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PUBLISHER: Grand View Research | PRODUCT CODE: 1301161
PUBLISHER: Grand View Research | PRODUCT CODE: 1301161
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
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Railing Market Growth & Trends
The global railing market size is expected to reach USD 74.37 billion by 2030, expanding at a CAGR of 4.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising investments in residential and non-residential construction owing to the rise in the population. Moreover, the migration of people from rural to urban areas for better growth opportunities is expected further to fuel the market growth.
There has been a growing demand for composite railings in developed countries such as U.S. and Canada as they are more economical than other railings in terms of their installation costs. Moreover, the demand for composite railings is also rising worldwide as they are an environment-friendly option. Several customers choose composite materials for developing railings due to environmental concerns. Composite railings are manufactured from recycled materials, such as discarded plastic milk bottles, plastic bags, and sawdust, which often end up in landfills, thereby making these railings environment-friendly.
The Russia-Ukraine war has negatively impacted the prices of metals, including steel, aluminum, and iron, as these countries are significant exporters of steel and metallurgical products. Due to the war, the production of steel in Ukraine has decreased. This has disrupted supply chain activities across the world, which resulted in highly fluctuating prices, thus negatively impacting the overall profit margins of companies that manufacture metal railing.
The global railing industry is highly competitive due to the presence of various small and large players in the market. Companies are focusing on acquiring local niche players to improve customer interaction and improve their market position. In addition, major players in the market are also collaborating with different distributors to increase their market share. Furthermore, new product development and mergers & acquisitions are some of the strategies used by players to gain a competitive edge.
Railing Market Report Highlights
- The metal railing industry, dominated by stainless steel, aluminum, brass, bronze, wrought iron, and cast iron, accounted for 44.5% share of total revenue in 2022. With minimal maintenance and widespread use in building and construction, energy, power, petroleum, chemicals, and military industries; metal railing offer cost, durability, environmental friendliness, and ease of maintenance, boosting demand in the upcoming years
- The exterior application segment accounted for the largest revenue share of 68.5% in 2022. The railing is 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
- The professional installation segment is projected to continue its dominance in the railing industry, and it is growing at a CAGR of 5.0% in terms of revenue over the forecast period. Professionally installed railings are of high quality, require less time and effort to erect, are durable and long-lasting, and can tolerate weather changes
- The indirect distribution channel segment dominates the residential railing industry and accounted for USD 38 billion in 2022. It comprises wholesalers, contractors, retail stores, and online distributors. The growth of the indirect distribution channel segment of the market can be attributed to the preference of consumers to visually inspect the materials, products, colors, aesthetics, and specifications of railings before finalizing their purchase
- The North American railing industry is expected to grow at a CAGR of 4.5% due to the growing construction industry and increasing demand for residential and commercial spaces on account of the growing population in developing countries such as India, Mexico, and China. Moreover, the growth in the construction of green buildings in the U.S. and Canada, owing to the rising awareness regarding the usage of sustainable building materials, is projected to increase the demand for composites in the construction of railings as they are made from recycled materials. Therefore, resulting in the increased demand for railing in the region
Product Code: GVR-4-68040-092-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Research Methodology
- 1.3 Research Scope and Assumptions
- 1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 GVR'S Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Third-Party Perspective
- 1.4.5 Primary Research
- 1.5 Information Analysis
- 1.5.1 Data Analysis Models
- 1.6 Market Formulation and Data Visualization
- 1.7 List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Railing Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook/Ancillary Market Outlook
- 3.2. Railing Market - Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Driver Analysis
- 3.5.1.1. Growth of the residential construction sector.
