The Asia Pacific Door Handles Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Some door handles are believed to be hygienic. Materials, such as brass, copper, and silver, have been found to be deadly to many microorganisms over time. Although the precise mechanism is unknown, it is generally accepted that it operates through the oligodynamic effect and maybe another electrostatic action. For instance, within eight hours door handle made of brass and copper eliminate bacteria.
Recently, most manufacturers have introduced door handles with streamlined and opulent designs and materials in response to a shift in consumer tastes away from ornate fittings and toward modern patterns. Matte texture, polished nickel, bronze, and brass finishes, as well as crystal and satin styles that come in a variety of geometric forms and patterns, are some of the famous designs that saw an increase in utilization because of rising trend of thematic designs in homes.
Because they provide a glossy and artistic appearance, brass metal door knobs are becoming more and more popular throughout the hospitality sector. These door handles are anticipated to be in high demand due to the expanding tourism sector and the expansion of business buildings.
China's Ministry of Housing and Urban-Rural Development (MOHURD) published a notification about a pilot project for urban revitalization that involves 21 cities and districts. The project's goals are to modernize urban construction and building techniques, support effective urban structures, and raise urban dwellers' standards of living. China is planning to renovate and convert older structures in urban areas in order to priorities more environmentally friendly urban development. Therefore, the region promises huge expansion aspects for the door handles market.
The China market dominated the Asia Pacific Door Handles Market by Country in 2021; thereby, achieving a market value of $1,026.9 million by 2028. The Japan market is experiencing a CAGR of 3.9% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 5.2% during (2022 - 2028).
Based on Product, the market is segmented into Lever Handles, Door Knobs, Sliding Door Handles and Pull Handles. Based on Material, the market is segmented into Metal, Plastic, Fiber and Others. Based on Application, the market is segmented into Residential and Commercial. The report also covers geographical segmentation of Door Handles market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Door Handles Market is Projected to reach USD 9.4 Billion by 2028, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Assa Abloy AB, Häfele SE & Co KG, Allegion Plc, Aar Kay Vox, Hoppe Holding AG, Latham's Steel Security Doors, Kuriki Manufacture Co., Ltd., Ace Hardware Corp., West corporation and Sugatsune America, Inc.
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