Door hardware is a critical component in the construction and building industry and plays a vital role in the global economy. Not only does it provide security and safety for buildings and their inhabitants, but it also contributes to creating and providing jobs in various sectors.

The door hardware industry includes a wide range of products, including locks, hinges, knobs, levers, and handles. These products are used in residential and commercial buildings, and they come in various styles, materials, and finishes to suit different design preferences.

The door hardware industry has seen significant growth in recent years, driven by increasing demand for security and safety in buildings and new construction and renovation projects. In fact, the global door hardware market is expected to reach $26.5 billion by 2025, growing at a CAGR of 4.5% from 2020 to 2025.

One of the primary drivers of this growth is the increasing focus on security and safety in both residential and commercial buildings. Door hardware products such as locks and security systems are essential for preventing unauthorized access and protecting buildings and their inhabitants.

Another important factor driving the growth of the door hardware industry is the increasing demand for new construction and renovation projects. With more and more people investing in their homes and businesses, there is a growing need for door hardware products to improve the functionality and aesthetics of these buildings.

The door hardware industry also plays a significant role in the global economy by providing jobs in different sectors. The manufacturing of door hardware products creates jobs in the manufacturing industry, while installing and maintaining these products generate employment in the construction and building maintenance sectors.

In addition, the door hardware industry also provides jobs in the distribution and retail sectors, as door hardware products are sold through a wide range of distribution channels, including home improvement stores, online retailers, and specialty stores.

In conclusion, the door hardware industry is a critical component of the global economy, providing security and safety for buildings and their inhabitants and creating and providing jobs in various sectors. The industry is expected to continue growing in the coming years, driven by increasing demand for security and safety and new construction and renovation projects.