Door Handle Market Size Worth $3.3 Billion By 2025 | CAGR: 3.9%


Posted July 14, 2020 by sitakant

The global door handle market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc

 
The global door handle market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. The market has been gaining an increasing traction among the consumers on account of their frequent purchases to keep up with the latest trends in the market.
Moreover, companies are manufacturing fashionable products with modified and improved designs, patterns, and materials that offer rich aesthetic appeal to the infrastructures. The market growth is also attributed to booming residential and commercial construction, driven by rapid urbanization and industrialization, along with increasing consumer spending on home remodeling and interior fittings.
Shifting customer preferences from ornate fittings to contemporary patterns has been driving the manufacturers to introduce these products with sleek and luxurious designs and materials. Knob style handles are gaining an increasing acceptance among the consumers due to their compact structure and availability of various appropriate designs for every infrastructure. Some of the prominent designs trending in the market are polished nickel, matte texture, brass and bronze finishes, crystal, and satin look available in various geometric shapes and patterns. Some of the companies offering such products are ASSA ABLOY and Carlisle Brass Ltd.
Door knobs are expected to exhibit the fastest CAGR of 4.2% over the forecast period. This growth is attributed to increasing product modifications in terms of designs, styles, and look. These products are expected to have a vast application in the residential sector as it fits the style and appearance of any door and surrounding furniture. Companies are also adding contemporary designs to knobs with an aim to provide an elegant look to the doors.

For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/door-handles-market

Asia Pacific held a share of 31.4% in 2018 and is expected to witness the fastest growth over the forecast period. This growth is attributed to rising establishment of residential and commercial infrastructures and booming tourism industry. Growth of the tourism industry is driving the construction of commercial buildings such as restaurants and hotels. For instance, Brazil has established 54 new hotels, providing 10,591 new rooms in 2018.
International sporting competitions such as the 2020 Summer Olympics, which is scheduled to take place in Tokyo in 2020, are fueling the capacity of hotels and restaurants in Japan. Hotels such as Park Hyatt, Hyatt Regency, and InterContinental are expected to open shortly. Increasing number of construction projects is expected to augment the demand for the global market.
Door Handle Market Report Highlights
• Lever handles accounted for the largest share of more than 40.0% in 2018
• The residential sector accounted for the largest share of more than 50.0% in 2018 due to demand for door handles by the new construction and home remodeling projects
• Asia Pacific accounted for a share of 31.4% in 2018 owing to growing establishment of residential and commercial infrastructures and booming tourism industry
• Some of the key players operating in the global door handles market are ASSA ABLOY Group, Hafele, Allegion plc., Sobinco, LATHAMS SECURITY DOORSETS Ltd., Kuriki Manufacture Co., WEST inx, Ace Hardware, and India International House Ltd.

To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/door-handles-market/request/rs1

Door Handle Market Segmentation
Grand View Research has segmented the global door handle market on the basis of type, application, and region:
Door HandlesType Outlook (Revenue, USD Million, 2015 - 2025)
• Lever Handles
• Door Knobs
• Sliding Door Handles
Door HandlesApplication Outlook (Revenue, USD Million, 2015 - 2025)
• Residential
• Commercial
Door HandlesRegional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o U.K.
• Asia Pacific
o China
o India
• Central & South America
o Brazil
• Middle East & Africa
o Africa

For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/6089/ibb

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags door handle market size
Last Updated July 14, 2020