Market Overview:
The global hinge for furniture market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for furniture across different applications, such as commercial and residential, owing to the growing population and rising disposable income. In addition, the increasing use of hinges in smart furniture is also contributing to the growth of this market. The global hinge for furniture market has been segmented on the basis of type, application and region. On the basis of type, it has been segmented into cold rolled steel material, stainless steel material and solid brass material. The cold rolled steel material segment is expected to account for a major share in terms of revenue in 2018 owing to its low cost as compared with other types of materials used in hinges for furniture. However, stainless steel material is projected to grow at a higher CAGR during the forecast period due from its properties such as corrosion resistance and durability which make it suitable for use in high-end applications such as luxury hotels and hospitals .
Product Definition:
A hinge is a type of joint that connects two or more pieces of metal, wood, or plastic and allows them to rotate around a common point. Hinges are used in furniture to connect the doors and drawers to the cabinet body. They allow the door or drawer to open and close smoothly.
Cold Rolled Steel Material:
Steel is one of the most common materials used in cold rolled steel material. It's a sheet metal that has been processed after it comes out of the rolling mill and before it is shaped, there are certain processes involved in between these two stages which are called as hot forming and final forming. Cold rolled steel material has better mechanical properties such as high tensile strength, good elongation & hardness, corrosion resistance & excellent electrical properties making them suitable for various applications like building structures or automotive components.
Stainless Steel Material:
Stainless steel material is a type of metal that has high corrosion resistance and is used in various applications such as cookware, kitchen appliances, and cutlery. It also finds application in the automotive industry owing to it's lightweight properties. The growth of the automotive industry coupled with rising disposable income especially in developing countries like India & China are expected to drive stainless steel material demand over the forecast period.
Application Insights:
The commercial application segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing construction activities in hotels, restaurants and shopping malls across the globe. A large number of products are required for a furniture set, which is why steel or stainless steel material is preferred for manufacturing these products as they are strong and durable compared to other materials such as plastic or wood.
Residential application segment was valued at USD 544 million in 2017 owing to rising demand from developing countries such as India, China and Brazil where price of metal furniture has dropped due to increased production scale economies resulting in lower prices for consumers.
Regional Analysis:
Asia Pacific dominated the global hinge for furniture market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction of new commercial and residential buildings, thereby driving product demand. In addition, rising number of retail outlets in countries such as China and India is anticipated to fuel product demand further.
Europe accounted for a significant share of revenue in 2017 owing to high adoption rate of advanced technologies coupled with growing consumer preference towards sustainable products. Moreover, presence of major manufacturers such as Augustinus Böhler AG & Co., Herlitz AB, Ritter & Zechner GmbH will support regional growth over the forecast period.
North America held a substantial share due to high concentration of manufacturers operating within U.S.
Growth Factors:
- Increasing demand for furniture from the residential sector
- Rising disposable income of consumers
- Growing popularity of online shopping for furniture
- Proliferation of home décor shows on television channels
- Increased focus on ergonomics and comfort while designing furniture
Scope Of The Report
Report Attributes
Report Details
Report Title
Hinge for Furniture Market Research Report
By Type
Cold Rolled Steel Material, Stainless Steel Material, Solid Brass Material
By Application
Commercial, Residential
By Companies
Hettich, Blum, Grass, ASSA ABLOY, Simonswerk GmbH, Hafele, FGV, Dorma, Spectrum Brands, Inc., DTC, Hager Companies, Ferrari, SH-ABC, Topstrong, Archie, Kingslide, ITW Proline, Zoo Hardware
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Hinge for Furniture Market Report Segments:
The global Hinge for Furniture market is segmented on the basis of:
Types
Cold Rolled Steel Material, Stainless Steel Material, Solid Brass Material
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
Commercial, Residential
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:
- Hettich
- Blum
- Grass
- ASSA ABLOY
- Simonswerk GmbH
- Hafele
- FGV
- Dorma
- Spectrum Brands, Inc.
- DTC
- Hager Companies
- Ferrari
- SH-ABC
- Topstrong
- Archie
- Kingslide
- ITW Proline
- Zoo Hardware
Highlights of The Hinge for Furniture 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:
- Cold Rolled Steel Material
- Stainless Steel Material
- Solid Brass Material
- By Application:
- Commercial
- Residential
- 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 Hinge for Furniture 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Hinge is a type of furniture that allows you to open and close the door or drawer.
Some of the major companies in the hinge for furniture market are Hettich, Blum, Grass, ASSA ABLOY, Simonswerk GmbH, Hafele, FGV, Dorma, Spectrum Brands, Inc., DTC, Hager Companies, Ferrari, SH-ABC, Topstrong, Archie, Kingslide, ITW Proline, Zoo Hardware.
The hinge for furniture 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 Hinge for Furniture 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 Hinge for Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hinge for Furniture 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 Hinge for Furniture 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 Hinge for Furniture Market Size & Forecast, 2018-2028
4.5.1 Hinge for Furniture Market Size and Y-o-Y Growth
4.5.2 Hinge for Furniture Market Absolute $ Opportunity
Chapter 5 Global Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Type
5.2.1 Cold Rolled Steel Material
5.2.2 Stainless Steel Material
5.2.3 Solid Brass Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hinge for Furniture 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 Hinge for Furniture 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 Hinge for Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Type
9.6.1 Cold Rolled Steel Material
9.6.2 Stainless Steel Material
9.6.3 Solid Brass Material
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 Hinge for Furniture Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
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 Hinge for Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Type
10.6.1 Cold Rolled Steel Material
10.6.2 Stainless Steel Material
10.6.3 Solid Brass Material
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 Hinge for Furniture Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
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 Hinge for Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Type
11.6.1 Cold Rolled Steel Material
11.6.2 Stainless Steel Material
11.6.3 Solid Brass Material
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 Hinge for Furniture Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
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 Hinge for Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Hinge for Furniture 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 Hinge for Furniture Market Size Forecast by Type
12.6.1 Cold Rolled Steel Material
12.6.2 Stainless Steel Material
12.6.3 Solid Brass Material
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 Hinge for Furniture Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
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) Hinge for Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hinge for Furniture 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) Hinge for Furniture Market Size Forecast by Type
13.6.1 Cold Rolled Steel Material
13.6.2 Stainless Steel Material
13.6.3 Solid Brass Material
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) Hinge for Furniture Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
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 Hinge for Furniture Market: Competitive Dashboard
14.2 Global Hinge for Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hettich
14.3.2 Blum
14.3.3 Grass
14.3.4 ASSA ABLOY
14.3.5 Simonswerk GmbH
14.3.6 Hafele
14.3.7 FGV
14.3.8 Dorma
14.3.9 Spectrum Brands, Inc.
14.3.10 DTC
14.3.11 Hager Companies
14.3.12 Ferrari
14.3.13 SH-ABC
14.3.14 Topstrong
14.3.15 Archie
14.3.16 Kingslide
14.3.17 ITW Proline
14.3.18 Zoo Hardware
