GVR Report cover Railing Market Size, Share & Trends Report

Railing Market Size, Share & Trends Analysis Report By Material, By End-Use, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454405
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global railing market is expected to witness significant growth over the forecast period on account of rising popularity of the product as a safety component for staircases. Additionally, the product is also being used across various projects of infrastructure development, public pathways, residential & commercial buildings and sports stadiums around the globe, this has further increased the demand for the product in the market.

Railing market is majorly being driven by rapid urbanization and industrialization taking place in various economies of the world. The per capita income of customers is also increasing, which, in turn is boosting the demand for the product. Furthermore, rising income of customers coupled with increasing investment by government on infrastructure and other construction projects is expected to propel the product growth over the coming years.

The market is expected to be hampered by the volatility of railing prices depending on accessibility and location. The price of the product is also controlled by various other factors such as style, design, material type, installation cost and contractor. Therefore, the cost sensitive customers are expected to limit their demand for the product on new as well as renovation projects.

Based on segments, the market has been divided into material and end-users. The material segment includes stainless steel, aluminum and glass. The demand for stainless steel and glass railings are expected to witness high growth on account of durability, designs and aesthetic appeal.

Based on end-use, it has been segmented into industrial, residential and commercial. The rising income of customer’s around the globe is expected to propel the demand for the product in residential segment. Additionally, in this era, the people are majorly involved in the refurbishment of their homes, thus boosting the market growth. The government is also investing in housing sector, industries and construction segment, which is further expected to propel the product demand.

The regional segment covers North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Asia Pacific is expected to witness highest growth over the forecasted period on account of industrial developments taking place in various countries such as China, Japan, Singapore and India. Additionally, North America and Europe is also expected to grow owing to the growth of residential sector in the regions.

The major players in the market include VIVA Railings, North American Fence and Railing Inc., Excell Railing Systems Ltd, and Cypress. The market is characterized by high competition and the players are further expected to increase their production capacities and distribution channels on account of rising usage product around various end-users.

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