Press release
Hardware Market: Breaking Barriers with Technological Advancements! Explore Market Segments, Growth Outlook, and Factors Driving Demand
Hardware Market
As per the report, the hardware market size has grown strongly in recent years. It will grow from $118.29 billion in 2023 to $126.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The hardware market size is expected to see strong growth in the next few years. It will grow to $160.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2859&type=smp
Surging Metal Consumption In Aerospace Industry Propels Hardware Manufacturing Market
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. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming aeroplane retirements. This will require significant metal consumption, especially aluminium, which will drive the hardware manufacturing market in the forecast period.
Development Of Products To Drive The Revenues Of Hardware Market
Major companies operating in the hardware market are developing new products such as specialty hardware products to meet larger customer bases, more sales, and increase revenue. Specialty hardware products refer to a category of specialized and often unique hardware items or components designed for specific applications or purposes. For instance, in February 2021, Hardware Hut, a US-based provider of furniture hardware, launched 13 new cabinet hardware designs. The large pulls and mixed-finish trends are both incorporated into these new collections. These new cabinet hardware designs are available in a variety of finishes and styles and are designed to add a touch of elegance and functionality to any kitchen or bathroom.
The hardware market covered in this report 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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=2859&type=discount
Major companies operating in the hardware market report are Assa Abloy AB, Allegion PLC, Blum Inc., Hafele GmbH & Co KG, Dormakaba Holding AG, Hindalco Industries Limited, Vintron Informatics Ltd, Siemens AG, Hakimi Traders L.L.C, Mitsubishi Electric Corporation, Hettich Holding GmbH & Co. oHG, Guangdong KinLong Hardware Products Co. Ltd., Intex Technologies India Ltd, China Northern Heavy Industries Group Corporation, China National Building Material Group Corporation, The Process Enterprise, Bharat Heavy Electricals Limited, Hyundai Heavy Industries Co., Ltd., D-Link India Ltd, Cerebra Integrated Technologies Limited, Johnson Bros. Roll Forming Co, WASEEM TRADERS, PPC Ltd, OAO Vyksa Steel Works (VSW), PJSC Magnitogorsk Iron and Steel Works, SACO, Routebr Trading Company, Amerock, Emtek, Atlas homewares, Godrej, Jonathan Goulart, Gem Manufacturing Co, Bolt Depot, Rockwell Automation Incorporation, Midex General Trading LLC, Kinter, Tata Steel Limited, Tyman PLC, Strybuc Industries, Argos Puxadores LTDA, Express Micro Informatica, Rusal, Curacao Do Brazil Ltda, Wisersoft, Cabos Weis, KFH Metal Stamping, Albatroz Comercio e Servicos Eireli ME, Schlage Lock Company LLC, Zoomlion Heavy Industry Science and Technology Co., Ltd., QCMI Corp, MISUMI Group Inc., Hangzhou Hardware Products Co., Ltd., CREATIVE SHELF, Saturno Tecnologia, Schneider Electric SE, ABB Ltd, Eaton Corporation Plc, Emerson Electric Co, NETCONFIG, Spix Trade-Alexandre Medeiros Rolim, Sephaku Holdings Ltd, Rostec, Novolipetsk Steel (NLMK), Tshu Trading Co., Ltd, Afrimat Ltd, Proteck Electronic Trading LLC, Siegenia-Aubi KG, DOUBLE METAL NIGERIA LTD, Afeb Brass and building material Supplier
Contents of the report:
1. Executive Summary
2. Hardware Market Report Structure
3. Hardware Market Trends And Strategies
4. Hardware Market - Macro Economic Scenario
5. Hardware Market Size And Growth
…..
27. Hardware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/hardware-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hardware Market: Breaking Barriers with Technological Advancements! Explore Market Segments, Growth Outlook, and Factors Driving Demand here
News-ID: 3587170 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Hardware
Hardware Encryption Market Strengthening Data Security with Advanced Hardware-Ba …
"𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬"
The latest study released on the Hardware Encryption Market evaluates market size, trend, and forecast to 2030. The Hardware Encryption market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the…
Barn Door Hardware Market Is Gaining Huge Growth In Upcoming Years 2024 - 2031 | …
Market Overview:
Barn door hardware includes sliding door hardware kits that are used to convert swing doors into sliding doors. They are commonly used in homes to divide rooms or sections while maximizing the use of space.
Market Dynamics:
The barn door hardware market is estimated to witness significant growth over the forecast period owing to rising demand for interior decor innovations and space optimization solutions in residential and commercial buildings. Traditionally, interior…
Barn Door Handles Market | Artisan Hardware, BarnDoorz, Custom Service Hardware …
The global barn door handles market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the barn door handles market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Global Hardware Load Balancers Market, Hardware Load Balancers Market, Hardware …
Global Hardware Load Balancers Market Overview
The Hardware Load Balancers market is a diverse and rapidly evolving industry that encompasses a wide range of products and services. It is characterized by intense competition, changing consumer preferences, and technological advancements that continually drive innovation.
The Hardware Load Balancers market is comprised of several sub-sectors, including but not limited to: electronics, healthcare, automotive, consumer goods, and energy. Each of these sub-sectors has its unique…
Top 12 China Hardware Market & Reliable Hardware Supplier
This article was first published on Yiwuagt.com. As a professional Chinese sourcing agent, this site has a lot of knowledge about Chinese imports.
As the world's largest manufacturer of hardware tools, China has many excellent hardware suppliers. At present, China's hardware wholesale industry has spread all over the country. Do you want to import hardware from China? As a professional sourcing agent, this article will introduce the well-known China hardware wholesale…
Architectural Hardware Market
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. Architectural hardware is a type of hardware that includes doors, windows,…
