Global Furniture Fittings Market, By Product (Handles and Pulls, Screws or Fasteners, Hinges, Connectors, Drawer Slides, Knobs, Legs, and Others), Material (Stainless Steel, Aluminum Alloy, Zinc Alloy, Plastic, Iron, and Others), Application (Bedroom, Living Room, Dining Room, Dining Room, Hotel, Office, Bathroom, and Others), End User (Residential/Household and Commercial), Distribution Channel (Direct and Indirect) - Industry Trends and Forecast to 2030.
Furniture Fittings Market Analysis and Insights
The rising furniture industry has enhanced the demand for the market. The major market players focus on various product or catalog launches and availability. In addition, the increase in innovative and advanced furniture fitting products also contributes to the rising demand for the market.
The global furniture fittings market is expected to grow in the forecast year due to the increasing renovation and remodeling activities. Increasing technological advancements, such as 3D technology and CAD furniture design programs, are also expected to drive market growth. Also, manufacturers produce a wider range of furniture and fittings products. However, the environmental concerns associated with the production of fitting products are expected to restrain market growth in the forecast period. Increasing demand for personalized and customized furniture is expected to give opportunities to the market. The growing demand for e-commerce and online retailing with all the facilities is expected to boost the market growth. However, supply chain management is expected to challenge market growth.
Data Bridge Market Research analyzes that the global furniture fittings market is expected to reach a value of USD 13,645.93 million by 2030, at a CAGR of 5.3% during the forecast period. Product accounts for the largest segment in the market due to increasing constructions around the globe and a rise in awareness among the population about premium furniture among the global population. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product (Handles and Pulls, Screws or Fasteners, Hinges, Connectors, Drawer Slides, Knobs, Legs, and Others), Material (Stainless Steel, Aluminum Alloy, Zinc Alloy, Plastic, Iron, and Others), Application (Bedroom, Living Room, Dining Room, Dining Room, Hotel, Office, Bathroom, and Others), End User (Residential/Household and Commercial), Distribution Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Denmark, Norway, Finland, Sweden and Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Hong Kong, Taiwan, Vietnam and the Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Qatar, Kuwait, Oman, Bahrain and Rest of Middle East and Africa, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Costa Rica, Panama and Rest of South America
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Market Players Covered
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Julius Blum GmbH, FGV, Kanpe & Vogt Manufacturing Company, Häfele, Bohle Ltd., Grass, SALICE- P.IVA, Devatha Industries, General Devices, ERA Teknik Metal Dis Ticaret A.S., ACCURIDE INTERNATIONAL INC, Hettich Holding GmbH & Co. oHG, Ebco- Furniture Fittings and Accessories, Sugatsune America,Inc., Guangdong SACA precision manufacturing Co., Ltd, Guangdong Dongtai Hardware Group, King Slide, among others.
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Global Furniture Fittings Market Definition
Furniture fittings are the accessories and components utilized to improve furniture's usability, appearance, and general performance. These fixtures are essential to the design, construction, and functionality of many types of furniture, including tables, chairs, beds, cabinets, drawers, and wardrobes. Furniture fittings are essential for maintaining furniture's strength, stability, and durability and their convenience and usability. They allow for flexible shelves and partitions, easy opening and closing of doors and drawers, effective storage solutions, and ergonomic designs. Additionally, furniture fittings add to the overall aesthetic appeal of the furniture by complementing diverse design ideas with various designs, finishes, and ornamental components. Overall, the desire for high-quality, useful, and aesthetically pleasing parts that improve the functionality and appeal of furniture has created a lively and competitive sector for furniture fittings.
Global Furniture Fittings Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rising Furniture Industry
The expanding furniture industry directly impacts the need for furniture fittings. Furniture fittings are increasingly in demand as the industry expands and more furniture types are produced. Fittings for furniture, such as hinges, drawer slides, handles, and knobs, are crucial parts that give functionality and improve the use of the furniture as a whole. A wider range of furniture types and designs result from the growing furniture industry. Furniture fitting producers must provide a wide range of designs, coatings, and sizes to meet the various demands of furniture makers.
Customers have increasing expectations for furniture quality and longevity as the industry expands. The furniture fittings greatly influence the strength and longevity of furniture components. Furniture fittings producers should concentrate on making high-quality, long-lasting fittings that can endure frequent usage and keep functioning over time.
Thus, the rising furniture industry for its fitting products is expected to drive the global furniture fittings market.
- Increasing Renovation and Remodeling Activities
Increasing renovation and remodeling activities significantly impact the global furniture fittings market. There is a growing demand for furniture fittings that align with new design concepts and functional requirements.
Renovation and remodeling activities often involve changing a space's layout, style, and overall ambiance, necessitating the installation of new furniture fittings that complement the updated aesthetics and provide enhanced functionality. This drives the market for a wide range of furniture fittings, including handles, knobs, hinges, drawer slides, and other hardware components crucial to furniture's overall functionality and visual appeal. Additionally, renovations often involve the creation of customized or built-in furniture, requiring specialized fittings to ensure seamless integration with the existing architecture.
The increased focus on home improvement and the desire to create personalized living spaces contribute to the growth of the global furniture fittings market, as manufacturers innovate and offer a diverse range of products to meet the evolving needs of renovators and remodelers.
Manufacturers are encouraged to provide various fittings in various finishes, materials, and designs by the desire for design freedom.
Thus, increasing renovation and remodeling activities are expected to drive the global furniture fittings market.
