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Hardware Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5238066
  • Report
  • January 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Allegion
  • Aoyama Seisakusho (Japan)
  • Assa Abloy
  • Ningbo Jiulong Fasteners
  • Spectrum Brands
Hardware Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global hardware manufacturing market as it emerges from the COVID-19 shut down.



Reasons to Purchase
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  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
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  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for hardware manufacturing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hardware Manufacturing market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hardware manufacturing market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The hardware manufacturing market section of the report gives context. It compares the hardware manufacturing market with other segments of the metal products market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hardware manufacturing indicators comparison.
Scope

Markets Covered:
1) By Type: Furniture Hardware; Motor Vehicle Hardware; Builder's Hardware; Other Hardware
2) By End User: B2B; B2C

Companies Mentioned: Allegion; Spectrum Brands; Assa Abloy; Aoyama Seisakusho (Japan); Ningbo Jiulong Fasteners

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, hardware manufacturing indicators comparison.

Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Hardware Market

What is the estimated value of the Global Hardware Market?

The Global Hardware Market was estimated to be valued at €107.00 billion in 2021.

What is the growth rate of the Global Hardware Market?

The growth rate of the Global Hardware Market is 7.5%, with an estimated value of €142.80 billion by 2025.

What is the forecasted size of the Global Hardware Market?

The Global Hardware Market is estimated to be worth €142.80 billion by 2025.

Who are the key companies in the Global Hardware Market?

Key companies in the Global Hardware Market include Allegion, Spectrum Brands, Assa Abloy and Ningbo Jiulong Fasteners.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allegion
  • Aoyama Seisakusho (Japan)
  • Assa Abloy
  • Ningbo Jiulong Fasteners
  • Spectrum Brands
1. Executive Summary

2. Report Structure

3. Hardware Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Hardware Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Hardware Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Hardware Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Hardware Market Trends and Strategies

8. Impact of COVID-19 on Hardware

9. Hardware Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market

10. Hardware Market Regional Analysis
10.1. Global Hardware Market, 2020, by Region, Value ($ Billion)
10.2. Global Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Hardware Market, Growth and Market Share Comparison, by Region

11. Hardware Market Segmentation
11.1. Global Hardware Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Furniture Hardware
  • Motor Vehicle Hardware
  • Builder's Hardware
  • Other Hardware
11.2. Global Hardware Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • B2B
  • B2C
12. Hardware Market Metrics
12.1. Hardware Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Hardware Market Expenditure, 2015-2025, Global

13. Asia-Pacific Hardware Market
13.1. Asia-Pacific Hardware Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
13.2. Asia-Pacific, Hardware Market, 2020, by Country, Value ($ Billion)
13.3. Asia-Pacific, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
13.4. Asia-Pacific, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
13.5. Asia-Pacific, Hardware Market Metrics
13.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, Asia-Pacific Countries
13.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, Asia-Pacific Countries
13.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, Asia-Pacific Countries
13.6. Asia-Pacific Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Hardware Market: Country Analysis
13.7.1. China Hardware Market
13.7.1.1. China Hardware Market Overview
13.7.1.2. China Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.1.3. China Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2. Australia Hardware Market
13.7.2.1. Australia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2.2. Australia Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Hardware Market
13.7.3.1. Hong Kong Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4. India Hardware Market
13.7.4.1. India Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4.2. India Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Hardware Market
13.7.5.1. Indonesia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5.2. Indonesia Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6. Japan Hardware Market
13.7.6.1. Japan Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6.2. Japan Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Hardware Market
13.7.7.1. Malaysia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Hardware Market
13.7.8.1. New Zealand Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Hardware Market
13.7.9.1. Philippines Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Hardware Market
13.7.10.1. Singapore Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Hardware Market
13.7.11.1. South Korea Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11.2. South Korea Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Hardware Market
13.7.12.1. Thailand Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Hardware Market
13.7.13.1. Vietnam Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

