Architectural Hardware Market Size, Share, Growth Rate, Major Players & Forecast 2022-2027

Global Architectural Hardware Market Overview (2022-2027)
• Historical Market Size (2021): US$ 16.22 Billion
• Forecast CAGR (2022-2027): 5.12%
• Forecast Market Size (2027): US$ 22.07 Billion

At 4.50% CAGR,Global Architectural Hardware Market Size & Share to Surpass US$ 22.07 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC Group.

What is a architectural hardware ?

Architectural hardware represents various products that are utilized in the construction of buildings and homes. They consist of locks, door handles, hinges, knobs, latches, floor springs, furniture fittings, glass hardware railings, panic bars, etc. These architectural hardware items are mostly manufactured using steel, brass, aluminum, iron, and stainless steel. They prove extremely useful in adding opening, closing, and locking functionalities to windows, doors, showers, etc.

Architectural hardware materials are durable and user-friendly, improve aesthetics, increase convenience, and enhance the safety and security of homes and buildings. Consequently, they find extensive applications in residential, commercial, and industrial establishments across the global.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the Architectural Hardware Market ?

The expanding construction industry across countries and the growing infrastructural development activities, such as seaports, airports, educational institutes, parks, healthcare facilities, stadiums, etc., are primarily driving the architectural hardware market.

In addition to this, the shifting consumer preferences from ornate fittings toward contemporary patterns and the launch of sleek and luxurious hardware components in unique textures, colors, designs, and materials are acting as significant growth-inducing factors.

Apart from this, the introduction of smart architectural hardware, which includes digital locks and door viewers that are user-friendly, provide remote access through smartphones, and improve the security of homes, garages, and other buildings is also positively influencing the global market. Moreover, the inflating investments in the real estate sector, the increasing refurbishment and reconstruction activities of numerous historical and public infrastructures, and the rising number of smart and green buildings, especially in developing countries, are anticipated to propel the architectural hardware market over the forecasted period.

Architectural Hardware Market Report Scope
Report Coverage	Details
Market size value in 2021	US$ 16.22 Billion
Market forecast in 2027	US$ 22.07 Billion
Growth Rate	CAGR of 5.12% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027
Report coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments covered	Application And End User
Regional scope	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Key companies profiled	Allegion plc, Assa Abloy AB, Bohle Ltd., CRH plc, Godrej & Boyce Mfg. Co. Ltd., Häfele GmbH & Co KG, Hettich Holding GmbH and Co. oHG, HOPPE Holding AG, Spectrum Brands Inc. and Taiwan Fu Hsing Industrial Co. Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Application:

• Furniture
• Doors
• Windows
• Shower

Breakup by End User:

• Residential
• Commercial
• Industrial

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are

Allegion plc

 Assa Abloy AB

 Bohle Ltd., CRH plc

 Godrej & Boyce Mfg. Co. Ltd.

 Häfele GmbH & Co KG

 Hettich Holding GmbH and Co. oHG

 HOPPE Holding AG

 Spectrum Brands Inc.

 and Taiwan Fu Hsing Industrial Co. Ltd.

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