| Product Code: ETC5370804 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia hardware market witnessed a notable import trend from 2023 to 2024, with a growth rate of 28.6%. The compound annual growth rate (CAGR) for 2020-2024 stood at 11.9%. This substantial increase in imports can be attributed to a surge in demand for hardware products, indicating a favorable import momentum and market stability during the period.
In the Asia region, the Hardware market in Armenia is projected to expand at a high growth rate of 12.74% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Hardware Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Hardware Market - Industry Life Cycle |
3.4 Armenia Hardware Market - Porter's Five Forces |
3.5 Armenia Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Armenia Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Armenia |
4.2.2 Increasing demand for home improvement and renovation projects |
4.2.3 Technological advancements in hardware products |
4.2.4 Government initiatives to promote infrastructure development |
4.2.5 Rising disposable income and urbanization in Armenia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Economic instability and political uncertainties in the region |
4.3.3 Competition from alternative materials like plastic and composites |
4.3.4 Lack of skilled labor in the hardware industry |
4.3.5 Environmental regulations impacting production processes |
5 Armenia Hardware Market Trends |
6 Armenia Hardware Market Segmentations |
6.1 Armenia Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.3 Armenia Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.4 Armenia Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.5 Armenia Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 Armenia Hardware Market Import-Export Trade Statistics |
7.1 Armenia Hardware Market Export to Major Countries |
7.2 Armenia Hardware Market Imports from Major Countries |
8 Armenia Hardware Market Key Performance Indicators |
8.1 Adoption rate of smart hardware products in Armenia |
8.2 Average age of hardware infrastructure in the country |
8.3 Number of public-private partnerships in infrastructure projects |
8.4 Investment in research and development for innovative hardware solutions |
8.5 Percentage of households engaged in DIY projects in Armenia |
9 Armenia Hardware Market - Opportunity Assessment |
9.1 Armenia Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Armenia Hardware Market - Competitive Landscape |
10.1 Armenia Hardware Market Revenue Share, By Companies, 2024 |
10.2 Armenia Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |