Architectural and Furniture Hardware Market Size, Share, Trends and Forecast 2032

Architectural and Furniture Hardware Industry Research Report 2023

Report ID

38247

Publisher

Published Date

08-Aug

Delivery Format

PDF

No of Report Page

113

Editor's Rating

Report Details

This report aims to provide a comprehensive presentation of the global market for Architectural and Furniture Hardware, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Architectural and Furniture Hardware.
The Architectural and Furniture Hardware market size, estimations, and forecasts are provided in terms of sales volume (M Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Architectural and Furniture Hardware market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Architectural and Furniture Hardware manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2018-2023. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
ASSA ABLOY
Blum Inc
Allegion
Hafele
Spectrum Brands Holdings
Hettich
Roto Frank
Kin Long
Dormakaba Holding
Gretsch-Unitas
Siegenia-Aubi
GRASS
DTC
Formenti & Giovenzana S.p(FGV)
Taiming
Jusen
ADAMS
HUTLON
Salice
Yajie
Accuride
Sugatsune
King Slide Works Co. Ltd
Product Type Insights
Global markets are presented by Architectural and Furniture Hardware type, along with growth forecasts through 2029. Estimates on sales and revenue are based on the price in the supply chain at which the Architectural and Furniture Hardware are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows sales and revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
Architectural and Furniture Hardware segment by Type
Door Handles
Closers
Locks
Cylinder Pulls and Hinges (door furniture)
Window &Cupboard fittings
Iron Railings
Handrails
Balustrades
Switches
Other
Application Insights
This report has provided the market size (sales and revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the Architectural and Furniture Hardware market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Architectural and Furniture Hardware market.
Architectural and Furniture Hardware segment by Application
Architectural
Furniture
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2023 and forecast revenue for 2029.
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Architectural and Furniture Hardware market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Reasons to Buy This Report
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Architectural and Furniture Hardware market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Architectural and Furniture Hardware and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Architectural and Furniture Hardware industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Architectural and Furniture Hardware.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Core Chapters
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Architectural and Furniture Hardware manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Architectural and Furniture Hardware by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Architectural and Furniture Hardware in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Table Of Content

