Railing Market Size, Share & Trends Analysis Report By Material, By Application, By Installation, By Railing Style, By Distribution Channel, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global railing market size was estimated at USD 51.0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The growth of the market is anticipated to be driven by the increasing government investments in residential and non-residential construction. Moreover, the migration of people from rural to urban areas for better growth opportunities is expected to increase the demand for modern railing, thus positively influencing demand. With rapid urbanization and modernization, people are shifting from rural areas to urban areas, creating better growth opportunities for the market. In addition, government investments in residential and infrastructural constructions are further expected to increase the demand for the railing industry globally.

In the U.S., the residential segment is anticipated to grow significantly owing to the significant expansion of both remodeling and new residential construction markets. Wood railing is more traditional and is most common in the U.S. owing to its aesthetic appeal. It is expected to face significant competition due to cheaper costs and ease of maintenance associated with composite railing.

Contractors have direct tie-ups with manufacturing companies that help them procure large volumes of railings at low prices. Distributors have their committed stores, and the general public can purchase railings from these stores. This offers end-users a broad range of options in terms of railing materials and designs. In addition, it also allows customers to touch and feel railings for an improved understanding of their quality.

Material Insights

The wood railing segment accounted for a revenue share of 41.5% in 2022. Wood is the most conventional and classic railing material. Due to its distinctive aesthetic appeal and easy and low-cost procurement, wood railings are favored for use in residential applications, particularly in semi-urban and rural areas. These factors fuel the growth of the wood railing segment across the world.

Metal railing dominated the material segment and accounted for a revenue share of 44.5% in 2022 and it is expected to expand at a CAGR of 4.9% in terms of revenue over the forecast period. Metal railings are developed from stainless steel, aluminum, brass, bronze, wrought iron, and cast iron. Metal railings are robust and sturdy, and they require minimal maintenance. This, in turn, is expected to lead to the growth of the metal railing segment globally.

The glass segment is projected to witness considerable growth from 2023 to 2030 as customers prefer glass railings owing to their high aesthetic impact, including the ability to make the spaces appear large and facilitate the flow of light. These railings enhance the value and elegance of buildings while making them secure and valuable. These factors are likely to contribute to the growth of glass railing.

Application Insights

The interior application segment of the railing industry is expected to grow at a CAGR of 4.9% over the forecast period. Interior applications of railings include staircases and indoor balconies. Materials such as wood, carbon steel, aluminum, glass, and stainless steel are preferred for interior applications, owing to the durability and aesthetic appeal imparted by these materials. Furthermore, the flourishing construction industry across the globe has resulted in the high adoption of railings on staircases and indoor balconies for fall protection.

The exterior application accounted for the largest revenue share of 68.5% in 2022. Railings are used in a variety of exterior applications including balconies, terraces, decks, walkways, bridges, porches, and patios. In these applications, the most common materials are aluminum, stainless steel, wrought iron, and vinyl, owing to their durability and ability to withstand extreme weather conditions.

Installation Insights

The professional installation segment is projected to continue its dominance in the railing industry over the forecast period. Professionally installed railings are of high quality, take less time and effort for erecting, are durable and long-lasting, and can tolerate weather changes. Additionally, without experts, the installation of railings is of poor quality, which lowers the value and attractiveness of the property wherein they are used. These factors are projected to fuel the professional installation segment.

The Do-it-yourself (DIY) segment is anticipated to grow at a significant rate from 2023 to 2030 owing to surging demand for customized railings. There are several do-it-yourself (DIY) railing kits available as customers are increasingly using them to improve the look of their homes since these kits save labor costs.

Railing Style Insights

The glass panel segment is projected to grow at a CAGR of 4.9% in terms of revenue from 2023 to 2030. Glass panels are generally expensive and mainly preferred by high-income customers. They are considered modern railing materials that provide an unobstructed view and improve the aesthetics of places where they are installed. Glass panels are durable, easy to maintain, and increase the resale value of buildings. These factors are expected to boost the demand for the glass panel railing style segment over the coming years.

