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Door Handles Market Benefit and Volume 2018 with Status and Prospect to 2026

The global door handles market is projected to reach US$ 12,510 million by the end of 2027, at a CAGR of 4.4% over the forecast period, owing to the escalating growth of construction industry.

Attributing factors such as increasing residential and commercial properties or complexes are fueling growth of the door handles market. Increasing manufacturing of doors and windows promote the growth for the door handles because it is not only used as a mechanical tool to open and close the door but it also contributes towards the aesthetic appearance of the door. These factors are anticipated to propel the demand for door handles over the forecast period.

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Fancy zinc door handles and others are expected to gain traction in the door handles market during the forecast period 2019-2027. Due to growing premium housing segment and use of antique metal door handles in luxurious home, bungalows, and row houses is expected to escalate the demand for door handles. Besides, Increasing disposable income, high standard of living and luxurious life are growth factors for the antique metal door handles.

However, manual revolving door system is anticipated to hamper the growth of the door handles market in the forecast period. Manual revolving doors are majorly used in the educational institustions, banks and other govenemnt institutions.

The global door handles market was valued at US$ 8,450 million in 2018 and is anticipated to register a CAGR of 4.4% in terms of revenue during the forecast period (2019 – 2027).

Players operating in the global door handles market are adopting various growth strategies such as mergers & acquisitions and business expansion to serve increasing demand for door handles. For instance, in September 2018, SchlegelGiesse Ltd. an international division of the Tyman’s PLC acquired Reguitti which is an Italian based company that deals in manufacturing of door and windows handles. Tyman’s PLC is one of the leading supplier of engineered components to door and window industry, which has 26 manufacturing sites and 18 sourcing and distribution sites across North America, Asia, Europe, Australasia and Europe.

Major players operating in the global door handles market include Seleco Hardware decoration Products Co., Galbusera G. & G., Daya, Kuriki Manufacture Co., Bangpai, Ltd, Assa Abloy Group, Hafele, Sobinco, Allegion plc, Hooply, Ltd., Enrico cassina, HEmtek products Inc., D- Line, WEST inx., and others

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