Top Trends Transforming the Hardware Market Landscape in 2025: Transforming Hardware Manufacturing Market With Robotics, Automation, And Sensor Technology

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What Will the Hardware Industry Market Size Be by 2025?
The expansion in the hardware market size has been consistent over the past years. There is an anticipated growth from $110.58 billion in 2024 to $114.87 billion in 2025, representing a compound annual growth rate (CAGR) of 3.9%. Factors contributing to this augmentation in the historic period include robust economic proliferation in developing markets, swift advancement in the automotive sector, surge in construction activities, and the escalation in infrastructure development.

What's the Long-Term Growth Forecast for the Hardware Market Size Through 2029?
In the coming years, the hardware market is projected to experience consistent growth. By 2029, it is anticipated to expand to $137.18 billion, with a compound annual growth rate (CAGR) of 4.5%. This growth over the forecast period can be connected to quick urbanization, increased backing from governments, heightened metal usage by the aerospace sector, and evolution in the automotive industry. Key trends during the forecast period comprise the introduction of metal additives for production purposes, a focus on novel design innovations, strategic collaborations, and acquisitions among market participants, an emphasis on zero carbon-emission products, and utilization of recycled metals.

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What Are the Key Growth Drivers Fueling the Hardware Market Expansion?
The expectation for the aerospace sector to consume more metal during the forecast period is anticipated to boost the hardware manufacturing market. This stems primarily from the surge in air travel, which inversely increases the demand for commercial airplanes. The International Air Transport Association (IATA) revealed that there were approximately 3.8 billion air travelers, a figure predicted to escalate to 7.2 billion by 2035. To dimension this, Boeing has projected a requirement for roughly 42,730 new jets over the coming 20 years, representing a value of $6.3 trillion. This requirement is to accommodate escalating passenger traffic and replacing retiring planes, necessitating a substantial consumption of metal, especially aluminum. This factor is expected to stimulate the hardware manufacturing market in the forecast period. Hence, the anticipated increase in metal consumption by the aerospace sector is projected to propel the hardware manufacturing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hardware Market?
Several hardware manufacturing firms are leveraging robotic technology and automation to enhance the productivity and efficiency in their plants. Varied machines are equipped with sensors to garner crucial data that aids in refining efficiency while mitigating potential malfunctions. For example, in May 2024, a worldwide robotics market that had a valuation of USD 59.7 billion in 2022 is predicted to skyrocket to over USD 200 billion by 2030. This signifies a compounded annual growth rate of 16.1% from 2023 onward till 2030. Firms such as FANUC, KUKA, ABB, and Motoman are providing industrial robots to companies in the metals sector.

How Is the Hardware Market Segmented?
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, After market

Subsegments:
1) By Furniture Hardware: Cabinet Hardware, Furniture Fasteners, Sofa And Chair Mechanisms, Decorative Hardware
2) By Motor Vehicle Hardware: Engine Components, Chassis And Suspension Hardware, Body Hardware, Electrical Hardware
3) By Builder's Hardware: Doors And Windows Hardware, Fasteners, Brackets And Supports, Roofing And Siding Hardware
4) By Other Hardware: Plumbing Hardware, Electrical Hardware, Industrial Hardware, Safety Hardware

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Which Companies Are Leading the Charge in Hardware Market Innovation?
Major companies operating in the hardware market include 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

Which Regions Are Leading the Global Hardware Market in Revenue?
Asia-Pacific was the largest region in the hardware market in 2024. Western Europe was the second-largest region in the hardware market. The regions covered in the hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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