Product ID: SQMIG30K2023
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.
Global Door Handles Market Report Snapshots
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