The global window handle market size is expected to grow steadily throughout the forecast period. Windows are an essential part of these buildings which make the task of living in an enclosed space possible as it provides ventilation and visual communication with the external world whenever desired. The opening of windows is necessary to permit the circulation of fresh are and the closing of windows is necessary to maintain the temperature of the interior part of the building and to keep it dust free. Window handles are the attachments to the window frame that serve the function of closing and opening the windows. Window handles are attached during manufacturing of new windows or retrofitting work. The wide range of variety of the window handles with respect to material, color, texture, operation, and design contributed to the growth of window handles industry. With the increasing urbanization, the number of buildings for human habitat, work services are ever increasing; thus, driving the demand for window handles and being a major driving force for the growth of the window handle market.
Window handles are a basic necessity, which permit proper ventilation of air according to the requirement. Increasing temperature in metropolitans has made window handles a must to keep the interior spaces of the building comfortable. The rise in the number of residential and commercial building had also given rise to problems such as high energy consumption. By occasional opening and closing of windows the necessity of air conditioning can be reduced. The rising demand for residential and commercial buildings the primary factor for the rapid growth of window handle market in the forecast period.
COVID-19 Impact analysis
- COVID-19 pandemic has shut-down the production of various products in the window handless industry attributed to the lockdown in countries worldwide. This has hampered the growth of window handles from the last few months and is likely to continue during 2021.
- COVID-19 had affected the sales of window handles in the second quarter of 2020 as the demand of window handles witnessed a steep decrease due to restrictions in construction activities. Major players in the real estate industry decreased the construction of residential and commercial buildings in the wake of reducing demand because of COVID-19.
- The major demand for window handles was previously noticed from countries including the U.S., China, the UK, Germany, France, and India which are negatively affected by the spread of the COVID-19, thereby decreasing the demand for window handles.
- The decrease in income due to COVID-19, directly affected the spending of masses thud decreasing the demand for COVID-19.
- COVID-19 pandemic also negatively affected the window handle manufacturing units due to the restrictions laid on factory operations. Window handle manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Window handle manufacturers can afford declining sales only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
Top Impacting Factors
As the number of developing countries increase, the demand for residential and commercial buildings has increased significantly which is a major driving force for the window handle market. The wide range of materials, colours, textures and styles available in window handles act as an attracting factor for potential customers. Increasing demand of work spaces as well as hotels and other social buildings will continue to drive the demand for window handles in the forecast period. The window handles provide access to an emergency exit during emergencies such as fire or gas leak. Additional features such as auto locking and safety and a sense of luxury to the users. The increasing costs of raw materials and the uncertainties in the real estate market are the restraints to the growth of window handle market. The increasing popularity of interior designing and smart homes will continue to positively influence the growth of window handles market.
- The rapid growth of residential and commercial buildings in emerging economies of Asia-Pacific region is expected to exponentially drive demand in the window handle industry on the account necessity and easy usability.
- As major Middle Eastern countries concentrate on developing the tourist industry, resulting in the large number of hotels and resorts has been a driving factor for the demand of superior window handles considerably.
- The key players of the industry are also focusing on developing window handles that can be effortlessly installed by the end user without the requirement of a professional.
- Aluminum with its aesthetical appearance, light weight and durability is now gaining more and more popularity as a window handle material.
Key Benefits of the Report
- This study presents the analytical depiction of the window handle 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 window handle market share.
- The current market is quantitatively analyzed to highlight the mobile window handle market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed window handle market analysis based on competitive intensity and how the competition will take shape in coming years.
Window Handle Market Report Highlights
By End User Industry
By Business Type
Key Market Players
Karcher Design, Pasini - P.I., SchlegelGiesse – Giesse S.p.A., Metales la Estrella, S.L, Sama Monaco, SALICE PAOLO Srl, UTENSIL LEGNO S.r.l, BRIALMA S.r.l., Fapim S.p.A, WEST Inx