Press release
Architectural and Furniture Hardware Market Grows with Smart Home and Design Trends
Architectural and Furniture Hardware Market SizeThe global Architectural and Furniture Hardware revenue was US$ 29920 million in 2022 and is forecast to a readjusted size of US$ 43420 million by 2029 with a CAGR of 5.4% during the forecast period (2023-2029).
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Key Drivers
The architectural and furniture hardware market is expanding due to the booming construction industry, urbanization, and rising consumer demand for stylish yet durable hardware solutions. Architectural hardware such as door handles, locks, and hinges, along with furniture hardware like knobs, pulls, and drawer slides, are essential for both functional and aesthetic purposes. As homeowners and commercial developers increasingly prioritize design and durability, the demand for high-quality and aesthetically appealing hardware continues to grow. Furthermore, the trend toward smart homes and offices is driving demand for technologically advanced hardware, such as electronic locks and automated systems.
Market Trends
• Rising Demand for Smart Hardware: The increasing adoption of smart home technology is boosting the demand for advanced architectural hardware such as electronic locks and automated hinges. These products provide enhanced security and convenience, making them popular in modern residential and commercial buildings.
• Sustainability Focus: As environmental concerns grow, manufacturers are producing eco-friendly hardware using sustainable and recyclable materials. Products made from recycled metals and sustainable woods are gaining traction, particularly in green building projects.
• Customization and Design: Consumers are seeking hardware that blends functionality with design, fueling demand for customizable and aesthetically pleasing hardware that aligns with modern architectural styles. This trend is especially prominent in the luxury real estate and furniture sectors.
Market Share
The Asia-Pacific region, particularly India and China, dominates the architectural and furniture hardware market, driven by rapid urbanization and construction growth. North America and Europe also hold substantial shares, largely due to demand for high-quality, smart, and eco-friendly hardware solutions. Major players like ASSA ABLOY, Hafele, Blum, and Dormakaba continue to innovate in response to evolving customer needs.
By Type
• Door Handles
• Closers
• Locks
• Cylinder Pulls and Hinges (door furniture)
• Window &Cupboard fittings
• Iron Railings
• Handrails
• Balustrades
• Switches
• Other
By Application
• Architectural
• Furniture
Key Companies
ASSA ABLOY, Blum Inc, Allegion, Hafele, Spectrum Brands Holdings, Hettich, Roto Frank, Kin Long, Dormakaba Holding, Gretsch-Unitas, Siegenia-Aubi, GRASS, DTC, Formenti & Giovenzana S.p(FGV), Taiming, Jusen, ADAMS, HUTLON, Salice, Yajie, Accuride, Sugatsune, King Slide Works Co. Ltd
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