1 Preface
    1.1 Scope of Report
    1.2 Reasons for Doing This Study
    1.3 Research Methodology
    1.4 Research Process
    1.5 Data Source
        1.5.1 Secondary Sources
        1.5.2 Primary Sources
2 Market Overview
    2.1 Product Definition
    2.2 Global Market Growth Prospects
        2.2.1 Global Architectural and Furniture Hardware Market Size (2018-2029) & (US$ Million)
        2.2.2 Global Architectural and Furniture Hardware Sales (2018-2029)
        2.2.3 Global Architectural and Furniture Hardware Market Average Price (2018-2029)
    2.3 Architectural and Furniture Hardware  by Type
        2.3.1 Market Value Comparison by Type (2018 VS 2022 VS 2029) & (US$ Million)
        1.2.2 Door Handles
        1.2.3 Closers
        1.2.4 Locks
        1.2.5 Cylinder Pulls and Hinges (door furniture)
        1.2.6 Window &Cupboard fittings
        1.2.7 Iron Railings
        1.2.8 Handrails
        1.2.9 Balustrades
        1.2.10 Switches
        1.2.11 Other
    2.4 Architectural and Furniture Hardware  by Application
        2.4.1 Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
        2.4.2 Architectural
        2.4.3 Furniture
3 Market Competitive Landscape by Manufacturers
    3.1 Global Architectural and Furniture Hardware Market Competitive Situation by Manufacturers (2018 Versus 2022)
    3.2 Global Architectural and Furniture Hardware Sales (M Units) of Manufacturers (2018-2023)
    3.3 Global Architectural and Furniture Hardware Revenue of Manufacturers (2018-2023)
    3.4 Global Architectural and Furniture Hardware Average Price by Manufacturers (2018-2023)
    3.5 Global Architectural and Furniture Hardware Industry Ranking, 2021 VS 2022 VS 2023
    3.6 Global Manufacturers of Architectural and Furniture Hardware, Manufacturing Sites & Headquarters
    3.7 Global Manufacturers of Architectural and Furniture Hardware, Product Type & Application
    3.8 Global Manufacturers of Architectural and Furniture Hardware, Date of Enter into This Industry
    3.9 Global Architectural and Furniture Hardware Market CR5 and HHI
    3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
    4.1 ASSA ABLOY
        4.1.1 ASSA ABLOY Company Information
        4.1.2 ASSA ABLOY Business Overview
        4.1.3 ASSA ABLOY Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.1.4 ASSA ABLOY Architectural and Furniture Hardware Product Portfolio
        4.1.5 ASSA ABLOY Recent Developments
    4.2 Blum Inc
        4.2.1 Blum Inc Company Information
        4.2.2 Blum Inc Business Overview
        4.2.3 Blum Inc Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.2.4 Blum Inc Architectural and Furniture Hardware Product Portfolio
        4.2.5 Blum Inc Recent Developments
    4.3 Allegion
        4.3.1 Allegion Company Information
        4.3.2 Allegion Business Overview
        4.3.3 Allegion Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.3.4 Allegion Architectural and Furniture Hardware Product Portfolio
        4.3.5 Allegion Recent Developments
    4.4 Hafele
        4.4.1 Hafele Company Information
        4.4.2 Hafele Business Overview
        4.4.3 Hafele Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.4.4 Hafele Architectural and Furniture Hardware Product Portfolio
        4.4.5 Hafele Recent Developments
    4.5 Spectrum Brands Holdings
        4.5.1 Spectrum Brands Holdings Company Information
        4.5.2 Spectrum Brands Holdings Business Overview
        4.5.3 Spectrum Brands Holdings Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.5.4 Spectrum Brands Holdings Architectural and Furniture Hardware Product Portfolio
        6.5.5 Spectrum Brands Holdings Recent Developments
    4.6 Hettich
        4.6.1 Hettich Company Information
        4.6.2 Hettich Business Overview
        4.6.3 Hettich Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.6.4 Hettich Architectural and Furniture Hardware Product Portfolio
        4.6.5 Hettich Recent Developments
    4.7 Roto Frank
        4.7.1 Roto Frank Company Information
        4.7.2 Roto Frank Business Overview
        4.7.3 Roto Frank Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.7.4 Roto Frank Architectural and Furniture Hardware Product Portfolio
        4.7.5 Roto Frank Recent Developments
    6.8 Kin Long
        4.8.1 Kin Long Company Information
        4.8.2 Kin Long Business Overview
        4.8.3 Kin Long Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.8.4 Kin Long Architectural and Furniture Hardware Product Portfolio
        4.8.5 Kin Long Recent Developments
    4.9 Dormakaba Holding
        4.9.1 Dormakaba Holding Company Information
        4.9.2 Dormakaba Holding Business Overview
        4.9.3 Dormakaba Holding Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.9.4 Dormakaba Holding Architectural and Furniture Hardware Product Portfolio
        4.9.5 Dormakaba Holding Recent Developments
    4.10 Gretsch-Unitas
        4.10.1 Gretsch-Unitas Company Information
        4.10.2 Gretsch-Unitas Business Overview
