Product Code: ETC326244 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India furniture hinge market import shipments exhibited a robust CAGR from 2020 to 2024, indicating significant expansion. The growth rate between 2023 and 2024 slightly decreased, yet the overall trend remained positive, showing a sustained momentum in market growth during the period.
The India furniture hinge market is witnessing significant growth as the furniture and interior design industries utilize these hardware components for various applications. This market`s outlook is driven by factors such as the increasing demand for furniture hinges in cabinets, doors, and furniture fittings, the growth of the residential and commercial construction sectors, and the adoption of furniture hinges for their durability and functionality. Additionally, the development of innovative and concealed furniture hinge designs and the rising focus on interior aesthetics and space optimization are further contributing to market growth. Overall, the India furniture hinge market is expected to experience favorable growth in the coming years.
The India furniture hinge market is experiencing growth as the furniture and interior design industries utilize these hardware components for various applications. This market`s outlook is driven by factors such as the increasing demand for furniture hinges in cabinets, doors, and furniture assemblies, the growth of the home decor and furniture sectors, and the adoption of hinges for their functional and aesthetic properties. Additionally, the development of innovative and space-saving furniture hinge designs and the rising focus on modular and contemporary furniture solutions are further contributing to market growth. One of the key drivers of the India furniture hinge market is the growing trend of compact and multi-functional furniture designs, which has led to an increased demand for hinges that can support versatile furniture configurations.
The India furniture hinge market is experiencing growth as the furniture and interior design industries utilize these hardware components for various applications. This market`s outlook is driven by factors such as the increasing demand for furniture hinges in cabinets, doors, and furniture fittings, the growth of the furniture and home decor sectors, and the adoption of hinges for their durability and functionality. However, the presence of cheap and low-quality imported hinges poses a challenge for domestic manufacturers to maintain market share and quality standards.
The India furniture hinge market is experiencing growth as the furniture and interior design industry utilizes these components for various applications. This market`s outlook is driven by factors such as the increasing demand for furniture hinges in cabinets, doors, and furniture fittings, the growth of the home and office furniture sectors, and the adoption of hinges for their functional and aesthetic properties. Additionally, the development of innovative and space-saving hinge designs and the rising focus on interior customization and modular furniture solutions are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to changes in consumer spending and disruptions in the retail sector. However, with the rebound in the furniture and interior design industry and increased focus on home improvement, the market is expected to recover in the post-pandemic period.
The India furniture hinge market is experiencing growth as the furniture and interior design industry utilizes these hardware components for various applications. This market`s outlook is driven by factors such as the increasing demand for furniture hinges in cabinets, doors, and furniture fittings, the growth of the real estate and construction sectors, and the adoption of hinges for their durability and functionality. Additionally, the development of innovative and space-saving hinge designs and the rising focus on interior aesthetics and user convenience are further contributing to market growth. Some of the key players in the India furniture hinge market include HingeMaster Hardware, FurnitureFit Solutions, and CabinetTech Industries.
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 India Furniture Hinge Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Furniture Hinge Market Revenues & Volume, 2021 & 2031F |
3.3 India Furniture Hinge Market - Industry Life Cycle |
3.4 India Furniture Hinge Market - Porter's Five Forces |
3.5 India Furniture Hinge Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Furniture Hinge Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Furniture Hinge Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the real estate sector leading to increased demand for furniture and fittings. |
4.2.2 Increasing disposable income of the middle-class population driving the purchase of furniture. |
4.2.3 Rising trend of modular and space-saving furniture designs boosting the demand for hinges. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the production cost of hinges. |
4.3.2 Competition from imported hinges impacting the market share of domestic manufacturers. |
4.3.3 Lack of standardized quality control measures leading to concerns regarding the durability of hinges. |
5 India Furniture Hinge Market Trends |
6 India Furniture Hinge Market, By Types |
6.1 India Furniture Hinge Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Furniture Hinge Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Furniture Hinge Market Revenues & Volume, By Cold Rolled Steel Material, 2021-2031F |
6.1.4 India Furniture Hinge Market Revenues & Volume, By Stainless Steel Material, 2021-2031F |
6.1.5 India Furniture Hinge Market Revenues & Volume, By Solid Brass Material, 2021-2031F |
6.2 India Furniture Hinge Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Furniture Hinge Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 India Furniture Hinge Market Revenues & Volume, By Residential, 2021-2031F |
7 India Furniture Hinge Market Import-Export Trade Statistics |
7.1 India Furniture Hinge Market Export to Major Countries |
7.2 India Furniture Hinge Market Imports from Major Countries |
8 India Furniture Hinge Market Key Performance Indicators |
8.1 Average selling price of hinges in the market. |
8.2 Number of new housing projects or renovations in the real estate sector. |
8.3 Customer satisfaction levels with the durability and performance of hinges. |
8.4 Adoption rate of modern furniture designs that require hinges for functionality. |
8.5 Number of patents or innovations in hinge technology by domestic manufacturers. |
9 India Furniture Hinge Market - Opportunity Assessment |
9.1 India Furniture Hinge Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Furniture Hinge Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Furniture Hinge Market - Competitive Landscape |
10.1 India Furniture Hinge Market Revenue Share, By Companies, 2024 |
10.2 India Furniture Hinge Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |