The rise in beautifying residential and commercial buildings on account of rapid urbanization upheld with technological innovations had surged the manufacturing of hardware fittings. As per Allied Market Research report, the global hardware industry generated USD 15.96 billion in 2018 and is expected to reach USD 23.27 billion by 2026, registering a CAGR of 6.8 per cent from 2019 to 2026. Although a rise in raw material prices and fluctuations in foreign currencies hinder market growth, affordable housing structures have created new opportunities in the market. The residential segment holds the highest market share in the global hardware market, while the industrial segment is expected to register the fastest CAGR of 5.2 per cent from 2019 to 2026.
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India’s architectural hardware industry ha Read More.........