Hardware Products of Doors & Windows Market Size, Share, Growth, Forecast 2030

Hardware Products of Doors & Windows Industry Prospective:

The global hardware products of doors & windows market size was worth around USD 23.15 billion in 2022 and is predicted to grow to around USD 36.42 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.80% between 2023 and 2030.

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Hardware Products of Doors & Windows Market: Overview

Hardware product of doors and windows refers to all the rigid and sturdy tools that are used to make a window or a door safe, functional, aesthetically pleasing, safe, and long-lasting. The hardware products of doors & windows industry deals in the production and distribution of hardware items such as door sweeps and bottom seals, door hinges, door locks, door closers, bolts & latches, window locks, window hinges, door viewers, window grills & bars, threshold & sills, weatherstripping, and all of the other products using by in the building & construction industry to install secure windows or doors. These two units are regarded as a crucial investment in a building including residential, commercial, and industrial. Since they have more than a few roles to play. For instance, effectively installed doorways or windows can improve the overall energy efficiency of the building. They also assist in improving ventilation and improve the overall physical appearance of the space. Manufacturers of hardware products of doors and windows are emphasizing on buying the right equipment depending on the final needs of the customers. Increasing demand for aesthetically pleasing hardware products is expected to create growth opportunities in the coming years.

Key Insights:

• As per the analysis shared by our research analyst, the global hardware products of doors & windows market is estimated to grow annually at a CAGR of around 5.80% over the forecast period (2023-2030)
• In terms of revenue, the global hardware products of doors & windows market size was valued at around USD 23.15 billion in 2022 and is projected to reach USD 36.42 billion, by 2030.
• The hardware products of doors & windows market is projected to grow at a significant rate due to the rising construction of commercial establishments
• Based on material segmentation, metal was predicted to show maximum market share in the year 2022
• Based on application segmentation, commercial was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Hardware Products of Doors & Windows Market: Growth Drivers

Rising construction of commercial establishments to drive market growth

The global hardware products of doors & windows market is projected to grow owing to the increasing construction rate of commercial establishments across the globe. This includes facilities such as restaurants, cafes, hotels, shopping malls, recreation centers, fitness centers & gyms, office buildings, spas & salons, and many more. These units require extremely high-functioning hardware products for doors & windows. For instance, door handles are used throughout the day during entry or exit. These handles must be non-slippery while being able to handle the pressure exerted on them throughout the day for years. Furthermore, certain commercial centers such as shopping malls and recreational centers should have doorways that allow entry or exit of multiple people at once to manage crowds. These crucial aspects of a commercial establishment in terms of doors and windows hardware products have resulted in higher demand for modern-age solutions. Europe’s salon service alone was worth USD 69 billion in 2022. The commercial establishment industry is worth trillions of dollars and will only continue to grow during the forecast period causing more demand for efficient doors and windows hardware products.

Growing investments in automated doors & windows to push the market demand further

There is a growing market segment for automated or smart doors & windows. For instance, malls, recreational centers, or luxurious buildings & apartments have smart doors or windows that either work on sensory technology or use remote control. These doors and windows have specific requirements in terms of hardware products that are more expensive than traditional hardware items leading to higher revenue in the hardware products of doors & windows industry.

Hardware Products of Doors & Windows Market: Restraints

Longer replacement rate of hardware to restrict market growth

The global hardware products of doors & windows market growth is expected to be restricted owing to the longer replacement rate of doors & windows hardware products. Good quality materials are highly durable and they are used with a long-term view. Consumers spend heavily on installing functional, effective, and long-lasting hardware since replacing one item such as door hinges would require the entire unit to be primarily uninstalled and reinstalled once the work is complete. There is a higher demand for long-lasting hardware products. This automatically reduces the replacement lifecycle for doors and windows hardware resulting in limited revenue.

