Barn Door Hardware Market Analysis

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Barn Door Hardware Market – Insights  The hardware used for installing a barn door includes hangers, track, rollers,             jump blocks, door guides, standoffs and stops. Several advantages of barn           doors include easy installation, space saver and versatile design offerings.                           An increasing demand for household organization products coupled with         increasing consumer spending and disposable household income are fueling         growth of the global barn door hardware market. For instance, according to             Organization for Economic Co-operation and Development’s (OECD) data       published in 2018, the adjusted gross disposable income of household per           capita in European Union (28 countries) increased to US$ 30,143 thousands in           2017 up from US$ 29,128 thousands in 2016. Moreover, in Euro zone (18             countries), the disposable income increased to US$ 32,132 thousands in 2017         from US$ 31,071 thousands in 2016.                                                                                                 

2. On the basis of product type, box rail hardware segment is expected to witness                 significant growth in the global barn door hardware market over the forecast             period. Box rail sliding barn doors are available in single and bypassing             operation. The box rail heavy duty bypass barn hardware has 2 pieces of rollers             which are designed to hold maximum door weight.                                                      The global ​barn door hardware market was valued at US$ 1,680.2 million in           2018, and is expected to exhibit a CAGR of 3.5% over the forecast period               (2019-2027), to reach US$ 2,272.1 million by 2027.                                North America is expected to be a lucrative region in the global barn door               hardware market. The rapidly growing residential construction industry is         driving demand for interior designing products such as barn doors in North           America. This has led to an increase in demand for barn door hardware.             According to data published by the U.S. Census Bureau, in the U.S., the             residential construction industry was valued at US$ 515.9 billion in 2017, which         was 10.6% higher compared to 2016.                                                                                    Figure 1. Global Barn Door Hardware Market Share (US$ Mn), By Region,  2018    Source: Coherent Market Insights, 2018-19  Among regions, Asia Pacific is expected to witness significant growth in the           global barn door hardware market over the forecast period. This is attributed to                                        

3. presence of emerging economies such as India which are witnessing rapid         growth in the construction sector. According to India Brand Equity Foundation‘s           (IBEF) report on Infrastructure (June 2018), the government of India allocated           US$ 92.22 billion for the infrastructure sector in the Union Budget 2018-19.                                        Europe is expected to witness a lucrative growth in the global barn door             hardware market by 2021. In Europe, sliding barn doors are used extensively in             residential constructions such as apartments and hotel rooms for better access         to natural light and fresh air. The barn doors are also used in offices and               automotive sales areas as they offer a soundproof and visually accessible               private office space.                                                                    The increase in disposable income has led to adoption of interior designing           services among residential and commercial buildings, which is driving growth         of the market. For instance, according to Organization for Economic           Co-operation and Development’s (OECD) data published in 2018, the adjusted       gross disposable income of household per capita in European Union was valued           at 29,128 thousands in 2016, which increased to US$ 30,143 thousands in             2017.                                                                              Figure 2. Global Barn Door Hardware Market Share (%), Analysis, By Product  Type, 2018   

4. Source: Coherent Market Insights, 2018-19  Players operating in the global barn door hardware market are focused on             adopting various growth strategies such as new product launches, and mergers         and acquisitions to enhance their consumer base. For instance, in December           2019, MWE North America, one of the leading players in the barn door hardware               market based in the U.S., launched a highly engineered sliding wheel for barn               door application. The wheel allows free rotation around curved rails and moves             flat door panels in curved areas.                                                                              Furthermore, in February 2019, MWE North America, partnered with ARCAT Inc.           to design premium door hardware software - SpecWizard. The system allows           the customers to configure door hardware and identify the building products’           specifications. This is expected to help the company to cater to the customers'             requirements.                                                    Major players operating in the global barn door hardware market include Smart             Standard, MWE North America, Specialty Doors, RW Hardware, Custom Service         Hardware Inc., Rustica Hardware, Spectrum Brands, Inc., Real Carriage Door &         Sliding Hardware, Artisan Hardware, and Agave Ironworks, LLC among others.                                          1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/barn-door-hardware-market-3503

5. About Us: ​ Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis Services •​Business Consulting Services •​Market Intelligence Services •​Long term Engagement Model •​Country Specific Analysis Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

6. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook​​Linkedin​​Twitter https://www.coherentmarketinsights.com/