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Furniture Hinge Market Size, Share, Growth, and Industry Analysis, By Type (Cold-rolled steel material, Stainless steel material and Solid brass material), By Application (commercial and residential) and Regional Forecast to 2033
Region: Global | Format: PDF | Report ID: PMI1856 | SKU ID: 26442329 | Pages: 158 | Published : March, 2024 | Base Year: 2024 | Historical Data: 2020 - 2023
FURNITURE HINGE MARKET REPORT OVERVIEW
The global Furniture Hinge Market was valued at USD 3.06 billion in 2024 and is projected to reach USD 3.176 billion in 2025, steadily progressing to USD 4.281 billion by 2033, with a CAGR of 3.8% from 2025 to 2033.
Furniture hinges are a type of mechanical bearing furniture hardware usually used to attach two solid parts of furniture so that their opening and closing will not cause any problems. For outdoor use, hinges should have a rust-resistant finish.
Hinges are been used around the world and this furniture hardware is becoming super essential as it meets the needs of both business and desired aesthetics providing a streamlined look. Hinges are an important part of furniture construction because they come in many types of materials like brass, bronze, stainless steel, and copper. These hinges are constantly improving with new technologies that make them work more smoothly. Advanced manufacturing allows hinges to move with less resistance.
COVID-19 Impact
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic faced a significant challenge in the furniture industry. Particularly they faced production delays. Many manufacturing facilities were restricted to either shut down or work at reduced capacity. These restrictions affected and restricted suppliers of raw components and materials further contributing to the overall slowdown. This showed a direct impact on the availability of furniture hinges in the whole market. These factors significantly restrained the market growth of furniture hinges.
LATEST TRENDS
"Technological Innovations with Changing Consumer Preferences Propelling Market Growth"
Furniture hinges are progressively widespread as smart technologies are integrated within the furniture hardware further contributing to minimalist designs. These integrated advanced and smart technologies help to create more efficient, aesthetic, and durable products that enhance functionality. Such innovations help to cater to consumers' preferences leading to the development of modern designs with the use of modern furniture hinges.
FURNITURE HINGE MARKET SEGMENTATION
By Type
Based on type the market can be categorized into cold rolled steel material, stainless steel material, and solid brass material.
- Cold-rolled steel material: Cold-rolled steel has a tensile strength that is higher than that of hot-rolled steel. Many hinges are made of cold-rolled steel material as they are strong, long-lasting, and durable. This makes them a popular choice for many manufacturing applications.
- Stainless steel material: Stainless steel material is the most used material to produce furniture hinges. A trace of carbon is included in stainless steel since it is an alloy of iron. Stainless steel forms when carbon is added to iron. Due to the carbon substance, stainless steel home furnishings hinges are not affected by corrosion or rust.
- Solid brass material: Brass is a ductile metal that provides reliable and strong hinges. Solid brass material hinges are tremendously malleable. Brass hinges provide a quality aesthetic look making it more versatile for visual appeal.
By Application
Based on application the market can be categorized into commercial and residential.
- Commercial: Commercial furniture hinges are often designed for use in office furniture, retail spaces, educational institutes, and other commercial environments. These commercial furniture hinges often provide durability. These hinges are used on cabinets and desks.
- Residential: Residential furniture hinges are widely used within kitchen cabinets, bedroom furniture, doors, and multiple storage units.
DRIVING FACTORS
"High Durability and High Corrosion Resistance Material"
High durability and corrosion resistance features driving the furniture hinge market growth, these features are important for keeping furniture working well and lasting a long time. Using alloys or stainless steel that do not rust makes hinges stronger and needs less fixing over the years. These hinges will not get damaged by water or humidity. High-quality materials not only make hinges durable but also keep furniture looking nice. People like furniture that stays polished as design styles change. Hinges made from these strong metals can be used both inside and outside homes. This makes them appeal to more customers. This combination of durability and use of corrosion-resistant material adds more value, fostering their adoption and thereby driving the expansion of the market.
