According to a recent market study published by Growth Market Reports, titled, “Global Stainless Steel Handrail Market is segmented into by type, by application and by region: Size, Share, Trends and Opportunity Analysis, 2017-2032”, the market was valued at US$ 17,124.7 Million in 2023 and is expected to grow at a growth rate of 6.4% by the year 2032.

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Stainless steel handrails offer a unique combination of durability, safety, and aesthetic appeal that makes them an excellent choice for many architectural and interior design projects. Whether used in residential or commercial settings, stainless steel handrails provide a reliable and secure solution for users.

They are an ideal choice for designers and architects seeking a high-quality solution for their clients, due to their easy maintenance and customization options. Stainless steel handrails are a versatile and practical solution that enhances the functionality and safety of any space.

Another benefit of stainless steel handrails is their ease of maintenance. Unlike traditional handrails made from wood or metal, stainless steel handrails require minimal upkeep and are easily cleaned with soap and water. This makes them an ideal choice for high-traffic areas or public spaces where frequent cleaning is necessary.

Based on type, the global stainless steel handrail market is segmented into interior handrail and exterior handrail. The exterior handrail segment is projected to expand at a significant CAGR during the forecast period, as these handrails are highly resistant to corrosion, making them well-suited for outdoor applications. Stainless steel exterior handrails are designed to withstand outdoor exposure for many years without deteriorating or needing frequent replacements. Their longevity and resistance to corrosion make them a cost-effective investment over the lifespan of the railing system. Commercial buildings utilize stainless steel handrails for exterior applications such as entryways, walkways, and outdoor seating areas. These handrails enhance safety and accessibility for employees, customers, and visitors.

On the basis of application, the global stainless steel handrail market is classified into commercial and residential. The commercial segment held a significant market share in 2023, due to increased focus on safety in public spaces and growing awareness among building owners and developers regarding the importance of installing robust handrail systems. Stainless steel handrails offer reliability and stability, ensuring the safety of occupants and visitors. Stainless steel handrails play a critical role in healthcare settings such as hospitals, clinics, and medical offices, where they provide support and assistance for patients, visitors, and staff. These handrails are designed to meet stringent hygiene standards and are easy to clean and disinfect.

The outbreak of COVID-19 pandemic disrupted the global supply chain, due to lockdown measures, travel restrictions, and manufacturing disruptions. Supply chain issues led to challenges in the production and distribution of several products, causing delays in delivery and shortages in some regions. Supply chain disruptions moderately impacted the availability of essential raw materials required for manufacturing stainless steel handrail. Governments had imposed social distancing and remote working as well as shut down economic operations globally, which hampered the global stainless steel handrail market.

As per Growth Market Reports by industry analyst Raksha Sharma, “Factors such as increased focus on safety and security, growing construction industry, aesthetics and design, and corrosion resistance play a significant role in the growth of global stainless steel handrail market.”

Supply chain management is an essential part of any business. Supply chain contains a series of steps to get products from their original state to the customers. These steps include transforming raw materials into final products, transporting those products, and distributing them to the end-users. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. The products are then supplied to the distributors. End-users are the final step of the supply chain. End-users of stainless steel handrail include commercial and residential facilities.

Market Key Players

The players in the global stainless steel handrail market include Crystal Handrail World, Global Walkway Solutions Ltd, Goking International Limited, Halinox Steel Industries, HDI Railing Systems, Imperio Railing Systems, Inline Design, Kamal Metal Industries., Kelco Industries, NAKA CORPORATION, S3i Group, The Handrail People, and Others.

Report Scope

Report Metric

Details

Market Value in 2023

USD 17,124.7 Million

Market Growth Rate (from 2024 to 2032)

5.40%

Historical Data

2017 & 2022

Base Year

2023

Forecast Period

2024 – 2032

Units Considered

Value (USD Million)

Market Segments

By type, and by application

Key Companies Profiled

Crystal Handrail World, Global Walkway Solutions Ltd, Goking International Limited, Halinox Steel Industries, HDI Railing Systems, Imperio Railing Systems, Inline Design, Kamal Metal Industries., Kelco Industries, NAKA CORPORATION, S3i Group, and The Handrail People.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Manufacturer, Suppliers and End-users.

  • Demand Side: Commercial and Residential Facilities.