Stair Stringer Market, By Material Type (Wood, Metal (steel, aluminum, etc.), and Composite materials), By Application (Residential, Commercial (offices, retail spaces, public buildings), and Industrial (factories, warehouses)), By Construction Type (Indoor stair stringers, Outdoor stair stringers), By Design Style (Traditional/Classic, Modern/Contemporary, Industrial, Minimalistic), By End User (Homeowners, Architects and Designers, Contractors and Builders), By Distribution Channel (Direct Sales ( manufacturers selling directly to customers), Retail ( home improvement stores, specialized building material stores), Online Retail ( e-commerce platforms)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Global stair stringer market size is estimated to be valued at US$ 1.7 Bn in 2023, and is estimated to reach US$ 2.47 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The market growth is majorly driven by increasing demand for residential and commercial construction activities. Rising adoption of prefabricated stair stringers and growing popularity of floating staircases are expected to drive themarket growth.
Global stair stringer market is segmented into material type, application, construction type, design style, end user, distribution channel, and region. By material type, the market is segmented into wood, metal (steel, aluminium, etc), and composite material. The wood segment is projected to account for the largest share of the market in 2023 due to increasing demand for wooden staircases due to their aesthetic appeal and natural look. The metal segment is projected to grow at the fastest CAGR during the forecast period due to increasing demand for metal staircases in commercial buildings due to their durability and strength.
Global Stair Stringer Market- Regional Insights
North America is expected to dominate the market with a share of 35% in 2023. The market growth in North America is due to increasing demand for residential and commercial construction in the region. The presence of a large number of manufacturers and suppliers of stair stringers in the region is also driving the market growth.
Europe is expected to be the second largest market for stair stringers with a share of 19% in 2023. The market growth in Europe is due to increasing demand for sustainable and eco-friendly construction materials in the region. The presence of stringent building regulations in Europe is also driving the market growth.
Asia Pacific is expected to be the fastest growing market for stair stringers with a CAGR of 15% from 2023 to 2028. The market growth in Asia Pacific is due to growing construction industry in the region. The increasing demand for customized stair stringers in the region is also driving the market growth.
Figure 1. Global Stair Stringer Market Share (%), By Region, 2022
Construction and Real Estate Industry Growth: The demand for stair stringers is linked to growth of the construction and real estate sectors. As new buildings, homes, commercial spaces, and infrastructure projects are constructed, there is need for staircases, and this requires stair stringers.
Urbanization and Population Growth: Rapid urbanization and population growth often leads to increased construction activities including the need for residential and commercial spaces. More buildings mean more staircases, this boosts demand for stair stringers. For instance, according to the Department of Economic and Social Affairs by United Nation, urbanization and population growth is a global phenomenon that is projected to continue in the near future, with 68% of the world's population projected to live in urban areas by 2050.
Renovation and Remodeling Trends: Homeowners and businesses often undertake renovation and remodeling projects to update their properties. This can involve replacing or upgrading staircases that includes the use of new stair stringers. For instance, the State of Remodeling in the U.S. state that due to a volatile housing market and rising mortgage rates, many homeowners are choosing to renovate their living space rather than search for a new home.
Design Trends and Aesthetics: Architectural and interior design trends influences the types of staircases that are huge in demand. Innovations in stair design including floating stairs and open-concept designs can boost need for specialized stair stringers that cater to these trends.
Global Stair Stringer Market- Opportunities
Innovative Design Solutions: There is an opportunity to offer for unique and innovative stair stringer designs that cater to changing architectural and interior design trends. This includes modular, floating, or customizable stringer systems that provide both functionality and aesthetic appeal.
Sustainability and Green Building: With growing emphasis on environmental sustainability, there is a potential market for stair stringers designs that are made from eco-friendly materials or those that contribute to green building certifications, such as LEED (Leadership in Energy and Environmental Design).
Digital Tools and Customization: Development of digital tools or software that allows architects, designers, and builders to create custom staircases with precise measurements and configurations can enhance the user experience and streamline the ordering process
Ease of Installation: Developing user-friendly installation methods and kits for stair stringers can appeal to both DIY (do-it-yourself) enthusiasts and professional contractors, who are potentially opening up a broader customer base
Global Stair Stringer Market- Trends
Sustainability and Eco-Friendly Materials: The construction industry has been moving towards more sustainable practices and materials. This trend propel the stair stringer market, where there is increasing interest in using eco-friendly materials like reclaimed wood, recycled metals, or composite materials that have a lower environmental impact.
Customization and Personalization: Consumers and designers are seeking unique and personalized solutions for staircases. This trend has boosted demand for customizable stair stringers that fit specific design preferences and spatial requirements.
Minimalist and Open Design: Modern interior design trends often favor minimalist and open concepts. As a result, there is growing interest in open staircases with sleek and minimalist stringer designs that can create a sense of space and light.
Technology Integration: Integration of technology into staircases is becoming more common. This could include LED lighting integration into the stringers, smart sensors for safety, or even digital interfaces for controlling lighting and other elements of the staircase.
