Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Builder Hardware Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.6% during the review period (2022 to 2027).
Builders' hardware, or just builders hardware, is a group of metal hardware specifically used for protection, decoration, and convenience in buildings. Building products do not make any part of a building; rather they support them and make them work. It usually supports fixtures like windows, doors, and cabinets. Common examples include door handles, door hinges, bolts, latches, numerals, letter plates, switch plates, and door knockers. Based on the Builder Hardware market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Materials & Chemicals. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Builder Hardware during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
Top Key players in the Builder Hardware Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Builder Hardware Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes 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) and others.
Industry News:
Sep. 8, 2021-- Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced it has entered into a definitive agreement to sell its HHI segment to ASSA ABLOY for $4.3 billion in cash, which represents over 14x HHI’s expected FY21 Adjusted EBITDA. The transaction will simplify the Spectrum Brands business around three attractive business units, consisting of Global Pet Care, Home & Garden, and Home and Personal Care, and further strengthen the Company’s balance sheet. The remaining streamlined business will allow management to devote resources to and prioritize innovation to accelerate long-term sustainable growth.
Builder Hardware Market is segmented based on the type, applications, companies and regions.
By Type, Builder Hardware Market has been segmented into
The cabinet hardware segment is expected to capture a chunk of the market share during the forecasted period. Cabinet hardware encompasses a broad range of components used to make cabinets, such as knobs, latches, fasteners, hinges, etc.
The end user’s industry application on Builder Hardware Market is,
Residential segment is expected to dominate. Some of the chief factors that are likely to work in favor of the specific segment are the rapid increase in urbanization in different parts of the world and the rise in population. However, the contribution of the non-residential towards the builder hardware industry performance also would be significant during the forecasted period.
Asia Pacific geographical segment is expected to dominate the global market. Some of the main factors that would influence its performance are the growth of the construction industry and rapid industrialization. Nations such as Japan, China, and India would play an instrumental role in shaping the growth of the Asia Pacific region during the forecasted period. In recent times, China has experienced high growth in industrialization, and it has contributed to the market performance significantly. It is likely to play an important role in the future as well to boost market growth.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.6% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | 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) and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 117 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Builder Hardware Market is studied from 2017 - 2027.
What is the growth rate of Builder Hardware Market?
The Builder Hardware Market is growing at a CAGR of 4.6% over the next 5 years.
Who are the leading key players in Builder Hardware Market?
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) and others.
What regions do this Builder Hardware Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Types of Builder Hardware Market?
Cold rolled steel, Stainless Steel 304, Aluminum, Zinc, Copper, Others
What are the significant Applications of Builder Hardware Market?
Residential Market, Non-residential Market
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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