INDUSTRY MARKET RESEARCH FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS
NEW US industry forecasts for 2012 & 2017 Industry Studies ■ Custom Research ■ Focus Reports Builders’ Hardware
Study # 2379 September 2008 $4600
Locks, safety devices to be Locks & Builders’ Hardware Demand by Product largest hardware segment Related Devices ($10.1 billion, 2007) US demand for builders’ hardware is 35% 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 Pulls & Other builders’ hardware market. Demand for Opening Devices 24% locks will be driven by the US housing market. Increases in housing comple- tions, spurred by an expected recovery by Hinges & Other the US home construction industry, will Fasteners promote demand for locks. In the 21% improvement and repair segment of residential construction, gains will be driven by continued interest in improving Other Products personal home security. Americans will 20% continue to upgrade their locks and other features that make their residences more secure. In the nonresidential market, demand for locks and related safety systems, computer desks and work sta- new construction applications will devices will be driven by a desire for tions is expected to rise, creating demand continue to account for the largest share improved security in such facilities as for furniture with many drawers, storage of builders’ hardware demand through schools, universities, hospitals and other areas and compartments, which will in 2012, demand for hardware in improve- health care facilities. For example, turn drive demand for hardware such as ments and repair applications is forecast property managers will seek to give hinges, pulls, slides and furniture locks. to have more rapid growth through 2012, individual classrooms, lecture halls, primarily as homeowners and property patient rooms and other areas their own Residential market to bene- owners and managers install improved locks to ensure the security of the inhabit- fit from rebound in housing locks and related equipment to upgrade ants and property of the room in case of structural security. lockdowns. The residential market, which accounted for 55 percent of all builders’ hardware Study coverage Furniture hardware to demand in 2007, is projected to remain the leading market for builders’ hardware This new Freedonia industry study, remain key application in 2012. As the US housing market Builders’ Hardware, is priced at $4600. It presents historical demand data (1997, Furniture applications are projected to ac- recovers from the contraction that began 2002, 2007) plus forecasts for 2012 and count for the largest share of the builders’ in 2006, demand for builders’ hardware 2017 by material, product, market, appli- hardware market in 2012, totaling 37 will also rise, as more and more homes cation and region. The study also details percent of all demand. Advances will be are completed and need doors, windows market environment factors, evaluates led by the popularity of home entertain- and furnishings. Moreover, growth in the market share and profiles 36 competitors ment systems and home offices. Demand US economy will spur home improve- in the US industry. for hutches for home entertainment ment and renovation projects, such as kitchen and bathroom remodeling. While Copyright 2008 The Freedonia Group, Inc. Visit our NEW and IMPROVED website at www.freedoniagroup.com Contents/Tables/Charts NEW US Industry Study with Forecasts for 2012 & 2017 historical data (1997, 2002, 2007) plus forecasts for 2012 and 2017 Builders’ Hardware
