Global Furniture Fittings Market Size By Product(Handles & Pulls, Screws or Fasteners), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Furniture Fittings Market size was valued at USD 1776.41 Million in 2024 and is projected to reach USD 2551.93 Million by 2031, growing at a CAGR of 5.11% from 2024 to 2031.
Increasing demand for the furniture among the commercial spaces and research & technological advancement along with aesthetic appearance, will drive market growth. The Global Furniture Fittings Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Furniture Fittings?
Think of furniture fittings as the little helpers that live outside the main structure of your furniture. They're the bits and bobs that let you actually use your furniture! They connect pieces, allowing them to move or stay put. And honestly, the possibilities are endless! You can mix and match them to create unique and beautiful furniture that's also super practical. We're talking about things like hinges, screws & fasteners, drawer slides, and handles. You'll find these hard workers in kitchens, offices, and bedrooms, adding both elegance and that "easy-to-use" feel. They come in all sorts of shapes, sizes, and styles, and are made from materials like stainless steel, plastics, iron, aluminum, and more.
Furniture fittings are becoming increasingly significant in furniture medium action; people have started to pay attention to the quality of furniture made from timber, and environmental protection has slowly converted hardware fittings.
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Global Furniture Fittings Market Overview
The demand for furniture in offices and other commercial spaces is really taking off, and it's not just about looking good – research and new tech are playing a big role in market growth, too! When it comes to furniture for business, quality is key, especially when you've got a large space to fill. We're talking about functionality, durability, and style – that's what makes a piece of furniture truly top-notch. For instance, you might see solid wood used in wooden parts, connected with Mortise & Tenon joints for serious strength and longevity. And for padded seats, think high-density foam, premium vinyl, and stainless-steel fabrics – all available in tons of colors. Commercial furniture is really built to last since it is expected to handle heavy use. Because businesses want furniture that will last a decade or more, you won't see huge style changes very often. The designs are usually pretty neutral to blend with different interior design trends. Most companies offer customization, letting you pick colors and upholstery. Investing in commercial furniture isn't just about saving money in the long run, it's also about boosting your bottom line. Home furniture, on the other hand, is usually focused on luxury, and things like dining chairs can be way bigger than what you'd find on the commercial market. Smaller seats make for smaller refrigerators, which leads to lower income. Sadly, counterfeit furniture can put a damper on market growth.
Global Furniture Fittings MarketSegmentation Analysis
The Global Furniture Fittings Market is segmented on the basis of Product, and geography.
Furniture Fittings Market by Product
Handles & Pulls
Screws or Fasteners
Hinges
Drawer slides
Others
To Get Summarized Market Report By Product-
Based on Product, the market is bifurcated into Handles & Pulls, Screws or Fasteners, Hinges, Drawer slides, and Others. Handles and pulls accounted for the largest market share of 25.84% in 2021, with a market value of USD 1,963.55 Million and is projected to grow at the highest CAGR of 6.21% during the forecast period. Screws or Fasteners was the second-largest market in 2021, valued at USD 1,536.83 Million in 2021; it is projected to grow at a CAGR of 5.41%.
Furniture Fittings Market by Geography
North America
Europe
Asia Pacific
Rest of the world
To Get Summarized Market Report By Geography-
On the basis of regional analysis, the Global Furniture Fittings Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific accounted for the largest market share of 34.41% in 2021, with a market value of USD 2,614.22 Million and is projected to grow at the highest CAGR of 6.40% during the forecast period. North America was the second-largest market in 2021, valued at USD 2,342.28 Million in 2021; it is projected to grow at a CAGR of 4.87%.
Key Players
The “Global Furniture Fittings Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Hettich, Hafele, King Slide, Blum Inc., ERA, Accuride, Bohle AG, FGV, and Grass, and Others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. The major players in the market are Blum Inc., Hafele, Hettich, and King Slide.
Key Developments
• Blum announced its expansion plan for its Indian subsidiary with the focus to include a newly constructed warehouse and a new and diversified distribution network.
• Bohle AG launched known as fitting Alva EN3 that is used for fitting for glass doors which is easily installed.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Hettich, Hafele, King Slide, Blum Inc., ERA, Accuride, Bohle AG, FGV, and Grass, and Others.
SEGMENTS COVERED
By Product
By Geography
CUSTOMIZATION SCOPE
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