Market Overview:
The global hinges for furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, rising demand for customized furniture, increasing disposable income of consumers and growing awareness about ergonomics. In terms of type, the steel segment is expected to dominate the global hinges for furniture market during the forecast period 2018-2030. This can be attributed to its properties such as durability and strength. In terms of application, household segment is expected to dominate the global hinges for furniture market during the forecast period 2018-2030 owing to increase in residential construction activities across different regions.
Product Definition:
A hinge is a type of joint that connects two or more objects together, allowing them to rotate around a common point. Hinges are commonly used in furniture, where they allow the door to open and close.
Steel:
Steel is one of the important raw materials used in the manufacturing of hinges for furniture. Hinges are widely used in wooden and metal furniture to hold doors, drawers, cabinets and other such items. The growth factor for steel in hinges is approximately 2.0; this can be mathematically proved by observing that a 10% increase in weight will roughly double the strength (in tension) of a hinge.
Brass:
Brass is a copper-based alloy and consists of around 90% copper. The remaining percentage can be made up from various other metals such as zinc, tin, nickel and others. It has the ability to retain its shape even after being bent or curved which makes it suitable for use in furniture hinge applications.
The global hinges market is expected to grow at a significant rate owing to increasing demand for luxury apartments coupled with rapid urbanization over the forecast period.
Application Insights:
The commercial application segment held the largest share of more than 70.0% in 2017. The growth can be attributed to the increasing construction activities for new offices, shops and malls across various regions including North America and Europe. For instance, according to a study conducted by Colliers International in 2018, it is estimated that around 575 million square feet of office space will be constructed by 2019 globally. This development will lead to increased demand for door hardware over the next few years which is expected to fuel industry expansion further.
Household application segment is projected register a CAGR of XX%, in terms of revenue from 2018 to 2030 owing to rising purchasing power among middle-class income groups across various regions including Asia Pacific and Middle East & Africa which has resulted in increased spending on home furnishing items such as chairs and tables along with other decorative accessories such as lamps and shelves.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities in developing countries such as China, India, and Japan. In addition, rising number of households due to growing population is also expected to drive demand for door hinges in this region.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to high product penetration across various applications such as household and commercial buildings. Countries including Germany, France, Italy are among the major consumers of these products owing to their well-established manufacturing industry coupled with high preference for wooden furniture products over metal furniture products.
Growth Factors:
- Increasing demand for furniture owing to rising disposable income of consumers.
- Rapid urbanization and growing population, especially in the developing countries, is propelling the demand for furniture, which in turn is fueling the growth of hinges market.
- Technological advancements in hinge manufacturing processes that are resulting in development of new and innovative products is aiding the growth of this market.
- Rising awareness about ergonomics and its benefits is prompting consumers to opt for furniture with adjustable hinges, thereby driving the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hinges for Furnitures Market Research Report
By Type
Steel, Brass, Aluminum
By Application
Household, Commercial
By Companies
Blum Inc, Hettich, ASSA ABLOY, Accuride, Hafele, GRASS, Taiming, Formenti & Giovenzana S.p(FGV), Allegion, Spectrum Brands Holdings (HHI), Salice, King Slide Works Co. Ltd, The J.G. Edelen, Yajie
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Hinges for Furnitures Market Report Segments:
The global Hinges for Furnitures market is segmented on the basis of:
Types
Steel, Brass, Aluminum
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
Household, Commercial
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:
- Blum Inc
- Hettich
- ASSA ABLOY
- Accuride
- Hafele
- GRASS
- Taiming
- Formenti & Giovenzana S.p(FGV)
- Allegion
- Spectrum Brands Holdings (HHI)
- Salice
- King Slide Works Co. Ltd
- The J.G. Edelen
- Yajie
Highlights of The Hinges for Furnitures 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:
- Steel
- Brass
- Aluminum
- By Application:
- Household
- Commercial
- 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 Hinges for Furnitures 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?
Hinges are used on furniture to allow it to open and close.
Some of the major players in the hinges for furnitures market are Blum Inc, Hettich, ASSA ABLOY, Accuride, Hafele, GRASS, Taiming, Formenti & Giovenzana S.p(FGV), Allegion, Spectrum Brands Holdings (HHI), Salice, King Slide Works Co. Ltd, The J.G. Edelen, Yajie.
The hinges for furnitures market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hinges for Furnitures 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 Hinges for Furnitures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hinges for Furnitures 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 Hinges for Furnitures 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 Hinges for Furnitures Market Size & Forecast, 2020-2028
4.5.1 Hinges for Furnitures Market Size and Y-o-Y Growth
4.5.2 Hinges for Furnitures 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 Steel
5.2.2 Brass
5.2.3 Aluminum
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hinges for Furnitures 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 Hinges for Furnitures 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 Steel
9.6.2 Brass
9.6.3 Aluminum
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 Household
9.10.2 Commercial
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 Steel
10.6.2 Brass
10.6.3 Aluminum
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 Household
10.10.2 Commercial
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 Steel
11.6.2 Brass
11.6.3 Aluminum
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 Household
11.10.2 Commercial
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 Steel
12.6.2 Brass
12.6.3 Aluminum
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 Household
12.10.2 Commercial
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 Steel
13.6.2 Brass
13.6.3 Aluminum
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 Household
13.10.2 Commercial
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 Hinges for Furnitures Market: Competitive Dashboard
14.2 Global Hinges for Furnitures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blum Inc
14.3.2 Hettich
14.3.3 ASSA ABLOY
14.3.4 Accuride
14.3.5 Hafele
14.3.6 GRASS
14.3.7 Taiming
14.3.8 Formenti & Giovenzana S.p(FGV)
14.3.9 Allegion
14.3.10 Spectrum Brands Holdings (HHI)
14.3.11 Salice
14.3.12 King Slide Works Co. Ltd
14.3.13 The J.G. Edelen
14.3.14 Yajie
