by Aluminium railings are system of balusters or balustrades that are designed to keep people from falling. They are commonly used in residential and commercial constructions such as balconies, porches, walkways and stairs owing to their corrosion-resistant, durable and lightweight properties. Aluminium railings are made from extruded or rolled aluminium bars featuring wide range of designs including straight, curved, cable or square balusters. Their customizable designs go well with different architectural styles. With increasing investments in infrastructure and industrial construction projects worldwide, the demand for aluminium railings has risen significantly as they enhance safety and looks of buildings.
The global Aluminium Railing Market is estimated to be valued at US$ 970.9 Mn in 2023 and is expected to exhibit a CAGR of 2.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends gaining traction in the aluminium railing market is the rising popularity of powder coated aluminium railings. Powder coating provides a thicker and more durable finish than liquid paint and is more environmentally friendly as it does not produce volatile organic compounds. Powder coated aluminium railings have superior resistance to weathering, corrosion and scratches. They maintain their bright, long-lasting colour without chipping or peeling for years. This has increased their preference over regular aluminium railings and is expected to drive the future demand.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established brands make entry difficult for new players in the aluminum railing market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute materials.
Bargaining power of suppliers: A few large suppliers exist for aluminum, giving them significant bargaining power over buyers.
Threat of new substitutes: Materials like wood, iron and plastic pose threats as substitutes for aluminum railings.
Competitive rivalry: Intense competition exists among existing vendors due to low product differentiation.
Key Takeaways
The global aluminum railing market is expected to witness high growth. The market in North America is the largest due to high construction spending and infrastructure investments. Stringent government regulations regarding safety and adoption of green building standards drive demand.
Regional analysis
The Asia Pacific region is expected to be the fastest growing market for aluminum railings during the forecast period owing to rising construction activities in China and India. Rapid urbanization and increase in home remodeling & renovation projects boost sales.
Key players
Key players operating in the aluminum railing market are Trex Company, Inc., Fortress Building Products, Century Aluminum Railings, AGS Stainless, Inc., Key-Link, Fencing & Railing, Inc., Fairway Architectural Railing Solutions, Regal Ideas Inc., Westbury Aluminum Railing, Weatherables by USA Vinyl, Harmony Railing. Trex Company and Fortress Building Products dominate the market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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