Global Door Handle Market is expected to foresee significant growth. APAC to lead the growth!

The Door Handle Market is expected to grow at a compound annual growth rate of around 4.2% during the forecast period, because of the increase in house remodeling projects and home improvements activities. Furthermore, the market is also expanding as a result of development in the industrialization, new house construction, and commercial building construction, including hotels, offices, and hospitals. Moreover, increased product launches and product developments by the key market players is also anticipated to propel the market growth in the coming years. The rise in the demand of technology has invaded in the industry of door handles which has led manufacturers to create variety of door handles. For instance, the Brinks Home Security® brand of door handles introduced a new line of Push-Pull-Rotate® knobs and levers that enable people to open their doors even when their hands are full. Homeowners can push or pull open their doors without having to set down their groceries, their toddlers or their mobile phones

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Based on material type, the market is categorized into metal, plastic, aluminum, glass, and wood categories. The metal category is expected to hold a significant share in the market as a result of their physical qualities, including toughness, longevity, and adaptability in terms of design. Furthermore, the demand of metal is due to the customer’s use, size requirements, and other product-specific requirements as these door knobs can be modified and due to their resistance to corrosion and improved look, these components are a fantastic choice for security applications, hence are driving the segmental growth during the forecast period.

Based on application, the door handle market has been divided into the residential and commercial segments. The residential segment accounted for a significant market share and is estimated to grow rapidly during the projected timeframe. The major factors such as an increase in home construction, buildings, and renovation projects are driving the growth of the segment. For instance, China emerged as the leading country which has seen the maximum growth in construction projects in the year of 2022.

Based on product type, the market is segmented into lever handles and door knobs. The lever handles are influencing the growth of this segment due to its durable construction and small size. In order to accommodate in different infrastructures, distributors and producers of lever door handles have started offering handles in different ranges, therefore are the rising factors for driving the growth of the segment.

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For a better understanding of the market adoption of the door handle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific region Asia pacific is the largest market share holder for door handle industry. The market is growing as a result of increase in the sales of condos, townhomes, duplexes, and commercial properties including hotels, offices, and other structures. Along with this, post covid consumers concern has raised to prevent themselves from contaminated places which has led the companies to create and innovate door handles considering the various precautions. For instance, companies such as an Australian tech company replace door knobs with foot handles in their battle to stop the spread of COVID-19 among their staff.

Some of the major players operating in the market include Assa Abloy, Häfele America Co., Allegion plc, AAR KAY VOX, Hoppe Holding AG, Ace Hardware, Kuriki Manufacture Co., Ltd., Sugatsune America, Inc., Latham’s Steel Security Doors and WEST CORPORATION

Global Door Handle Market Segmentation

Market Insight, by Type

· Lever Handles

· Door Knobs

Market Insight, by Application Type

· Residential

· Commercial

Market Insight, by Application

· Metal

· Plastic

· Aluminum

· Glass

· Wood

· Steel

Market Insight, by Region

· North America

o US

o Canada

o Rest of North America

· Europe

o Germany

o United Kingdom

o France

o Italy

o Spain

o Rest of Europe

· Asia-Pacific

o China

o Japan

o India

o Rest of Asia-Pacific

· Rest of the World

Top Company Profiles

· ASSA ABLOY

· Häfele America Co.

· Allegion plc

· AAR KAY VOX

· HOPPE Holding AG

· Ace Hardware

· Kuriki Manufacture Co., Ltd.

· Sugatsune America, Inc.

· Latham’s Steel Security Doors

· WEST CORPORATION