Door Handles Market Size, Status, Top Players, Trends And Forecast To 2029

Published: 2023-07-24
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Author: mahesh07
Published in: Business

Door Handles Market Size, Status, Top Players, Trends And Forecast To 2029

Door Handles Market was valued at USD 7.35 Billion for the year 2022 and is expected to grow at a CAGR of 4.1% to reach a USD 9.74 Billion market by the year 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 the major market segments is conducted between 2023 and 2029. In-depth Door Handles market analysis is performed by closely monitoring key product positions and the primary competitors within the market framework. To gain insights 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's landscape, identifying potential growth opportunities and driving forces for industry stakeholders.

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Door Handles Market Scope:

The analysis provides a current examination of the present Door Handles market landscape, 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 a surge in demand for Door Handles products/services. The Door Handles market research encompasses 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 handles 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 longevity and ability to withstand heavy usage. They find applications in both residential and commercial sectors, offering a wide range of designs and finishes. Key players in the metal handles segment include ASSA ABLOY AB, Allegion plc, Emtek Products, Inc., and Häfele GmbH & Co KG.

by Product Type

Lever Handles
Knob Handles
Pull Handles
Flush Handles
Electronic/Smart Handles
Others

by Material

Metal
Plastic
Wood
Glass
Others

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Door Handles Market Key Players:

The following Door Handles Companies are the key players in the market and are selected based on criteria for further evaluation. The strategies followed by the companies to sustain 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 Doorware
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.
20. igloohome

Regional Analysis:

The regional segment of the Door Handles market study incorporates 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 anticipate potential market scenarios for different industries within the region.

During the examination of 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 the absence of competition altogether. By analyzing these factors, the study aims to provide a comprehensive understanding of the regional market dynamics and opportunities, enabling industry stakeholders to make well-informed strategic decisions.

COVID-19 Impact Analysis on Door Handles Market:

The global Door Handles industry has experienced a significant impact from the COVID-19 epidemic. Production facilities faced disruptions due to the global economic downturn and a shortage of available workforce. The pandemic caused a substantial and prolonged decrease in production utilization, as travel restrictions and facility closures prevented personnel from accessing their workplaces. As a result, the Door Handles market experienced a slowdown in 2021.

However, it is anticipated that the negative effects of COVID-19 on the Door Handles market will be temporary. The industry is projected to undergo a significant revival by early 2023, primarily driven by increased demand for Door Handles products/services. As the situation improves, production is expected to ramp up, and the Door Handles industry is likely to bounce back strongly. Nonetheless, industry stakeholders should remain vigilant and adaptive to potential changes in the market dynamics as the recovery progresses.

Key Questions Answered in the Door Handles Market Report are: