Builder or builders hardware refers to a set of metal tools used in protection, decoration, and maintenance of buildings. The rise in construction activities and investments in public infrastructure are main factors for commanding its demand. Initiatives by various governments for promoting domestic manufacturers instead of imports from foreign countries have changed the landscape. The global Builder Hardware Market Trends report by Market Research Future (MRFR) considers the various dynamic variables affecting the industry for the period of 2019 to 2024 (forecast period) as well as estimations for revenue and growth. The COVID-19 pandemic on the industry has been noted in the report.

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Market Scope

The global Builder Hardware Market Trends is expected to expand at 4.88% CAGR during the forecast period. This can be attributed to novel construction projects and renovation projects undertaken by governments for efforts of modernization. Emergence of smart buildings, rise in disposable income levels, and change in interior aesthetics can drive the global Builder Hardware Market Trends growth.

Seminars and workshops for generating awareness on builder hardware companies, government schemes, and a notable uptick in hardware manufacturing can drive the market growth. The export of hardware and emphasis on quality products focusing on materials, coatings, and finishes can fuel the global Builder Hardware Market Trends growth. Rise in commercial and residential units can spell good fortune for the industry.

Segmentation

The global Builder Hardware Market Trends is segmented based on type and application. On the basis of type, the global Builder Hardware Market Trends is segmented into cabinet hardware, doors, hardware, windows hardware, plumbing hardware, and others. The cabinet hardware segment is expected to dominate the global market during the forecast period. Cabinet hardware includes components that are used to make cabinets, such as hinges, pulls, latches, knob, and fasteners. The growing construction activities are expected to drive the demand for cabinet products during the forecast period.

On the basis of application, the global Builder Hardware Market Trends is divided into residential and non-residential. The residential segment is expected to hold the maximum market share, owing to the growing population and rapid pace of urbanization.

Regional Analysis

Asia Pacific (APAC) is estimated to be a prominent region in the Builder Hardware Market Trends due to the rapid pace of industrialization and urbanization in emerging economies of China, India, and Japan. Furthermore, activities such as refurbishing and renovation of old buildings have increased investments in the infrastructure and construction industries fuelling the Builder Hardware Market Trends during the forecast period. Investments in the construction industry and the improvement in the financial conditions in the region have led to the growth of the construction industry and, consequently, the Builder Hardware Market Trends. Moreover, the rapid industrialization and urbanization in emerging economies, such as China, India, and Japan, are driving the growth of the Builder Hardware Market Trends in the region. According to the National Bureau of Statistics of China, in 2017, the value-added output of the construction industry reached USD 816.6 billion, compared to the USD 2.1 billion in 1978, with an average annual growth rate of 16.6%. The rapid growth in industrialization, growing population levels which have fueled the demand for affordable housing, and shift to cities by citizens can favor the market.

In 2018, North America held the second-largest market share in the Builder Hardware Market Trends. The region has witnessed significant growth in the construction industry, owing to the increase in real estate investments and resurgence in real estate.

Competitive Outlook

Dormakaba Group, Tyman plc, Allegion plc, Roto, Siegenia, Masco Corporation, Sobinco, GUANGDONG KIN LONG HARDWARE PRODUCTS CO., LTD, and ASSA ABLOY are key players of the global Builder Hardware Market Trends.

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Key Questions Addressed by the Report

• What was the historic market size?
• Which segmentation (Product/ Capacity) is driving market?
• What will be the growth rate?
• How are the key players in this market?
• What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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