Restraint
- Fluctuating Raw Material Prices
Changes in raw material prices directly impact the price of creating furniture fittings. Manufacturers could experience greater production expenses due to rising raw material prices, affecting their profitability. Maintaining competitive pricing without sacrificing quality or charging customers more becomes difficult. It may also result in disruptions to the supply chain. The timely delivery of raw materials to manufacturers may be impacted if suppliers fail to maintain consistent pricing and availability. This may lead to problems with inventory management, difficulty satisfying client demand, and production delays.
Thus, the fluctuating prices of raw materials for the furniture industry are expected to restrain the global furniture fittings market.
Opportunity
- Rising E-Commerce and Online Retailing
There are several potentials for growth in the global furniture fittings market due to the increasing popularity of online platforms and e-commerce. Online shopping's accessibility and convenience have made it possible for customers to browse and buy a variety of furniture fittings from the comfort of their homes. This increased reach allows manufacturers and suppliers to contact a wider consumer base domestically and abroad. Online marketplaces are the perfect place to display furniture fittings since they let shoppers compare possibilities, get in-depth product information, and read reviews.
Online platforms' digital nature also makes smooth order administration, inventory control, and effective logistics possible, streamlining the supply chain for furniture fittings. Online platforms also give smaller or specialized furniture fittings producers a place to build their presence and engage in global competition with more prominent firms.
Overall, the growing popularity of online platforms and e-commerce offers tremendous prospects for the global furniture fittings market by extending market reach, improving customer experiences, and maximizing supply chain efficiency, which helps to create an opportunity for market growth.
Challenge
- Supply Chain Management
Coordinating and improving numerous tasks, such as sourcing raw materials, production, inventory control, distribution, and customer service, are part of supply chain management.
Managing the supply chain for furniture fittings presents several challenges, but the following are the principal ones:
Transportation- furniture fittings can be large, fragile, and heavy, necessitating specific handling and shipment. The difficult parts include choosing suitable means of transportation, planning the best routes, and controlling transportation expenses. Additional difficulties in logistics for furniture fits include ensuring on-time deliveries, controlling customs and border restrictions (in the case of overseas shipments), and managing reverse logistics.
Complex manufacturing process- Furniture fittings require intricate manufacturing procedures that frequently call for precision engineering and customization. It might be challenging to control these operations while maintaining constant quality, timely delivery, and cost-effectiveness. Manufacturing activities must be coordinated amongst many departments, including design, engineering, and production.
Along with these, many other factors impact and challenge supply chain management. Thus, the supply chain management factors are expected to challenge the global furniture fittings market.
Recent Developments
- In March 2023, Bohle Ltd. Announced they would participate in the FIT Show. The business is well known for providing water processing equipment to the glass processing sector. It also sells Juliet balconies, internal partitioning systems, sliding door systems, balustrades, and shower hardware to glass processors and home renovation businesses. The corporation wants to grow its business by providing a new and cutting-edge product line.
- In January 2023, Hafele highlighted the possibilities for personalization in the kitchen, bathroom, wardrobe, and other areas. With a wide choice of completely personalized solutions, Häfele's Service+ is here to make your projects more useful, attractive, and effective. This has made it possible for the business to offer its clients more individualized and practical ideas and solutions.
Global Furniture Fittings Market Scope
The global furniture fittings market is segmented into product, material, application, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product
- Handles and Pulls
- Screws or Fasteners
- Hinges
- Connectors
- Drawer Slides
- Knobs
- Legs
- Others
On the basis of product, the market is segmented into handles and pulls, screws or fasteners, hinges, connectors, drawer slides, knobs, legs, and others.
Material
- Stainless Steel
- Aluminium Alloy
- Zinc Alloy
- Plastic
- Iron
- Others
On the basis of material, the market is segmented into stainless steel, aluminum alloy, zinc alloy, plastic, iron, and others.
Application
- Bedroom
- Living Room
- Dining Room
- Hotel
- Office
- Bathroom
- Others
On the basis of application, the market is segmented into bedroom, living room, dining room, hotel, office, bathroom, and others.
End User
- Residential/ Household
- Commercial
On the basis offend user, the market is segmented into residential/household and commercial.
Distribution Channel
- Direct
- In-Direct
On the basis of distribution channel, the market is segmented into direct and in-direct.
Global Furniture Fittings Market Regional Analysis/Insights
The global furniture fittings market is analyzed, and market size information is provided by product, material, application, end user, and distribution channel.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Denmark, Norway, Finland, Sweden and Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Hong Kong, Taiwan, Vietnam and the Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Qatar, Kuwait, Oman, Bahrain and Rest of Middle East and Africa, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Costa Rica, Panama and Rest of South America.
North America is expected to dominate due to the presence of key market players in the largest consumer market with high GDP. The U.S. is expected to dominate due to technological advancement in furniture fittings. Germany dominates the Europe due to the increasing demand from emerging markets and the expansion of furniture industries. China dominates the Asia-Pacific region due to an increase in construction.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Furniture Fittings Market Share Analysis
Global furniture fittings market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus on the global furniture fittings market.
Some of the major players operating in the global furniture fittings market Julius Blum GmbH, FGV, Kanpe & Vogt Manufacturing Company, Häfele, Bohle Ltd., Grass, SALICE- P.IVA, Devatha Industries, General Devices, ERA Teknik Metal Dis Ticaret A.S., ACCURIDE INTERNATIONAL INC, Hettich Holding GmbH & Co. oHG, Ebco- Furniture Fittings and Accessories, Sugatsune America,Inc., Guangdong SACA precision manufacturing Co., Ltd, Guangdong Dongtai Hardware Group, King Slide, among others.
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