Press release
Architectural Hardware Market Worth $23,271 Million by 2026 | Key Drivers, Restraints & Opportunity
Architectural Hardware Market
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According to a new report published by Allied Market Research, titled, " Architectural Hardware Market by Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global architectural hardware market size was valued at $15.9 billion in 2018, and is projected to reach $23.2 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026.
Increase in prices of raw materials such as iron, brass, copper, plastic, steel, and others, is expected to hamper the architectural hardware market growth. Furthermore, the rapid urbanization in third world countries is on the rise creating a demand for quality public infrastructure and utilities among those countries. Subsequently, the government initiative toward development of airports, educational buildings, hospitals, parks, and other public spaces, is anticipated to create substantial lucrative business opportunities for the market players in architectural hardware market.
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Competition Analysis
The key market players profiled in the architectural hardware market report include Allegion Plc, ASSA ABLOY (Yale and Others), Bohle Ltd., C.R. Laurence Co., Inc., Fortress Industrial Co., Ltd., Godrej Locking Solutions & Systems, Häfele GmbH & Co KG, Hettich Holding GmbH & Co. oHG, HOPPE Holding AG, and Spectrum Brands, Inc.
Key Segments
By Application
Doors
Windows
Furniture
Shower
By End-user
Commercial
Industrial
Residential
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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