The global Stair Stringer Market is estimated to be valued at US$ 1.7 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Stair stringers provide structural support to stairs and are often made of wood or metal. Stair stringers help distribute the load of stairs and provide attachment points for treads and risers. The growing construction industry has increased the demand for stair stringers across residential and commercial buildings.
Market key trends:
One of the major trends in the Stair Stringer Market Size is the growing demand for engineered wood stringers. Engineered wood products are becoming increasingly popular compared to traditional wood as they are durable, customizable and require lesser maintenance. They are manufactured by binding together wood strands, veneers, lumber or other forms of wood fiber into composite materials. Properties such as strength, moisture resistance and stability can be improved depending on production methods. This has driven their adoption in the construction of stairs in residential and commercial infrastructures. Other key trends include the focus on development of eco-friendly and recyclable materials for stringers and innovative production technologies to manufacture stringers cost-effectively.
Segment Analysis
The global stair stringer market is segmented by material, type and application. By material, wood is expected to hold a dominant market share over the forecast period owing to its low cost and wide availability. Wood has been used traditionally for construction of staircases in residential buildings. By type, the closed stringer segment is anticipated to be the largest revenue generating segment due to its ability to provide strength and rigidity to the staircase structure. Closed stringers also help in fixing the stairs firmly to the stringer. By application, the residential segment accounts for more than 60% market share and is expected to witness significant growth due to rising residential construction activities globally.
Key Takeaways
The global stair stringer market is expected to witness high growth, exhibiting a CAGR of 5.5% over the forecast period, due to increasing construction of residential and commercial buildings globally.
Regional analysis - North America is expected to dominate the global stair stringer market over the forecast period. This is attributed to rising remodeling and reconstruction activities in the U.S. and Canada. Asia Pacific is anticipated to exhibit the fastest growth rate owing to growing population and rapid urbanization in countries such as China and India.
Key players - Key players operating in the stair stringer 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 & Century Aluminum Railings. Simpson Strong-Tie Co., Inc. is one of the leading providers of stair stringers with strong distribution network across North America. Fast-Stairs Inc. manufactures wooden stair parts including stringers wide variety of designs and wood types.
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