Introduction Hinges & Other Fastening Devices 6 Doors Outlook Hinges 7 Doors Demand for Builders’ Hardware Executive Summary Characteristics 8 Windows Outlook 1 Summary Table Types 9 Windows Demand for Builders’ Hardware Brackets 10 Safety & Protective Devices Forecast Market Environment Other 11 Safety & Protective Devices Demand Macroeconomic Outlook Handles & Other Opening Devices for Builders’ Hardware Resident Population Handles 12 Other Applications Demand Consumer Spending Trends Characteristics for Builders’ Hardware Building Construction Trends Types Residential Construction Knobs MARKETS Housing Outlook Other Residential Housing Stock Locks & Related Devices New Improvements & Repairs Mechanical Locks & Key Blanks Improvements & Repairs Nonresidential Building Construction Characteristics Nonresidential Construction Expenditures Types New Nonresidential Improvements & Repairs Nonmechanical Locks Improvements & Repairs Nonresidential Building Stock Characteristics Other Markets Manufacturing Outlook Types LIST OF TABLES & CHARTS: Historical Trends Related Equipment 1 Builders’ Hardware Demand Pricing Patterns Other Hardware by Market & End Use Environmental & Other Considerations Door Holders, Stops & Related Equipment Cht Builders’ Hardware Demand Foreign Trade Curtain Hardware by Market, 2007 World Market Casters 2 Residential Demand for LIST OF TABLES & CHARTS: Postal & Safety Deposit Boxes Builders’ Hardware 1 Macroeconomic Outlook All Other 3 New Residential Demand 2 Resident Population LIST OF TABLES & CHARTS: for Builders’ Hardware 3 Personal Income & Expenditures 1 Builders’ Hardware Demand 4 Residential I&R Demand for 4 Construction Expenditures Cht Builders’ Hardware Demand Builders’ Hardware 5 Residential Construction Expenditures by Product, 2007 5 Nonresidential Demand for 6 Residential Improvement/Repair Activity 2 Hinges & Other Fastening Builders’ Hardware 7 Nonresidential Construction Devices Demand 6 New Nonresidential Demand Expenditures 3 Handles & Other Opening for Builders’ Hardware 8 Nonresidential Improvement & Repairs Devices Demand 7 Nonresidential I&R Building Demand 9 Housing Indicators 4 Locks & Related Devices Demand for Builders’ Hardware Cht Year of Construction of 5 Furniture Hardware Demand 8 Other Markets Demand for Housing Stock, 2007 6 Other Hardware Demand Builders’ Hardware 10 Manufacturer’s Shipments 11 Historical Trends, 1997-2007 APPLICATIONS REGIONAL DEMAND 12 Foreign Trade in Builders’ Hardware Cabinets Regional Demographics & Economic Trends Cht Global Builders’ Hardware Market, 2007 Cabinets Outlook Population Builders’ Hardware Demand Economic Outlook MATERIALS Furniture Construction Activity Metals Furniture Outlook Housing Trends Steel Builders’ Hardware Demand Builders’ Hardware Demand by Region Brass Doors Northeast Other Metals Doors Outlook New England Other Materials Builders’ Hardware Demand Middle Atlantic LIST OF TABLES & CHARTS: Windows Midwest 1 Raw Materials Demand Windows Outlook East North Central in Builders’ Hardware Builders’ Hardware Demand West North Central Cht Raw Material Demand in Safety & Protective Devices South Building Materials, 2007 Safety & Protective Devices Outlook South Atlantic 2 Brass Demand in Builders’ Hardware Builders’ Hardware Demand East South Central 3 Bronze Demand in Builders’ Hardware Other Applications West South Central 4 Copper Demand in Builders’ Hardware LIST OF TABLES & CHARTS: West 5 Other Metals Demand in 1 Builders’ Hardware Demand Mountain Builders’ Hardware by Application Pacific 6 Other Materials Demand in Cht Builders’ Hardware Demand LIST OF TABLES & CHARTS: Builders’ Hardware by Application, 2007 1 US Regional Population 2 Cabinets Outlook 2 Regional Gross Domestic Product PRODUCTS 3 Cabinets Demand for Builders’ Hardware 3 Regional Construction Expenditures Builders’ Hardware Overview 4 Furniture Outlook 4 Regional Housing Sales, 5 Furniture Demand for Builders’ Hardware New Units & Stock Industry Studies ■ Custom Research ■ Focus Reports
INDUSTRY MARKET RESEARCH: BUSINESS INTELLIGENCE FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS
5 Builders’ Hardware Demand by Region Cht US Builders’ Hardware Demand products by Region, 2007 6 Northeast Builders’ Hardware Demand Demand for other related items, such as door closers, holders, plates and exit 7 Midwest Builders’ Hardware Demand devices, is forecast to advance 2.7 percent annually to 2012. Advances will be 8 South Builders’ Hardware Demand driven by the generalSA interestMPLE in making TE buildingsXT safer, by adding products that 9 West Builders’ Hardware Demand regulateData door operation illustrated or that help peoplewith leave the buildings aid safely in case of fire.
