Hardware Market Report 2026

The hardware market size has grown steadily in recent years. It will grow from $114.87 billion in 2025 to $119.38 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to growing construction and furniture manufacturing activities, rising automotive production, increasing urbanization and infrastructure development, rising consumer awareness on durable hardware, expansion of industrial and safety hardware applications.

The hardware market size is expected to see steady growth in the next few years. It will grow to $143.99 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing adoption of smart and connected hardware, growing demand for eco-friendly and sustainable hardware solutions, rising aftermarket hardware upgrades, expansion of residential and commercial construction, increasing integration of hardware with digital technologies. Major trends in the forecast period include rising demand for smart furniture hardware, increasing adoption of motor vehicle hardware upgrades, growing use of builder's hardware in construction, rising focus on durable and corrosion-resistant hardware, increasing implementation of safety and industrial hardware solutions.

Metal consumption in the aerospace sector is projected to rise during the forecast period, driving the growth of the hardware manufacturing market. This increase is primarily due to the surge in air travel, which is fueling higher demand for commercial airplanes. For example, in June 2025, Eurometal, a European steel association based in Luxembourg, predicted that apparent steel consumption in the EU would grow by 3.4% to reach 132 million tonnes in 2026. As a result, metal consumption by the aerospace sector is expected to significantly boost the hardware manufacturing market.

Key players in the hardware market are concentrating on technological advancements, exemplified by the introduction of the Guardware Cleanroom Hardware brand, which aims to improve the quality and reliability of equipment used in controlled environments. The Guardware Cleanroom Hardware brand focuses on delivering high-quality equipment and accessories specifically designed for cleanroom applications. For instance, in August 2024, Guardtech Group, a U.K.-based company specializing in cleanroom technology and solutions for various sectors, launched the Guardware Cleanroom Hardware brand. This initiative is intended to enhance the company's current offerings and provide its clients with elite-level products. The new brand will offer a variety of items, including stainless steel furniture, lab-grade equipment, laminar flow units, and biosafety cabinets, among others.

In December 2025, Intel Corporation, a US-based provider of semiconductor chips, processors, and related computing technologies, joined forces with Tata Group to enhance its local manufacturing and packaging capabilities in India. Through this partnership, Intel and Tata aim to strengthen Intel’s market presence and supply chain for domestic markets, while also tapping into Tata’s broad business expertise to support growth in electronics manufacturing. Tata Electronics Private Limited, part of the India-based Tata conglomerate, has a diverse range of business interests, including automotive, IT services, industrial manufacturing, and electronics.

Major companies operating in the hardware market report are Assa Abloy AB, Allegion PLC, Dormakaba Holding AG, Blum Inc., Hafele GmbH & Co KG, Hettich Holding GmbH & Co. oHG, Godrej Enterprises Group, Guangdong KinLong Hardware Products Co Ltd, Amerock, Emtek, Siegenia-Aubi KG, Schlage Lock Company LLC, Tyman PLC, Johnson Bros Roll Forming Co, Gem Manufacturing Co, MISUMI Group Inc., Stanley Black & Decker Inc., Nakanishi Metal Works Co Ltd, Sugatsune Kogyo Co Ltd, ASSA ABLOY Entrance Systems, Fapim SpA, Salice Srl.

Asia-Pacific was the largest region in the hardware market in 2025. Western Europe was the second-largest region in the hardware market. The regions covered in the hardware market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hardware market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The hardware market consists of sales of electronical hardware, computer hardware, and device hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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