Global Fire Door Hardware Market Size By Type (Fire Timber Doors, Fire Steel Doors), By Application (Industry, Commercial), By Region, And Segment Forecasts, 2023 to 2031

The Global Fire Door Hardware Market was valued at USD 5.3 billion in 2023 and is projected to reach USD 8.6 billion by 2031, growing at a CAGR of 6.5% during the forecast period from 2023 to 2031. The increasing demand for fire safety in residential, commercial, and industrial spaces, coupled with stringent government regulations regarding fire safety compliance, is driving market growth. Fire door hardware plays a critical role in ensuring the safe exit during emergencies by maintaining the integrity of fire-rated doors. These products include a range of components such as door closers, exit devices, hinges, and seals designed to prevent the spread of fire and smoke.

Drivers:

Stringent Fire Safety Regulations: Government regulations mandating fire safety measures in buildings are propelling the demand for fire door hardware. Safety codes in North America, Europe, and Asia-Pacific require the installation of fire-rated doors and their associated hardware in commercial and residential properties, driving the market.

Growing Construction Industry: The growth of the construction industry, especially in emerging economies, is fostering the demand for fire door hardware. The rise in commercial and residential construction, along with industrial infrastructure development, increases the need for fire safety systems.

Increased Awareness of Fire Safety: Rising awareness among building owners, architects, and facility managers about fire safety and the role of proper door hardware in preventing the spread of fire is further driving market demand.

Restraints:

High Costs of Fire Safety Systems: The initial cost of installing fire door hardware and fire-rated doors can be high, limiting adoption, especially in price-sensitive markets.

Lack of Awareness in Developing Regions: In certain developing regions, awareness of fire safety regulations and standards is low, hindering the market's growth potential in those areas.

Opportunities:

Technological Advancements in Fire Door Hardware: Manufacturers are focusing on developing advanced hardware components such as intelligent fire doors equipped with automatic locking mechanisms and remote control capabilities, presenting new opportunities.

Emerging Markets: Emerging economies in Asia-Pacific, Latin America, and Africa present significant growth opportunities due to rapid urbanization and increasing investments in infrastructure projects.

Market by System Type Insights:

Based on system type, the door closers segment held the largest market share in 2023. Door closers are essential in ensuring that fire doors automatically close during a fire, preventing the spread of flames and smoke. The growing emphasis on fire safety in commercial buildings, hospitals, and educational institutions is driving demand for this segment. However, the intelligent fire door hardware segment is expected to witness the highest growth, driven by the adoption of smart building technologies and automation.

Market by End-use Insights:

The commercial segment emerged as the largest revenue contributor in 2023, holding over 40% of the market share. Fire door hardware is a critical component in ensuring safety in shopping malls, offices, hospitals, and other public buildings. The residential segment is expected to grow significantly during the forecast period as more homeowners invest in fire safety systems due to rising awareness.

Market by Regional Insights:

In terms of regional coverage, North America led the market in 2023, supported by stringent fire safety regulations and the presence of key market players. The region is expected to continue its dominance during the forecast period. However, Asia-Pacific is anticipated to register the highest growth rate, driven by rapid urbanization, rising construction activities, and increasing adoption of fire safety measures in emerging economies like China and India.

Competitive Scenario:

Key players operating in the global fire door hardware market include ASSA ABLOY Group, dormakaba Holding AG, Allegion plc, GEZE GmbH, and Hager Group. These companies are focusing on product innovation, mergers & acquisitions, and partnerships to strengthen their market presence. For instance:

In 2023, ASSA ABLOY launched a new range of intelligent fire door closers that integrate with building automation systems.

dormakaba introduced an automatic fire door release system in 2022, designed for hospitals and care homes.

Scope of Work – Global Fire Door Hardware Market:

Key Market Developments:

ASSA ABLOY introduced an advanced fire door closer system in 2023, integrating with smart building systems for automatic fire response.

GEZE GmbH expanded its product range with the launch of a new smoke ventilation system in 2022, designed to enhance fire safety in commercial buildings.

FAQs:

What is the current market size of the Global Fire Door Hardware Market?

The market size of the Global Fire Door Hardware Market was valued at USD 5.3 billion in 2023.

What is the major growth driver of the Global Fire Door Hardware Market?

Stringent fire safety regulations and the growth of the construction industry are the major drivers.

Which is the largest region during the forecast period in the Global Fire Door Hardware Market?

North America is the largest region due to strict regulations and significant demand for fire safety systems.

Which segment accounted for the largest market share in the Global Fire Door Hardware Market?

The door closers segment accounted for the largest market share in 2023.

Who are the key market players in the Global Fire Door Hardware Market?

Key players include ASSA ABLOY, dormakaba, Allegion, and GEZE.