Hardware manufacturing includes
establishments engaged in manufacturing metal hardware, such as metal hinges,
metal handles, keys, and locks (except coin-operated, time locks).
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The global hardware manufacturing market
was valued at $186 billion in 2017. Among regional markets, Asia Pacific was
the largest geographic region accounting for more than one-third of the global
market. The market saw a growth as recently, the metal powder bed fusion 3D
printing (or additive manufacturing) technique is being utilized by hardware
manufacturing industry to manufacture metallic parts in a short time and reduce
tooling costs. These printers produce extremely intricate shapes and high-end
components used in low-volume products, such as supercars, aircraft, satellites
and medical equipment. 3D printing is also able to create voids inside objects
far more easily than subtractive manufacturing hence it can manage and increase
the range of possible designs.
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The USA was the largest country accounting for
one-fifth of the global hardware manufacturing market. This can be attributed
to the large automobile and telecom manufacturing market in the country. The
USA was followed by India and China as the next largest countries in the market.
The top five competitors in the market
are Allegion, Spectrum Brands followed by Assa Abloy, Aoyama Seisakusho
(Japan), and Ningbo Jiulong Fasteners. Allegion Plc is a provider of security
products and solutions for homes and businesses. It makes 31 global brands,
including CISA, Interflex, LCN, Schlage and Von Duprin. The company sells
products in more than 120 countries across the world.
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