Cabinet Hardware Market Key Driver, Key Developments, Trends, Product, Region, Challenges And Forecast To 2025

The global cabinet hardware market is predicted to gain growth on the back of increasing purchase of modern home and office furniture. Cabinets are commonly installed in residential and commercial spaces as they add decorative as well as functional value to interiors. Cabinets are no longer used for just storage; today, they are part of some of the finest interior designing plans. With increasing demand for contemporary and also vintage cabinets, the requirement of suitable cabinet hardware is predicted to grow in the coming years. Distributors are foreseen to concentrate on strengthening their direct retail business to gain more revenue in the global market. Wayfair, a US ecommerce company that sells home goods, announced in its Q2 2019 results that its direct retail net revenue jumped 42% Y-o-Y.

According to QYR Consulting, the global cabinet hardware market is forecast to achieve a value of US$12.7 Bn by 2025, growing at a robust CAGR of 6.8% during the forecast period 2019-2025. In 2018, the global market attained a value of US$8.0 Bn.

Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7387

Market Segments

The global cabinet hardware market is segmented according to product type and application. Among product type segments are cabinet hinges, cabinet knobs, cabinet pulls, and others. Among applications, the report includes segmental analysis on residential, commercial, and others.

Key Players

The report covers leading players of the global cabinet hardware market, including Blum, YaJie Kitchenware, Hettich, J.G. Edelen, GRASS, Salice, Häfele, Spectrum Brands Holdings (HHI), Assa Abloy, and Allegion.

Market Dynamics

Growing interest in interior decoration and increasing commercial and residential infrastructure development activities are expected to create sales opportunities in the global cabinet hardware market. High demand for multifunctional cabinets with attractive features such as multipurpose storage is anticipated to augur well for the global market. From budget-friendly to premier products, there is a broad array of products offered by manufacturers to cater to different types of consumers. Rising rate of urbanization, adoption of modern interior designs, and increasing disposable income are some of the other significant factors prophesied to support the demand for sophisticated cabinet hardware.

For More Inquiry to Buy the Report: https://www.qyrconsulting.com/checkout/7387

Contact US
QYR Consulting
17890 Castleton, Suite 218,
Los Angeles, CA – 91748
USA: +1 626 428 8800
China: +86 1082 945 717
Japan: +81 9038 009 273
India: +91 9766 478 224
Emails – sales@qyrconsulting.com
Web – https://www.qyrconsulting.com

About Us:
QYR Consulting established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

This release was published on openPR.