Shipmentsof 65 of locks tables and other and safety charts devices are forecast to remain essen- INDUSTRY STRUCTURE tially flat at $2.7 billion through 2012. Shipments will be negatively affected by Industry Composition imports, especially low-cost models of mechanical locks, door closers and other Market Share hardware. Many of these manufacturers are located in areas of the world where Competitive Strategies labor and materials cost far less than in the US, thus enabling them to produce Research & Development inexpensive yet high-quality hardware. However, due to security requirements, Marketing & Distribution many locks and security devices, especially advanced electromechanical locks, Acquisitions & Divestitures can only be supplied by US manufacturers. Thus, manufacturers of these items Cooperative Agreements will continue to see demand for their products rise. LIST OF TABLES & CHARTS: 1 US Builders’ Hardware Revenues TABLE IV-4 for Selected Producers, 2007 LOCKS & RELATED DEVICES DEMAND Cht US Builders’ Hardware Market Share (million dollars) by Company, 2007 2 Selected Cooperative Agreements Item 1997 2002 2007 2012 2017 3 Selected Acquisitions & Divestitures Building Construction Expenditures 536.1 707.6 938.0 1225.0 1585.0 $ locks/000$ construction 4.1 3.7 3.8 3.3 3.1 Company Profiles SAMPLE TABLE Locks & Related Devices Demand 2200 2615 3540 4030 4890 Mechanical Locks & Key Blanks 970Historical 1125 1485 data 1650 for 1955 Nonmechanical Locks 835 1070 1560 1815 2200 Related Equipment 395 1997,420 2002495 and565 735
-net imports -686 2007-394 as835 well 1335 as 2235 products Locks & Related Devices Shipments 2886Freedonia 3009 2705 forecasts 2695 2655
Hinges for 2012 and 2017 Demand for hinges is forecast to advance 1.4 percent per year to $1.9 billion in 2012. This rate is a deceleration from the 3.0 percent annual gains © Copyright by The Freedonia Group, Inc. between 1997 andS 2007,AMPLE primarily due P Ato GEthe contraction of the US residential housing market, whichExplanations negatively affected that demand for the products to which hinges are usually attached. As fewer houses were being built, fewer doors, furnishings, cabinetssupport and other each items in table’s which hinges are used were ordered by home builders.data Additionally, and homeownersforecasts delayed or put off entirely many home renovation projects, such as the installation of doors and windows, or the purchase of new furniture. Increases in the cost of gasoline, food and other items Freedonia’s methods involve: affected the discretionary income of most Americans, while rising interest rates and tightening loan standards made it more difficult for homeowners to get home equity loans, a common method of financing home repair projects. While the • Establishing consistent economic and US residential housing market it expected to rebound through 2012, new housing construction will not reach the highs of the 1997 to 2007 period. market forecasts
Gains in demand for hinges will be led by the nonresidential market. Security personnel and property managers will continue to push for the instal- • Using input/output ratios, flow charts and lation of doors and windows with reinforced hardware that can withstand heavy other economic methods to quantify data use patterns and physical attacks. Reinforced hinges can be installed on doors and windows to enhance their physical durability while ensure that the doors and windows open and close smoothly each time. As it far less expensive to replace • Employing in-house analysts who meet the hinges than to replace an entire door or window, many building managers stringent quality standards and specialists will increasingly opt to install new hinges.
Shipments of hinges and other fastening devices are projected to advance • Interviewing key industry participants, less than one percent annually to $1.7 billion in 2012. Growth in shipments CwillOMP be negativelyAN Yaffected PROFILES by competition from overseas producers, as builders experts and end users Profilesof doors, for cabinets, 36 furnishingscompetitors and other buildingsuch products increasingly opt to use low-cost imported builders’ hardware on their products. In general, gains in as ASSAshipments ABLOY, will come fromBlack increases & inDecker, the production of high-quality hinges and • Researching a proprietary database that Fortuneother fasteners Brands, that offer Ingersoll-Rand a high degree of aesthetic as well as protective qualities includes trade publications, government
and Stanley Works reports and corporate literature © Copyright by The Freedonia Group, Inc.
