The governments of various countries have taken initiatives related to infrastructure developments & Investment in the real estate sector drives the market.
PORTLAND, OR, UNITED STATES, December 8, 2021 /EINPresswire.com/ — The architectural hardware market has witnessed substantial rise over the past few years and is expected to record similar growth during the coming years. Increase in industrialization and urbanization, particularly in the emerging markets, further fuels the architectural hardware market growth. In addition, increase in demand for architectural hardware in the construction industries is expected to drive the market growth during the forecast year.
However, rise in cost of steel, and fluctuating foreign exchange are anticipated to hinder the market growth. Furthermore, availability of low-cost and efficient manufacturing particularly in Asia-Pacific and rise in demand for door and window accessories in developing countries provide lucrative growth opportunities for the market.
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According to a new report published by Allied Market Research, titled, ” Architectural Hardware Market by Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global architectural hardware market size was valued at $15.9 billion in 2018, and is projected to reach $23.2 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026.
Key Market Players
ASSA ABLOY (Yale and Others)
C.R. Laurence Co., Inc.
Fortress Industrial Co., Ltd.
Godrej Locking Solutions & Systems
Häfele GmbH & Co KG
Hettich Holding GmbH & Co. oHG
HOPPE Holding AG
Spectrum Brands, Inc.
The report provides an extensive analysis of the current and emerging architectural hardware market trends and dynamics.
In-depth architectural hardware market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global architectural hardware market forecast analysis from 2018 to 2026 is included in the report.
Key market players operating in the global architectural hardware market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the architectural hardware industry.
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Key Market Segments
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.