- 3.5.1.2. Increasing demand for eco-friendly products
- 3.5.2. Market Restraint Analysis
- 3.5.2.1. Fluctuating prices of raw materials and energy costs
- 3.5.1. Driver Analysis
- 3.6. Industry Analysis - Porter's
- 3.6.1. Competitive Rivalry
- 3.6.2. Supplier Power
- 3.6.3. Buyer Power
- 3.6.4. Threat of Substitutes
- 3.6.5. The threat of New Entrants
- 3.7. PESTLE Analysis by SWOT
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social
- 3.7.4. Technological
- 3.7.5. Legal
- 3.7.6. Environmental
- 3.8. Market Disruption Analysis
Chapter 4. Railing Market: Material Estimates & Trend Analysis
- 4.1. Railing Market: Material Key Takeaways
- 4.2. Railing Market: Material Movement Analysis, 2022 & 2030
- 4.3. Wood
- 4.4. Metal
- 4.5. Composites
- 4.6. Vinyl
- 4.7. Glass
- 4.8. Others
Chapter 5. Railing Market: Application Estimates & Analysis
- 5.1. Railing Market: Application Key Takeaways
- 5.2. Railing Market: Application Movement Analysis, 2022 & 2030
- 5.3. Interior Application
- 5.4. Exterior Application
Chapter 6. Railing Market: Installation Estimates & Analysis
- 6.1. Railing Market: Installation Key Takeaways
- 6.2. Railing Market: Installation Movement Analysis, 2022 & 2030
- 6.3. Professional Installation
- 6.4. Do-It-Yourself (DIY)
Chapter 7. Railing Market: Railing Style Estimates & Analysis
- 7.1. Railing Market: Railing Style Key Takeaways
- 7.2. Railing Market: Railing Style Movement Analysis, 2022 & 2030
- 7.3. Glass Panel
- 7.4. Baluster
- 7.5. Others
Chapter 8. Railing Market: Distribution Channel Estimates & Analysis
- 8.1. Railing Market: Distribution Channel Key Takeaways
- 8.2. Railing Market: Distribution Channel Movement Analysis, 2022 & 2030
- 8.3. Direct
- 8.4. Indirect
Chapter 9. Railing Market: End-use Estimates & Analysis
- 9.1. Railing Market: End-use Key Takeaways
- 9.2. Railing Market: End-use Movement Analysis, 2022 & 2030
- 9.3. Residential
- 9.4. Non-Residential
Chapter 10. Railing Market: Regional Estimates & Analysis
- 10.1. Railing Market: Regional Key Takeaways
- 10.2. Railing Market: Regional Marketplace
- 10.3. North America
- 10.3.1. The U.S.
- 10.3.2. Canada
- 10.3.3. Mexico
- 10.4. Europe
- 10.4.1. Germany
- 10.4.2. UK
- 10.4.3. France
- 10.4.4. Italy
- 10.4.5. Spain
- 10.5. Asia Pacific
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.6. Central & South America
- 10.6.1. Brazil
- 10.7. Middle East & Africa
- 10.7.1. Saudi Arabia
Chapter 11. Supplier Intelligence
- 11.1. Kraljic Matrix
- 11.2. Engagement Model
- 11.3. Negotiation Strategies
- 11.4. Vendor Landscape Criteria
- 11.5. Sourcing Best Practices
- 11.6. List of Raw Material Suppliers
Chapter 12. Competitive Landscape
- 12.1. Recent Developments & Impact Analysis, By Key Market Participants
- 12.2. Company/Competition Categorization
- 12.3. Company Market Positioning
- 12.4. Heat Map Analysis
- 12.5. Strategy Mapping
- 12.6. Company Listings (Overview, Financials, Product Portfolio, Strategy)
- 12.6.1. Regal ideas inc.
- 12.6.1.1. Company Overview
- 12.6.1.2. Financial Performance
- 12.6.1.3. Product Benchmarking
- 12.6.1.4. Strategic Initiatives
- 12.6.2. Viewrail
- 12.6.3. IG Railing
- 12.6.4. Trex Company, Inc.
- 12.6.5. The Azek Company Inc.
- 12.6.6. BOL (Barrette Outdoor Living)
- 12.6.7. Deckorators, Inc.
- 12.6.8. INVISIRAIL
- 12.6.9. Digger Specialties Inc.
- 12.6.10. Peak Products (USA)
- 12.6.11. RailFX
- 12.6.12. Glassupply.com
- 12.6.13. Century Aluminum Railings
- 12.6.1. Regal ideas inc.
