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Report Overview
The global railing market size reached around USD 53.07 Billion in 2023. The market is projected to grow at a CAGR of 5.20% between 2024 and 2032 to reach nearly USD 83.75 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per the railing market analysis, the average installation cost of wooden railings is around USD 700-USD 1,200.
- The average price of a 25-foot staircase railing is around USD 700- USD 6,000.
- As per industry reports, the installation of an aluminium staircase railing can cost around USD 3000-USD 6000.
Global Railing Market Growth
As per the Joint Center for Housing Centers of Harvard University (JCHS), the home renovation market has witnessed a major shift towards do-it-yourself projects, with demands increasing by 23.8% in 2020-21. In 2021, Americans spent around USD 406 billion on home improvement projects, which was a year-on-year growth of 11.8% from USD 363 billion in 2020. Over the past few years, American homeowners’ median spending on home improvement projects increased from USD 15,000 in 2020 to USD 18,000 in 2021, thereby recording a y-o-y growth of 20%. New homeowners spend substantially more on home renovation projects (around USD 30,000), followed by short-term homeowners (USD 19,000). Of all the expensive interior projects (excluding kitchen and bathrooms), laundry and living rooms (33%) were the most popular renovation projects for homeowners. This is expected to favourably influence the railing market value, as railings serve to enhance the safety and appearance of stairwells in big buildings and bungalows.
The National Association of Realtors reports that people are motivated to take on home renovation projects for upgrading worn-out surfaces (30%), improving liveability (20%), and changing the house’s layout (16%). This is expected to have a significant impact on the demand for railings, leading to the market growth in the upcoming years.
Compound Annual Growth Rate
Value in USD Billion
5.2%
2024-2032
Railing Market Outlook
*this image is indicative*
Key Trends and Developments
The soaring appeal of wooden finishing; metal detailing of balusters; integration of LED lights in railings; and the increasing installation of statement rails are the major factors favouring the railing market growth
Soaring appeal of wooden finishing
Wooden finishings are aesthetically pleasing and impart a classic, yet stylish appearance to hand railings. Many households have also shifted towards the installation of wooden railings in the form of floor-to-ceiling balustrades, horizontal irons, and wall-mounted handrails.
Metal detailing of balusters
Architectural firms engaged in designing railings are focusing on metal detailing of balusters and establishing a resemblance of either colour, design, or material with the handrail. This is favourably shaping the railing market dynamics.
Integration of LED lights in railings
Consumers are exhibiting a higher preference for railings installed with lights at the bottom of the handrails. This enhances the safety of using staircases and imparts a modern appearance to the house.
Increasing installation of statement rails
Statement rails made from stainless steel are extremely popular in the market. They are designed with contrasting colours and impart a sleek and modern appearance to the stairwell of any home.
Global Railing Market Trends
Wood finishings are becoming exceedingly popular among consumers due to their crack-resistant nature and high degree of durability. Some wood finishings are resistant to natural weathering agents and can withstand highly saline or humid conditions. They can also be UV-resistant and anti-corrosive, which makes them an ideal choice for balancing the overall style of a home. Over the forecast period, the railing market development is expected to be largely influenced by the emergence of new finishing materials and patterns, especially including wooden textures and colours.
Global Railing Industry Segmentation
The EMR’s report titled “Global Railing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Materials
- Wood
- Metal
- Composites
- Vinyl
- Glass
- Others
Breakup by Application
- Interior Application
- Exterior Application
Breakup by Installation
- Professional Installation
- Do-It-Yourself (DIY)
Breakup by Railing Style
- Glass Panel
- Baluster
- Others
Breakup by End-Use
- Residential
- Non-residential
Breakup by Distribution Channel
- Direct
- Indirect
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Railing Market Share
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the market for railings in the Asia Pacific is expected to grow at a CAGR of 5.9% due to the growth of the construction industry. Moreover, the railing market size in the region is expected to increase due to the increasing appeal for statement railings and the growth of home refurbishment projects.
Leading Companies in the Global Railing Market
Major players are manufacturing glass railings equipped with LED lights to cater to the increasing demand for stylish and modern railings. This is expected to increase the railing market revenue in upcoming years.
Regal ideas Inc.
Regal ideas Inc. was founded in 1985 and is headquartered in British Columbia, Canada. It specialises in developing aluminium railings, aluminium fencing, and LED-equipped deck rail lighting systems.
UFP Industries, Inc.
UFP Industries, Inc. was founded in 1995 and is headquartered in Michigan, United States. It specialises in ma...
Barrette Outdoor Living, Inc.
Barrette Outdoor Living, Inc. was founded in 1978 and is headquartered in Ohio, United States. It specialises ...
Digger Specialties Inc.
Digger Specialties Inc. was founded in 1984 and is headquartered in Indiana, United States. It is engaged in m...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the railing market report are Iron Baluster, LLC, IG Railing, Trex Company, Inc., The AZEK Company, INVISRAIL, and Century Aluminum Railings, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 53.07 Billion.
The market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 83.75 Billion by 2032.
The different regions considered in the market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different distribution channels in the market are direct and indirect.
The different applications of railings are interior application and exterior application.
The different end-uses of railings are residential and non-residential.
Key players in the market are Regal ideas Inc., Iron Baluster, LLC, IG Railing, Trex Company, Inc., The AZEK Company, Barrette Outdoor Living, Inc., UFP Industries, Inc., INVISRAIL, Digger Specialties Inc., and Century Aluminum Railings, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Materials |
|
| Breakup by Application |
|
| Breakup by Installation |
|
| Breakup by Railing Style |
|
| Breakup by End-use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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