The global hardware products for doors and windows market is expected to grow, with a sales volume of 2953837 K Units in 2024, representing a compound annual growth rate (CAGR) of 4.13% from 2024 to 2029.
1. Global Hardware Products of Doors & Windows Market Summary
The global hardware products for doors and windows market is expected to grow, with a sales volume of 2953837 K Units in 2024, representing a compound annual growth rate (CAGR) of 4.13% from 2024 to 2029.
Global Hardware Products of Doors & Windows Market Sales (K Units )
2. Market Dynamics
Drivers
With the continuous increase in the global population and the continuous improvement of people’s income levels, the residential construction market is constantly expanding. Commercial real estate covers a wide range of different building types, including office buildings, retail stores, restaurants, and undeveloped land. Essentially, it includes any type of real estate designed to generate income. With the continuous development of the social economy, the scale of the commercial construction market continues to expand. Hardware Products of Doors & Windows are must-have accessories for commercial building door and window systems. Door and window hardware can be divided into opening and closing parts, bearing parts, manipulation parts, and auxiliary parts. Through the matching and integration of the system, it serves the subsystems of the door and window system. Therefore, with the continuous expansion of the commercial construction market, the market demand for Hardware Products Doors & Windows increases.
Challenges
The Hardware Products of Doors & Windows industry is characterized by a wide range of product applications, a wide variety of products, and relatively scattered customers and orders. At the same time, with the expansion of the downstream construction market, the downstream market demand becomes larger, the industry market scale continues to expand, new entrants continue to enter the market, and the industry competition is becoming more and more intense. In this case, the Hardware Products of Doors & Windows industry market is prone to low-price competition. Hardware Products of Doors & Windows industry companies mainly use “price” and “discount” as a means of differentiation. In this case, the industry’s profit margins continue to decline. Low-price competition hurts the industry and hinders the healthy development of the industry. In addition, this situation disturbs the normal price order of the market and is not conducive to the optimal allocation of resources. In general, the fierce competition in the industry market may lead to low-price competition in the market, which will be one of the reasons for restricting the development of the industry.
3. Market Segment
By Type
Door hardware refers to the various hardware accessories used on the door. Window hardware refers to various hardware accessories used on windows. Global sales of this type will be 1263402 K Units in 2024 and the market share will be 57.23%.
With the development of the social economy and the improvement of residents’ living standards, the functions of doors and Windows are no longer limited to basic lighting, ventilation, and resistance to wind and rain, but have received more attention in terms of durability, shock resistance, safety, corrosion resistance, energy saving, environmental protection, sound insulation, appearance and so on. The realization of these properties is closely related to the design and development of door and window hardware, which promotes the development of door and window hardware to the middle and high-end market. At the same time, the enhancement of residents’ personalized awareness makes the customization of door and window hardware increasingly significant to adapt to different functional characteristics and products that are coordinated with the appearance of the building. The proposal of energy-saving goals and the release of relevant policy documents advocate the use of green building materials, reduce building energy consumption, and require the improvement of energy-saving performance requirements for key components such as building doors and Windows. The effective combination of door and window hardware system components is the key to improve the sealing performance of doors and Windows and realize energy saving. With the introduction of door and window hardware-related national standards, industry standards, and group standards, the product quality access threshold is gradually increased, and enterprises with small-scale, backward production processes and low product quality will be eliminated, to further improve the concentration of the industry. Enterprises with independent research and development design and production capacity, which can provide excellent performance and stable quality products will further consolidate and even expand their market share. With the improvement of residents’ living standards and the enhancement of personalized awareness, the home improvement door and window industry has developed rapidly, and the system doors and Windows have the advantages of non-standard customization, style diversity, functional perfection, etc., to meet the personalized needs of individual consumers in the purchase of doors and Windows.
By Application
Commercial buildings refer to hardware products of doors & windows used in office buildings, shopping malls, hotels, etc. Residential buildings refer to hardware products of doors & windows used in residential buildings’ door and window systems. Global sales of this application will be 2115203 K Units in 2024 and the market share will be 71.61%.
