Light Gauge Steel Framing Market Size, Share & Trends Analysis Report by Type (Long Span, Wall Bearing, Skeleton), by End-use (Commercial, Residential), by Region (APAC, North America), and Segment Forecasts, 2021-2028

The global light gauge steel framing market size is expected to reach USD 48.21 billion by 2028, registering a CAGR of 4.6% over the forecast period. The development of advanced materials with capabilities that offer safety as well as strong structural support will augment the market growth over the forecast years.

The use of these framing products provides ease of installation along with a reduction in the cumulative project completion period owing to pre-fabricated structures, which is anticipated to drive product demand significantly over the next few years. The need to lower the production costs involved in the construction of buildings is also estimated to be one of the key factors responsible for market growth.

The rising need to reduce the cost is projected to result in the development of refined materials and manufacturing processes, ultimately increasing product adoption across the globe. Over the coming years, the product is estimated to have an increased scope of application in commercial buildings owing to improved strength of framing material, facilitating its use in the construction of buildings with more than three floors.

The Covid-19 pandemic has had a significant impact on the market in 2020. Several manufacturing companies reported a notable drop in their revenues for Q1 and Q2 of the year 2020. However, the market witnessed growth in the latter part of Q3 and the beginning of Q4 of 2020. Key players in the market emphasize more on expanding their market presence through mergers and acquisitions.

Light Gauge Steel Framing Market Report Highlights

The skeleton product type segment is expected to witness the fastest CAGR of more than 5% over the forecast period
The segment growth can be credited to the benefits offered by the skeleton product types, in terms of strength and safety
Governments across the globe have undertaken several initiatives for infrastructure development boosting the construction of commercial properties, which has subsequently contributed to the growth of the overall market
The residential end-use segment led the global market accounting for the highest revenue share in 2020 and is expected to grow at a healthy CAGR from 2021 to 2028
This growth is attributed to the increased product adoption in the residential construction sector on account of the rising need to reduce the overall project completion periods
Asia Pacific was the dominant regional market in 2020 and will retain its leading position throughout the forecast period owing to the increasing construction activities of new commercial and industrial buildings

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Frequently Asked Questions about the Light Gauge Steel Framing Market

What is the estimated value of the Light Gauge Steel Framing Market?

The Light Gauge Steel Framing Market was estimated to be valued at $33.89 billion in 2020.

What is the growth rate of the Light Gauge Steel Framing Market?

The growth rate of the Light Gauge Steel Framing Market is 4.6%, with an estimated value of $48.21 billion by 2028.

What is the forecasted size of the Light Gauge Steel Framing Market?

The Light Gauge Steel Framing Market is estimated to be worth $48.21 billion by 2028.

Who are the key companies in the Light Gauge Steel Framing Market?

Key companies in the Light Gauge Steel Framing Market include Hadley Group, Genesis Manazil Steel Framing, Clarkwestern Dietrich Building Systems LLC, Precision Walls Inc., QSI Interiors Ltd., Metek U.K. Limited, Intelligent Steel Solutions Ltd, FRAMECAD, Steel HQ and Steel Frame Solutions.

Report Attribute	Details
No. of Pages	113
Published	April 2021
Forecast Period	2020 - 2028
Estimated Market Value ( USD ) in 2020	$ 33.89 billion
Forecasted Market Value ( USD ) by 2028	$ 48.21 billion
Compound Annual Growth Rate	4.6%
Regions Covered	Global
No. of Companies Mentioned	15

Chapter 1. Methodology and Scope

1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary

2.1. Light Gauge Steel Framing Regional Marketplace: Key Takeaways

Chapter 3. Light Gauge Steel Framing Industry Outlook

3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2017 - 2028
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Rapid growth of the construction sector
3.4.1.2. Technological advancements
3.4.2. Market restraint/challenge analysis
3.4.2.1. Safety issues related to the use of steel
3.4.3. Market opportunity analysis
3.4.3.1. An increase in the adoption of green homes
3.5. Penetration & Growth Prospect Mapping
3.6. Industry Analysis - Porter's
3.7. PEST Analysis