Hardware Products of Doors & Windows Market: Opportunities

Increasing new-age products launched to create growth possibilities

The rising trend of launching new-age hardware products or windows or doors is likely to create growth opportunities for the hardware products of doors & windows industry. Changing consumer demand and expectations, rising spending power, and a growing need for pleasant-looking yet highly operational hardware have resulted in rising product innovation. In June 2023, Godrej Locks & Architectural Fittings and Systems (GLAFS) announced the expansion of its Architectural Fittings Category with the launch of new Home Décor Handles along with digital locks. In June 2022, Tesa Assa Abloy launched a new range of doors and window handles that are most suited for state-of-the-art surroundings. Innovation in product material, design, functionality, appearance, durability, and integration with smart technology are some of the areas that the global market players are expected to explore during the projection period.

Changing demands for windows hardware in skyscrapers to deliver higher growth possibilities

Windows installation in skyscrapers has specific requirements. For instance, they must be made with accessories that improve their structural stability since these window panels supported by the hardware have to withstand extreme wind and other harsh environmental conditions. Furthermore, they should be fire resistant, have superior solar control, and must be secure to avoid any mishaps. The increasing investments in tall buildings and skyscrapers may create additional expansion opportunities for the businesses operating in the industry.

Hardware Products of Doors & Windows Market: Challenges

Extreme competitiveness in the industry to create growth challenges

The global hardware products of doors & windows market growth trend is expected to be challenged by the extreme competitiveness in the industry for windows and doors hardware products. There are several players offering a wide range of products. It includes international companies entering new markets as well as regional and domestic players that have already established a strong foothold in the regional market. Factors such as managing product differentiation, market saturation, and price wars are some of the negative aspects of an extremely competitive market.

Hardware Products of Doors & Windows Market: Segmentation

The global hardware products of doors & windows market is segmented based on material, type, application, and region.

Based on material, the global market segments are plastic, metal, glass, wood, and others. In 2022, the highest demand was observed for metal-based doors and window hardware products. Aluminum and steel are two of the most widely used materials to manufacture door locks, hinges, frames, and other essential components. Higher durability, sturdiness, and protection offered by metal is the leading reason for substantial growth. Plastic is also a leading revenue generator since it is not as expensive as metal and offers resistance against corrosion. There is a growing segment for advanced and composite materials, especially for expensive hardware products. As per research, an efficient door handle should last at least 25 years.

Based on type, the hardware products of doors & windows industry  divisions are premium products and affordable products.

Based on application, the global market divisions are industrial, residential, and commercial. The highest revenue generators are residential and commercial with the latter leading with a slight margin. Growth in the residential sector is owed to increased redevelopment projects related to the residential sector. Increasing housing needs and rising construction of luxury houses are the main segmental growth propellers. A 2020 report claimed that nearly 63.2% of interior design projects in the US were renovations while almost 24.1% were for new buildings.

Hardware Products of Doors & Windows Market: Report Scope

Hardware Products of Doors & Windows Market: Regional Analysis

Asia-Pacific to garner the highest results during the assessment period

The global hardware products of doors & windows market is expected to witness the highest growth in Asia-Pacific with China, India, Japan, South Korea, Singapore, and Australia leading with the highest margins. A growing number of commercial establishments and the presence of key manufacturers or suppliers of hardware products used in doors and windows have allowed Asia-Pacific to maintain its dominance through the years. For instance, China houses around 5 of the world’s top 10 tallest buildings. Since China and India are witnessing a surge in housing demand due to the growing population, the residential segment is the larger buyer of hardware products. Other factors such as the improved need for energy efficiency in commercial, residential, and industrial centers are likely to create growth scope for modern-age hardware solutions. Rapid product portfolio expansion strategy adopted by regional market players is one of the leading factors that attract international buyers to the Asian market. North America is expected to deliver steady results. Increased focus on product innovation and rising renovations may generate higher regional revenue.

Hardware Products of Doors & Windows Market: Competitive Analysis

The global hardware products of doors & windows market is led by players like:

• Dormakaba
• Assa Abloy
• Andersen Corporation
• Allegion
• Stanley Black & Decker
• Yale
• Roto Frank AG
• Schlage
• SIEGENIA Group
• Pella Corporation
• Masonite International
• Marvin Windows and Doors
• HOPPE AG
• Emtek Products Inc.
• Jeld-Wen.

The global hardware products of doors & windows market is segmented as follows:

By Material

• Plastic
• Metal
• Glass
• Wood
• Others

By Type

• Premium Products
• Affordable Products

By Application

• Industrial
• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa