The global door handles products market was valued at USD 12.5 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. Door handles are an essential component of a door system, providing the user with access to a room or building. The design of door handles and their functionality are important elements in the overall aesthetic of the interior and exterior of any building. The use of door handles is gaining traction due to the convenience of their use, as well as their ability to provide safety and security.

Manufacturers are increasingly focusing on the development of door handles that offer enhanced safety as well as aesthetic value. For instance, in August 2021, DORMA launched a new range of door handles with an intelligent core technology that can identify users and control access to a building without compromising the aesthetics of the door handle. These door handles are programmed to recognize authorized people and to restrict access to those unauthorized.

Furthermore, the increasing trend of smart cities is creating a demand for connected door handles and locks. This is driving the demand for door handles with integrated access control and authentication systems, such as biometric locks, facial recognition, and smart cards. For instance, in April 2022, Schlage launched a smart door handle with a built-in touchscreen lock, enabling users to unlock their door with a PIN code, Bluetooth, or via the Schlage Sense app.

The growing awareness among consumers regarding the importance of door handles and locks is also driving market growth. Consumers are increasingly seeking products that are easy to use and offer enhanced security. Additionally, the rising trend of minimalistic and sleek designs among consumers is boosting the demand for door handles. Manufacturers are introducing door handles with modern design features to meet the changing consumer preferences. For instance, in February 2022, Emtek launched a new range of hardware featuring modern door knobs and levers with a sleek, minimalist design.

Furthermore, the rising trend of smart homes is fueling the demand for smart door locks. These locks enable users to control their door lock remotely with their smartphones. For instance, in July 2021, August Home, Inc. launched a new Wi-Fi enabled door lock that allows users to control the lock remotely with their smartphone. Moreover, the increasing demand for luxury door handles from the hospitality sector is expected to support the growth of the market in the coming years.

The lever-style door handles segment held the largest market share in 2020 and is anticipated to maintain its dominance over the forecast period. Lever-style door handles are easy to use and are comfortable to grip, which makes them ideal for use in all types of residential, institutional, and commercial buildings. These handles are also available in a wide range of designs and materials which makes them popular among customers.

The knob-style door handles segment is expected to register the highest CAGR during the forecast period. Knob-style door handles are gaining popularity among customers due to their classic design, low cost, and installation ease. These handles are also available in a wide range of finishes, including chrome, brass, stainless steel, and bronze, which makes them suitable for use in different types of buildings. Furthermore, the growing trend of DIY projects has led to an increase in the installation of these handles in residential buildings.

The hardware stores segment captured the major share of over 40.1% in 2022. The growth of the segment is mainly driven by the availability of a variety of door handles options in the stores. According to a study by ConstructionDive in 2020, the hardware stores are the preferred destination for the purchase of door handles due to the availability of a wide range of products and advice from the sales personnel. In addition, hardware stores provide convenience for customers in terms of location and easy purchase of door handles.

The online segment is anticipated to expand at the highest CAGR of 10.6% over the forecast period. The growth of the segment is mainly driven by the increasing use of digital platforms such as websites and mobile applications to purchase door handles. Many leading door handle manufacturers are now focusing on launching their own websites and mobile applications to promote their products and increase their brand visibility. For instance, in December 2022, Kwikset launched a mobile application that allows customers to preview and design door handles with 3D technology. The app also offers detailed product information and customer reviews.

The lever handles segment accounted for the largest revenue share of 42.2% in the year 2022. Lever handles are easy to open and close and provide a better grip for people with motor impairments. Lever handles are usually used in bathrooms, kitchens, and other places where frequent opening and closing of the door is required. Moreover, the technological advancement in door hardware such as the introduction of digital door handles is further driving the growth of the segment.

