BARN DOOR HARDWARE MARKET ANALYSIS

Regional Analysis

North America is expected to be a lucrative region in the global barn door hardware market. The rapidly growing residential construction industry is driving demand for interior designing products such as barn doors in North America. This has led to an increase in demand for barn door hardware. According to data published by the U.S. Census Bureau, in the U.S., the residential construction industry was valued at US$ 515.9 billion in 2017, which was 10.6% higher compared to 2016.

Among regions, Asia Pacific is expected to witness significant growth in the global barn door hardware market over the forecast period. This is attributed to presence of emerging economies such as India which are witnessing rapid growth in the construction sector. According to India Brand Equity Foundation’s (IBEF) report on Infrastructure (June 2018), the government of India allocated US$ 92.22 billion for the infrastructure sector in the Union Budget 2018-19.

Europe is expected to witness a lucrative growth in the global barn door hardware market by 2021. In Europe, sliding barn doors are used extensively in residential constructions such as apartments and hotel rooms for better access to natural light and fresh air. The barn doors are also used in offices and automotive sales areas as they offer a soundproof and visually accessible private office space.