Drawers are generally used for storing things and is also called as a drawer runner. It is a small devices which, helps to simplify fluid motion while drawer opening & closing. The modest drawer slides will integrate with a small set of wheels which, are attached to the outside sides of the drawer.
Cash drawers in every retail store and house needs ball bearing drawer slides. The rising use of gaming machines, ATM machines, food and drink dispensing equipment, and ticket machines, which require drawer slides are the key trends that are estimated to drive the demand for drawer slides throughout the forecast year. Moreover, increasing demand for premium furniture is an important driver projected to support the drawer slides market globally in the next five to seven years. This is due to individuals opting for lavish furniture, as purchasing power is growing alongside economic growth. However, instability in steel prices which is the foremost raw material used in producing drawer slides is projected to have a negative impact on the drawer slides market in the future. Growing investment opportunity, especially in developing countries such as China and India, is expected to boost the drawer slides market in the coming years.
Globally, the drawer slides market can be segmented in terms of product type, material, mounting type, pull-out type, application, distribution channel, and region. In terms of product type, the market can be divided into light duty slides, medium duty slides, heavy duty slides, very heavy duty slides, and extra heavy duty slides. Based on material, the drawer slides market is divided into aluminum, steel, stainless steel, wood, and plastic.The market is further bifurcated by mounting type into bottom mounted, cabinet mounted, drawer mounted, and others. The market is divided based on pull-out type such as full extension, over travel, partial extension, and two way extension. Based on application, the market is segmented into residential, commercial, and industrial. Based on distribution channel, the market is divided into online and offline.
In terms of region, the global drawer slides market can be segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the drawer slides market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the drawer slides market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America drawer slides market is segmented into Brazil, Mexico, and Rest of South America. North America and Europe hold the largest market share and are expected to hold the same position during the forecast years. However, Asia Pacific is projected to be the quickest growing market throughout the forecast years as compared to other regions. Increasing demand for smart kitchens, and availability of raw materials at cheaper prices are likely to boost the overall Asia Pacific drawer slides market in the near future.
Major companies operating in the global drawer slides market include Blum Inc., Accuride International Inc., Hettich Holding GmbH & Co. oHG, Grass, Formenti & Giovenzana (FGV), Guangdong Taiming Metal Products Co., LTD, King Slide Works Co., Ltd., Guangdong Saca Precision Manufacturing Co., Ltd., DTC Guangdong Dongtai Hardware Group, ITW Proline (Prestige), Salice, Knape & Vogt Manufacturing Company, General Devices Electronic Hardware Manufacturer, and Jonathan Engineered Solutions. The drawer slides market is fragmented due to the presence of few global and several domestic players. Most of the vendors sell and promote their drawer slides via their own online sales website and through e-tailer websites.
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