Furniture Fittings Market Report 2024 (Global Edition)

Global Furniture Fittings Market Report 2024 Market Size Split by Product (Handles and Pulls, Screws or Fasteners, Hinges, Connectors, Drawer Slides, Knobs, Legs, Others), by Application (Bedroom, Liv...

Furniture Fittings Market Report Description

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Furniture Fittings Market Insights Video

Competitive Landscape of Furniture Fittings Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Furniture Fittings market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

Furniture Fittings Industry News

• July 2023, Devatha industries explains the significance of Office Chair Manufacturers in Creating a Supportive Work Environment. Devatha Industries, likely a company specializing in office furniture or related solutions, took the opportunity to emphasize the crucial role played by office chair manufacturers in shaping a conducive and supportive work environment.

(Source: www.devathaindustries.com/office-chair-manufacturers-in-creating-supportive-work-environment.html)

Top Companies Market Share in Furniture Fittings Industry: (In no particular order of Rank)

• 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
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the Asia Pacific Furniture Fittings Market share was 36% of the total market

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 36% of the global revenue. This regional dominance reflects the significant demand for furniture and furniture fittings in Asia Pacific, driven by population growth, urbanization, and increasing disposable incomes. The region's expanding construction and real estate sectors have contributed to a surge in demand for furniture and fittings, both in the residential and commercial segments. Additionally, Asia Pacific's diverse consumer preferences and the growth of e-commerce have further propelled the market's prominence in the region, making it a key player in the global furniture fittings industry.

Europe is the fastest-growing category as the region is known for its design-conscious consumers who often seek high-quality, aesthetically pleasing, and functional furniture and fittings. As a result, manufacturers and suppliers have been innovating to meet these demands, driving growth in the industry.

The current report Scope analyzes Furniture Fittings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Furniture Fittings Market

According to Cognitive Market Research, North America’s dominance in holding the major market share in 2023, accounting for more than 26% of the global revenue, will expand with a CAGR of 4.3% from 2023 to 2030. In North America, the direct segment emerged as the dominant force in the market, highlighting a strong preference among consumers for direct purchasing channels, possibly facilitated by manufacturers or proprietary sales platforms. This substantial market share can be attributed to North America's robust furniture market, driven by factors such as housing construction, renovation projects, and commercial developments. The region's dynamic consumer preferences, which often prioritize aesthetics, functionality, and technological integration, contribute to the demand for various furniture fittings. The growing emphasis on sustainable and eco-friendly solutions in North America also impacts the industry, leading to the development of eco-conscious fittings. 

Europe Furniture Fittings Market

According to Cognitive Market Research, Europe’s dominance in holding the major market share in 2023, accounting for more than 28% of the global revenue, will expand with a CAGR of 4.5% from 2023 to 2030. Within the European market, the bedroom segment has asserted dominance, indicating a prevalent consumer preference for furniture and accessories tailored for bedroom spaces. This trend is likely driven by a combination of factors such as a growing focus on home aesthetics, a desire for personalized and comfortable sleeping environments, and an increasing emphasis on bedroom decor as an integral part of overall interior design. This substantial market share can be attributed to Europe's strong tradition of craftsmanship, design, and quality in furniture and furniture fittings. Europe has a well-established market for high-quality and innovative furniture, catering to both residential and commercial sectors. This substantial presence underscores Europe's pivotal role in this sector, attributed to its rich heritage of craftsmanship, design excellence, and commitment to quality in furniture and furniture fittings.

Asia Pacific Furniture Fittings Market

According to Cognitive Market Research, Europe’s dominance in holding the major market share in 2023, accounting for more than 36% of the global revenue, will expand with a CAGR of 4.3% from 2023 to 2030.  In the Asia-Pacific region, the handles and pulls segment emerged as the market leader, underscoring the heightened demand for these essential furniture components. This dominance can be attributed to the increasing emphasis on interior aesthetics and functional design across residential and commercial spaces. This is driven by several factors, including the region's robust construction and real estate sectors, a burgeoning middle class with increased disposable income, and a growing demand for both residential and commercial furniture. Asia Pacific's diverse and rapidly urbanizing population contributes to the demand for furniture fittings across various applications. 

South America Furniture Fittings Market

According to Cognitive Market Research, Latin America’s dominance holds the major market share in 2023, accounting for more than 5% of the global revenue. It will expand with a CAGR of 5.2% from 2023 to 2030. Within the European market, the bedroom segment has asserted dominance, indicating a prevalent consumer preference for furniture and accessories tailored for bedroom spaces.  While this market share is smaller compared to some other regions, it signifies Latin America's contribution to the industry. In conclusion, Cognitive Market Research's findings underscore Latin America's presence in the global Furniture Fittings Market, with a share surpassing 5% of the total revenue in 2023. Although this market share may be relatively smaller compared to other regions, it signifies Latin America's notable contribution to the industry.

