Architectural hardware is a niche within the broader construction and design industry. This niche includes a wide range of products like door handles, hinges, window fittings, locks, and more. Architectural hardware plays an indispensable role in the functioning of any design or product. The latest developments in the industry have created a favourable environment for the growth of the glass hardware fittings market in India. In this chapter of The Editor’s Take, we explore the intricacies of the architectural hardware fittings market in India. Read on to gain a deeper knowledge of the current scenario, market segmentation, growth factors, key challenges, and future of the market.
Architectural hardware fittings market in India – The current scenario
The architectural hardware market in India is forecasted to experience substantial growth till the year 2026. The growth of the market is positively influenced by the expansion of the construction industry and is closely linked to the development of the fenestration industry. A more knowledgeable and demanding consumer has emerged as a result of the launch of doors and windows with specialty hardware, such as tilt-and-turn windows, slide-and-fold doors, lift-and-slide windows, etc. Furthermore, consumers have started opting for automated security solutions. This has resulted in the rise of smart locks, integrated security systems, and electronic access controls. These technological innovations have increased the demand for advanced glass hardware. The market is currently dominated by leading names such as ASSA Abloy, Ozone, Godrej, Hafele, and Hettich. These brands are continuously launching quality glass fittings that are compatible with contemporary market demands.
Market segmentation
The Indian architectural hardware market can be segmented on the basis of application and end-user. In the context of application, the market is segmented into furniture, shower, doors, and windows. Architectural hardware includes components such as handles, hinges, patch fittings, spider fittings, locks, and more. While components such as glass door connectors, seals, towel bar handles etc. are used for successfully designing shower enclosures.
On the basis of end-users, the market is segmented into industrial, commercial, and residential sectors. Glass hardware is essential to the proper functioning of residential, commercial and industrial structures like homes, offices, hotels, and warehouses.
Factors driving the growth of the architectural hardware fittings market in India
Image Source: Ozone.in
The growth of the Indian architectural hardware market can be attributed to a number of favourable factors working together. There has been a steady rise in construction projects be it commercial developments or renovation projects. The increase in public infrastructure undertakings such as hospitals, airports, malls, and educational institutions has also been conducive for the glass hardware fittings market in India. Another crucial growth factor for the industry is the ever-increasing demand for aesthetic solutions for living spaces. This has caused a shift in the decision-making power from the local carpenters to architects, interior designers, and consumers.
Frameless glass doors and concealed hinges are some examples of how modern interior designs have started using glass fittings to elevate their aesthetic value. Modern consumers demand solutions that are aesthetic, convenient, and space efficient. Glass door partition systems, such as Ozone Stealth Series sliding systems, are being used to design multifunctional spaces; the partition slides to open to create a more expansive area and slides close to maintain privacy. Also, manufacturers have started releasing products in multiple finishes, shapes, and patterns and have started introducing advancements such as soft close mechanisms, and minimal hardware to meet the need for modern, convenience, and aesthetic-focused designs. Furthermore, with the advent of IoT and smart homes, the industry has also seen the rise of digital locks that provide remote access through smartphones.
Key challenges affecting the market
The architectural hardware market in India is faced with several challenges that affect its competitiveness and profitability. Fluctuations in raw material prices have a considerable impact on the industry. The prices are affected by global economic conditions and have the power to significantly reduce product margins thereby affecting profitability.
The market demands the adoption of advanced technologies to keep up with the competition. Some manufacturers have difficulty integrating new technologies because of financial limitations or lack of awareness about their benefits. Furthermore, these challenges are intensified by the import of hardware products from countries with lower production costs. This negatively affects domestic manufacturers’ share in the market since oftentimes they cannot match the price-to-performance ratio of these imports. Also, consumers believe that imported hardware products are superior in quality which makes it difficult for domestic brands to survive.
The glass hardware fittings market in India relies upon EU codes for its hardware products. However, these standards and criteria are only followed by the top manufacturers in the industry. Additionally, builders or developers fail to take into consideration these standards during the design stage which makes this system partially compatible.
The road ahead for the architectural hardware market in India
Image Source: Novacvavidros.com.br
While the industry faces several challenges it still holds vast potential for growth. As the market dynamics play out, it is essential for manufacturers to remain responsive to the ever-increasing consumer demands. Innovative design and advanced technology will help manufacturers in keeping up with these demands while also delivering superior functionality and user experience.
Stay tuned to our Editor’s Take series for updates on the exciting developments in the interior design and building materials industry.
List of top 13 hardware companies in India (with products)
Hardware Fittings play an important role in every type of construction. Whether it is for residential or commercial purposes,
