Global Railing Market Size study & Forecast, by Material (Glass, Stainless Steel, Aluminum, Others) by End-user (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030
Global Railing Market is valued approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Railing refers to a protective barrier or structure typically installed along the edges of balconies, stairs, decks, or elevated platforms. Railings serve various purposes, including safety, support, and aesthetic enhancement. The Railing market is expanding because of factors such as growing number of construction activities and rapid industrialization. the primary purposes of railings are to provide safety by preventing accidental falls from elevated areas. Railings act as a physical barrier, especially for staircases, balconies, or raised platforms, reducing the risk of individuals slipping or losing their balance. Its importance has progressively increased during the forecast period 2023-2030.
Construction workers install railings during the construction or renovation of buildings. It contributes to the overall aesthetic appeal of a structure. They come in various designs, styles, and materials, allowing homeowners and architects to choose options that complement the building's design and enhance its visual appeal. According to the Statista, the construction market accounts USD 6.4 trillion in 2020, and projected to reach 14.4 trillion in 2030. Furthermore, in 2022, the private sector construction spending accounts 1.4 trillion in United States. Another important factor drives the Railing market is rapid industrialization. Industrial railings are designed to withstand heavy loads, vibrations, and harsh industrial conditions. They are typically made of robust materials such as steel, aluminum, or stainless steel, ensuring their strength and durability in demanding environments. In addition, in 2021, there are approximately 333.34 million enterprises operating globally, including 186 million in Asia, 62 million in Africa, and 33 million in Europe respectively. Moreover, increasing government investments in residential and non-residential construction and rising disposable income is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, fluctuations in pricing of railings and high cost of railing installation stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Railing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific North dominated the market in 2022 owing to the growing population and rising number of construction activities in the region. Furthermore, America is expected to grow significantly during the forecast period, owing to factors such as growing investments in various infrastructure development projects by both domestic and international players in the region.
Major market player included in this report are:VIVA Railings
Cypress
Riverside Ironwork Canada Inc
North American Fencing Corp
Excell Railing Systems Ltd
East & West Alum Craft Ltd.
Regal ideas inc.
Patriot Rail Company
Saint-Gobain
Fortress Building Products
Recent Developments in the Market:In July 2022, Saint-Gobain acquired Kaycan, a manufacturer and distributor of exterior building materials in Canada and the United States, on May 31, 2022. Saint-Gobain strengthens its global leadership in light and sustainable building with this acquisition, thereby becoming the leading siding player in Canada and expanding its vinyl offering across the United States with complementing solutions in aluminium and engineered wood.
Global Railing Market Report Scope:Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Material, End-user, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:by Material
Glass
Stainless Steel
Aluminum
Others
by End-user
Residential
Commercial
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies MentionedVIVA Railings
Cypress
Riverside Ironwork Canada Inc
North American Fencing Corp
Excell Railing Systems Ltd
East & West Alum Craft Ltd.
Regal ideas inc.
Patriot Rail Company
Saint-Gobain
Fortress Building Products
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