As the residential real estate industry enters a stage of rational and high-quality development, the demand for medium and high-end and customized products increases. Real estate companies in the high-end residential, hardcover room, improved housing areas more and more, increasing the demand for system doors and Windows, system doors and Windows on the door and window hardware in energy saving, integration, quality, and other aspects of the higher requirements, to promote the door and window hardware in the high-end. With the development of the smart home industry and the upgrading of residents’ consumption concepts, smart home products with the function of the Internet of Things have begun to enter thousands of households, and have also promoted the electrification and intelligence of system doors and Windows, bringing new growth space for the door and window hardware industry. Improved decoration brought about by the second decoration of the stock room demand, became the rapid growth of the door and window market demand source, leading to the vigorous development of the door and window hardware home improvement market.
Market Sales and Share by Segment
| Market Sales in 2024 | Market Share in 2024 | ||
| By Type | Door Hardware | 1263402 K Units | 42.77% |
| Window Hardware | 1690435 K Units | 57.23% | |
| By Application | Commercial Buildings | 838634 K Units | 28.39% |
| Residential Buildings | 2115203 K Units | 71.61% |
4. Regional Market
Asia Pacific: The market sales are prospected to be 1333286 K Units in 2024, with a market share of 45.14%.
Europe: The market sales are prospected to be 736160 K Units in 2024, with a market share of 23.68%.
North America: The market sales are prospected to be 635038 K Units in 2024, with a market share of 21.50%.
In the Asia-Pacific region, especially in China, India, and other countries, the rapid economic growth and the acceleration of urbanization have led to an increase in the demand for residential and commercial buildings, which has promoted the market demand for door and window hardware products. The large population in the Asia-Pacific region, especially China and India, the two countries have a large population base, and the demand for housing and construction continues to grow, thus providing a huge potential market for the door and window hardware market. With the improvement of living standards of residents in the Asia-Pacific region, the demand for high-quality, high-performance door and window hardware products has increased, which has promoted the expansion of the high-end door and window hardware market. The real estate market in the Asia-Pacific region, especially in China, has developed rapidly, and the construction of new homes and the renovation of old houses have a greater demand for door and window hardware products, which has promoted the growth of the market. Door and window hardware products are from low-end to high-end transformation, the Asia-Pacific region is the world’s largest door and window hardware market, and this trend is particularly obvious. In addition to China, Asia Pacific, Japan, South Korea, India, and Southeast Asia are also important markets that cannot be ignored, and the development potential of these regions is huge, providing continuous growth for the door and window hardware market. Many governments have issued a series of policies to support the development of the construction industry and manufacturing industries, while the market is open to a high degree, providing a good market environment for door and window hardware products.
Global Hardware Products of Doors & Windows Sales Share by Region in 2024
5. Market Competition
There are many players in the Hardware Products of Doors & Windows market, and the industry market concentration is low. In the whole market, brand is an important factor affecting the choice of downstream customers. Brand building has become a symbol of an enterprise’s strength and status, representing an enterprise’s ability to participate in market competition and market image. For Hardware Products of Doors & Windows industry companies, the brand is an important connotation to enhance the core competitiveness of the enterprise. Hardware Products of Doors & Windows manufacturers must cultivate their brands to win stronger and lasting development momentum. Strengthen brand building through excellent product quality, suitable price, and perfect and reliable pre-sale, in-sale, and after-sale service. Strengthening brand building will be one of the trends in the development of industry companies.
Hardware Products of Doors & Windows have a low industry threshold, simple production process, many market participants, and low market concentration. The market shares of the three major companies (Assa Abloy, Allegion, and Kin Long) are 13.94%, 3.55%, and 3.06%, respectively in 2024.
Major Players Market Share
| Major Players | Market Share in 2024 |
| Assa Abloy | 8.62% |
| Allegion | 1.98% |
| Kin Long | 3.85% |
| Tyman | 0.89% |
| Lip Hing | 3.29% |
| Roto Frank | 0.66% |
| GU Group | 0.83% |
| MACO | 0.73% |
| Siegenia | 1.01% |
| 3H Inc. | 2.86% |
| Hafele | 0.95% |
| Dormakaba | 0.85% |
| Winkhaus | 0.64% |