Product Code: GVR-4-68040-092-9
List of Tables
- Table 1 Railing market estimates and forecasts by material, 2018 - 2030 (Million Linear Foot)
- Table 2 Railing market estimates and forecasts, by material, 2018 - 2030 (USD Million)
- Table 3 Railing market estimates and forecasts by application, 2018 - 2030 (Million Linear Foot)
- Table 4 Railing market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 5 Railing market estimates and forecasts by installation, 2018 - 2030 (Million Linear Foot)
- Table 6 Railing market estimates and forecasts, by installation, 2018 - 2030 (USD Million)
- Table 7 Railing market estimates and forecasts by railing style, 2018 - 2030 (Million Linear Foot)
- Table 8 Railing market estimates and forecasts, by railing style, 2018 - 2030 (USD Million)
- Table 9 Railing market estimates and forecasts by distribution channel, 2018 - 2030 (Million Linear Foot)
- Table 10 Railing market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 11 Railing market estimates and forecasts by end-use, 2018 - 2030 (Million Linear Foot)
- Table 12 Railing market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Primary Research Pattern
- Fig. 4 Primary Research Process
- Fig. 5 Market Research Approaches - Bottom-Up Approach
- Fig. 6 Market Research Approaches - Top-Down Approach
- Fig. 7 Market Research Approaches - Combined Approach
- Fig. 8 Market Outlook
- Fig. 9 Segmental Outlook
- Fig. 10 Competitive Outlook
- Fig. 11 Railing Market - Value Chain Analysis
- Fig. 12 Market Driver Analysis
- Fig. 13 Market Restraint Analysis
- Fig. 14 Railing Market: Material Key Takeaways
- Fig. 15 Railing Market: Material Movement Analysis, 2022 & 2030
- Fig. 16 Railing market estimates and forecasts, by wood, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 17 Railing market estimates and forecasts, by metal, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 18 Railing market estimates and forecasts, by aluminum, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 19 Railing market estimates and forecasts, by steel, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 20 Railing market estimates and forecasts, by iron, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 21 Railing market estimates and forecasts, by others, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 22 Railing market estimates and forecasts, by composite, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 23 Railing market estimates and forecasts, by vinyl, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 24 Railing market estimates and forecasts, by glass, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 25 Railing market estimates and forecasts, by others, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 26 Railing Market: Application Key Takeaways
- Fig. 27 Railing Market: Application Movement Analysis, 2022 & 2030
- Fig. 28 Railing market estimates and forecasts in interior application, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 29 Railing market estimates and forecasts in exterior application, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 30 Railing Market: Installation Key Takeaways
- Fig. 31 Railing Market: Installation Movement Analysis, 2022 & 2030
- Fig. 32 Railing market estimates and forecasts in professional installation, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 33 Railing market estimates and forecasts in do-it-yourself (DIY), 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 34 Railing Market: Railing Style Key Takeaways
- Fig. 35 Railing Market: Railing Style Movement Analysis, 2022 & 2030
- Fig. 36 Railing market estimates and forecasts in glass panel, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 37 Railing market estimates and forecasts in baluster (DIY), 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 38 Railing market estimates and forecasts in others, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 39 Railing Market: Distribution Channel Key Takeaways
- Fig. 40 Railing Market: Distribution Channel Movement Analysis, 2022 & 2030
- Fig. 41 Railing market estimates and forecasts in direct, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 42 Railing market estimates and forecasts in indirect, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 43 Railing Market: End-use Key Takeaways
- Fig. 44 Railing Market: End-use Movement Analysis, 2022 & 2030
- Fig. 45 Railing market estimates and forecasts in residential, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 46 Railing market estimates and forecasts in single family, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 47 Railing market estimates and forecasts in multifamily, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 48 Railing market estimates and forecasts in non-residential, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 49 Railing Market: Regional Key Takeaways
- Fig. 50 Railing Market: Regional Marketplace
- Fig. 51 North America railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 52 U.S. railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 53 Canada railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 54 Europe railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 55 Germany railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 56 UK railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 57 France railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 58 Italy railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 59 Spain railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 60 Asia Pacific railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 61 China railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 62 Japan railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 63 India railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 64 South Korea railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 65 Central & South America railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 66 Brazil railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 67 Middle East & Africa railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 68 Saudi Arabia railing market estimates and forecasts, 2018 - 2030 (Million Linear Foot) (USD Million)
- Fig. 69 Kraljic Matrix
- Fig. 70 Engagement Model
- Fig. 71 Vendor Selection Criteria
- Fig. 72 Sourcing Best Practices
- Fig. 73 Company/Competition Categorization
- Fig. 74 Heat Map Analysis
- Fig. 75 Company Market Positioning
- Fig. 76 Strategy Mapping
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