Germany Door Handles Market size is projected to grow at a CAGR of 2.9% during 2024-2030F

On the basis of product type, lever handle attained the highest revenue share in Germany Door Handles Market – 6Wresearch

By Product type, the Lever Handle segment accounted for the highest revenue share in 2023 since Lever handles are preferred over other types due to their accessibility, safety in emergencies, and compliance with Equal Opportunity Act (Disability Equality Act – BGG). Their universal design, aesthetic variety, and convenience make them popular for users of all abilities, enhancing both functionality and appeal in door handle selection.

According to 6Wresearch, Germany Door Handles Market size is projected to grow at a CAGR of 2.9% during 2024-2030F. The German door handle market is set for substantial growth due to increased construction, renovations, and notable projects, with a significant opportunity in renovating aging buildings. Additionally, the surge in the hospitality sector, marked by the construction of numerous hotels, is expected to drive considerable demand for door handles. Germany international tourism has surged to 920 million visitors in 2022, driving demand for accommodations and leading to the opening of 87 new hotels with 15,500 rooms in 2021. The anticipated expansion in the hospitality industry, including 275 new 4-star hotels and 9,232 keys in 5-star hotels, is expected to fuel demand for premium door Handle as investors prioritize aesthetics and brand identity.

The German residential sector is projected to see a 32% decline in new housing construction from 2023 to 2025 due to the European Central Bank unexpected interest rate increase to 4 percent. This is poised to significantly impact the door handle market, causing challenges for manufacturers, suppliers, and retailers, including heightened competition and pricing pressures.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, with approximately 18 million residential buildings in Germany, the demand for door Handle is higher in this sector compared to commercial buildings. Factors such as increased frequency of use, customization preferences, privacy and security needs, larger residential spaces, and ownership responsibilities contribute to this heightened demand.

The Germany Door Handles Market (2024-2030) report provides an in-depth analysis with 17 figures and 7 tables, covering 73 pages. The report comprehensively covers the market by product type, material type, price range and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.