According to a new report, published by KBV research, 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.
The Lever Handles market is experiencing a CAGR of 3.7 % during the forecast period. The product's demand is surging among customers because of its compact construction and durability. Additionally, distributors and manufacturers of lever door handles have begun to produce handles with a variety of styles to suit various infrastructures.
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 significant market share is attributed to the increasing demand for metals due to their physical characteristics, such as durability, longevity, and design flexibility. These door knobs can be customized based on the application, size, and other product-specific needs of the customer.
The Commercial market would witness highest CAGR of 5.3% during (2022 - 2028). Commercial structures like hotels and restaurants are being built as a result of the expansion of the tourism sector. International athletic events are boosting hotel and dining industries which influence the door handles demand as well.
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. The Europe market is experiencing CAGR of 3.8% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 3.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/door-handles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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