Chapter 4. Light Gauge Steel Framing Market: Type Outlook

4.1. Light Gauge Steel Framing Market Share by Type, 2020 & 2028 (USD Billion)
4.2. Skeleton Steel Framing
4.2.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
4.2.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)
4.3. Wall Bearing Steel Framing
4.3.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
4.3.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)
4.4. Long Span Steel Framing
4.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
4.4.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)

Chapter 5. Light Gauge Steel Framing Market: End-Use Outlook

5.1. Light Gauge Steel Framing Market Share by End Use, 2020 & 2028 (USD Billion)
5.2. Commercial
5.2.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
5.2.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)
5.3. Residential
5.3.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
5.3.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)
5.4. Industrial
5.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
5.4.2. Market estimates and forecast by region, 2017 - 2028 (USD Billion)

Chapter 6. Light Gauge Steel Framing Market: Regional Outlook

6.1. Light Gauge Steel Framing Market Share by Region, 2020 & 2028 (USD Billion)
6.2. North America
6.2.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.2.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.2.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.2.4. The U.S.
6.2.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.2.4.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.2.4.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.2.5. Canada
6.2.5.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.2.5.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.2.5.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.3. Europe
6.3.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.3.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.3.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.3.4. The U.K.
6.3.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.3.4.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.3.4.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.3.5. Germany
6.3.5.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.3.5.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.3.5.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.3.6. France
6.3.6.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.3.6.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.3.6.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.4.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.4.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.4.4. China
6.4.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.4.4.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.4.4.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.4.5. India
6.4.5.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.4.5.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.4.5.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.4.6. Japan
6.4.6.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.4.6.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.4.6.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.5. Latin America
6.5.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.5.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.5.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.5.4. Brazil
6.5.4.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.5.4.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.5.4.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.5.5. Mexico
6.5.5.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.5.5.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.5.5.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2017 - 2028 (USD Billion)
6.6.2. Market estimates and forecast by type, 2017 - 2028 (USD Billion)
6.6.3. Market estimates and forecast by end use, 2017 - 2028 (USD Billion)

Chapter 7. Competitive Analysis

7.1. Recent Developments and Impact Analysis, by Key Market Participants
7.1.1. Company/Competition Categorization
7.1.2. Key Company Share Analysis, 2020
7.1.3. Market Analysis Tools
7.1.3.1. Market Position Analysis
7.1.3.2. Competitive Dashboard Analysis

Chapter 8. Competitive Landscape

8.1. Hadley Group
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Strategic initiatives
8.2. Genesis Manazil Steel Framing
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Strategic initiatives
8.3. Clarkwestern Dietrich Building Systems LLC
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Strategic initiatives
8.4. Precision Walls Inc.
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Strategic initiatives
8.5. QSI Interiors Ltd.
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Strategic initiatives
8.6. Metek U.K. Limited
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Strategic initiatives
8.7. Intelligent Steel Solutions Ltd
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Strategic initiatives
8.8. FRAMECAD
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Strategic initiatives
8.9. Steel HQ
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Strategic initiatives
8.10. Steel Frame Solutions
8.10.1. Company overview
8.10.2. Financial performance
8.10.3. Product benchmarking
8.10.4. Strategic initiatives
8.11. SCAFCO Steel Stud Company
8.11.1. Company overview
8.11.2. Financial performance
8.11.3. Product benchmarking
8.11.4. Strategic initiatives
8.12. WARE Industries, Inc.
8.12.1. Company overview
8.12.2. Financial performance
8.12.3. Product benchmarking
8.12.4. Strategic initiatives
8.13. The Steel Network Inc
8.13.1. Company overview
8.13.2. Financial performance
8.13.3. Product benchmarking
8.13.4. Strategic initiatives
8.14. Cemco
8.14.1. Company overview
8.14.2. Financial performance
8.14.3. Product benchmarking
8.14.4. Strategic initiatives
8.15. Craco Manufacturing, Inc
8.15.1. Company overview
8.15.2. Financial performance
8.15.3. Product benchmarking
8.15.4. Strategic initiatives

