How Big is the Hardware Industry Market | Size, Segments & Forecast 2025

What is the size of Hardware Industry Market?

There are several growth factors which include the rising construction activities, rapid urbanization, and expanding home improvement trends worldwide, the hardware industry market is anticipated to rise in the forthcoming years.

Key Growth Drivers of the Hardware Industry Market

• Increasing residential and commercial construction projects
• Rising renovation and remodelling activities in urban regions
• Growing demand for smart and energy-efficient hardware products
• Expansion of DIY culture and home improvement awareness
• Availability of a wide range of hardware through online platforms

Hardware Industry Market Trends

Hardware industry market is experiencing significant growth with notable trends such as rise in sustainable and smart hardware solutions, including eco-friendly locks, energy-efficient hinges, and automated fittings. Also, the use of corrosion-resistant and lightweight materials is rising for better durability. Innovations are occurred in door and window hardware is gaining attention, especially with smart integration. Further, the urban infrastructure development in Asia-Pacific and Middle East is fuelling demand for heavy-duty tools and fasteners.

Emerging Developments in the Hardware Industry Market

Hardware industry market is developing in the recent years such as growing digital catalogues, 3D product demos, and AR-based installation support. On the other hand, local manufacturers are expanding product lines to include smart locks, modular fittings, and anti-bacterial coatings. Further, the customized hardware solutions are in demand in both residential and industrial sectors. Platforms such as the emergence of e-commerce reshaping sales strategies with faster delivery and bulk procurement options.

List of Leading Companies in the Hardware Industry Market

Below is a comprehensive list of the leading market players driving growth in this sector-

1. Assa Abloy AB

This is a global leader in access solutions, offering locks, doors, and smart entry systems for commercial and residential use.

2. Allegion PLC

This company designs security products including locks, door closers, and electronic access systems, serving industrial and commercial customers.

3. Stanley Black & Decker Inc.

This company manufactures tools, storage, and security hardware, with a strong global presence in retail and construction sectors.

4. DormaKaba Holding AG

This company specializes in security and access hardware systems including electronic locks, cylinders, and entrance automation.

5. Hafele Group

This company provides premium architectural hardware, fittings, and lighting solutions with a strong footprint in hospitality and residential sectors.

6. Hettich Group

This is one of the leading manufacturers of furniture hardware and intelligent fitting systems, focusing on functionality and modern design.

7. Spectrum Brands Holdings Inc.

This company offers a wide range of residential and commercial hardware under brands like Kwikset, Baldwin, and National Hardware.

8. Godrej & Boyce Mfg. Co. Ltd.

This company manufactures door locks, architectural fittings, and smart security hardware with a legacy of innovation in India.

9. Dormak Interio Pvt. Ltd.

This company produces modular furniture and architectural hardware solutions with a focus on commercial and institutional applications.

10. MACO Group

This company is especially known for its innovative window and door hardware systems, supporting energy efficiency and enhanced security.

How Big is the Hardware Industry Market : FAQ's