Drawer Slides Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Drawer Slides market for 2018-2023.
Drawers are extensively used for storing things. For a drawer, slides are the most important part acting as a supporting structure without which drawer could not be installed. Technological advancements have enabled the introduction of drawer slide with an integrated lock which is one of the reasons for the product demand globally.
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Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China and India is more likely to attract more investment opportunity for their potential demand.
A critical factor for growth in Asia region is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. China is anticipated to lead growth of the Asia Pacific market over the next six years. All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies.
Cash drawers in every house and retail stores require ball bearing slides. The increasing use of ATM machines, gaming machines, ticket machines, food and drink dispensing equipment which needs drawer slides are expected to contribute to the market growth. Stainless steel slides for harsh environments such as laboratories, clean rooms, chemical storage, locker rooms, food preparation and horticulture are witnessing high demand and the trend is expected to continue in the long run. However, fluctuation in steel prices which is a major raw material used in manufacturing of slides poses a challenge to drawer slides market. Over the last few years, fluctuations in steel prices had a negative impact on the market.
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Over the next five years, Planet Market Reports projects that Drawer Slides will register a 5.5% CAGR in terms of revenue, reach US$ 6540 million by 2023, from US$ 4740 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Drawer Slides market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Light Duty Slides Load Rating less than 75 lbs
Medium Duty Slides between 75 lbs and 120 lbs
Heavy Duty Slides 120 lbs and 200 lbs
Very Heavy Duty Slides 200 lbs and 500 lbs
Extra Heavy Duty Slides over 500 lbs
Segmentation by application:
Industrial
Furniture
Home Appliances
IT
Transport and Automotive
Others
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