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Door Handles Market 2018 : By Key Players Seleco Hardware decoration Products Co., Galbusera G. & G., Daya, Kuriki Manufacture Co., Bangpai, Ltd, Assa Abloy Group, Hafele, Sobinco, Allegion plc
door handles
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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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).
Asia Pacific is anticipted to dominate the global door handles market in 2018 due to construction of toilets and rural house. For instance, according to the Ministry of drinking water and Sanitation Government of India 2017, after the launch of Swachh bharat Mission, there is tremendous increse in the demand for toilet infrastructure. Government initatives focusing on open defection free India and incresing number of toilet are aniticipeted to increse huge opportunities for local and global door handles player.
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.
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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