Dublin, May 16, 2023 (GLOBE NEWSWIRE) -- The "U.S. Railing Market Size, Share & Trends Analysis Report By Material (Wood, Metal, Composite, Others), By Application (Residential, Non-Residential), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. railing market size is expected to reach USD 8.04 billion by 2030, registering a CAGR of 3.9% from 2023 to 2030
The growth is attributed to the rising investments by the U.S. government in the construction of affordable residential homes. Moreover, a rising shift towards the adoption of eco-friendly products owing to increasing environmental concerns can also be attributed to the growth of the railing market in the U.S.
Wooden railings are not sustainable as their production leads to deforestation, but engineered wood railings are a highly environment-friendly substitute. These railings are made from wood scraps, shredded wood fibers, real wood binding pieces, and sawdust and have characteristics similar to wood but with increased strength and durability. This is expected to increase the demand for engineered railing in the coming years. Furthermore, metal railings are gaining prominence in the U.S. due to their aesthetic appeal, durability, and sturdiness. They also require less maintenance.
There have been growing advancements in the technologies, such as 3D laser scanners, has enabled the development of highly complex structures, making it easier to develop 3D designs that were previously manually developed. These designs can be visualized and changed to meet the needs of clients.
The market is expected to be hampered by the volatility of railing prices due to accessibility and location, as well as other factors such as style, design, material type, installation cost, and contractor. Cost-sensitive customers are expected to limit their demand for the product on new and renovation projects.
The railing market in the U.S. is highly competitive due to the presence of multiple large players in the market. Companies are focusing on acquiring local niche players to improve customer interaction and improve their market position. Collaborations, capacity growth, product development, mergers, and acquisitions are some of the strategies used by companies. Economies of scale in distribution often advantage these companies.
Market participants strive for a competitive edge through low prices, a diverse assortment of products, and quick turnaround times. Product availability is a key factor affecting sales, so players prefer to source their raw materials from multiple sources rather than relying on one supplier.
U.S. Railing Market Report Highlights
- The wood railing segment led the market and accounted for the largest revenue share of 41.5% in 2022, and it is growing at a CAGR of 3.2% over the forecast year 2023-2030. Wood is the most conventional and classic railing material and is a favored alternative for residential applications due to its aesthetic appeal and ease of procurement. It is expected to witness growth due to its high strength, longevity, and ease of maintenance
- The residential application segment dominated the market and accounted for USD 3, 079.7 in 2022 and is anticipated to grow at a CAGR of 4.1% over the forecast year. The majority of the revenue generated by the residential railing market comes from metal and composite railing. The growth in single-family residential construction and remodeling activities in the U.S. is driving the demand for railing. Moreover, increasing residential completions and growing consumer interest in residential renovation and decor are anticipated to boost market demand over the forecast period
- Composite railing material segment is growing at the fastest rate of 4.9% over the forecast period 2023-2030. The composite railing segment is contributing to the growth of the railing market due to its cost-effectiveness and advantages such as high durability, lightness, little or no maintenance needs, and easy replacement as compared to a conventional wood and metal railing
- The market has a presence of many established players who are opting for strategies such as mergers and acquisitions to gain a competitive edge. Some established companies are vertically integrated across the value chain of railing, resulting in high-profit margins
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 74 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.92 Billion |
| Forecasted Market Value (USD) by 2030 | $8.04 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | United States |
Competitive Landscape
- Q-railing
- VIVA Railing
- Century Aluminum Railing
- GRECO Architectural Metals
- AMERICAN RAILING SYSTEMS, INC.
- The Wagner Companies
- ViewRail
- Fortress Building Products
- HDI Railing Systems
- Trex Company, Inc.
- Barrette Outdoor Living
- Digger Specialties, Inc.
- UFP
- Fiberon
- Absolute Distribution Inc.
- Eastern Wholesale Fence LLC
- ULTRALOX INTERLOCKING
- TimberTech
- The Azek Company Inc.
U.S. Railing Market Variables, Trends, and Scope
Driver Analysis
- Growth of the residential construction sector.
- Increasing demand for eco-friendly products
Market Restraint Analysis
- Fluctuating prices of raw materials and energy costs
Industry Analysis - Porter's
PESTLE Analysis by SWOT
Market Disruption Analysis
Market Lineage Outlook
U.S. Railing Market - Value Chain Analysis
- Sales Channel Analysis
Technology Overview
Regulatory Framework
For more information about this report visit https://www.researchandmarkets.com/r/t4ofp
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