List of Tables

Table 1 Global light gauge steel framing market, 2017 - 2028 (USD Billion)
Table 2 Global light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 3 Global light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 4 Global commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 5 Global light gauge steel framing market, by region, 2017 - 2028 (USD Billion)
Table 6 Skeleton steel framing, 2017 - 2028 (USD Billion)
Table 7 Skeleton steel framing market by region, 2017 - 2028 (USD Billion)
Table 8 Wall bearing steel framing, 2017 - 2028 (USD Billion)
Table 9 Wall bearing steel framing by region, 2017 - 2028 (USD Billion)
Table 10 Long span steel framing market, 2017 - 2028 (USD Billion)
Table 11 Long span steel framing market by region, 2017 - 2028 (USD Billion)
Table 12 Commercial light gauge steel framing market, 2017 - 2028 (USD Billion)
Table 13 Commercial light gauge steel framing market, by region, 2017 - 2028 (USD Billion)
Table 14 Residential light gauge steel framing market, 2017 - 2028 (USD Billion)
Table 15 Residential light gauge steel framing market, by region, 2017 - 2028 (USD Billion)
Table 16 Industrial light gauge steel framing market, 2017 - 2028 (USD Billion)
Table 17 Industrial light gauge steel framing market, by region, 2017 - 2028 (USD Billion)
Table 18 North America light gauge steel framing market by type, 2017 - 2028 (USD Billion)
Table 19 North America light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 20 North America commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 21 The U.S. light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 22 The U.S. light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 23 The U.S. commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 24 Canada light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 25 Canada light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 26 Canada commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 27 Europe light gauge steel framing market by type, 2017 - 2028 (USD Billion)
Table 28 Europe light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 29 Europe commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 30 The U.K. light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 31 The U.K. light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 32 The U.K. commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 33 Germany light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 34 Germany light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 35 Germany commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 36 France light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 37 France light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 38 France commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 39 Asia Pacific light gauge steel framing market by type, 2017 - 2028 (USD Billion)
Table 40 Asia Pacific light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 41 Asia Pacific commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 42 China light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 43 China light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 44 China commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 45 India light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 46 India light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 47 India commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 48 Japan light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 49 Japan light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 50 Japan commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 51 Latin America light gauge steel framing market by type, 2017 - 2028 (USD Billion)
Table 52 Latin America light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 53 Latin America commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 54 Brazil light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 55 Brazil light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 56 Brazil commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 57 Mexico light gauge steel framing wall market by type, 2017 - 2028 (USD Billion)
Table 58 Mexico light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 59 Mexico commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 60 Middle East and Africa light gauge steel framing market by type, 2017 - 2028 (USD Billion)
Table 61 Middle East and Africa light gauge steel framing market, by end use, 2017 - 2028 (USD Billion)
Table 62 Middle East and Africa commercial light gauge steel framing market, by type, 2017 - 2028 (USD Billion)
Table 63 Company Categorization

List of Figures

Fig. 1 Light gauge steel framing market, 2020 (USD Billion)
Fig. 2 Light gauge steel framing market segmentation and scope
Fig. 3 Light gauge steel framing market, 2017 - 2028 (USD Billion)
Fig. 4 Value chain analysis
Fig. 5 Light gauge steel framing market driver impact
Fig. 6 Light gauge steel framing market restraint impact
Fig. 7 Light gauge steel framing market opportunity impact
Fig. 8 Light gauge steel framing penetration and growth prospects mapping
Fig. 9 Light gauge steel framing market-Porter’s five forces analysis
Fig. 10 Light gauge steel framing market-PESTLE analysis
Fig. 11 Light gauge steel framing market, by type, 2020 & 2028 (USD Billion)
Fig. 12 Light gauge steel framing market, by end user, 2020 & 2028 (USD Billion)
Fig. 13 Light gauge steel framing market, by region, 2020 & 2028
Fig. 14 North America light gauge steel framing market - Key takeaways
Fig. 15 Europe light gauge steel framing market - Key takeaways
Fig. 16 Asia Pacific light gauge steel framing market - Key takeaways
Fig. 17 Latin America light gauge steel framing market - Key takeaways
Fig. 18 MEA light gauge steel framing market - Key takeaways