Door Handles Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Key Insights

The size of the Door Handles Market was valued at USD 9.13 USD Billion in 2023 and is projected to reach USD 12.10 USD Billion by 2032, with an expected CAGR of 4.1 % during the forecast period.  Door handles can be classified as parts of a door that are used for opening or closing the door. It is available in many types such as the lever handles, the knob handles, the pull handles among others. Lever handles are also common because of their functionality and comfort that fit different types of buildings, especially offices. Round and chamfered knobs are common in traditional designs; they look like classic ones, but their use makes their operation more difficult. Normally, pull handles are installed on doors that are very large or those which are used quite often. As discussed with the various doors, some of the key aspects of door handles are material, door handle finishes, and locks. It is used in homes, offices, and other public places, been designed to complement functionality with elegance. 

Door Handles Trends

• Increasing demand for smart home devices: Smart door handles allow users to control access to their homes remotely, track who comes and goes, and receive notifications about suspicious activity.
• Rising popularity of touchless technologies: Touchless door handles reduce the spread of germs and bacteria, making them an attractive option for healthcare facilities, schools, and other public spaces.
• Growing preference for stylish and durable door handles: Homeowners and businesses are increasingly opting for door handles that complement their interior design and withstand long-term use.

Driving Forces: What's Propelling the Door Handles Market

• Growing construction and remodeling activities
• Increasing urbanization and population density
• Rising disposable incomes and consumer spending
• Technological advancements and innovation in door handle designs
• Growing awareness of home security and safety

Challenges and Restraints in Door Handles Market

• Competition from low-cost manufacturers: Door handles from emerging markets pose a significant challenge to established brands.
• Fluctuating raw material prices: Metal and plastic prices can impact the production costs and profitability of door handle manufacturers.
• Lack of skilled labor: The labor-intensive nature of door handle manufacturing can lead to shortages of skilled workers.

Emerging Trends in Door Handles

• Biometric door handles: Biometric door handles use fingerprint or facial recognition technology to provide secure and convenient access control.
• Integrated door handles: Door handles are increasingly being integrated with other home automation systems, such as smart locks and intercoms.
• Customization and design: Consumers are demanding door handles that match their personal style and preferences, leading to a growing trend towards customizable and designer door handles.

Growth Catalysts in Door Handles Industry

• Government regulations and building codes: Regulations and codes related to safety, security, and accessibility are driving the demand for door handles that meet specific standards.
• Rising environmental consciousness: Sustainable door handles made from recycled or environmentally friendly materials are becoming increasingly popular.
• Technological advancements: Advancements in materials science and manufacturing techniques are improving the durability, security, and aesthetics of door handles.

Market Segmentation: Door Handles Analysis

Material:

• Metal
• Plastic

Type:

• Lever Handles
• Door Knobs
• Others

Application:

• Residential
• Commercial

Distribution Channel:

• Online
• Offline

Leading Players in the Door Handles Market

• Sugatsune America, Inc.
• Emtek Products Inc.
• Assa Abloy AB
• The Häfele Group
• Hoppe Holding AG
• Ace Hardware Corp.
• Kuriki Manufacture Co.
• Allegion Plc
• West INX Ltd.
• Aarkay Vox

Significant developments in the Door Handles Sector

• Assa Abloy acquired Dormakaba, a leading provider of access control and security solutions, in 2019.
• Emtek Products Inc. launched its new line of Antimicrobial Door Handles in 2020, which are designed to inhibit the growth of bacteria and viruses.
• Yale Home, a subsidiary of Allegion, introduced its Smart Door Lock with Touchscreen in 2021, which allows users to lock and unlock their doors remotely and monitor who comes and goes.

Comprehensive Coverage Door Handles Market Report

The comprehensive Door Handles Market Report provides detailed insights into the market dynamics, trends, competitive landscape, and growth prospects. It offers a comprehensive analysis of the market segmentation, key players, and emerging technologies shaping the industry.

Regional Insight

The Door Handles Market is expected to grow significantly in regions with high construction and remodeling activities, such as North America, Europe, and Asia-Pacific. Emerging markets in the Middle East and Africa are also expected to offer growth opportunities for door handle manufacturers.

Consumer Side Analysis

Consumers are increasingly looking for stylish, durable, and secure door handles that complement their home decor and meet their security needs. They are also becoming more aware of the benefits of smart and touchless door handles, which provide convenience and peace of mind.

Acqui-Merger

• Assa Abloy acquired Dormakaba in 2019, strengthening its position in the access control and security market.
• Legrand acquired PHG (Professional Hardware Group) in 2020, expanding its portfolio of electrical and digital building infrastructure solutions.

Acqui-Merger

• Allegion acquired CISA, a leading manufacturer of security products, in 2019.
• Stanley Black & Decker acquired Kwikset, a global leader in door hardware, in 2020.