DOOR HANDLES MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Attributing factors such as increasing residential and commercial properties or complexes are fueling growth of the door handles market. Increasing manufacturing of doors and windows promote the growth for the door handles because it is not only used as a mechanical tool to open and close the door but it also contributes towards the aesthetic appearance of the door. These factors are anticipated to propel the demand for door handles over the forecast period.

Fancy zinc door handles and others are expected to gain traction in the door handles market during the forecast period. Due to growing premium housing segment and use of antique metal door handles in luxurious home, bungalows, and row houses is expected to escalate the demand for door handles. Besides, increasing disposable income, high standard of living and luxurious life are some of the growth factors for the antique metal door handles.

Due to the COVID-19 pandemic, countries were forced to implement lockdown and social distancing restrictions, which prohibited the construction of new residential and commercial properties. Door handle manufacturing companies and distributors were compelled to halt their manufacturing and distributing units as a result of border closures, and travel and import-export restrictions. In addition, door handle manufacturing companies witnessed a dip in production due to the lack of workforce to continue the production process.

Market Restraints

The global door handles market is expected to be restricted by the manual revolving door mechanism throughout the forecast period. Moreover, high cost of door handles act as a restrain for the door handles market.