What is Global Builder Hardware Market?
The Global Builder Hardware Market is a vast and dynamic sector that encompasses a wide range of products used in the construction and maintenance of buildings. These products include doors, windows, cabinets, plumbing fixtures, and other hardware items that are essential for the structural integrity and functionality of a building. The market is driven by the increasing demand for residential and commercial buildings worldwide, as well as the need for regular maintenance and renovation of existing structures. The global builder hardware market is a multi-billion dollar industry, with a diverse range of manufacturers, suppliers, and distributors operating in it. The market is characterized by intense competition, with companies constantly striving to innovate and offer better products to gain a competitive edge. Despite the challenges, the market offers immense growth opportunities for companies that can effectively cater to the evolving needs and preferences of consumers. The market is also influenced by various factors such as technological advancements, changing consumer preferences, and government regulations, among others. Understanding these factors and their impact on the market is crucial for companies to formulate effective strategies and make informed business decisions.
Doors Hardware, Windows Hardware, Cabinet Hardware, Plumbing Hardware, Others in the Global Builder Hardware Market:
The Global Builder Hardware Market is segmented into various categories based on the type of hardware. These include doors hardware, windows hardware, cabinet hardware, plumbing hardware, and others. Each of these categories has its own unique characteristics and market dynamics. Door hardware includes items such as door handles, locks, hinges, and other accessories that are used in the installation and operation of doors. Window hardware includes items such as window frames, handles, locks, and other accessories that are used in the installation and operation of windows. Cabinet hardware includes items such as handles, knobs, hinges, and other accessories that are used in the installation and operation of cabinets. Plumbing hardware includes items such as faucets, showerheads, drains, and other accessories that are used in the installation and operation of plumbing systems. Other types of builder hardware include items such as fasteners, brackets, and other accessories that are used in various construction and maintenance activities. Each of these categories has its own unique market dynamics, with different factors influencing their demand and supply.
Residential Market, Non-residential Market in the Global Builder Hardware Market:
The Global Builder Hardware Market finds its application in various areas, primarily in the residential and non-residential sectors. In the residential sector, builder hardware is used in the construction and maintenance of houses, apartments, and other residential buildings. This includes the installation of doors, windows, cabinets, plumbing systems, and other hardware items that are essential for the functionality and aesthetic appeal of a residential building. In the non-residential sector, builder hardware is used in the construction and maintenance of commercial buildings, industrial facilities, public infrastructure, and other non-residential structures. This includes the installation of doors, windows, cabinets, plumbing systems, and other hardware items that are essential for the functionality and aesthetic appeal of a non-residential building. The demand for builder hardware in these sectors is influenced by various factors such as the rate of construction activities, the need for maintenance and renovation of existing structures, and the changing preferences of consumers, among others.
Global Builder Hardware Market Outlook:
The global Builder Hardware market, which was valued at US$ 53030 million in 2022, is projected to reach US$ 69860 million by 2029. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2029. The market is largely dominated by Europe and China, which together account for about 64% of the total sales. The market is highly competitive, with the top six companies - ASSA ABLOY, Allegion, Spectrum Brands (HHI), Masco Corporation, DORMA, and Roto Frank - holding a combined market share of approximately 22%. These companies are constantly striving to innovate and offer better products to gain a competitive edge in the market. Despite the intense competition, the market offers immense growth opportunities for companies that can effectively cater to the evolving needs and preferences of consumers.
Report Metric |
Details |
Report Name |
Builder Hardware Market |
Accounted market size in 2023 |
US$ 53030 million |
Forecasted market size in 2029 |
US$ 69860 million |
CAGR |
4.7 |
Base Year |
2023 |
Forecasted years |
2023 - 2029 |
Segment by Type |
- Doors Hardware
- Windows Hardware
- Cabinet Hardware
- Plumbing Hardware
- Others
|
Segment by Application |
- Residential Market
- Non-residential Market
|
By Region |
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Russia) Rest of Europe
- Nordic Countries
- Asia-Pacific (China, Japan, South Korea)
- Southeast Asia (India, Australia)
- Rest of Asia
- Latin America (Mexico, Brazil)
- Rest of Latin America
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
|
By Company |
ASSA ABLOY, Allegion, Spectrum Brands (HHI), Masco Corporation, DORMA, Roto Frank, Siegenia-aubi, GretschUnitas, MACO, Kin Long, Winkhaus, Sobinco, Lip Hing, 3H, GEZE, Ashland Hardware Systems, Hager Company, CompX International, Tyman (GIESSE) |
Forecast units |
USD million in value |
Report coverage |
Revenue and volume forecast, company share, competitive landscape, growth factors and trends |