Door handle market was valued at USD 7.35 billion by 2022 and is expected to grow at a CAGR of 4.1% to reach a market of USD 9.74 billion by 2029
Door Handles Market Overview:
This Door Handles Market study examines current and emerging industry trends and dynamics in the global Door Handles market. Extensive market forecasting for key market segments is conducted between 2023 and 2029. In-depth analysis of the Door Handles market is conducted by closely monitoring key product positions and key competitors within the market framework. To gain insight into the competitive landscape of the worldwide Door Handles market, key players are profiled and their strategies are thoroughly evaluated. This comprehensive assessment aims to provide a holistic view of the market landscape, identifying potential growth opportunities and driving forces for industry stakeholders.
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Door handle market scope:
The analysis provides an up-to-date examination of the current landscape of the door handle market, including the latest trends and drivers shaping the industry. A comprehensive overview of the entire Door Handles market environment is presented. The market is being driven by an increase in demand for Door Door products/services. The Door Handles market research includes a detailed study of technology, end users, and product types, among other factors, along with an exploration of the geographical landscape. This in-depth assessment aims to equip industry stakeholders with valuable insights to make informed decisions and capitalize on the growing opportunities in the door handles market.
Door Handles Market Segmentation:
Door Handles Market Segmentation by Product Type
Lever handles are a popular product type in the door handle market, driven by their ergonomic design, ease of use and accessibility. They find applications in both residential and commercial sectors. Lever handles are witnessing a trend towards sleek and modern designs, aligning with contemporary interior styles. Additionally, the integration of smart features such as keyless entry and remote control is gaining traction. Key players in the lever handles segment include ASSA ABLOY AB, Allegion plc, Spectrum Brands Holdings, Inc. and Hafele Group.
Door Handles Market Segmentation by Material Type
Metal door handles hold a significant market share due to their durability, strength and aesthetic appeal. They are available in various metals such as stainless steel, brass, bronze and nickel. Metal handles are preferred for their durability and ability to withstand heavy use. They find applications in both the residential and commercial sectors, offering a wide range of designs and finishes. Key players in the metal gloves segment include ASSA ABLOY AB, Allegion plc, Emtek Products, Inc. and Häfele GmbH & Co KG.
by product type
according to the Material
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Key Players of Door Handles Market:
The following door handle companies are the key players in the market and have been selected based on the criteria for further evaluation. The strategies followed by the companies to stay and grow in the market are discussed in detail in the report
1. ASSA ABLOY AB
2. Allegion plc
3. Emtek Products, Inc.
4. Spectrum Brands Holdings, Inc.
5. Häfele GmbH & Co. KG
6. Kwikset (Spectrum Brands Holdings, Inc.)
7. Yale Security (ASSA ABLOY AB)
8. SARGENT Manufacturing Company
9. Designer door containers
10. GEZE GmbH
11. FSB Franz Schneider Brakel GmbH + Co KG
12. DORMA+KABA group
13. Hettich Holding GmbH & Co. oHG
14. Sugatsune America, Inc.
15. Nova Hardware
16. Hafele group
17. Samsung SDS Co., Ltd.
18. Dormakaba group
19. August Home Inc.
The regional study segment of the Door Handles market includes individual market influencing variables and changes in market laws that have an impact on current and future market trends. The report includes an in-depth analysis of various data points, such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis and case studies, to forecast potential market scenarios for various industries within the region.
While examining the projection data for the region, the report considers the presence and availability of global players and the challenges they may face due to significant competition from local and domestic brands or lack of competition altogether. By analyzing these factors, the study aims to provide a comprehensive understanding of regional market dynamics and opportunities, enabling industry stakeholders to make well-informed strategic decisions.
Analysis of the impact of COVID-19 on the door handles market:
The global door handle industry has experienced a significant impact from the COVID-19 epidemic. Manufacturing facilities faced disruption due to the global economic downturn and a lack of available labor. The pandemic caused a significant and prolonged decline in production utilization, as travel restrictions and facility closures prevented personnel from entering their workplaces. As a result, the Door Handles market experienced a slowdown in 2021.
However, the negative effects of COVID-19 on the Door Handles market are expected to be temporary. The industry is projected to witness a significant revival by the beginning of 2023, driven primarily by increased demand for Door Door products/services. As the situation improves, production is expected to increase and the Door Handle industry is likely to bounce back strongly. However, industry stakeholders must remain alert and adaptable to potential changes in market dynamics as the recovery progresses.
The key questions answered in the Door Handles Market Report are:
- Which segment accounted for the largest share in the Door Handles market?
- What was the competitive scenario of the Door Handles market in 2023?
- What are the key factors responsible for the growth of the Door Handles market?
- Which region held the maximum share in the Door Handles market in 2023?
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