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Light Gauge Steel Framing Market Research, 2025 | Industry Report

Light Gauge Steel Framing Market Analysis Report By End Use, By Type, By Region And Segment Forecasts From 2017 To 2025

Report ID: MN17619906  |  Published: July 2020  |  No of Pages: 113
Format: Electronic (PDF)  |  Industry: Building Materials  |  Publisher: Grand View Research

Industry Insights

The global light gauge steel framing market size was worth USD 29.07 billion in the year 2016. It is poised to register a CAGR of 4.7% from 2017 to 2025. An increase in construction activities across the globe is expected to surge the market growth in the upcoming years.

Moreover, innovations in technologies have resulted in the deployment of light gauge steel framing with better stability, safety, and strength. These superior frames can be installed in commercial, industrial, and residential building with still three floors, thereby, boosting the market growth.

North America light gauge steel framing market

Housing schemes initiated by governments across China and India are likely to stimulate growth in the next eight years. Projects utilizing light gauge steel framing are done in less time compared to the ones using wood or concrete as structural support. This factor, in turn, is anticipated to bode well for the market growth.

End-Use Insights

These frames are largely used in residential and commercial buildings to provide structural support. Technological developments have enabled their application in commercial buildings with three floors or more. The demand is further likely to increase considerably in the next eight years due to better material strength, increasing awareness related to its economic benefits, and a refined manufacturing process.

The development of various commercial buildings like hotels, retail stores, garages, warehouses, and medical centers in Brazil, China, India, and other Middle Eastern nations is expected to drive the light gauge steel framing market growth by 2025.

Moreover, rapid industrialization in developing and developed countries is anticipated to propel the demand for long-span steel framing. The application in residential buildings is further expected to grow owing to less time required in the completion of the project, especially in Germany, Japan, the U.K., and the U.S.

Type Insights

Skeleton framing is poised to grow at the fastest rate due to the rising applications in commercial buildings. Such frames create building structures and offer better strength and stability for multi-story and single buildings. Therefore, it is likely to gain traction in the residential sector especially in the U.K., U.S., and parts of Europe over the forecast period.

Global light gauge steel framing market

The light gauge steel framing industry is presently led by classic designs that are expected to be substituted by eco-friendly, modern designs in the coming eight years. Rapid demand and ease of availability in end-use segments like industrial and commercial sectors due to global economic growth are expected to create lucrative opportunities for industry participants from 2017 to 2025.

Regional Insights

The Asia Pacific held the largest market in 2016 with a share exceeding 40.0% based on overall revenue. The growth can be imputed to growing construction activities in India, China, and Southeast Asian nations. Construction trend is expected to be bolstered in the region. Further, growing renovation activities with these frames providing structural support, especially in U.K. and U.S., is likely to augment the growth.

Europe and North America together held a share of above 40% of the overall market in 2016 due to extensive re-structuring done by local government bodies. These regions are adaptive to innovative technologies thus, leading to higher penetration of this framing across residential and commercial sectors.

Light Gauge Steel Framing Market Share Insights

The key players include QSI Interiors Ltd., FRAMECAD, Genesis Manazil Steel Framing, and Emirates Building Systems LLC, among others. The market players are aiming on consolidating their market presence. For this, they adopt several strategies including partnerships, mergers & acquisitions, quoting competitive prices, introducing new services and products, and making investments.

Report Scope

Attribute

Details

The base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Billion & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country Scope           

U.S., Canada, UK, Germany, France, China, India, Japan, Brazil, and Mexico

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global light gauge steel framing market report on the basis of type, end-use, and region:

• Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Skeleton
    • Wall Bearing
    • Long Span

• End-Use Outlook (Revenue, USD Billion, 2014 - 2025)
    • Residential
    • Commercial
    • Industrial

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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