US Market for Builders and Cabinet Hardware to Reach US$4.9 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive US report on Builders’ and Cabinet Hardware market. The US market for Builders’ and Cabinet Hardware is projected to reach US$4.9 billion by the year 2017, with market demand in tandem with the performance of the cabinet, window and door markets and the overall revival of the construction industry, inclusive of new construction as well as repair and improvement markets. The builder hardware sector will witness growth due to rise in demand for safety devices such as locks and other related security products.

Builders and Cabinet Hardware: A US Market Report

Follow us on LinkedIn – Demand for builders’ and cabinet hardware generally follows the trends in the cabinet, door and window market and the overall construction industry, encompassing new construction as well as repair and improvement markets. With the end-users’ appetite for aesthetically rich architectural hardware for windows and doors burgeoning, hardware manufacturers are continuously on lookout for new materials, shapes, styles and designs to satisfy their variety-seeking clientele. With a history of over two centuries, the market for builders’ and cabinet hardware is characterized by intense competition, single digit sales growth and aging product life cycles. Nevertheless, the industry is a typical example of a ‘traditional industry’, with most of the builders’ hardware categories such as locks still not significantly affected by the wave of technological developments. The United States represents the most significant and well developed worldwide market for Builders and Cabinet Hardware. Holding a lion’s share in the total US Builders’ and Cabinet hardware market, the construction contractors are the most dominant end-user class, followed by Door & Window manufacturers. The growing popularity of Do-It-Yourself- (DIY) and Buy-It-Yourself concepts is expected to transform the households into a potential end-user for builders’ and cabinet hardware.

The Builder Hardware sector which is the largest segment of the market, is expected to witness moderate growth buoyed by rising demand for safety devices such as locks. The builder hardware sector is expected to witness modest growth due to a rise in demand for safety devices such as locks. Demand for locks is expected to grow, primarily due to revival in the home construction sector in the US, with electromechanical locks likely to surge at a comparatively faster rate than the traditionally used locks. Lock makers in China and Hong Kong are experimenting with new materials such as porcelain and special woods such as pine to develop innovative locking devices for changing needs.

Cabinet Hardware is emerging as a highly lucrative market, with major demand emanating from the Do-it-Yourselfers (DIYs). With newer styles and designs becoming the order of the day, the retailers are stocking up their outlets with the latest decorative hardware to match up to the changing customer preferences. Oil-rubbed bronze and satin nickel represents the most desired cabinet hardware finishes. Nevertheless newer finish options such as antique pewter, chrome and rust are also gaining ground. Retailers in trendy or higher-end markets are more likely to stock these newer finishes, while the other retailers might choose to offer them only on demand.

Worldwide, Europe and North America represent major markets for locking devices, with Europe overtaking North America in terms of market share. The locking devices segment captures the largest share in the US builders’ and cabinet hardware market. Security and safety devices markets across the world are driven by traditions and attitudes prevalent in different countries and continents. Developing markets such as Asia and Latin America have few strong local players or brand names to their credit and these markets closely follow the standards and trends originating in Europe and North America. In northern European regions such as Germany and Scandinavia demand for security devices mainly emanates from insurance companies and police. With innovative styles and brighter finishes becoming the order of the day, lock makers in China are dressing up their exports with traditional designs in gold or dark colors to appeal to the US and European markets.

Major players profiled in the report include Ashland Hardware Systems, Assa Abloy AB, CompX International Inc., DORMA GmbH & Co., KG, Hickory Hardware, Ingersoll-Rand Company Limited, Kaba Holding AG, Lupus Capital Plc, Masco Corporation, Miwa Lock Co., Ltd., Rockwood Manufacturing Company, Security Door Controls, Stanley Black & Decker Inc., and Sugatsune America Inc., among several others.

The research report titled “Builders and Cabinet Hardware: A US Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the US Builders’ and Cabinet Hardware market, impact of recession on the market, current market trends, recent product launches, strategic corporate initiatives, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for the years 2009 through 2017 for the US market. Key product segments analyzed include Builders' Hardware (Door Locking Devices, Door Hinges and Closers, Window Hardware, and Other Builders' Hardware), and Cabinet Hardware (Cabinet Locks, Cabinet Knobs Pulls and Catches, Cabinet Hinges, and Other Cabinet Hardware). The report also presents a value-add analytical perspective of the global Locking Devices market in dollar terms for the geographic markets, North America; Germany; Japan; UK; France; Italy; Russia; Spain and Colombia.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Builders_and_Cabinet_Hardware_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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