Door and Window Handles

upamfva · Anmeldungsdatum: 12.04.2022 Beiträge: 1032

Door and Window Handles

The home improvement industry is growing globally, increasing sales of building materials, appliances, decor, and other elements. In addition, rental housing is also increasing, which is creating opportunities for home remodeling and renovation. It has been observed that in recent years, most of the homeowners residing in their homes tend to renovate their houses instead of moving into new ones. The demand for single-family rental houses has increased in recent years; thus, homeowners are shifting towards redesigning and renovating their homes for rental purposes. The increased spending on single-family homes and renovation activities is expected to drive the sales of doors and window handles during the forecast period. The door and window handle market is mainly derived from residential construction and rising investments in renovations, replacements, retrofits, and home improvement activities.Get more news about Door Handle Manufacturers,you can vist our website!

The growth of commercial spaces such as shopping malls, retail areas, and offices is expected to support the growth of the global door and window handles market. Most commercial spaces are implementing the latest infrastructures and technologies to improve the overall aesthetics of spaces and ensure maximum security and convenience. Door and window handles are highly beneficial for commercial spaces and are installed in almost all commercial facilities. Similarly, door and window handles are considered crucial components of doors and windows in large commercial spaces. With the rise in residential construction projects, there was a surge in non-residential or commercial construction activities. For instance, the fast-growing population of China, strong economic growth, and consumer spending have attracted investors in the construction of commercial spaces such as shopping malls, hotels, apartments, offices, and industrial spaces.

The cost of raw materials accounts for a large portion of the overall manufacturing cost. Moreover, raw materials account for 50%-60% of the overall cost of the final products. The prices of major raw materials, such as plastic, aluminum, and steel used to manufacture doors and window handles, have increased significantly over the last few years. The volatility of raw material prices seriously threatens the vendor's profit margins. The price volatility and availability of such raw materials can pose a serious operational risk to vendors. Fluctuations in the prices of raw materials could reduce their profit margins, thereby affecting the overall door and window handles market growth. However, low-cost countries gradually lose their advantages due to rising labor costs.
The door handle type segment is expected to be the largest revenue segment in the global door and window handles market. In recent years, the demand for door lever handles has experienced steady growth due to the increasing focus on ergonomics and accessibility, changing architectural preferences, and the desire for trendy, functional door solutions. In the global door handle market, door lever handles have become a prominent choice. Increasing prominence on universal design and accessibility is a significant driver of the demand for door lever handles. Also, increasing consciousness of accommodating elderly and disabled people has increased demand for door lever handles because of their easy use. These handles need less grip strength and manual adroitness, are user-friendly, and are suitable for people of all abilities and ages.