Press release
Hardware Market Industry Size, Market Growth, Insights, Trends, Share, and Forecast to 2032
Hardware Market
As per the Hardware market report by The Business Research Company, Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the hardware manufacturing market. This is mainly due to the rise in air travel is leading to increased demand for commercial aeroplanes. According to the International Air Transport Association (IATA), there were around 3.8 billion air travellers and this number is expected to rise to 7.2 billion by 2035
The global hardware market grew from $111.44 billion in 2022 to $121.34 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hardware market is expected to grow to $164.21 billion in 2027 at a CAGR of 7.9%.
Read More On The Hardware Market Report Here:
https://www.thebusinessresearchcompany.com/report/hardware-global-market-report
Major competitors in the Hardware market include Assa Abloy AB, Dormakaba Holding AG, Allegion PLC, Hafele GmbH & Co KG, Blum Inc., Tyman PLC, Hettich Holding GmbH & Co. oHG, Spectrum Brands Holdings Inc., Guangdong KinLong Hardware Products Co. Ltd., and MISUMI Group Inc.
The Hardware market is segmented -
1) By Type: Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware
2) By End User: B2B, B2C
3) By Sales Channel: OEM, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hardware market.
Request A Free Sample Of The Hardware Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2859&type=smp
Hardware refers to the external components of any devices and instruments used to create apparatus, including metal hinges, metal handles, keys, locks, and other machinery, and helps companies avoid unforeseen problems like hardware damage and serious data loss to reduce maintenance cost and improve business operations.
The Table Of Content For The Hardware Market Include:
1. Executive Summary
2. Report Structure
3. Hardware Market Characteristics
4. Hardware Market Product Analysis
5. Hardware Market Supply Chain
.....
21. Key Mergers And Acquisitions In The Hardware Market
22. Market Background: Metal Products Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The "Global Hardware Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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