Japan Door Handles Market Size, Share, and COVID-19 Impact Analysis, By Type (Lever Handles, Knob Handles, and Pull Handles), By Application (Metal, Plastic, and Wood), and Japan Door Handles Market Insights, Industry Trend, Forecasts to 2033.

Japan Door Handles Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 3.9% from 2023 to 2033
• The Japan Door Handles Market Size is Expected to hold a significant share by 2033

The Japan Door Handles Market Size is Anticipated to hold a significant share by 2033, growing at a CAGR of 3.9% from 2023 to 2033.

Market Overview

The production, marketing, and distribution of different kinds of door handles for commercial, industrial, and residential applications are all included in the Japanese door handle market. Lever handles, knob handles, pull handles, flush handles, and smart or electronic handles are just a few of the many goods available in this industry. Furthermore, aesthetics and design are important factors that propel market expansion in Japan. Consumer tastes are influenced by shifting trends in interior and architectural design, which creates a need for door handles that complement particular finishes and styles. Technological developments that provide convenience, security, and connectivity, like the incorporation of smart features into door handles—are fueling the expansion of the Japanese market. Additionally, in Japan, urbanization and demographic shifts have resulted in 8.49 million vacant residences and a 13.8% vacancy rate. In an effort to promote home restoration and reoccupation, the government is considering tax incentives and regulatory changes in response to this high vacancy rate. The need for remodeling and restoration supplies, such as door handles, is therefore anticipated to increase. These elements are fueling the expansion of the door handle market in Japan as property developers and homeowners look for high-quality materials for remodeling.

Report Coverage

This research report categorizes the market for the Japan door handles market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan door handles market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan door handles market.

Driving Factors

The development and growth of the Japan door handle market is driven by the rising construction operations in industrial, commercial, and residential areas of Japan, and speeding up in the process of urbanization in Japan. Furthermore, in fiscal year 2023, it is anticipated that total construction investments would increase to over 70.3 trillion yen, which will further support these game-changing initiatives. The expansion and development of the Japanese door handle market is also being fueled by rising investment in the country's infrastructure and building industries.  Additionally, over ¥1.5 trillion worth of home renovation orders were placed in the first half of 2023, increasing prospects for home builders and housing equipment manufacturers. The demand for high-quality restoration components, such as door handles, is directly impacted by the increase in renovation orders, which indicates a growing demand for housing modifications and enhancements.

Restraining Factors

Geopolitical concerns, shifting demand-supply dynamics, and supply chain disruptions all contribute to the price volatility of raw materials used in the door handles sector, especially those of aluminum, brass, and stainless steel. These variations have an effect on pricing stability and production costs, which in turn affects profit margins.

Market Segmentation

The Japan door handles market share is classified into type and application.

• The lever handles equipment segment is expected to hold a significant market share through the forecast period.

The Japan door handles market is segmented by type into surface lever handles, knob handles, and pull handles. Among these, the lever handles segment is expected to hold a significant market share through the forecast period. Lever handles driven by their accessibility, usability, and ergonomic design. They are used in both business and residential settings. In keeping with modern interior design, lever handles are becoming more and more sleek and contemporary.

• The metal segment is expected to dominate the Japan door handles market during the forecast period.       

Based on the application, the Japan door handles market is divided into metal, plastic, and wood. Among these, the metal segment is expected to dominate the Japan door handles market during the forecast period. This is due to their durability and capacity to tolerate frequent use, metal handles are recommended. They provide a variety of patterns and finishes and are used in both the commercial and residential sectors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan door handles market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Seleco Hardware Decoration Products Co.
• Galbusera G. & G.
• Daya
• Kuriki Manufacture Co.
• Assa Abloy Group
• Hafele
• Allegion plc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

• This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Door Handles Market based on the below-mentioned segments

Japan Door Handles Market, By Type

• Lever Handles
• Knob Handles
• Pull Handles

Japan Door Handles Market, By Application

• Metal
• Plastic
• Wood