The global railing market size reached around USD 55.83 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034 to reach nearly USD 92.69 Billion by 2034.
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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.
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
November 2024
Digger Specialties Inc. introduced two new additions to its portfolio of Westbury railing systems, which are renowned for their labour-saving features and superior quality characteristics.
November 2024
IG Railing announced its decision to debut IG Switch, a new brand for privacy frameless glass railings at DeckExpo (exhibition show) in Dallas in Booth#4212. This is creating a favourable railing market outlook. IG Switch leverages advanced Polymer Dispersed Liquid Crystal (PDLC) technology to seamlessly create a blend of privacy and transparency.
September 2024
To enhance product accessibility and create a reliable network of customer service centres, IG Railing appointed K+R Building Materials as its new distributor in the Midwest region in the United States.
July 2024
Parksite, a leading American wholesale distributor of premium building products, introduced IG Railing’s innovative solutions to households in Ohio and Florida. This is expected to facilitate the railing market expansion in the coming years.
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 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Materials:
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