The global door handles market is growing at a decent pace and is set to register around 4% CAGR during 2023-28, primarily on the back of the exponentially rising population levels worldwide, i.e., amplifying the need for developing more & more residential complexes, coupled with the flourishing commercial sector on account of the increasing construction of offices, shopping malls, airports, & hospitals. The increasing number of commercial buildings worldwide is resulting in the burgeoning production of doors & windows, i.e., augmenting the demand for door handles.
Moreover, the growing demand of the rapidly rising population for fashionable & trendy door handles owing to their improving disposable incomes is another prominent aspect driving the market. With a strong focus on functionality, aesthetics, & durability, several companies have established themselves as key players in this industry. Let’s learn about those companies and their noteworthy developments.
Assa Abloy: Assa Abloy is a prominent company in the door handles market, offering a wide range of door-opening solutions. The company has a strong global presence and operates through various brands, including Yale, HID Global, and Mul-T-Lock. Assa Abloy focuses on innovation and has introduced keyless entry systems and smart locks that integrate with mobile devices. They have also incorporated advanced security features, such as biometric authentication and remote access control, providing enhanced convenience and security to users.
Allegion: Allegion is another major player in the door handles market, specializing in security products and solutions. The company offers a diverse portfolio of brands, including Schlage, Von Duprin, and LCN. Allegion has been actively developing innovative door handle solutions, including electronic access control systems and wireless security technologies. They have also introduced touchless door handle options, catering to the growing demand for hygienic solutions in public spaces.
Spectrum Brands Holdings: Spectrum Brands Holdings is a global consumer products company that operates in various sectors, including home improvement and hardware. Their hardware and home improvement division, which includes brands like Kwikset and Baldwin, provides a range of door handle solutions. Spectrum Brands has focused on incorporating advanced technologies into their products, such as fingerprint recognition and wireless connectivity, allowing users to control and monitor access remotely.
Dormakaba: Dormakaba is a leading provider of access control and security solutions, including door handles and locks. The company offers a comprehensive range of products suitable for various applications, from residential to commercial settings. Dormakaba has invested in the development of intelligent door handle solutions that integrate with access control systems, enabling keyless entry and centralized monitoring. They have also focused on sustainability by incorporating eco-friendly materials and manufacturing processes.
HOPPE: HOPPE is a renowned manufacturer of door and window hardware, including door handles. The company is known for its high-quality craftsmanship and design aesthetics. HOPPE offers a wide range of door handle styles, finishes, and materials to cater to diverse customer preferences. They have emphasized ergonomics and ease of use in their designs, ensuring that their door handles provide a comfortable grip and smooth operation.
Emtek: Emtek is a company that specializes in decorative door hardware, including door handles. They are known for their extensive range of unique and customizable designs that allow customers to create personalized and stylish door handle solutions. Emtek has focused on providing high-quality materials, finishes, and craftsmanship to ensure durability and aesthetic appeal.
Hafele: Hafele is a global company that offers a wide range of architectural and furniture hardware solutions, including door handles. They provide both functional and decorative door handle options suitable for residential and commercial applications. Hafele has introduced innovative door handle designs, such as concealed handles and minimalist styles, catering to modern architectural trends.
With urbanization at its peak, the construction industry & housing markets, especially in developing regions like Asia-Pacific and the Middle East & Africa, are experiencing significant growth, i.e., leading to an increased demand for door handles for new residential & commercial buildings. The companies cited above have demonstrated their commitment to innovation, functionality, & design.
Their recent developments, such as keyless entry systems, smart locks, touchless options, and eco-friendly materials, indicate the evolving needs & preferences of customers worldwide. With a strong focus on security, convenience, & aesthetics, these enterprises are set to shape the future of the door handles market and provide customers with a wide range of options to enhance the functionality & appearance of their doors.