Locks, safety devices to be largest hardware segment. US demand for builders’ hardware is projected to advance 1.9 percent per year to $11 billion in 2012. Gains will be driven by demand for locks and other safety devices, which are also forecast to account for the largest share of the US builders’ hardware market. Demand for locks will be driven by the US housing market. Increases in housing completions, spurred by an expected recovery by  the US home construction industry, will promote demand for locks. In the improvement and repair segment of residential construction, gains will be driven by continued interest in improving personal home security. Americans will continue to upgrade their locks and other features that make their residences more secure. In the nonresidential market, demand for locks and related safety devices will be driven by a desire for  improved security in such facilities as schools, universities, hospitals and other health care facilities. For example, property managers will seek to give individual classrooms, lecture halls, patient rooms and other areas their own locks to ensure the security of the inhabitants and property of the room in case of lockdowns.

Furniture hardware to remain key application

Furniture applications are projected to account for the largest share of the builders’ hardware market in 2012, totaling 37 percent of all demand. Advances will be  led by the popularity of home entertainment systems and home offices. Demand for hutches for home entertainment systems, computer desks and work stations is expected to rise, creating demand for furniture with many drawers, storage  areas and compartments, which will in turn drive demand for hardware such as hinges, pulls, slides and furniture locks.

Residential market to bene- fit from rebound in housing

The residential market, which accounted for 55 percent of all builders’ hardware demand in 2007, is projected to remain the leading market for builders’ hardware in 2012. As the US housing market recovers from the contraction that began in 2006, demand for builders’ hardware  will also rise, as more and more homes are completed and need doors, windows and furnishings. Moreover, growth in the US economy will spur home improvement  and renovation projects, such as kitchen and bathroom remodeling. While new construction applications will continue to account for the largest share of builders’ hardware demand through 2012, demand for hardware in improvements and repair applications is forecast to have more rapidgrowth through 2012, primarily as homeowners and property  owners and managers install improved locks and related equipment to upgrade structural security.

Study coverage

This new industry study, Builders Hardware, is priced at $4600. It presents historical demand data (1997, 2002, 2007) plus forecasts for 2012 and 2017 by material, product, market, application and region. The study also details market environment factors, evaluates market share and profiles 36 competitors in the US industry.

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