        4.10.3 Gretsch-Unitas Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        4.10.4 Gretsch-Unitas Architectural and Furniture Hardware Product Portfolio
        4.10.5 Gretsch-Unitas Recent Developments
    6.11 Siegenia-Aubi
        6.11.1 Siegenia-Aubi Company Information
        6.11.2 Siegenia-Aubi Architectural and Furniture Hardware Business Overview
        6.11.3 Siegenia-Aubi Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.11.4 Siegenia-Aubi Architectural and Furniture Hardware Product Portfolio
        6.11.5 Siegenia-Aubi Recent Developments
    6.12 GRASS
        6.12.1 GRASS Company Information
        6.12.2 GRASS Architectural and Furniture Hardware Business Overview
        6.12.3 GRASS Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.12.4 GRASS Architectural and Furniture Hardware Product Portfolio
        6.12.5 GRASS Recent Developments
    6.13 DTC
        6.13.1 DTC Company Information
        6.13.2 DTC Architectural and Furniture Hardware Business Overview
        6.13.3 DTC Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.13.4 DTC Architectural and Furniture Hardware Product Portfolio
        6.13.5 DTC Recent Developments
    6.14 Formenti & Giovenzana S.p(FGV)
        6.14.1 Formenti & Giovenzana S.p(FGV) Company Information
        6.14.2 Formenti & Giovenzana S.p(FGV) Architectural and Furniture Hardware Business Overview
        6.14.3 Formenti & Giovenzana S.p(FGV) Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.14.4 Formenti & Giovenzana S.p(FGV) Architectural and Furniture Hardware Product Portfolio
        6.14.5 Formenti & Giovenzana S.p(FGV) Recent Developments
    6.15 Taiming
        6.15.1 Taiming Company Information
        6.15.2 Taiming Architectural and Furniture Hardware Business Overview
        6.15.3 Taiming Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.15.4 Taiming Architectural and Furniture Hardware Product Portfolio
        6.15.5 Taiming Recent Developments
    6.16 Jusen
        6.16.1 Jusen Company Information
        6.16.2 Jusen Architectural and Furniture Hardware Business Overview
        6.16.3 Jusen Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.16.4 Jusen Architectural and Furniture Hardware Product Portfolio
        6.16.5 Jusen Recent Developments
    6.17 ADAMS
        6.17.1 ADAMS Company Information
        6.17.2 ADAMS Architectural and Furniture Hardware Business Overview
        6.17.3 ADAMS Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.17.4 ADAMS Architectural and Furniture Hardware Product Portfolio
        6.17.5 ADAMS Recent Developments
    6.18 HUTLON
        6.18.1 HUTLON Company Information
        6.18.2 HUTLON Architectural and Furniture Hardware Business Overview
        6.18.3 HUTLON Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.18.4 HUTLON Architectural and Furniture Hardware Product Portfolio
        6.18.5 HUTLON Recent Developments
    6.19 Salice
        6.19.1 Salice Company Information
        6.19.2 Salice Architectural and Furniture Hardware Business Overview
        6.19.3 Salice Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.19.4 Salice Architectural and Furniture Hardware Product Portfolio
        6.19.5 Salice Recent Developments
    6.20 Yajie
        6.20.1 Yajie Company Information
        6.20.2 Yajie Architectural and Furniture Hardware Business Overview
        6.20.3 Yajie Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.20.4 Yajie Architectural and Furniture Hardware Product Portfolio
        6.20.5 Yajie Recent Developments
    6.21 Accuride
        6.21.1 Accuride Company Information
        6.21.2 Accuride Architectural and Furniture Hardware Business Overview
        6.21.3 Accuride Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.21.4 Accuride Architectural and Furniture Hardware Product Portfolio
        6.21.5 Accuride Recent Developments
    6.22 Sugatsune
        6.22.1 Sugatsune Company Information
        6.22.2 Sugatsune Architectural and Furniture Hardware Business Overview
        6.22.3 Sugatsune Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.22.4 Sugatsune Architectural and Furniture Hardware Product Portfolio
        6.22.5 Sugatsune Recent Developments
    6.23 King Slide Works Co. Ltd
        6.23.1 King Slide Works Co. Ltd Company Information
        6.23.2 King Slide Works Co. Ltd Architectural and Furniture Hardware Business Overview
        6.23.3 King Slide Works Co. Ltd Architectural and Furniture Hardware Sales, Revenue and Gross Margin (2018-2023)
        6.23.4 King Slide Works Co. Ltd Architectural and Furniture Hardware Product Portfolio
        6.23.5 King Slide Works Co. Ltd Recent Developments
5 Global Architectural and Furniture Hardware Market Scenario by Region
    5.1 Global Architectural and Furniture Hardware Market Size by Region: 2018 VS 2022 VS 2029
    5.2 Global Architectural and Furniture Hardware Sales by Region: 2018-2029
        5.2.1 Global Architectural and Furniture Hardware Sales by Region: 2018-2023
        5.2.2 Global Architectural and Furniture Hardware Sales by Region: 2024-2029
