Door Handles Market Size, Share, and Trends Analysis By Material (Metal and Plastic), By Type (Lever Handles, Door Knobs, and Others), By Application (Residential and Commercial), By Distribution Channel (Online and Offline), and Regional Forecast, 2024-2032

Door Handles are the lever or the knobs that help in the opening and closing of the door smoothly. It can be of different sizes, shapes, colors, and other factors depending on the need, which includes interior and exterior doors. The door handle market is driven by increased spending power for rich aesthetics interiors. Increasing interest in theme-based interior and decorative aesthetics in real estate with high spending power drives the market.

An increase in the fast growth of real estate will also act as a driving factor for the door handle market. Infrastructural development at a high rate, including commercial, household, and industrial segments, will increase the demand for door handles globally.

• For instance, according to Savills data is a real estate advisory firm, the value of all the world's real estate reached $326.5 trillion in 2020, a 5% increase on 2019 levels which is the highest record.

Impact of COVID-19 on the Door Handle Market

The impact of  COVID-19 was negative on the door handles market as the global supply chain disruption and closure of production sites and logistic operations have resulted in a significant drop in market value during the pandemic.

• For instance, According to the annual report 2020 of Assa Abloy AB, sales have decreased by 7% due to the negative effect of covid 19 on the supply chain, logistics, and exchange rate


• For instance, According to the annual report for 2020 of  the Häfele Group, revenue declined 7.3 percent down to 1.39 billion Euro in 2020

For the first time, real estate has faced a considerable decline in revenue while declining at a fast rate, which directly affected the door handle market for residential and commercial infrastructure. The construction of new properties was paused because of covid rules and restrictions, which significantly impacted the door handle market.

Key Insights

The report will cover the following Key Insights:

• Drivers, restraints, and opportunities prevailing in the market


• Impact of COVID-19 on the door handle market


• Key Development and Launches by major key players in the door handle market


• Overview of real estate and interior design Industry - For Key door handle Products

Analysis by Type

The lever segment is expected to lead the door handle market because of its compact design, durability, and ease of use. The lever product segment is the most preferred type of door handle by consumers as it has no complication with the functioning. Key players, such as Hoppe Holding AG, Emtek Products Inc., Kuriki Manufacture Co., and others, offer different designs and colors. The features offered by the manufacturers are according to the interior's theme and the consumer's needs, driving the demand for the level door handle.

Analysis by Material

The metal segment is expected to grow in the door handle market as the metal material are more substantial than plastic materials, because of which the durability of door handles increases. Additionally, the design flexibility of the product also increased at the same time and are more preferred in terms of the security of the properties

Analysis by Application

The residential segment is expected to grow for the door handle market during the forecasted period. As the number for residential housing property demand is increasing globally, which will accelerate the demand for the door handle in the market

• For instance, according to the data of the U.S. Census Bureau, HUD, on November 2022, the sales of new single‐family residentials in October 2022 increased at an annual rate of 632,000.

Analysis by Distribution Channel

The offline segment is projected to dominate the distribution channel as the door handles are the long-period purchase for the security of the property. Consumers prefer the offline component, such as specialty stores, to match the property's themes and need with the door handle's type and material. People avail advantages on door handles such as warranty and guarantee when purchased offline.

Regional Analysis

Asia Pacific is expected to dominate the door handle market because of the high demand for properties and the high infrastructural development rate in Asian countries. According to India  Brand Equity foundation data on august 2022,  India is expected to become the world's third-largest construction market by 2022. Additionally, demand for residential properties has surged due to urbanization and rising household income.These factors will act as the market driver and boost the demand for door handles in the Asian market.

• For instance, according to the Asian Development Bank, the Asian region has acquired major complex technologies to produce more sophisticated goods and adopt the same such as electric appliances, vehicles, computers, smartphones, and machine tools.


• For Instance, according to India  Brand Equity foundation(I.B.E.F) India's real estate sector is expected to touch a US$ 1 trillion market size by 2030, accounting for 18-20% of India's GDP

Key Players Covered

The report will include the profiles of key players, such as 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

Segmentation

Key Industry Developments

• On June 2021, Sugatsune America Inc. collaborated with Natali Alexander(a famous interior designer) to launch the all-new seamless door handles with the product under "Natali Alexander design."


• On August 2022, The Häfele Group  launched a new door handle product portfolio which is the Cornerstone collection for a designer and decorative aesthetics with sleek designs