Market Overview:
The global architectural and furniture hardware market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED lighting fixtures, rising awareness about energy-efficient lighting solutions, and growing construction activities across the globe. The architectural and furniture hardware market is segmented on the basis of type into LED, incandescent, and others. The LED segment is expected to grow at a higher CAGR during the forecast period as compared to other segments due to its energy-efficiency benefits over traditional lighting sources such as incandescent bulbs. On the basis of application, the global architectural and furniture hardware market is segmented into indoor and outdoor applications. The indoor application segment accounted for a larger share in 2017 owing to increased adoption of LEDs for interior lighting applications in both residential and commercial buildings across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). However, with increasing demand for outdoor illumination owing to growing urbanization worldwide coupled with stringent regulations mandating use of energy-efficient outdoor luminaires in several countries including China Japan Korea Taiwan Singapore etc.
Product Definition:
Architectural hardware refers to any physical component of a building that is not part of the structure itself but is used to secure or operate openings and shutters, or to regulate ventilation, light, or climate. This includes door handles, window locks, hinges, and screws. Furniture hardware refers to the parts of furniture that are not considered structural such as drawer pulls and knobs, cabinet hinges and catches. These components can enhance the appearance and function of furniture while also making it more durable.
LED:
The global LED architectural lighting market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for energy-efficient, durable, and high-quality lightings among end users such as commercial buildings, residential homes, industrial facilities & warehouses among others.
LEDs are increasingly being used in various applications such as general illumination (GI).
Incandescent:
Incandescent is a type of electric light source that produces light by means of a filament, which is heated to an incandescent temperature (generally between 40K and 100K). The most common types of incandescent lights are the ones used in table lamps and the conventional household bulbs. Incandescents have several advantages over fluorescent or CFL lighting sources; for instance, they produce much more intense colors than CFLs.
Application Insights:
Indoor application dominated the global market with a share of over 80.0% in 2017. The growth can be attributed to the increasing use of LED products as they offer better illumination and are energy-efficient, which is likely to drive their demand in indoor applications over the forecast period.
The outdoor application segment is expected to witness significant growth owing to rising consumer disposable income levels coupled with an increase in spending on home dĩcor and improvement in economic conditions across key regions including Asia Pacific and Middle East & Africa. This, as a result, will propel industry expansion over the coming years.
Furniture hardware such as door handles, bathroom fittings along with other decorative items used for exterior decoration purposes accounted for a significant share within the overall industry revenue based on application in 2017 due to growing preference for aesthetic features that enhance curb appeal of residential & commercial buildings worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, most notably China, who export their products to countries across the globe. The growing middle-class population coupled with increasing disposable income is anticipated to drive demand for luxury residential spaces such as apartments and houses that will lead to an increase in sales of architectural hardware including door handles, locksets, blinds and others.
Europe accounted for more than 25% share of global revenue in 2017 owing to high product penetration especially LED lighting which has gained significant popularity among consumers due to energy efficiency compared with incandescent bulbs. In addition, European governments have undertaken initiatives such as “Energy Performance Certificate†(EPC) which helps buyers determine if they can improve their existing building using LEDs or other efficient technologies thus driving product adoption across the region over the forecast period.
Growth Factors:
- Increasing demand from the construction sector: The global architectural and furniture hardware market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for construction services across the globe.
- Rising disposable income: The growth of the architectural and furniture hardware market is also driven by rising disposable incomes, which has led to an increase in consumer spending on home improvement projects and renovation activities.
- Technological advancements: Architectural and furniture hardware manufacturers are increasingly adopting new technologies to develop innovative products that meet the changing needs of consumers. This is helping them expand their customer base and gain a competitive edge in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Architectural and Furniture Hardware Market Research Report
By Type
LED, Incandescent, Others
By Application
Indoor, Outdoor
By Companies
MK Illumination, Lights4fun Inc., TASCO Industries Inc., Blachere Illumination, Jiangmen Great Optoelectronics Technology Corp., Enbrighten, QIANKEYING, Feit Electric, Balsam Hill, OSRAM Sylvania Inc., NOMA, Caishuo, Festive Productions Ltd., Crystal Valley
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Architectural and Furniture Hardware Market Report Segments:
The global Architectural and Furniture Hardware market is segmented on the basis of:
Types
LED, Incandescent, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor, Outdoor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MK Illumination
- Lights4fun Inc.
- TASCO Industries Inc.
- Blachere Illumination
- Jiangmen Great Optoelectronics Technology Corp.
- Enbrighten
- QIANKEYING
- Feit Electric
- Balsam Hill
- OSRAM Sylvania Inc.
- NOMA
- Caishuo
- Festive Productions Ltd.
- Crystal Valley
Highlights of The Architectural and Furniture Hardware Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED
- Incandescent
- Others
- By Application:
- Indoor
- Outdoor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Architectural and Furniture Hardware Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Architectural and furniture hardware is the collection of materials and devices used in the construction or decoration of buildings or furnishings. It includes screws, nails, bolts, hooks, brackets, hinges and other fasteners.
Some of the major players in the architectural and furniture hardware market are MK Illumination, Lights4fun Inc., TASCO Industries Inc., Blachere Illumination, Jiangmen Great Optoelectronics Technology Corp., Enbrighten, QIANKEYING, Feit Electric, Balsam Hill, OSRAM Sylvania Inc., NOMA, Caishuo, Festive Productions Ltd., Crystal Valley.
The architectural and furniture hardware market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Architectural and Furniture Hardware Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Architectural and Furniture Hardware Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Architectural and Furniture Hardware Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Architectural and Furniture Hardware Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Architectural and Furniture Hardware Market Size & Forecast, 2020-2028
4.5.1 Architectural and Furniture Hardware Market Size and Y-o-Y Growth
4.5.2 Architectural and Furniture Hardware Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LED
5.2.2 Incandescent
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Architectural and Furniture Hardware Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Architectural and Furniture Hardware Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LED
9.6.2 Incandescent
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LED
10.6.2 Incandescent
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LED
11.6.2 Incandescent
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LED
12.6.2 Incandescent
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LED
13.6.2 Incandescent
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Architectural and Furniture Hardware Market: Competitive Dashboard
14.2 Global Architectural and Furniture Hardware Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MK Illumination
14.3.2 Lights4fun Inc.
14.3.3 TASCO Industries Inc.
14.3.4 Blachere Illumination
14.3.5 Jiangmen Great Optoelectronics Technology Corp.
14.3.6 Enbrighten
14.3.7 QIANKEYING
14.3.8 Feit Electric
14.3.9 Balsam Hill
14.3.10 OSRAM Sylvania Inc.
14.3.11 NOMA
14.3.12 Caishuo
14.3.13 Festive Productions Ltd.
14.3.14 Crystal Valley
