The 2023-2028 World Outlook for Builders' Hardware

The 2023-2028 World Outlook for Builders' Hardware

This study covers the world outlook for builders' hardware across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers builders' hardware as defined by the North American Industrial Classification system or NAICS (pronounced nakes).

The NAICS code for builders' hardware is 3325104. It is for this definition that aggregate latent demand estimates are derived. Builders' hardware is specifically defined as follows:

3325104 BUILDERS’ HARDWARE

33251042 Bored doorlocks, locksets, and lock trim, cylindrical and tubular (except deadlocks)

33251043 Architectural trim and other miscellaneous closet hardware

33251044 Screen and storm door hardware (including pneumatic and hydraulic closers and window locks)

33251045 Hinges and cabinet hardware

33251046 Other builders’ hardware

33251047 Padlocks and locksets

3325104216 Bored doorlocks, locksets, and lock trim, cylindrical and tubular (except deadlocks)

3325104336 All other miscellaneous architectural trim (sold separately) (including protection plates, push plates, pulls, push pull bars, lock trim, etc.)

3325104341 Key blanks