Order Information To order fill out the coupon below and mail to The Other Titles from The Freedonia Group Freedonia Group, or place your order by phone toll free (800) 927-5900 (US) or (440) 684-9600, or by fax (440) 646-0484, or by e-mail at World Industrial Fasteners Gutters & Downspouts [email protected] This study analyzes the global industrial US gutter and downspout demand will reach fastener industry. It presents historical demand $4.2 billion in 2011. Gutters will remain the Free Handling and Shipping data for the years 1997, 2002 and 2007 and dominant segment while gutter guards grow forecasts for 2012 and 2017 by product (e.g., There is NO charge for handling and UPS shipping the fastest. Aluminum will stay the largest ma- externally threaded, internally threaded, in the US. Expect delivery in 3 to 5 days. Outside the terial type, with plastic growing the fastest from nonthreaded, application-specific, aerospace- US, Freedonia provides free airmail service. If you a small base. The much smaller nonresidential grade), market (e.g., motor vehicles, electrical require express delivery, Freedonia provides this to market will outpace the residential sector. This and electronic equipment, industrial machinery, you at cost. study analyzes the US gutter and downspout fabricated metal products), world region and industry, with forecasts for 2011 and 2016 by major country. The study also considers market product, material, market and region. It also Save Fifteen Percent environment factors, evaluates company mar- evaluates market share and profiles major If you order three (3) different titles at the same time, ket share and profiles major producers. players. you can receive a discount of 15%. If your order is #2374...... 09/2008...... $5700 #2226...... 08/2007...... $4400 accompanied by a check, you may take a 5% cash discount (discounts do not apply to corporate use licenses). World Security Equipment World Power Tools Global demand for security equipment will Global demand for power tools will grow Credit Card Orders climb 7.8% annually through 2012. Strongest 4.1% annually through 2011. The developing gains will occur in the underdeveloped markets countries of Asia, especially China, will see the You may charge your order to either American of Asia, Eastern Europe, Africa/Middle East and Express, MasterCard or Visa. Please include your fastest growth based on rising incomes and ad- Latin America. Electronic security products will vances in residential and nonresidential build- credit card account number, expiration date and your post stronger sales advances than mechanical signature. ing construction activity. Cordless electric tools security equipment. This study analyzes the will continue to lead gains. This study analyzes $62.1 billion world security equipment industry, the $23.4 billion global power tool industry, with Orders Outside of the US with forecasts for 2012 and 2017 by product, forecasts for 2011 and 2016 by product, mar- Checks must be paid in US funds, drawn against a market, world region and for 28 countries. ket, world region and for 25 countries. It also US bank and mailed directly to The Freedonia Group. It also evaluates market share and profiles evaluates company market share and profiles For wire transfer instructions please contact our cus- industry players. major producers. tomer service department at info@freedoniagroup. #2343...... 05/2008...... $5900 #2212...... 08/2007...... $5400 com. Or you may use a credit card. World Power Corporate Use License Lawn & Garden Equipment Now every decision maker in your organization can World power lawn and garden equipment Need analysis on a topic act on the key intelligence found in all Freedonia demand will grow 3.2% yearly through 2011. studies. For an additional $2,300 you receive North America and Western Europe will stay not covered by unlimited use of an electronic version (PDF) of the the top markets while developing Asian coun- Freedonia Industry Studies? study. Place it on your Intranet, e-mail it to coworkers tries grow the fastest. Lawn-mowers will remain around the world, or print it as many times as you the largest segment while turf and grounds Call Customer Service like! Order it today. equipment lead gains. This study analyzes the $16 billion world power lawn and garden equip- for details on Online Access ment industry, with forecasts for 2011 and 2016 Freedonia Custom by product, world region and for 22 nations. It The complete text and tables from our studies and also evaluates market share and profiles major reports can be purchased at our website Research players. www.freedoniagroup.com and through major #2246...... 10/2007...... $5500 commercial online hosts.
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