Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
The global Furniture Fittings market size was valued at USD 30954.18 Million in 2022 and will reach USD 40542.4 Million in 2028, with a CAGR of 4.6% during 2022-2028.
Furniture Fitting is the fixings, fittings and individual pieces needed to create a working, durable piece of furniture to enhance its functionality or appearance.
Influence of COVID-19 Outbreak on Furniture Fittings Industry Development
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Furniture Fittings industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Furniture Fittings industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Market Opportunity and Drivers Analysis
The sales of furniture fittings are influenced by the furniture market, which has a strong positive correlation with the country's macroeconomic performance. In the stage of economic recovery and prosperity, market transactions are active, demand is strong, commodities sell well, production tends to rise, unemployment rate decreases, residents have more abundant disposable income, the demand for furniture fittings products is also more robust; while in the stage of economic recession and depression, market demand is weak, under-ordering, production shrinks, unemployment rate rises, the shrinkage of disposable income constrains the demand for furniture fittings products.
Wide range of product applications, with upstream costs dominated by bulk commodities
Furniture fittings are widely used and are key components of modern architecture. As auxiliary and accessory manufactured goods used in everyday life and industrial production, furniture fittings are widely used and have a large market volume. The industry can be divided into architectural hardware, tool hardware, daily-use hardware and gas stoves according to the use of the products. Architectural hardware products include door and window hardware, door control hardware, point-supported glass curtain wall fittings, stainless steel fence fittings and plumbing hardware. In recent years, with the improvement of people's living standards and the development of building safety, building energy-saving and building decoration, the important role of architectural hardware as a key component of modern buildings has become more and more prominent.
Furniture fittings products are gradually moving towards high-end.
Furniture fittings will gradually shift to the buyer's market, more popular in high-end products. Furniture fittings in the overall value of the building are relatively low, but the impact of furniture fittings on the quality of life of people living in great, with the improvement of people's quality of life and labor costs rise in the maintenance, repair costs rise, poor and fragile low-end hardware products brought about by the huge update and maintenance costs make real estate companies, decoration companies, ordinary residents are more concerned about the quality of hardware products. With the continuous improvement of people's living standards, the rapid development of modern technology, and the attention paid by countries or regions to the energy-saving construction, the extensive use of high-end furniture fittings will become the main development trend of future furniture fittings.
Region Overview:
United States had the highest growth rate of all regions.
Company Overview:
Blum Inc is one of the major players operating in the Furniture Fittings market, holding a share of 5.02% in 2021.
Blum is a family-owned international company specialized in the production and distribution of functional furniture fittings. The main product groups are lift-, hinge-, box- and runner systems for home furniture – in particular for kitchens.
Hettich is one of the world's leading manufacturers of furniture fittings. The company's headquarters are located in the eastern Westphalian town of Kirchlengern. Hettich has remained a family owned business.
Segmentation Overview:
Among different product types, Stainless Steel segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Dining Room segment occupied the biggest share from 2017 to 2022.
The Furniture Fittings market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Furniture Fittings market covered in Chapter 4:
Knape & Vogt Manufacturing Company
FGV
Accuride
ASSA ABLOY
GRASS
Hafele
Salice
Guangdong Dongtai Hardware
Hettich
Taiming
Blum Inc
Higold
Bohle AG
SACA Precision
King Slide
In Chapter 12 and Chapter 14.1, on the basis of types, the Furniture Fittings market from 2018 to 2028 is primarily split into:
Zinc Alloy
Aluminum Alloy
Iron
Plastic
Stainless Steel
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Furniture Fittings market from 2018 to 2028 covers:
Bedroom
Living Room
Dining Room
Hotel
Office
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Furniture Fittings market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Furniture Fittings market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Furniture Fittings industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Furniture Fittings industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Furniture Fittings market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Furniture Fittings market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Furniture Fittings market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Furniture Fittings market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Furniture Fitting is the fixings, fittings and individual pieces needed to create a working, durable piece of furniture to enhance its functionality or appearance.
Influence of COVID-19 Outbreak on Furniture Fittings Industry Development
The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Furniture Fittings industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Furniture Fittings industry will gradually weaken. Production and sales will return to the original level and gradually increase.
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.
Market Opportunity and Drivers Analysis
The sales of furniture fittings are influenced by the furniture market, which has a strong positive correlation with the country's macroeconomic performance. In the stage of economic recovery and prosperity, market transactions are active, demand is strong, commodities sell well, production tends to rise, unemployment rate decreases, residents have more abundant disposable income, the demand for furniture fittings products is also more robust; while in the stage of economic recession and depression, market demand is weak, under-ordering, production shrinks, unemployment rate rises, the shrinkage of disposable income constrains the demand for furniture fittings products.
Wide range of product applications, with upstream costs dominated by bulk commodities
Furniture fittings are widely used and are key components of modern architecture. As auxiliary and accessory manufactured goods used in everyday life and industrial production, furniture fittings are widely used and have a large market volume. The industry can be divided into architectural hardware, tool hardware, daily-use hardware and gas stoves according to the use of the products. Architectural hardware products include door and window hardware, door control hardware, point-supported glass curtain wall fittings, stainless steel fence fittings and plumbing hardware. In recent years, with the improvement of people's living standards and the development of building safety, building energy-saving and building decoration, the important role of architectural hardware as a key component of modern buildings has become more and more prominent.
Furniture fittings products are gradually moving towards high-end.
Furniture fittings will gradually shift to the buyer's market, more popular in high-end products. Furniture fittings in the overall value of the building are relatively low, but the impact of furniture fittings on the quality of life of people living in great, with the improvement of people's quality of life and labor costs rise in the maintenance, repair costs rise, poor and fragile low-end hardware products brought about by the huge update and maintenance costs make real estate companies, decoration companies, ordinary residents are more concerned about the quality of hardware products. With the continuous improvement of people's living standards, the rapid development of modern technology, and the attention paid by countries or regions to the energy-saving construction, the extensive use of high-end furniture fittings will become the main development trend of future furniture fittings.
Region Overview:
United States had the highest growth rate of all regions.
Company Overview:
Blum Inc is one of the major players operating in the Furniture Fittings market, holding a share of 5.02% in 2021.
Blum is a family-owned international company specialized in the production and distribution of functional furniture fittings. The main product groups are lift-, hinge-, box- and runner systems for home furniture – in particular for kitchens.
Hettich is one of the world's leading manufacturers of furniture fittings. The company's headquarters are located in the eastern Westphalian town of Kirchlengern. Hettich has remained a family owned business.
Segmentation Overview:
Among different product types, Stainless Steel segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Dining Room segment occupied the biggest share from 2017 to 2022.
The Furniture Fittings market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Furniture Fittings market covered in Chapter 4:
Knape & Vogt Manufacturing Company
FGV
Accuride
ASSA ABLOY
GRASS
Hafele
Salice
Guangdong Dongtai Hardware
Hettich
Taiming
Blum Inc
Higold
Bohle AG
SACA Precision
King Slide
In Chapter 12 and Chapter 14.1, on the basis of types, the Furniture Fittings market from 2018 to 2028 is primarily split into:
Zinc Alloy
Aluminum Alloy
Iron
Plastic
Stainless Steel
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Furniture Fittings market from 2018 to 2028 covers:
Bedroom
Living Room
Dining Room
Hotel
Office
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Furniture Fittings market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Furniture Fittings market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Furniture Fittings industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Furniture Fittings industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Furniture Fittings market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Furniture Fittings market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Furniture Fittings market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Furniture Fittings market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
