USD 8.10 billion
Global Door Handles Market Size, Share, Growth Analysis, By Type(Lever Handle, and Knob Handle), By Application(Residential, and Commercial), By Material(Brass, Aluminium) - Industry Forecast 2024-2031
Report ID:
SQMIG30K2023 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
88 |
Figures:
76
Global Door Handles Market Insights
Global Door Handles Market size was valued at USD 8.10 billion in 2022 and is poised to grow from USD 8.45 billion in 2023 to USD 11.83 billion by 2031, growing at a CAGR of 4.30% during the forecast period (2024-2031).
The door handle industry is experiencing growth due to increasing construction activities in both residential and commercial sectors, as well as rising consumer spending on home remodeling and interior fittings. To keep up with the latest trends, consumers are frequently purchasing fashionable products with modified designs, patterns, and materials that offer rich aesthetic appeal. Additionally, the growing trend of home remodeling projects and home improvements is making beneficial contributions to the industry growth. Technological improvements, modernization in production techniques, and an increase in research and development activities are expected to generate new opportunities for market players to expand their portfolios and generate new revenue streams.
Door handle manufacturers are introducing sleek and luxurious designs and materials to meet the shifting customer preferences from ornate fittings to contemporary patterns. Knob-style door handles with compact structure and availability of various appropriate designs for every infrastructure are gaining acceptance among consumers. The market is witnessing a surge in door handles with polished nickel, matte texture, brass, and bronze finishes, crystal and satin looks available in various geometric shapes and patterns. Brass metal door handles are gaining increasing traction across the hospitality industry due to their shiny and artistic look. The growing tourism sector and increasing establishment of commercial buildings are expected to generate significant demand for these door handles, thereby augmenting the industry growth.
US Door Handles Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Lever Handle
Fastest Growth
Lever Handle
Growth Rate
4.30% CAGR
Global Door Handles Market ($ Bn)
Country Share for North America Region (%)
Global Door Handles Market By Type ($ Bn)
Global Door Handles Market By Type (%)
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Global Door Handles Market Segmental Analysis
The Global Door Handles market is segmented by type, application, material, and region. Based on type, the market can be segmented into lever handles, and knob handles. Based on application, the market is segmented into residential, and commercial. Based on material, the market is segmented into brass, aluminium, and zinc. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Door Handles Market Analysis by Type
By type the market can be segmented into lever handle, and knob handle. The dominating segment in the market is lever handles. The demand for lever handles is increasing due to their ergonomic design and ease of use, making them a popular choice among consumers. Lever handles are preferred in residential as well as commercial buildings, making them a versatile choice for various applications. They are available in a wide range of materials and finishes, making them an aesthetically pleasing addition to any space.
The fastest-growing segment in the door handles market is knob handles. Knob handles are popular in traditional and classic settings, making them a popular choice among consumers looking for a more traditional look. The demand for knob handles is increasing due to their simple yet elegant design, making them a preferred choice for doors in homes, offices, and other commercial buildings. Knob handles are available in various materials and finishes, giving customers a wide range of options to choose from.
Door Handles Market Analysis by Application
By application, the market can be segmented residential, and commercial. The dominating segment in the door handles market is the residential segment. The demand for door handles in residential buildings is increasing due to the growing construction of new homes and the renovation of existing homes. Door handles are an essential part of home decor, and consumers are increasingly opting for aesthetically pleasing designs that complement their interior design style. Additionally, the increasing demand for smart homes is expected to drive the demand for innovative door handles in residential buildings.
The fastest-growing segment in the door handles market is the commercial segment. The demand for door handles in commercial buildings is increasing due to the growing construction of office buildings, hotels, hospitals, and other public spaces. The commercial segment also includes industrial buildings such as factories and warehouses. Door handles in commercial buildings are subject to higher wear and tear due to heavy usage, making durability and functionality key factors in their selection. The increasing trend of smart buildings is also driving the demand for innovative door handles in the commercial segment.
Global Door Handles Market By Type, 2023 (%)
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Global Door Handles Market Regional Insights
North America dominates the door handle market due to its increasing investments in the real estate sector and sales of new homes. According to the Home Improvement Research Institute (HIRI), Americans spent nearly 9% more on home improvement between 2019 and 2020, which includes door handle upgrades. Moreover, the rise in government initiatives in several nations aimed at encouraging affordable housing for the lower-income population is a significant factor driving the industry. Additionally, companies are manufacturing fashionable products with modified designs, patterns, and materials that offer rich aesthetic appeal to the infrastructures.
