The global demand for Balustrade Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Thousand Square Meters in 2021 and foreseen to touch XX Thousand Square Meters by 2028 with a CAGR of XX% during 2022-2028.
A Balustrade is a row of balusters supported by a railing. The balustrade is an architectural element found in a balcony, stairways, terrace either indoors or outdoors. They are generally built as a safety measure to prevent people from falling and can be made of wood, stone or other materials. These structures have been built since the 13th century both as a decorative element or for practical purposes to cordon off an area for privacy. Balustrades are built in various designs to enhance the aesthetics of the building. In recent times glass balustrades are being sought after since they can provide safety and enable sunlight to penetrate.
The growing demand for new residential buildings with strict safety standards will be the major driver for the balustrade market. Rapid urbanisation and increased demand for aesthetically pleasing buildings will be a market booster. Increased investments on infrastructural developments and raise in the living standards will further propel the market for Balustrade. The use of glass balustrades can improve the energy efficiency of green buildings and hence will augment the growth of this market. COVID-19 pandemic will have minimal impact on the market. The volatility in the price of raw materials will be the main restraining factor for the growth of this market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of balustrade.
The entire balustrade market has been sub-categorized into railing type, material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Railing Type
- Interior Railing
- Exterior Railing
- Stainless Steel
This section covers regional segmentation which accentuates on current and future demand for balustrade market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Balustrade Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the balustrade market include S3i Group, Ozone Overseas Pvt. Ltd., GOKING HARDWARE, Kelco Industries, ZENBI Co. Ltd., Wagner Architectural Systems, Thorndell Engineering, Q-railing Europe GmbH & Co. KG, C.R. Laurence Co., Inc., Absolute Balustrades, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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