- Architectural designs and trends have evolved at a rapid pace. Conventional designs and structures continue to remain popular, while modern designs and structures are being deployed across construction and infrastructure development projects worldwide.
- Railing has emerged as one of the crucial features of a staircase, as it provides several benefits. Railings have garnered significant popularity as safety components in staircases, and are increasingly being used across an array of infrastructure development projects, sports stadiums, public pathways, and commercial and residential buildings worldwide.
Key Drivers of Global Railing Market
- Rapid industrialization and urbanization is a key driver of the railing market. Significant rise in investment in infrastructure and construction industries over the last few years has been boosting the demand for railings. This trend is expected to continue during the forecast period.
- Increase in demand for railings among end-users such as automobile and electronics industries is expected to drive the market. Significant rise in demand for automobile and home appliances in developing and developed countries around the world is driving the demand for railings. This trend is expected to continue during the forecast period, thereby propelling the railing market.
- Prices of railings are volatile, depending on location, accessibility, style, complexity, material type, experience of the contractor, and installation costs. Volatility in balustrade prices is likely to hamper the railing market during the forecast period.
Global Railing Market: Segmentation
- The global railing market can be segmented based on material and end-user
- In terms of material, the global railing market can be classified into glass, stainless steel, aluminum, and others. Demand for glass and stainless steel railings is expected to be higher among end-users during the forecast period.
- In terms of end-user, the global railing market can be divided into residential, commercial, and industrial. Demand for residential and commercial railings is likely to be higher during the forecast period.
Global Railing Market: Regional Segmentation
- Based on region, the global railing market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- Asia Pacific is expected to dominate the global railing market during the forecast period. The market in the region is estimated to expand at a significant pace during the forecast period. This can be ascribed to the rapid industrial development in the region. China, India, Japan, and Singapore are the leading countries in the region. China is projected to lead the railing market in Asia Pacific owing to the increase in investments in end-user industries in the country.
- North America and Europe are also estimated to account for considerable share of the global railing market during the forecast period. Increase in demand for railing among residential and commercial end-users is expected to boost the market in these regions in the near future.
- Demand for railings is rising in Latin America and Middle East & Africa owing to the increase in industrialization and urbanization in these regions. Growth in investment in infrastructure and construction industries is likely to boost the demand for railing in Latin America and Middle East & Africa during the forecast period.
COVID-19 Impact on Railing Machine Market
- The COVID-19 pandemic has adversely impacted the global economy due to the stringent lockdowns imposed in all major countries. Investment in development of infrastructure and construction industries has also been affected by these lockdowns. A few projects have been delayed, while some have been put on hold. However, governments of various countries across the world are easing lockdown restrictions. They are investing significantly in infrastructure projects to boost the economy. As a result, investment in infrastructure and construction industry projects is estimated to rise steadily. This, in turn, is projected to drive the demand for railings during the forecast period.
Key Players Operating in Global Railing Market
- VIVA Railings
- Riverside Ironwork Canada Inc
- North American Fencing Corp
- Excell Railing Systems Ltd
- East & West Alum Craft Ltd.
- Regal ideas inc.
- Patriot Rail Company
- Fortress Building Products
Global Railing Market: Research Scope
Global Railing Market, by Material
- Stainless Steel
Global Railing Market, by End-user
The Global Railing Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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