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Introduction
Concealed hinges, also known as hidden hinges, have become increasingly popular in the furniture industry due to their sleek and modern design. These hinges are designed to be completely hidden from view when the furniture is closed, giving it a seamless and streamlined appearance. In this article, we will analyze the market prospects of concealed hinges.
Market Size and Growth
The global concealed hinges market size was valued at USD 1.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The growth of the market can be attributed to the increasing demand for modern and aesthetically appealing furniture, as well as the growing popularity of DIY home improvement projects. Additionally, the rise in construction activities and the demand for high-quality furniture in commercial spaces such as offices, hotels, and restaurants are expected to drive the growth of the concealed hinges market.
Market Segmentation
The concealed hinges market can be segmented based on type, application, and region. Based on type, the market can be divided into soft-close hinges, push-to-open hinges, and others. Soft-close hinges are expected to hold the largest market share due to their ability to provide a silent and smooth closing experience. Based on application, the market can be divided into residential and commercial. The commercial segment is expected to grow at a faster rate due to the increasing demand for high-quality furniture in commercial spaces. Geographically, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.