Exploring Door Handles Market Opportunity, Latest Trends, Demand, and Development By 2028- MarkNtel Advisors

 According to Markntel Advisors Report, Door Handles Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Global Door Handles Market Research Report & Summary:

The Global Door Handles Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28.   

Time Period Captured in the Report:

·         Historical Years: 2018-21

·         Base Years: 2022

·         Forecast Years: 2023-2028

Who are the Key Players Operating in the Door Handles Market?

The top companies of the Door Handles Market ruling the industry are: 

The Häfele Group, Assa Abloy AB, Aarkay Vox, Kuriki Manufacture Co., Hoppe Holding AG, Ace Hardware Corporation, Emtek Products Inc., Sugatsune America, Inc., West Corporation, Allegion Plc, Latham’s Steel Security Doors, Schlage, Baldwin Hardware, Archello, Door Handle Company

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Recent Developments in the Global Door Handles Market

·         In June 2022, Assa Abloy AB launched Urban, a new range of state-of-the-art, high-performance handles. Tested according to the EN1906:2015 standard, this new range of handles has an eye-catching look that perfectly fits the surroundings they design while ensuring great performance for day-to-day use with high levels of durability.

The Door Handles Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Type

-Lever Handles

-Door Knobs

-Sliding Door Handles

-Pull Handles

-By Application

-Residential

-Commercial

-Industrial

-Others

-By Material

-Metal

-Plastic

-Fiber

-Others

-By Distribution Channel

-Online

-Offline

-By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Door Handles Market:

Rapid Urbanization owing to Lifestyle Changes & Rising Income Levels - The increasing urbanization worldwide owing to improving disposable incomes of people and lifestyle changes is the prime aspect projected to drive the Global Door Handles Market during 2023-28. The rapidly growing urban population is resulting in cheaper unit costs for numerous services & infrastructure, along with ever-increasing number of large cities, i.e., augmenting the construction of doors & windows and, consequently, door handles.

Rapidly Rising Installation of Manual Revolving Doors after the Covid-19 pandemic - Manual revolving doors do not need handles and are found mostly on university campuses, government buildings, etc. However, after the advent of Covid-19, such doors are being increasingly installed in more & more public places like office buildings, composite apartments, community halls, public dorms, and most importantly, hospitals, as the transmission of contagious diseases through door handles is relatively higher. Hence, the ever-increasing use of doors with manual mechanisms is hampering the demand for regular doors, i.e., the most prominent aspect projected to hinder the growth of the Global Door Handles Market during 2023-28.

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Why Markntel Advisor Report?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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