14. Western Europe Hardware Market
14.1. Western Europe Hardware Market Overview
14.2. Western Europe, Hardware Market, 2020, by Country, Value ($ Billion)
14.3. Western Europe, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Western Europe, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Western Europe, Hardware Market Metrics
14.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, Western Europe Countries
14.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, Western Europe Countries
14.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, Western Europe Countries
14.6. Western Europe Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Western Europe Hardware Market: Country Analysis
14.7.1. Austria Hardware Market
14.7.1.1. Austria Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Hardware Market
14.7.2.1. Belgium Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Hardware Market
14.7.3.1. Denmark Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. Finland Hardware Market
14.7.4.1. Finland Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. France Hardware Market
14.7.5.1. France Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. France Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Germany Hardware Market
14.7.6.1. Germany Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Germany Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Hardware Market
14.7.7.1. Ireland Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. Italy Hardware Market
14.7.8.1. Italy Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Hardware Market
14.7.9.1. Netherlands Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Norway Hardware Market
14.7.10.1. Norway Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Hardware Market
14.7.11.1. Portugal Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Spain Hardware Market
14.7.12.1. Spain Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Hardware Market
14.7.13.1. Sweden Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Hardware Market
14.7.14.1. Switzerland Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15. UK Hardware Market
14.7.15.1. UK Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15.2. UK Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

15. Eastern Europe Hardware Market
15.1. Eastern Europe Hardware Market Overview
15.2. Eastern Europe, Hardware Market, 2020, by Country, Value ($ Billion)
15.3. Eastern Europe, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Eastern Europe, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Eastern Europe, Hardware Market Metrics
15.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, Eastern Europe Countries
15.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, Eastern Europe Countries
15.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, Eastern Europe Countries
15.6. Eastern Europe Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Hardware Market: Country Analysis
15.7.1. Czech Republic Hardware Market,
15.7.1.1. Czech Republic Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Poland Hardware Market
15.7.2.1. Poland Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Romania Hardware Market
15.7.3.1. Romania Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Russia Hardware Market
15.7.4.1. Russia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4.2. Russia Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

16. North America Hardware Market
16.1. North America Hardware Market Overview
16.2. North America, Hardware Market, 2020, by Country, Value ($ Billion)
16.3. North America, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. North America, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. North America, Hardware Market Metrics
16.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, North America Countries
16.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, North America Countries
16.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, North America Countries
16.6. North America Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. North America Hardware Market: Country Analysis
16.7.1. Canada Hardware Market
16.7.1.1. Canada Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Hardware Market
16.7.2.1. Mexico Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. USA Hardware Market
16.7.3.1. USA Hardware Market Overview
16.7.3.2. USA Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3.3. USA Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

17. South America Hardware Market
17.1. South America Hardware Market Overview
17.2. South America, Hardware Market, 2020, by Country, Value ($ Billion)
17.3. South America, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. South America, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. South America, Hardware Market Metrics
17.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, South America Countries
17.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, South America Countries
17.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, South America Countries
17.6. South America Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. South America Hardware Market: Country Analysis
17.7.1. Argentina Hardware Market
17.7.1.1. Argentina Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Hardware Market
17.7.1.1. Brazil Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2.2. Brazil Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. Chile Hardware Market
17.7.3.1. Chile Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Hardware Market
17.7.4.1. Colombia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.5. Peru Hardware Market
17.7.5.1. Peru Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Hardware Market
17.7.6.1. Venezuela Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

18. Middle East Hardware Market
18.1. Middle East Hardware Market Overview
18.2. Middle East, Hardware Market, 2020, by Country, Value ($ Billion)
18.3. Middle East, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. Middle East, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. Middle East, Hardware Market Metrics
18.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, Middle East Countries
18.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, Middle East Countries
18.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, Middle East Countries
18.6. Middle East Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. Middle East Hardware Market: Country Analysis
18.7.1. Saudi Arabia Hardware Market
18.7.1.1. Saudi Arabia Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Israel Hardware Market
18.7.2.1. Israel Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Hardware Market
18.7.3.1. Turkey Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. UAE Hardware Market
18.7.4.1. UAE Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

