Hexa Research
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poses a challenge to drawer slides market. Over the last few years, fluctuations in steel prices had a negative impact on the market.
The market can be segmented on the basis of end-use industry, product type and material type. Drawer slides has various end-use application segments such as architectural, industrial storage, transport, emergency services vehicles, woodworking projects, retail and display, vending and cash handling, office and domestic furniture, domestic appliances, media and audio visual, medical and general electronics. The wooden drawers which are primarily used in areas such as kitchen, home, office and TV cabinets dominated the market in the recent past.
On the basis of product type, the market for drawer slides is classified as touch release drawer slides, self closing, soft close, undermount and side mount slides, motorized and mechanical lift, electronic locking slides, cabinet slides, ball bearing slides, overtravel slides, full extension and heavy duty drawer slides. The full extension slides used in wooden drawers ranging from kitchen to office is one the leading product segment witnessing high demand globally. On the basis of material, the market is segmented as stainless steel or aluminum.
The Asia-Pacific region currently dominates the drawer slides market. The growth is primarily driven by rapid industrialization, rising residential projects and high disposable income in this region especially in China and India. Middle East region is also observing proliferation in the demand of drawer slides on account of infrastructure developments and increasing investments in retail and hospitality centers.
Key players in this market include Knape & Vogt Manufacturing Company, Blum Inc., Accuride, Fulterer, INDAmatic, Rockler Companies, Inc., Inter IKEA Systems B. V., King
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