Published Date : 30 Sep 19 | Views: 180 | Industry : Machinery & Equipment
Wide range of Cabinet Hardware to drive the market growth
The global Cabinet Market is segregated into two segments such as by
product and by application. Based on products, the market is further segmented
into cabinet knobs, cabinet pulls, cabinet hinges, and Other. Manufacturers and
big furnishing brands are introducing a variety of cabinet hinges, pulls, and
knobs to match the changing needs of consumers. Self-closing, hidden, and soft
closing hinges are some of the Cabinet Hardware used as per the
requirement.
On the other hand, cabinet pulls are widely used as compared to cabinet
pulls because of its convenience. This may be important for people who have
difficulty using their fingers and hands such as arthritics, disabled or
elderly people. As far as applications are concerned, Cabinet Hardware Market
is divided into three segments such as commercial, residential, and Other.
Growing Population in Asia Pacific to accelerate the global Cabinet
Hardware market growth
Asia Pacific is likely to show impressive growth in the global Cabinet
Hardware market. Growing population in developing countries like China and
India and a surge in the number of residential projects are expected to upsurge
the demand for Cabinet Hardware in the global market. Rising per capita income
and spending capacity among consumers in Asia Pacific could augment the global
market growth. Additionally, a number of key players are functioning in the
Asia Pacific to unmet the demand for Cabinet Hardware, which could help the
global Cabinet Hardware market growth. Apart from Asia Pacific, Europe is also
likely to observe a faster growth in the global Cabinet Hardware market.
The global Cabinet Hardware market is majorly dominated by some of the
market participants like GRASS, Assa Abloy, Spectrum Brands Holdings (HHI), The
J.G. Edelen, Allegion, Blum, Yajie, Hettich, Salice, and Häfele.
Aesthetic appeal of Cabinet Hardware to support the overall market
growth
Home décor is a noticeable trend observed across the world and Cabinet
Hardware is the cherry on the cake while designing home. The high standard of
living and variety of home décor materials could drive the global Cabinet
Hardware market growth. Apart from this, premium quality cabinet knobs are
widely adopted by professional interior designers in order to give an aesthetic
appeal to the cabinets. Rise in the disposable income among consumers is also
bolstering the global Cabinet Hardware market growth.
Manufacturers are introducing a wide range of stylish and luxurious Cabinet Hardware, which is predicted to supplement the Cabinet Hardware market growth all over the world. Cabinet Hardware made from brass are largely adopted by consumers all over the world because of its high durability and they are easy to take care of.