19. Africa Hardware Market
19.1. Africa Hardware Market Overview
19.2. Africa, Hardware Market, 2020, by Country, Value ($ Billion)
19.3. Africa, Hardware Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Africa, Hardware Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Africa, Hardware Market Metrics
19.5.1. Hardware Market Size, Percentage of GDP, 2015-2025, Africa Countries
19.5.2. Number of Enterprises, Hardware Market, Hardware Market/Number of Enterprises, 2020, Africa Countries
19.5.3. Number of Employees, Hardware Market, Hardware Market/Number of Employees, 2020, Africa Countries
19.6. Africa Hardware Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Africa Hardware Market: Country Analysis
19.7.1. Egypt Hardware Market
19.7.1.1. Egypt Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Hardware Market
19.7.2.1. Nigeria Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Hardware Market
19.7.3.1. South Africa Hardware Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

20. Hardware Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Allegion
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Spectrum Brands
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Assa Abloy
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Aoyama Seisakusho (Japan)
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Ningbo Jiulong Fasteners
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance

21. Key Mergers and Acquisitions in the Hardware Market

22. Market Background: Metal Products Market
22.1. Metal Products Market Characteristics
22.2. Metal Products Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global
22.3. Global Metal Products Market, 2020, by Region, Value ($ Billion)
22.4. Global Metal Products Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
22.5. Global Metal Products Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)

23. Recommendations
23.1. Global Hardware Market in 2025- Growth Countries
23.2. Global Hardware Market in 2025- Growth Segments
23.3. Global Hardware Market in 2025- Growth Strategies

24. Appendix
24.1. NAICS Definitions of Industry Covered in This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher

25. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allegion
  • Aoyama Seisakusho (Japan)
  • Assa Abloy
  • Ningbo Jiulong Fasteners
  • Spectrum Brands
Major companies in the hardware market include Allegion; Spectrum Brands; Assa Abloy; Aoyama Seisakusho (Japan) and Ningbo Jiulong Fasteners.

The global hardware market is expected to grow from $90. 37 billion in 2020 to $107. 03 billion in 2021 at a compound annual growth rate (CAGR) of 18. 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $142. 76 billion in 2025 at a CAGR of 7%.

The hardware market consists of the sales of metal hardware by entities (organizations, sole traders or partnerships) that produce metal hardware, such as metal hinges, metal handles, keys, and locks (except coin-operated, time locks). The hardware market is segmented into furniture hardware; motor vehicle hardware; builder's hardware and other hardware.

Asia Pacific was the largest region in the global hardware market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 26% of the global hardware market. Africa was the smallest region in the global hardware market.

Many hardware manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1. 2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to KPMG report, 16% executives of global metals companies have already invested in robotics for metal manufacturing, 31% executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest on robotics in the near future. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman.

Geopolitical tensions are expected to have a negative impact on the hardware manufacturing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Sanction on Russia was related to the violation of Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. in 2018, the US imposed a number of sanctions on Russia, including sales of defense articles and services and government credit or other financial assistance. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe . The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed 25% tariff on steel and 10% tariff on aluminum, in 2018. Continued violence and terrorism in the Middle East and other parts globally are also expected to have a negative impact on the market.

Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the hardware manufacturing market. This is mainly due to rise in air travel is leading to increased demand for commercial airplanes. According to the International Air Transport Association (IATA), there were around 3. 8 billion air travelers in 2016, and this number is expected to rise up to 7. 2 billion by 2035. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6. 3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming airplane retirements. This will require significant metal consumption, especially aluminum, this will drive the hardware manufacturing market in the forecast period.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allegion
  • Spectrum Brands
  • Assa Abloy
  • Aoyama Seisakusho (Japan)
  • Ningbo Jiulong Fasteners
Note: Product cover images may vary from those shown

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