    5.3 Global Architectural and Furniture Hardware Revenue by Region: 2018-2029
        5.3.1 Global Architectural and Furniture Hardware Revenue by Region: 2018-2023
        5.3.2 Global Architectural and Furniture Hardware Revenue by Region: 2024-2029
    5.4 North America Architectural and Furniture Hardware Market Facts & Figures by Country
        5.4.1 North America Architectural and Furniture Hardware Market Size by Country: 2018 VS 2022 VS 2029
        5.4.2 North America Architectural and Furniture Hardware Sales by Country (2018-2029)
        5.4.3 North America Architectural and Furniture Hardware Revenue by Country (2018-2029)
        5.4.4 United States
        5.4.5 Canada
    5.5 Europe Architectural and Furniture Hardware Market Facts & Figures by Country
        5.5.1 Europe Architectural and Furniture Hardware Market Size by Country: 2018 VS 2022 VS 2029
        5.5.2 Europe Architectural and Furniture Hardware Sales by Country (2018-2029)
        5.5.3 Europe Architectural and Furniture Hardware Revenue by Country (2018-2029)
        5.5.4 Germany
        5.5.5 France
        5.5.6 U.K.
        5.5.7 Italy
        5.5.8 Russia
    5.6 Asia Pacific Architectural and Furniture Hardware Market Facts & Figures by Country
        5.6.1 Asia Pacific Architectural and Furniture Hardware Market Size by Country: 2018 VS 2022 VS 2029
        5.6.2 Asia Pacific Architectural and Furniture Hardware Sales by Country (2018-2029)
        5.6.3 Asia Pacific Architectural and Furniture Hardware Revenue by Country (2018-2029)
        5.6.4 China
        5.6.5 Japan
        5.6.6 South Korea
        5.6.7 India
        5.6.8 Australia
        5.6.9 China Taiwan
        5.6.10 Indonesia
        5.6.11 Thailand
        5.6.12 Malaysia
    5.7 Latin America Architectural and Furniture Hardware Market Facts & Figures by Country
        5.7.1 Latin America Architectural and Furniture Hardware Market Size by Country: 2018 VS 2022 VS 2029
        5.7.2 Latin America Architectural and Furniture Hardware Sales by Country (2018-2029)
        5.7.3 Latin America Architectural and Furniture Hardware Revenue by Country (2018-2029)
        5.7.4 Mexico
        5.7.5 Brazil
        5.7.6 Argentina
    5.8 Middle East and Africa Architectural and Furniture Hardware Market Facts & Figures by Country
        5.8.1 Middle East and Africa Architectural and Furniture Hardware Market Size by Country: 2018 VS 2022 VS 2029
        5.8.2 Middle East and Africa Architectural and Furniture Hardware Sales by Country (2018-2029)
        5.8.3 Middle East and Africa Architectural and Furniture Hardware Revenue by Country (2018-2029)
        5.8.4 Turkey
        5.8.5 Saudi Arabia
        5.8.6 UAE
6 Segment by Type
    6.1 Global Architectural and Furniture Hardware Sales by Type (2018-2029)
        6.1.1 Global Architectural and Furniture Hardware Sales by Type (2018-2029) & (M Units)
        6.1.2 Global Architectural and Furniture Hardware Sales Market Share by Type (2018-2029)
    6.2 Global Architectural and Furniture Hardware Revenue by Type (2018-2029)
        6.2.1 Global Architectural and Furniture Hardware Sales by Type (2018-2029) & (US$ Million)
        6.2.2 Global Architectural and Furniture Hardware Revenue Market Share by Type (2018-2029)
    6.3 Global Architectural and Furniture Hardware Price by Type (2018-2029)
7 Segment by Application
    7.1 Global Architectural and Furniture Hardware Sales by Application (2018-2029)
        7.1.1 Global Architectural and Furniture Hardware Sales by Application (2018-2029) & (M Units)
        7.1.2 Global Architectural and Furniture Hardware Sales Market Share by Application (2018-2029)
    7.2 Global Architectural and Furniture Hardware Revenue by Application (2018-2029)
        6.2.1 Global Architectural and Furniture Hardware Sales by Application (2018-2029) & (US$ Million)
        6.2.2 Global Architectural and Furniture Hardware Revenue Market Share by Application (2018-2029)
    7.3 Global Architectural and Furniture Hardware Price by Application (2018-2029)
8 Value Chain and Sales Channels Analysis of the Market
    8.1 Architectural and Furniture Hardware Value Chain Analysis
        8.1.1 Architectural and Furniture Hardware Key Raw Materials
        8.1.2 Raw Materials Key Suppliers
        8.1.3 Architectural and Furniture Hardware Production Mode & Process
    8.2 Architectural and Furniture Hardware Sales Channels Analysis
        8.2.1 Direct Comparison with Distribution Share
        8.2.2 Architectural and Furniture Hardware Distributors
        8.2.3 Architectural and Furniture Hardware Customers
9 Global Architectural and Furniture Hardware Analyzing Market Dynamics
    9.1 Architectural and Furniture Hardware Industry Trends
    9.2 Architectural and Furniture Hardware Industry Drivers
    9.3 Architectural and Furniture Hardware Industry Opportunities and Challenges
    9.4 Architectural and Furniture Hardware Industry Restraints
10 Report Conclusion
11 Disclaimer

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