Lewes, DE -- (SBWIRE) -- 01/08/2019 -- Global Drawer Slides market will register a 5.5% CAGR in terms of revenue, reach US$ 6540 million by 2023, from US$ 4740 million in 2017.

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.

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.

Over the next five years, study 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, study 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

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Blum Inc
Hettich
Accuride
GRASS
Häfele
Formenti & Giovenzana S.p(FGV)
King Slide Works Co. Ltd
Taiming
SACA Precision
Guangdong Dongtai Hardware
Knape & Vogt Manufacturing Company
ITW Proline (Prestige)
Salice
Generdevice
Jonathan

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Drawer Slides consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Drawer Slides market by identifying its various subsegments.
Focuses on the key global Drawer Slides manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Drawer Slides with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Drawer Slides submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 161 pages "Forecast of Global Drawer Slides Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Drawer Slides by Players, Drawer Slides by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Drawer Slides Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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