Stair Stringer Market Report Coverage
Report Coverage
Details
Base Year:
2022
Market Size in 2023:
US$ 1.7 Bn
Historical Data for:
2018 to 2021
Forecast Period:
2023 - 2030
Forecast Period 2023 to 2030 CAGR:
5.5%
2030 Value Projection:
US$ 2.47 Bn
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
By Material Type: Wood, Metal (steel, aluminum, etc.), and Composite materials
By Application: Residential, Commercial (offices, retail spaces, public buildings), and Industrial (factories, warehouses)
By Construction Type: Indoor stair stringers, Outdoor stair stringers
By Design Style: Traditional/Classic, Modern/Contemporary, Industrial, Minimalistic
By End User: Homeowners, Architects and Designers, Contractors and Builders
By Distribution Channel: Direct Sales ( manufacturers selling directly to customers), Retail ( home improvement stores, specialized building material stores), Online Retail ( e-commerce platforms)
Companies covered:
Simpson Strong-Tie Co., Inc., Fast-Stairs Inc., Pylex Products, Dolle USA, Universal Forest Products, Inc., Regal Ideas Inc., Arke Stairs, The Iron Shop, EZ Stairs and Century Aluminum Railings
Economic Uncertainty: Economic fluctuations can impact the construction and real estate industries, and this can affect demand for staircases and stair stringers. During economic downturns, construction projects may be delayed or canceled, leading to reduced demand for related products.
Regulatory Constraints: Stringent building codes and regulations can pose challenges for stair stringer manufacturers. Compliance with varying regional or national codes can be complex and may require regular updates to product designs and specifications.
Competitive Market: Global stair stringer market may face strong competition from existing players as well as new entrants. This can put pressure on pricing and profitability, thus, making it challenging for smaller businesses to establish themselves.
Dependency on Construction Industry: Global stair stringer market' growth is driven by growth of the construction industry. Slowdowns or downturns in construction can directly impact demand for staircases and related components.
Counterbalances: Global stair stringer market should focus on its reduction of dependency on other industries. It should be able to comply with the regulatory compliance in maintaining its competitiveness in the market.
Counterbalance: Increased Construction Activities: The rise in construction activities worldwide, particularly in developing countries, has boosted the demand for stair stringers. This is due to the essential role they play in staircase construction.
Global Stair Stringer Market- Analyst Viewpoint
The global stair stringer market is poised to grow moderately over the next decade. Driven by the rising residential and commercial construction activities worldwide as well as refurbishment and renovation projects. The demand for wooden stair stringers is expected to remain strong as wood continues to be the material of choice for most high-end projects. However, growing concerns regarding the sustainability of wood coupled with its higher maintenance needs could shift some of the demand towards metal and plastic alternatives going forward. Emerging economies in Asia Pacific and Latin America are likely to provide numerous opportunities owing to strong infrastructure growth. The repair and renovation sector especially in developed countries will aid demand. Nonetheless, changing consumer preferences towards modern design stairs made of alternative materials as well as fluctuations in raw material prices remain challenges.
The North American and European regions, which account for more than half of the current global sales, are anticipated to witness steady demand in the long run. However, the market in developing Asian countries led by China, India and Southeast Asia seems poised to expand at a quicker pace on account of robust economic development and large-scale construction of residential complexes and commercial buildings. Among materials, while wood will continue dominating overall, non-wood variants like metal and plastic are gaining popularity owing to lower maintenance and higher durability. Leading manufacturers should explore options to expand into emerging markets through tie-ups with local players or via exports to tap
In 2021, Accoya acquired Stair Systems U.K. This acquisition provided Accoya access to Stair Systems U.K.'s manufacturing facilities and distribution network in the U.K. This will help Accoya to expand its reach into the U.K market.
In 2022, Alamo Stair Systems partnered with ESCALUS. This partnership allowed Alamo Stair Systems to offer ESCALUS's prefabricated stair stringers to its customers. This gave Alamo Stair Systems a wider range of products to offer its customers.
Figure 2. Global Stair Stringer Market Share (%), By Application, 2023
*Definition: The stair stringer market refers to the industry that produces and supplies the structural components which are used to support and shape staircases, facilitating safe, and stable stair construction in various buildings and structures.
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About Author
Yash Doshi is a Senior Management Consultant. He has 12+ years of experience in conducting research and handling consulting projects across verticals in APAC, EMEA, and the Americas.
He brings strong acumen in helping chemical companies navigate complex challenges and identify growth opportunities. He has deep expertise across the chemicals value chain, including commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals. Yash is a sought-after speaker at industry conferences and contributes to various publications on topics related commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals.
The global Stair Stringer Market size was valued at USD 1.7 billion in 2023 and is expected to reach USD 2.47 billion in 2030.
Regulatory constraints, economic uncertainty, competitive market, and dependency on construction industry are the key factors hampering growth of the global stair stringer market.
Construction and real estate industry growth, urbanization and population growth, renovation and remodeling trends, and design trends and aesthetics are the major factors driving the market growth.
The leading material type segment in the market is composite material stair stringers in the global stair stringer market.
The major players operating in the market are Simpson Strong-Tie Co., Inc., Fast-Stairs Inc., Pylex Products, Dolle USA, Universal Forest Products, Inc., Regal Ideas Inc., Arke Stairs, The Iron Shop, EZ Stairs and Century Aluminum Railings.
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