Door Handles Market

Door handles are attached to the door and helps open and close the door smoothly. Increase in demand for fashionable door handles is expected to fuel the growth of the door handles market. The companies are manufacturing door handles with improved design, pattern, and material to give a rich aesthetic look to the infrastructure. With the increase in construction of residential, commercial, and industrial sectors, the demand for door handles is rising. The shifting of consumer preference from ornate fittings to contemporary fitting is forcing manufacturers to introduce door handles in sleek and compact designs. Knob style door handle is getting acceptance in the customers as they are compact and comes in various geometric shapes and patterns to suit every kind of infrastructure. The impact of the COVID-19 pandemic harmed the door handles market, as the demand for door handles have decreased during this time.

COVID-19 Impact Analysis

• Countries had to enforce lockdown that halted the progress of constructions of new properties and households due to the outbreak of the COVID-19 pandemic. This has also hampered the demand for door handles. The door handle manufacturing companies saw a dip in production as sufficient workers were not available to continue the production process.
• The disruption in the distribution channel was the prime cause as adequate raw materials couldn't reach the industries for production; the delivery of finished products to the procuring companies was not possible.
• Consumers had shifted their interest toward essential goods and had no requirement for door handles during the lockdown period. It is expected post lockdown the demand will rise as the construction of the properties will start to operate.

Top Impacting Factors

• In the pre-COVID era, the construction of properties, commercial complexes was in full force. This factor induced the need for door handles in bulk quantities and of different designs as required. The sales of new homes, changing of lifestyle, high disposable income, rapid urbanization, and improvement in the standard of living are supporting the growth of the door handles market. Currently, consumers are focused on fulfilling their necessities rather than opting for a premium door handle for decoration.
• The growth of online sales of the door handle market is increasing than brick and mortar stores. The proper transparency of prices is the reason that is encouraging the consumer to proceed with online purchase. In this current era, consumers are shifting toward online shopping for their convenience as they lack adequate time to move outdoor for shopping. Better transparency in product details on e-commerce sites price will encourage the customer to buy online. Companies are trying to innovative ways to reach customers online and act accordingly to the requirement.

Market Trends

Improvement of lifestyle and urbanization leads to a surge in demand

The increase in the sale of homes, an adaptation of urban culture, and recognition of the need for stylish door handles are increasing the growth of the door handles market. Companies are bringing innovations into the limelight that is expected to match the existing wants and requirements of the customers. Hotel industries are adapting to transform the ambience for the guests with a royal touch, as they are mainly focusing on the installation of brass metal door handles as they offer a shiny artistic look to the interior and exterior doors of the infrastructure.

Knob style door handles are gaining popularity in the market

Knob style door handles are gaining popularity among customers due to their compact structure and availability of different designs for different infrastructure. Some of the designs trending in the market are polished nickel, matte textured brass and bronze, crystal, and satin that comes in various geometrical shapes. Customers are approaching the companies with their designs to process the door handles according to their requirements. The consumer's demand for customized and sleek designed door handle will help to grow the door handles market in future.

Key Benefits of the Report

• This study presents the analytical depiction of the door handles industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the door handles market share.
• The current market is quantitatively analyzed to highlight the door handles market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed door handles market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

• Who are the leading market players active in the door handles market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Door Handles Market Report Highlights