US Hardware Demand to Reach $13.7 billion in 2021


CLEVELAND, May 19, 2017 /PRNewswire/ — US hardware demand is forecast to reach $13.7 billion in 2021, according to Hardware: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from a continued rebound in building construction activity, which will generate demand for building products and furniture, and related hardware. In addition, continued growth in motor vehicle and other transport equipment output will provide opportunities for hardware suppliers.

Among the various segments, furniture hardware is expected to see the fastest demand growth to 2021. Sales will be stimulated by continued recovery in domestic furniture production from the declines of the 2007-2010 period. Strong growth in residential construction and improvement activities are expected to buoy US household…



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