Quick Summary:
In an era where sustainable construction practices and material efficiency are at the forefront of business operations, the Light Gauge Steel Framing market is set to see substantial growth. With the global market estimated at US$34.4 Billion in 2022 and forecasted to reach US$47.8 Billion by 2030, the business potential in this market is more promising than ever. Accelerating trends of urbanization and modern infrastructure development underpin this expansion, making it an essential investment consideration for forward-looking businesses.
Understanding the complex dynamics and key players in this valuable market can significantly enhance your strategic decision making. This extensive market research report provides critical insights and analysis across various segments such as Wall Bearing and Skeleton, along with noteworthy geographic markets including the US, China, Japan, Canada, Germany and the Asia-Pacific region. Capitalize on the growth of this market and stay ahead of your competition by making informed decisions - leverage our comprehensive market research report today.
Global Light Gauge Steel Framing Market to Reach $47.8 Billion by 2030
The global market for Light Gauge Steel Framing estimated at US$34.4 Billion in the year 2022, is projected to reach a revised size of US$47.8 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Wall Bearing, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$21.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Skeleton segment is readjusted to a revised 4.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 7% CAGR
The Light Gauge Steel Framing market in the U.S. is estimated at US$9.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.9 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.4 Billion by the year 2030.Select Competitors (Total 42 Featured) -
- Arkitech Advanced Construction Technologies
- Emirates Building Systems Co. LLC
- FRAMECAD
- Genesis Manazil Steel Framing
- Hadley Group
- Icarus LSF
- Metek UK Limited
- MRI Steel Framing LLC
- QSI Interiors Ltd.
- Steel Construction Systems
- Steel Frame Solutions
- Steel HQ
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Light Gauge Steel Framing?
What is the growth rate of the Global Market for Light Gauge Steel Framing?
What is the forecasted size of the Global Market for Light Gauge Steel Framing?
Who are the key companies in the Global Market for Light Gauge Steel Framing?
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | September 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 34.4 Billion |
Forecasted Market Value ( USD | $ 47.8 Billion |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Arkitech Advanced Construction Technologies
- Emirates Building Systems Co. LLC
- FRAMECAD
- Genesis Manazil Steel Framing
- Hadley Group
- Icarus LSF
- Metek UK Limited
- MRI Steel Framing LLC
- QSI Interiors Ltd.
- Steel Construction Systems
- Steel Frame Solutions
- Steel HQ