"Versatility in Design and Ability to Support Heavy Weights Contribute to Market Growth"
Furniture hinges being able to change the design easily and hold heavy weights greatly helps their sales grow. Designs that can change allow hinges to please many styles and needs. Makers can create hinges that match different furniture styles from modern and simple to traditional and detailed. It is also important that hinges can hold heavy things, especially doors, cabinets, and furniture used to carry lots of weight. Using sturdy hinges allows furniture to be safer and work better. Reliable furniture makes customers happy, and good experiences lead them to return and recommend to others. Customers appreciate furniture that is durable and high quality.
RESTRAINING FACTOR
"Retrofitting Complexities and Installation Complexities Hinder Market Growth"
Replacing old furniture hinges with newer models can be tricky. The new hinges may not fit properly if they are a different size, or design, or do not work the same as the old ones. This can discourage people from changing out their hinges. If customers do not update hinges, it hurts companies trying to sell new products and slows market growth. Setting up furniture hinges for the first time can also be challenging. Special tools or training may be needed to install hinges correctly. Complicated installation drives up costs and causes mistakes or delays. Customers may choose easier options or put off hinge re-placements if installation seems difficult. This impacts the total demand for hinges.
FURNITURE HINGE MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
"North America to Dominate the Market Due to Increasing Innovations in Furniture Industry"
North America emerges to dominate the furniture hinge market share due to multiple factors. One of the major factors is there is always a big demand for different kinds of furniture for homes and offices. This demand increases the need for good-quality hinges. Continuous innovations lie at the core of this dominance. North America has positioned itself at the forefront of modernizing furniture hinges. This commitment to innovation is complemented by different makers, fostering a sustainable furniture hinge landscape. As a result, North America stands out as a key player.
KEY INDUSTRY PLAYERS
"Major Industry Players Shaping the Landscape of Furniture Hinge Through Commitment to Quality Control"
Top companies consistently innovate new hinge ideas and products, setting the standard for hinge designs. Major players make sure their product choices match popular styles. Having suppliers around the world allows them to help make different types of hinges easy to find in many places. Additionally, their role in setting rules for the industry, commitment to quality control, and educational programs help build trust and understanding among customers and important people in the business. Partnering with other companies and taking over others also reshapes who has power in the competition, while advancing in how they make things and efforts to help the environment drive good changes within the industry.
List of Market Players Profiled
- Blum (Austria)
- Assa Abloy (Sweden)
- Simonswerk GmbH (Germany)
- Hafele (Germany)
- FGV (Malaysia)
- Dorma (Germany)
- Spectrum Brands Inc (U.S.)
- Hager Companies (U.S.)
- Ferrari (Italy)
INDUSTRIAL DEVELOPMENT
July 12, 2024: The Conecta concealed hinge recently won an important award at Interzum 2024. This event celebrates top furniture parts makers. The prize was for "High Product Quality". This shows the hinge's great qualities. It blends beauty, usefulness, and flexibility well. The Conecta hinge stands out as it hides fully inside cabinet doors. This adds elegance without hurting how smoothly doors open and close, even heavy ones. Their products are useful, easy to employ, and stylishly designed.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global furniture hinge market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
Attributes | Details |
---|---|
Historical Year |
2020 - 2023 |
Base Year |
2024 |
Forecast Period |
2025 - 2033 |
Forecast Units |
Revenue in USD Million/Billion |
Report Coverage |
Reports Overview, Covid-19 Impact, Key Findings, Trend, Drivers, Challenges, Competitive Landscape, Industry Developments |
Segments Covered |
Types, Applications, Geographical Regions |
Top Companies |
Blum Assa Abloy Simonswerk GmbH |
Top Performing Region |
North America |
Regional Scope |
|
Frequently Asked Questions
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What value is the Furniture Hinge Market expected to touch by 2033?
The Furniture Hinge Market is expected to reach USD 4.281 billion by 2033.
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What CAGR is the Furniture Hinge Market expected to exhibit by 2033?
The Furniture Hinge Market is expected to exhibit a CAGR of 3.8% by 2033.
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What are the driving factors of the furniture hinge market?
High durability, high corrosion resistance material, versatility in design, and the ability to support heavy weights are some of the driving factors of the market.
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What are the key Furniture hinge market segments?
The key market segmentation that you should be aware of, includes, based on type the furniture hinge market is classified as cold rolled steel material, stainless steel material, and solid brass material. Based on application furniture hinge market is classified as commercial and residential.
Furniture Hinge Market
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