The knob handles segment is anticipated to expand at the highest CAGR of 10.3% over the forecast period. Knob handles are easy to install and require low maintenance. Moreover, the introduction of designer door handles and decorative door handles is likely to boost the demand for knob handles in the forecasted period. For instance, in June 2022, Emtek Products Inc., a U.S.-based brand, launched a range of new knob handles under the name “Modern Brass”. This range of knob handles offers a range of finishes and styles to meet the changing consumer preferences.

Europe accounted for the largest revenue share of the global door handle product market in 2022, owing to the strong presence of numerous manufacturers in the region. The region also has a large number of historic buildings, which are undergoing renovation, increasing the demand for door handle products. Furthermore, an increasing number of R&D activities in the region is expected to provide impetus to the growth of the market. For instance, in April 2021, ASSA ABLOY launched CLIQ Go, a wireless access control system, in the European market.

Asia Pacific is expected to witness the fastest growth in the coming years. This growth can be attributed to the increasing demand for door handle products from emerging countries, such as India and China. Furthermore, the growing middle-class population and rising disposable incomes in countries such as India and China have led to an increase in the demand for door handle products. For instance, in March 2021, Satinox India launched a range of door handles and locks in the Indian market.

In this part of the door handle products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your door handle products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a door handle products business comes from direct sales to customers, sales of accessories, wholesale sales, and online sales. Here you will find a list with a description of each of them and other possible sources of profit such as sales of door handle parts, upselling of door handle products, and sales of related door handle products.

Projecting Expenses

In this section, all the regular expenses related to keeping the door handle products business running will be described. The list of operating expenses includes factory rent, administrative staff wages, inventory, shipping costs, advertising, and others.

Some of the key companies operating in the door handles market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, ASSA ABLOY launched a range of door handles made of stainless steel.

– In August 2022, Schlage launched the Lever Lock Collection featuring a range of modern door handles.

– In October 2022, Emtek launched the new Euro Modern Collection featuring contemporary door handles.

Some of the prominent players in the door handles market include:

– ASSA ABLOY
– Schlage
– Emtek
– Kwikset Corporation
– Honeywell International Inc.
– Yale Security
– Corbin Russwin
– Dormakaba
– Deltana
– Hager Companies

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global door handles products market based on product type, material, end-use, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Lever Handles
– Knob Handles
– Pull Handles
– Others

2. Material Outlook (Revenue, USD Million, 2017 – 2030)

– Metal
– Wood
– Plastic
– Others

3. End-use Outlook (Revenue, USD Million, 2017 – 2030)

– Residential
– Commercial
– Industrial

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are some of the key trends in the door handles market?
[A]: Some of the key trends in the door handles market include an increasing demand for smart door handles, the introduction of new designs and materials, and a shift towards the adoption of digital door locks. Smart door handles are becoming increasingly popular, as they provide convenience and peace of mind through added security and automation features. Meanwhile, new designs and materials are allowing for more customized and aesthetically pleasing door handles, while digital door locks are becoming increasingly popular due to their convenience, security, and energy efficiency.

[Q]: What are the factors driving the door handles market?
[A]: Some of the key factors driving the door handles market include the increasing demand for energy efficiency, the increasing trend of smart home automation, the increasing trend for customization, and the increasing demand for convenient, secure access control.

[Q]: Who are the major players in the door handles market?
[A]: Some of the major players in the door handles market include Schlage, ASSA ABLOY, Allegion, Corbin Russwin, Kaba, and Yale Lock & Hardware.

[Q]: What are the key opportunities in the door handles market?
[A]: Some of the key opportunities in the door handles market include the increasing demand for smart door handles, increased adoption of digital door locks, and the emergence of new materials and designs. With the increasing demand for energy efficiency, smart home automation, and customized designs, the door handles market is expected to grow significantly in the near future.

[Q]: What are the key challenges in the door handles market?
[A]: Some of the key challenges in the door handles market include the high cost of installation and the lack of technical expertise. Additionally, there is a need for improved product customization to meet the needs of the customer and the lack of standardization across the industry.