Global Cabinet Hardware Market Expected To Reach 8.10 Million Dollars By 2018 And 12.74 Million Dollars By 2025
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The global market scale of Cabinet Hardware was 7.52 billion dollars in 2017. It is expected to reach 8.10 million dollars by 2018 and 12.74 million dollars by 2025, with the CAGR of 6.82%. In 2017, the production volume of Cabinet Hardware is 1.76 billion units.
The Major production regions of Cabinet Hardware are North America, Europe, China, which accounted for about 64.19% of production market share in 2017. Europe is the largest consumption region with a market share of 24.42% in 2017.
Cabinet Hardware manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are Blum, Hettich, GRASS, H?fele and Assa Abloy, accounting for 23.24 percent revenue market share in 2017.
For price trend analysis, a key variable in the performance of Cabinet Hardware producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The market scale will keeps increasing in the next few years. Although sales of Cabinet Hardware brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Cabinet Hardware field.