APAC is expected to be the fastest-growing region in the door handle industry, owing to the growing construction industry in countries like China, India, and Japan. These countries are experiencing rapid urbanization and industrialization, leading to increased demand for door handles in the residential and commercial sectors. The increasing spending on home remodeling and interior fittings, along with rising consumer spending, is driving the market growth in APAC. Moreover, the growing tourism sector and the increasing establishment of commercial buildings are expected to generate significant demand for door handles, thereby augmenting the industry growth in the region.
Global Door Handles Market By Region, 2024-2031
- Largest
- Fastest
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Global Door Handles Market Dynamics
Door Handles Market Drivers
Increasing Demand For Fashionable And Modern Door Handle Designs to Boost Market Reach
- One key driver of the door handle industry is the increasing demand for fashionable and modern door handle designs that offer rich aesthetic appeal to infrastructures. Consumers are frequently purchasing door handles to keep up with the latest trends and to upgrade the appearance of their homes and buildings. Moreover, door handle manufacturers are introducing sleek and luxurious designs and materials to meet the shifting customer preferences towards contemporary patterns. This driver is expected to continue to propel the industry growth in the coming years.
Door Handles Market Restraints
Potential For Frequent Door Handle Repairs Due To The Usage Of Low-Quality Raw Materials To Hinder Market Growth
- One of the primary restraints for the door handle industry is the potential for frequent door handle repairs due to the usage of low-quality raw materials in the manufacturing process. The usage of such materials can cause the door handles to malfunction or break down, leading to additional maintenance costs for the consumers. This factor can significantly hinder the growth of the industry, as consumers may become hesitant to purchase door handles if they anticipate frequent repairs or replacements. As a result, manufacturers need to focus on using high-quality raw materials to minimize the occurrence of door handle repairs.
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Global Door Handles Market Competitive Landscape
The door handle industry is highly competitive, with numerous players competing based on product innovation, design, pricing, and quality. Small and medium-sized enterprises play a significant role in the industry, as they offer a diverse range of products and cater to the demand from local and regional markets. Market players are continuously investing in research and development activities to enhance their production techniques and introduce new product offerings to the market. In addition, companies are also focusing on expanding their distribution networks to reach a broader customer base and gain a competitive edge in the industry.
Top Player’s Company Profiles
- dormakaba Group (Switzerland)
- HOPPE Holding AG (Switzerland)
- Hafele (Germany)
- Baldwin Hardware (US)
- Emtek Products, Inc. (US)
- Stanley Black & Decker (US)
- Carlisle Brass Ltd (UK)
- Kwikset Corporation (US)
- Schlage (US)
- Karcher Design (Germany)
- GEZE GmbH (Germany)
- Sugatsune America, Inc. (US)
- Ingersoll Rand (Ireland)
- D Line (Denmark)
- Excel Hardware Pte Ltd (Singapore)
- Sugatsune Kogyo Co., Ltd. (Japan)
- JNF (Germany)
Door Handles Market Recent Developments
- In April 2023, Door handle manufacturer, Emtek, partnered with online furniture retailer, Wayfair, to offer Emtek's products on Wayfair's platform.
- In March 2023, Swedish lock manufacturer, Assa Abloy, acquired British smart lock company, Danalock, to expand its smart lock product range.
- In February 2023, Door handle manufacturer, Yale, launched a new range of door handles with facial recognition technology.
- In January 2023, Chinese door handle manufacturer, Hopo Group, announced a joint venture with German lock manufacturer, Winkhaus, to expand their product range.
- In August 2022, Door handle manufacturer, Schlage, launched a new range of door handles with integrated fingerprint recognition for enhanced security.
Global Door Handles Key Market Trends
- One of the key market trends in the door handle industry is the shift towards modern and luxurious designs that offer rich aesthetic appeal to infrastructures. Manufacturers are introducing door handles with sleek and contemporary patterns and materials to cater to the evolving customer preferences. Knob-style door handles are gaining acceptance among consumers due to their compact structure and availability of various appropriate designs for every infrastructure. Companies are investing in research and development activities to improve production techniques and introduce innovative designs that meet the changing needs of consumers, which is expected to further drive the market growth.
Global Door Handles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global door handle market is growing rapidly, driven by factors such as the increasing demand for home remodeling and interior fittings, rising investments in the real estate sector, and growing consumer spending on lifestyle-enhancing projects. The market is witnessing a shift towards modern and luxurious designs that offer rich aesthetic appeal to infrastructures, with knob-style door handles gaining acceptance among consumers. However, the market growth may be hindered by factors such as the frequent need for repairs due to low-quality raw materials. With companies investing in research and development to improve production techniques and introduce innovative designs, the market is expected to continue its growth trajectory over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.10 billion |
| Market size value in 2031 | USD 11.83 billion |
| Growth Rate | 4.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Door Handles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Door Handles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Door Handles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Door Handles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Door Handles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Door Handles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Door Handles Market Report Snapshots
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