Middle East and Africa Furniture Fittings Market

According to Cognitive Market Research, MEA’s dominance in holding the major market share in 2023, accounting for more than 4% of the global revenue, will expand with a CAGR of 5.3% from 2023 to 2030. In the Middle East and Africa, the bedroom segment asserted its dominance in the market, indicative of a regional inclination towards investing in furniture and accessories tailored for bedrooms. While this market share may be smaller compared to some other regions, it highlights the ongoing development and demand for furniture and fittings in the Middle East and Africa. This market share reflects the region's role in the global market, underscoring its potential for further expansion and development in the furniture fittings industry. Despite this market share being comparatively smaller than some other regions, it signifies the region's evolving development and increasing demand for furniture and fittings.

Furniture Fittings Market Analysis

Product Segment Analysis of Furniture Fittings Market

According to Cognitive Market Research, handles and pulls held the major market share over the forecast period. Handles and pulls are essential components used in a wide range of furniture and cabinet applications. They not only serve a functional purpose but also contribute significantly to the aesthetics of furniture, making them a staple product category in the market. This dominance could be attributed to the enduring demand for furniture that incorporates handles and pulls, as they are integral to the usability and design of cabinets, drawers, and doors. However, market dynamics can change over time due to shifting consumer preferences and evolving design trends, so it's crucial for businesses in this sector to remain adaptable and responsive to the evolving needs of their customers.

Screws or fasteners are the fastest-growing category over the forecast period due to the industrial and commercial applications. The use of screws and fasteners extends beyond residential furniture and into industrial and commercial applications, which can contribute to the category's growth.

• Handles and Pulls
• Screws or Fasteners
• Hinges
• Connectors
• Drawer Slides
• Knobs
• Legs
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Furniture Fittings Industry. Request a Free Sample PDF!

Application Segment Analysis of Furniture Fittings Market

According to Cognitive Market Research, the living room segment holds a prominent market share in the furniture fittings industry. This prominence can be attributed to the central role of living room furniture in homes, as it serves as a focal point for relaxation and entertainment. With consumers placing high importance on the aesthetics and functionality of living room spaces, there is a consistent demand for a wide range of furniture fittings, including handles, knobs, hinges, and drawer slides, to enhance the design and usability of living room furniture.

Bedrooms emerge as the fastest-growing category in the furniture fittings market over the forecast period. Several factors contribute to this accelerated growth. Bedrooms are personal sanctuaries, and consumers increasingly seek furniture and fittings that combine comfort, style, and functionality. With the rising trend of bedroom makeovers and renovations, there is a surge in demand for a wide range of furniture fittings, such as handles, pulls, hinges, and drawer slides that enhance the aesthetics and usability of bedroom furniture. Additionally, as bedroom designs evolve to accommodate smart and space-saving solutions, the demand for innovative and customized fittings is on the rise.

• Bedroom
• Living Room
• Dining Room
• Hotel
• Office
• Bathroom
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Furniture Fittings End User Segment Analysis

According to Cognitive Market Research, the commercial sector holds a prominent market share in the furniture fittings industry. This prominence can be attributed to the extensive use of furniture and fittings in various commercial settings, including offices, hotels, restaurants, and other business establishments. The demand for durable, functional, and aesthetically pleasing fittings in the commercial sector is driven by the need to create inviting and efficient spaces for customers, clients, and employees. Furthermore, the commercial segment's requirements often encompass larger quantities of furniture and fittings, contributing to its significant market share.

The residential/household category emerges as the fastest-growing segment in the furniture fittings market over the forecast period. Several factors contribute to this accelerated growth. The residential sector encompasses a wide range of applications, from individual homes to apartments, and consumers continuously seek furniture fittings that improve the functionality and aesthetics of their living spaces. With an increasing trend in home renovations, remodelling, and new housing construction, there is a substantial demand for a variety of furniture fittings, including handles, pulls, hinges, and knobs, that enhance the usability and design of household furniture.

• Residential/Household
• Commercial

Furniture Fittings Distribution Channel Segment Analysis

According to Cognitive Market Research, the direct distribution channel holds a prominent market share in the furniture fittings industry. This prominence suggests that many manufacturers and suppliers of furniture fittings are selling their products directly to customers. Direct distribution channels often involve manufacturers or wholesalers selling their products through their own retail outlets, websites, or showrooms, allowing them to have more control over the customer experience and potentially offering a more comprehensive product range. The direct distribution channel is known for providing a seamless and efficient purchasing process, enabling customers to interact directly with the manufacturer or supplier.

The indirect distribution channel emerges as the fastest-growing category in the furniture fittings market over the forecast period. This trend is indicative of the expanding role of intermediaries such as retailers, wholesalers, and e-commerce platforms in the distribution of furniture fittings. Indirect distribution channels often provide customers with a wide variety of options, competitive pricing, and the convenience of one-stop shopping. The rapid growth of e-commerce, in particular, has amplified the reach and efficiency of indirect distribution, allowing customers to access a broad range of products and compare offerings easily.

• Direct
• Indirect

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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