Learn about the global hardware market through The Business Research Company, which provides information on hardware market size, hardware market drivers and restraints, hardware market players, the COVID-19 impact on the hardware market, and more.

The global hardware market is expected to grow from $90.37 billion in 2020 to $107.03 billion in 2021 at a compound annual growth rate (CAGR) of 18.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $142.76 billion in 2025 at a CAGR of 7%.

Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the hardware manufacturing market.

Request A Sample For The Global Hardware Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2859&type=smp

The hardware market consists of the sales of metal hardware by entities (organizations, sole traders or partnerships) that produce metal hardware, such as metal hinges, metal handles, keys, and locks (except coin-operated, time locks).

Global Hardware Market Segments Include:

By Type: Furniture Hardware, Motor Vehicle Hardware, Builder’s Hardware, Other Hardware

By End User: B2B, B2C

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global hardware market, accounting for 43% of the market in 2020.

Many hardware manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns.

TBRC’s hardware market report covers:

Major Market Players: Allegion, Spectrum Brands, Assa Abloy, Aoyama Seisakusho (Japan), Ningbo Jiulong Fasteners.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Hardware Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides hardware market overviews, analyses and forecasts market size, share, hardware market players, hardware market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hardware market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Hardware Support Services Global Market Report 2021

Computer Hardware Global Market Report 2021

Communications Hardware Global Market Report 2021

Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Blog: https://blog.tbrc.info/
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model