The Global Door Handles Market size is expected to reach $9.4 billion by 2028, rising at a market growth of 4.3% CAGR during the forecast period.
A handle designed to open or shut a door is known as a door handle. All types of doors, including exterior doors on homes and businesses, interior doors, closet doors, and car doors, have door handles. Depending on the intended usage, door handles come in a variety of designs.
Many handles, especially those for residential and commercial doors, have locking or latching mechanisms built in or are made to accommodate common door latching or locking systems. One of the oldest decorating techniques is to replace worn-out cabinets with new hardware. With doors, the same method also functions on a larger scale.
Even the most mundane doors may seem spectacular with the addition of new handle. With door handle, one has often to consider its price so it becomes essential to understand how the components and finishes will hold up over time.The function of the door determines the sort of handle needed, but since that function is primarily built into the inner mechanics, the appearance can be consistent from door to door. Two handles are linked by a spindle or shaft that also links to the locking mechanism in door hardware sets.
Behind the handle, a rosette or escutcheon plate is attached to the door, hiding the mechanism and adding aesthetic appeal. An escutcheon is a bigger, rectangular or oval piece that frequently includes a latch or a separate locking mechanism, as opposed to a rosette, which is typically a small square or round piece.
The pandemic had a drastic effect on the door handle market. Countries were compelled to impose social isolation and lockdown measures as a result of the COVID-19 pandemic. The pandemic also hindered the private construction across many countries which in turn inhibited the development of new homes and businesses. The construction in and for government projects also got stalled as the employee number were reduced to halves. Distributors and manufacturers of door handles were forced to stop operations due to border closures, travel bans, and import-export restrictions.
Rapid urbanization is typically linked to prosperity. A growing urban population also results in cheaper unit costs for a variety of services and infrastructure that are also health-improving. A significant increase in the amount of large cities, many of which have grown to sizes never before seen in human history, has also been brought about by rapid urban growth. Megacities, cities with ten million or more residents, are a recent development that have been witnessed in urbanization. Urbanization introduces a rise in the accommodation units.
There are a huge variety of door handle styles available, and choosing between levers and knobs is one of the most important choices. Levers have benefits from a functional aspect, and are more popular as they are simpler to use if the hand strength is weak or when someone is carrying something. Lever handles are also preferred in doors that are generally large like in public institutions. These are also preferred for their grip resistance. Due to their small size and accessibility of many designs for various infrastructure, knob type door knobs are growing in favors with consumers.
Manual revolving doors do not need handles. These types of doors are mostly found in places like on university campuses or government buildings. But as a pandemic after effect, these doors are being installed in more and more public places like community halls, composite apartments, in public dorms, office buildings, etc. The extreme implementation of these door handles in hospitals has downsized the use of regular doors. The transmission of contagious diseases through door handles is relatively higher.
Based on product, the door handles market is categorized into lever handles, door knobs, sliding door handles, and pull handles. The pull handle segment witnessed a promising revenue share in the door handles market in 2021. The segment's expansion is credited to its simple functionality and extensive product availability. Players in the market are consistently spending funds on R&D to produce pull door handles that are economical, incredibly effective, and opulent that are built of various sorts of composite materials.
On the basis of material, the door handles market is divided into metal, plastic, fiber, and other. The fiber door handles segment garnered a promising revenue share in the door handles market in 2021. The spike in increased demand of composite handles in residential and commercial applications greatly supports the segment's growth.
Based on application, the door handles market is segmented into residential and commercial. The residential segment procured the maximum revenue share in the door handles market in 2021. This is explained by the rise in residential development and refurbishment initiatives. More housing is required due to the growing population, especially in the Tier 1 cities. Both public and private sector organizations are improving their construction processes to keep up with the increased demand.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 7.1 Billion |
| Market size forecast in 2028 | USD 9.4 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 4.3% from 2022 to 2028 |
| Number of Pages | 191 |
| Number of Tables | 360 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Material, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
On the basis of region, the door handles market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia pacific region garnered the highest revenue share in the door handles market in 2021. The expansion of commercial and residential facilities as well as the thriving tourism sector are credited with this increase. Andhra Pradesh, which would be anticipated to be one of the top tourist destinations, is where international corporation Hotel Management Japan wants to drive investment projects focused on the establishment of three new hotels.
Free Valuable Insights: Global Door Handles Market to reach USD 9.4 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Assa Abloy AB, Häfele SE & Co KG, Allegion Plc, Aar Kay Vox, Hoppe Holding AG, Latham's Steel Security Doors, Kuriki Manufacture Co., Ltd., Ace Hardware Corp., West corporation and Sugatsune America, Inc.
By Product
By Material
By Application
By Geography
The global Door Handles Market size is expected to reach $9.4 billion by 2028.
Increasing Urbanization Accompanied by Lifestyle Changes are driving the market in coming years, however, Manual Revolving Door Mechanism Limiting the Use of Door Handles restraints the growth of the market.
Assa Abloy AB, Häfele SE & Co KG, Allegion Plc, Aar Kay Vox, Hoppe Holding AG, Latham's Steel Security Doors, Kuriki Manufacture Co., Ltd., Ace Hardware Corp., West corporation and Sugatsune America, Inc.
The expected CAGR of the Door Handles Market is 4.3% from 2022 to 2028.
The Metal market is leading the segment in the Global Door Handles Market by Material in 2021; thereby, achieving a market value of $4.9 billion by 2028.
The Asia Pacific market dominated the Global Door Handles Market by Region in 2021; thereby, achieving a market value of $3.6 billion by 2028.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
