A balustrade is a row of balusters topped by a rail that serves as an open parapet along the edge of a balcony, terrace, bridge, staircase, or a building's eaves. Balustrades can be made of a variety of materials such as stone, steel, or wood. The primary goal of installing balustrades is to keep people from falling off interior and exterior structures.
MARKET SCOPE
The "Global Balustrade Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the balustrade market with detailed market segmentation by material, railing type, application and geography. The report provides key statistics on the market status of the leading balustrade market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global balustrade market is segmented into glass, wood, metal, others.
- Based on railing type, the global balustrade market is segmented into interior railing and exterior railing.
- Based on application, the balustrade market is segmented into residential and non residential.
MARKET DYNAMICS
Drivers:
- The increase in consumer preference and safety considerations is significantly driving the market growth.
- The rise in demand for energy-efficient building solutions worldwide is significantly contributing to the expansion of the balustrade market.
- Growing population, improving economic conditions, rapidly increasing per capita income, and rising urbanization and industrialization will create lucrative growth opportunities for balustrade manufacturers.
- Popularity of glass railings is also propelling the demand of balustrade.
Restraints:
- Volatility in balustrade prices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The balustrade market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the balustrade market in these regions.
IMPACT OF COVID-19 ON BALUSTRADE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including balustrade. Owing to the current pandemic situation, many companies in the balustrade industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the balustrade market is anticipated to grow at a positive and steady pace in the coming years.
MARKET PLAYERS
The report covers key developments in the balustrade market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from balustrade market are anticipated to lucrative growth opportunities in the future with the rising demand for balustrade in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the balustrade market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Absolute Balustrades
- C.R. Laurence Co., Inc.
- GOKING HARDWARE
- Kelco Industries
- Ozone Overseas Pvt. Ltd.
- Q-railing Europe GmbH and Co. KG
- Securerail Ltd
- SG SYSTEM PRODUCTS
- Wagner Architectural Systems
- SWR Ltd.