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IMARC Group's report titled “Architectural Hardware Market Report by Application (Furniture, Doors, Windows, Shower), End User (Residential, Commercial, Industrial), and Region 2024-2032” . The global architectural hardware market size reached US$ 18.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.28% during 2024-2032.
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Factors Affecting the Growth of the Architectural Hardware Industry:
Technological Advancements:
Integration of cutting-edge technologies in architectural hardware is driving the growth of the market. Innovations such as smart locks, touchless access systems and automated environmental controls are gaining momentum, enhancing both the functionality and security of buildings. These technologies meet the growing demand for smart homes and intelligent buildings, providing users with improved convenience, security and energy efficiency. As technology continues to evolve, the adoption of the Internet of Things (IoT) and Artificial Intelligence (AI) in architectural hardware is increasing, leading to more sophisticated, interconnected, and user-friendly systems. This drive towards innovation attracts investment and encourages continued growth.
Urbanization and Infrastructure Development:
As the urban population grows, the demand for residential and commercial buildings increases, which, in turn, is catalyzing the need for high-quality architectural hardware. Infrastructure projects such as the construction of new buildings, airports, shopping complexes and public utilities require durable and efficient architectural fittings from door handles to security systems. This increase in construction activity supports the expansion of architectural hardware availability, as stakeholders aim to capitalize on the growing opportunities. Furthermore, renovation and retrofitting of existing structures is increasing the demand for high-quality architectural hardware components.
Increasing Focus on Sustainability and Energy Efficiency:
Environmental concerns and demand for sustainability are supporting the market growth. There is an increase in demand for eco-friendly materials and energy-efficient products, driven by both regulatory mandates and preferences. Sustainable architectural hardware not only helps reduce the environmental impact of buildings but also increases their long-term value by improving energy efficiency and reducing operating costs. Manufacturers are increasingly investing in research work to produce green products, such as energy-saving window systems, which are becoming important factors in purchasing decisions. This shift towards sustainability is driving innovation in the market, leading to the development of products that are in line with the global trend of environmental responsibility.
Leading Companies Operating in the Global Architectural Hardware Industry:
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. Taiwan Fu Hsing Industrial Co. Ltd
Architectural Hardware Market Report Segmentation:
By Application:
Furniture Doors Windows Shower
Furniture represents the largest segment due to the rising demand for ergonomic and functional pieces of furniture.
By End User:
Residential Commercial Industrial
Residential exhibits a clear dominance in the market owing to the increasing investment in home renovation projects.
Regional Insights:
North America (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
North America's dominance in the architectural hardware market is attributed to the increasing infrastructural development activities.
Global Architectural Hardware Market Trends:
Increasing expenditure on home renovation and remodeling projects is a significant factor driving the demand for architectural hardware. As homeowners look to enhance the aesthetic appeal, comfort and value of their homes, there is an increasing demand for high-quality, innovative architectural hardware products, such as stylish door handles, hinges, locks and bathroom fittings. This trend is supported by rising disposable incomes, changing lifestyle preferences and the desire for personalization and luxury in living spaces. As a result, manufacturers and retailers are expanding their product ranges to include a wide range of designs, finishes and functionalities to meet the diverse and evolving preferences of homeowners.
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