Global Residential Hardware Market was valued at USD 10 Billion in 2022 and is projected to reach USD 15 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030.
The residential hardware market is experiencing rapid growth, driven by evolving consumer preferences, technological innovations, and increasing demand for smart home solutions. Key segments of the market include home security systems, smart locks, lighting controls, and home automation devices, all of which contribute to improving convenience, safety, and energy efficiency in modern households.
One of the most prominent trends in the residential hardware market is the rise of smart home technology. The integration of IoT (Internet of Things) into household devices has made it easier for homeowners to control various systems, from lighting to heating, with just a tap on their smartphone. In fact, the smart home market is expected to surpass $100 billion by 2026, showing a significant shift toward connectivity and automation in residential settings.
Security hardware is another essential driver in the market. With an increasing emphasis on home security, products like video doorbells, surveillance cameras, and smart locks are becoming a staple in households worldwide. According to recent statistics, the global smart security market is projected to grow at a compound annual growth rate (CAGR) of over 20% in the next five years. These innovations provide homeowners with peace of mind, knowing they can monitor and secure their homes remotely.
Energy efficiency is another important factor influencing residential hardware trends. The market for energy-efficient devices, such as programmable thermostats, smart lighting systems, and eco-friendly appliances, continues to grow as consumers seek ways to reduce their environmental impact and lower energy bills. According to industry reports, these energy-efficient products will contribute significantly to the market's overall expansion.
As the demand for residential hardware continues to increase, manufacturers are focusing on developing high-quality, user-friendly products that meet the needs of today’s homeowners. The market is also seeing significant growth in emerging markets, as more people embrace modern technologies and seek solutions that make their homes safer, more efficient, and more connected.
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Assa Abloy
Haefele
Allegion
G-U
Dormakaba
Guangdong Huitailong Technology Co.
Ltd
Kinglong
Archie
Guangdong Bida Bida
Gmt
Ekf
Norto Hardware
Vbh
Topstrong
Renas Hardware
Eco
Sseleco
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Residential Hardware Market
Door and Window
Furniture
Others
Based on Types the Market is categorized into Below types that held the largest Residential Hardware market share In 2023.
Hinges
Locks
Floor Springs
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Residential Hardware Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Residential Hardware Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Residential Hardware Market, By Type
6. Global Residential Hardware Market, By Application
7. Global Residential Hardware Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Residential Hardware Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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