BARN DOOR HARDWARE MARKET ANALYSIS

Market Challenges And Opportunities

An increasing demand for household organization products coupled with increasing consumer spending and disposable household income are fueling growth of the global barn door hardware market. For instance, according to Organization for Economic Co-operation and Development’s (OECD) data published in 2018, the adjusted gross disposable income of household per capita in European Union (28 countries) increased to US$ 30,143 thousands in 2017 up from US$ 29,128 thousands in 2016. Moreover, in Euro zone (18 countries), the disposable income increased to US$ 32,132 thousands in 2017 from US$ 31,071 thousands in 2016.