Balusters are short vertical pillars that support the top rail in railing systems. They are commonly made from wood, concrete, iron, stone, vinyl, steel, and aluminum. There has been growing usage of balusters in residential buildings as they enhance the beauty of railings and are more affordable than glass panels. These factors are projected to surge the demand for balusters across the world over the forecast period.

Distribution Channel Insights

The direct distribution channel includes direct contact between manufacturers and end-users of railings, thereby eliminating the role of middlemen. This channel enables the purchase of railings directly from their manufacturers which also increases the profit margins of the manufacturers. Moreover, the rising penetration of e-commerce platforms across the world is expected to fuel the adoption of direct distribution channels for selling railings over the forecast period.

The indirect distribution channel segment accounted for a larger share in 2022 in terms of revenue of the market than the distribution channel segment. Indirect distribution channels are the most used ones for selling residential railings. It comprises wholesalers, contractors, retail stores, and online third-party distributors. The growth of the indirect distribution channel segment can be attributed to the preference of consumers to visually inspect the materials, products, colors, aesthetics, and specifications of railings before finalizing their purchase.

End-use Insights

The residential segment of the railing industry is projected to grow significantly from 2023 to 2030 owing to the significant rise in both, renovation and new residential construction activities across the world. In addition, the surge in global demand for railings used in residential buildings is driven by the increased disposable income of consumers.

The demand for railings for use in non-residential buildings is expected to increase in the coming years owing to the reopening of offices and commercial spaces after recovering from the impact of the pandemic. As railings are installed in corporate buildings, hotels, retail centers, and industrial facilities for security purposes, a non-residential segment of the market is expected to grow globally during the forecast period.

Regional Insights

The Asia Pacific region dominated the global market for railing with 44.5% in 2022 and accounted for USD 22,710.0 million in 2022. The region includes many developing as well as developed economies such as India, China, Japan, and Bangladesh. The countries in the region are witnessing growth in infrastructural development, which is driving the demand for railings.

The North American market for railing is anticipated to witness growth at a CAGR of 4.5% over the forecast period on account of the growing construction industry in the region. The region has been witnessing an increased demand for residential and commercial spaces on account of the growing population and rising purchasing power of consumers in countries such as Canada and Mexico.

The Central & South American market for railing is expected to grow at a significant rate. The growth of the residential construction industry is also being supported by an increase in the construction of single-family homes in Central and South America. In addition, growing investments in various infrastructure development projects by both domestic and international players are anticipated to support the expansion of the region's construction industry.

Key Companies & Market Share Insights

The market exhibits high competition owing to the presence of established players in this industry with vertical integration across the value chain of railings. Some competitors also focus on strategies such as new product development, mergers, and acquisitions to gain a competitive edge.

Key players are also engaged in the adoption of technologies to improve the quality of raw materials, components, and installation processes, thus, creating strong competition for new entrants. Moreover, the players in the industry are fulfilling the demand for eco-friendly railing systems such as composite, and hence their market penetration is higher. Some prominent players in the global railing market include:

• Regal ideas inc.

• Viewrail

• IG Railing

• Trex Company, Inc.

• The Azek Company Inc.

• BOL(Barrette Outdoor Living)

• Deckorators, Inc.

• INVISIRAIL

• Digger Specialties Inc.

• Peak Products (USA)

• RailFX

• Glassupply.com

• Century Aluminum Railings

Railing Market Report Scope

Global Railing Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global railing market report based on materials, application, installation, railing style, distribution channel, end-use, and region.

• Material Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Wood

  • Metal

    • Aluminum

    • Steel

    • Iron

    • Others

  • Composites

  • Vinyl

  • Glass

  • Others

• Application Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Interior Application

  • Exterior Application

• Installation Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Professional Installation

  • Do-It-Yourself (DIY)

• Railing Style Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Glass Panel

  • Baluster

  • Others

• Distribution Channel Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Direct

  • Indirect

• End-use Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • Residential

    • Single-Family

    • Multifamily

  • Non-Residential

• Regional Outlook (Volume, Million Linear Foot; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • Italy

    • France

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia