform.  

Something new is introduced in the market very often. The furniture hinges are made up of sturdy materials like stainless steel, brass, and cold rolled steel. This increases the life span of the hinges. This is identified as the latest trend in the global furniture hinge market.

They provide versatility and can also be readily customized according to the situation. The operation and the installation of these hinges is also an easy process. This product is designed in such a way that each leaf follows an identical operation mechanism. These factors act as the driving force of the global furniture hinge market growth.

COVID-19 Impact: Closing Down of Upholstery Shops Decreased the Market Share

The pandemic of COVID-19 was a major reason for the backlash in the global economy a few years ago. Furniture hinges are a part of the furniture market. The shutting down of upholstery stores everywhere in the world lead to the decline of the market.

People preferred to stay at home rather than going out to purchase any furniture during the pandemic to avoid any infection. But on the contrary, when there was a shift of the employees from offices to home in the corporate world the demand for furniture in households increased. This in turn fueled the global furniture hinge market growth.

LATEST TRENDS

"Growth of The Infrastructure and Construction Industry to Increase the Market Growth"

Furniture hinges are used in the manufacturing of furniture. The furniture industry is dependent on the infrastructure and construction industry. This is because with the evolution of many buildings the need to buy furniture for the interior also increases. This factor has propelled the market growth.

Also, the variety of options to choose from will increase the customer base for the product. The furniture hinges are made up of sturdy materials like stainless steel, brass, and cold rolled steel. This increases the life span of the hinges. The above factors are prone to bring market growth.

Furniture Hinge Market SEGMENTATION

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• By Type:

The market can be divided on the basis of devices into the following segments:

Cold rolled steel material, stainless steel material, and, solid brass material. The cold rolled steel material segment is anticipated to dominate the market during the forecast period.

• By Application:

Based on application, the market share is bifurcated into the following segments:

Commercial, and residential. The commercial segment is expected to dominate the market during the forecast period.

DRIVING FACTORS

"Identical Operation and Increased Security of Furniture Hinges to Amplify Market Growth"

Furniture hinges have the capacity and ability to keep and maintain the door frame in a perfect position. This minimizes the risk of damages, and wear and tear. The damages are avoided because these hinges have the ability to dissipate and distribute the pressure uniformly whenever being used. 

Another advantage of these hinges is that they operate identically. This product is designed in such a way that each leaf follows an identical operation mechanism. When the operation of every leaf becomes uniform and identical the effort required to open and close even the heaviest doors automatically reduces. The doors do not pry off these hinges which ensures increased security. These factors have increased the global furniture hinge market share.

"Performance Of Furniture Hinges as A Better Economical Option to Impede Market Growth"

Furniture hinges provide perfect and accurate alignment. The pivotal action is very smooth. Premium axal rotation also happens without any constrictions. Compared to the traditional hinges, this product is more economical.

They provide versatility and can also be readily customized according to the situation. The operation and the installation of these hinges is also an easy process. The sound produced during the motion of these hinges is very less. They also provide increased level of privacy. These act as the factors driving the market growth.

RESTRAINING FACTOR

"High Level of Friction During the Movement of the Hinges to Bring Down the Market Share"

Due to the continuous movement of furniture hinges, friction is produced which involves the release of small amount of heat energy. The production of friction can lead to damages of these hinges on a long term.

Vibrations are also caused during the movement of this product. The space utilized is not optimal. The continual degradation in the quality of hinges can take place due to the accumulation of rust that leads to corrosion.  Maintenance of these hinges can sometimes become a hassle. All these factors can restrain the growth of the market.

Furniture Hinge Market Regional Insights

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"North America to Dominate Market Share Due to Increased Construction activities "

North America is the region that captures the major part of the market share. The prevailing market conditions in North America is prompting the market growth. The major part of the U.S. economy can be attributed to construction activities. According to a report provided by the associated general contractors of America, there are over 7,45,000 employers employing millions of constructers. The high construction activities in America have been the major reason, for the market growth in region of North America

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Hettich (Germany)
• Blum (Austria)
• Grass (Russia)
• ASSA  ABLOY (Sweden)
• Hafele (Germany)
• FGV (Malaysia)
• Dorma (Germany)
• Spectrum Brands, Inc. (U.S.)

Report Coverage 

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations