Increasing Demand from Oil & Gas Industry to Escalate Market Growth During 2021-2028
According to the latest market study on “APAC Steel Grating Market Forecast to 2028 - COVID-19 Impact and Analysis - by Material Type (Stainless Steel Grating, Carbon Steel Grating, and Aluminum Steel Grating), Surface Type (Plain Steel Grating and Serrated Steel Grating), and Application (Stair Treads, Walkways, Platforms, Security Fence, Drainage Covers, Trench Covers, and Others),” the market was valued at US$ 38,038.86 million in 2020 and is projected to reach US$ 68,068.77 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028. The report highlights key driving factors and prominent market players along with their developments in the market.
Steel grating is an open grid assembly of metal bars, which is extensively used in multiple applications owing to its low maintenance requirements and corrosion resistance. Steel gratings have a substantial load-bearing capacity and hence are used in flooring applications. The wide range of steel grating applications include manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, and walkways. Rapid industrialization in emerging countries, such as India and China, and growing spending on infrastructure development by governments provide lucrative growth opportunities to the steel grating market players.
Steel grating drilling platforms are lightweight and explosion-proof, and feature anti-rust, huge bearing capacity, and non-slip properties. They are highly suitable for ocean as they lessen the chance of accidents. Thus, to explore and exploit offshore oil and natural gas resources, the steel gratings are extensively used in drilling platform. Besides, in the oil & gas sector, steel gratings are used in a wide range of applications, such as docks, ramps, platforms, crossover platforms, trench covers, security fences, catwalks, flooring, and machine guards. These gratings are also extensively used as platforms, floors, and walkways in the mining sites, power plants, and commercial buildings, as well as on roads and railway tracks.
The US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries across the world in terms of COVID-19 confirmed cases and reported deaths as of March 2021. COVID-19 pandemic has affected various industries in the world due to lockdowns, travel bans, and business shutdowns. The manufacturing industry is suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns due to this outbreak. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, which impacts the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are hindering the growth of the steel grating market in the region. Till now, India recorded the highest number of COVID -19 confirmed cases in the region, followed by Indonesia, Japan, and Malaysia.
A few of the major key players operating in the APAC steel grating market are Alabama Metal Industries Corporation; Kraty Mostostal Kraków SP. Z O.O.; Lichtgitter GmbH; Lionweld Kennedy Flooring Ltd; Gebrüder MEISER GmbH; Valmont Industries, Inc.; Ningbo Lihongyuan Steel Grating Co. Ltd.; Sinosteel Corporation; YanTai Rising Steel Grating Co. Ltd.; and Yantai Xinke Steel Structure Co. Ltd.
Geographic Overview of APAC Steel Grating Market.
Steel grating is an open grid assembly of metal bars, which is extensively used in multiple applications owing to its low maintenance requirements and corrosion resistance. Steel gratings have a substantial load-bearing capacity and hence are used in flooring applications. The wide range of steel grating applications include manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, and walkways. Rapid industrialization in emerging countries, such as India and China, and growing spending on infrastructure development by governments provide lucrative growth opportunities to the steel grating market players.
Steel grating drilling platforms are lightweight and explosion-proof, and feature anti-rust, huge bearing capacity, and non-slip properties. They are highly suitable for ocean as they lessen the chance of accidents. Thus, to explore and exploit offshore oil and natural gas resources, the steel gratings are extensively used in drilling platform. Besides, in the oil & gas sector, steel gratings are used in a wide range of applications, such as docks, ramps, platforms, crossover platforms, trench covers, security fences, catwalks, flooring, and machine guards. These gratings are also extensively used as platforms, floors, and walkways in the mining sites, power plants, and commercial buildings, as well as on roads and railway tracks.
Impact of COVID-19 Pandemic on Steel Grating Market
The US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries across the world in terms of COVID-19 confirmed cases and reported deaths as of March 2021. COVID-19 pandemic has affected various industries in the world due to lockdowns, travel bans, and business shutdowns. The manufacturing industry is suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns due to this outbreak. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, which impacts the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are hindering the growth of the steel grating market in the region. Till now, India recorded the highest number of COVID -19 confirmed cases in the region, followed by Indonesia, Japan, and Malaysia.
A few of the major key players operating in the APAC steel grating market are Alabama Metal Industries Corporation; Kraty Mostostal Kraków SP. Z O.O.; Lichtgitter GmbH; Lionweld Kennedy Flooring Ltd; Gebrüder MEISER GmbH; Valmont Industries, Inc.; Ningbo Lihongyuan Steel Grating Co. Ltd.; Sinosteel Corporation; YanTai Rising Steel Grating Co. Ltd.; and Yantai Xinke Steel Structure Co. Ltd.
Geographic Overview of APAC Steel Grating Market.
The report segments the APAC Steel Grating market as follows:
By Material Type
- Stainless Steel Grating
- Carbon Steel Grating
- Aluminum Steel Grating
By Surface Type
- Plain Steel Grating
- Serrated Steel Grating
By Surface Type
- Stair Treads
- Walkways
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Others
By Geography
- Asia Pacific
- Australia
- China
- India
- Japan
- Singapore
- Malaysia
- Thailand
- Rest of Asia Pacific
Reasons to buy:
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Steel Grating market, thereby allowing players to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Steel Grating Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinion
5. Steel Grating Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Widening Application Scope Of Steel Grating
5.1.2 Increasing Demand From Oil & Gas Industry
5.2 Market Restraint
5.2.1 High Cost of Raw Materials
5.3 Market Opportunities
5.3.1 Surging Demand For Carbon Steel Grating
5.4 Future Trends
5.4.1 Innovation And Advancement In The Steel Grating Industry
5.5 Impact Analysis
6. Steel Grating - ASIA Pacific Market Analysis
6.1 Steel Grating Market Overview
6.2 Steel Grating Market-Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning
7. APAC Steel Grating Market Analysis - By Material Type
7.1 Overview
7.2 APAC Steel Grating Market Breakdown, By Material Type, 2020 & 2028
7.3 Stainless Steel Grating
7.3.1 Overview
7.3.2 Stainless Steel Grating: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
7.4 Carbon Steel Grating
7.4.1 Overview
7.4.2 Carbon Steel Grating: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
7.5 Aluminum Steel Grating
7.5.1 Overview
7.5.2 Aluminum Steel Grating: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
8. APAC Steel Grating Market Analysis - By Surface Type
8.1 Overview
8.2 APAC Steel Grating Market Breakdown, By Surface Type, 2020 & 2028
8.3 Plain Steel Grating
8.3.1 Overview
8.3.2 Plain Steel Grating: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
8.4 Serrated Steel Grating
8.4.1 Overview
8.4.2 Serrated Steel Grating: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9. APAC Steel Grating Market Analysis - By Surface Type
9.1 Overview
9.2 APAC Steel Grating Market Breakdown, By Application, 2020 & 2028
9.3 Stair Treads
9.3.1 Overview
9.3.2 Stair Treads: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.4 Walkways
9.4.1 Overview
9.4.2 Walkways: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.5 Platforms
9.5.1 Overview
9.5.2 Platforms: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.6 Security Fence
9.6.1 Overview
9.6.2 Security Fence: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.7 Drainage Covers
9.7.1 Overview
9.7.2 Drainage Covers: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.8 Trench Covers
9.8.1 Overview
9.8.2 Trench Covers: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: APAC Steel Grating Market, Revenue And Forecast To 2028 (US$ Mn)
10. Steel Grating Market - Regional Analysis
10.1 Asia Pacific: Steel Grating Market
10.1.1 Asia Pacific: Steel Grating Market -Revenue and Forecast To 2028 (US$ Mn)
10.1.2 Asia Pacific: Steel Grating Market, by Key Country
10.1.2.1 Australia: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.1.1 Australia: Steel Grating Market, by Material Type
10.1.2.1.2 Australia: Steel Grating Market, by Surface Type
10.1.2.1.3 Australia: Steel Grating Market, by Application
10.1.2.2 China: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.2.1 China: Steel Grating Market, by Material Type
10.1.2.2.2 China: Steel Grating Market, by Surface Type
10.1.2.2.3 China: Steel Grating Market, by Application
10.1.2.3 Japan: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.3.1 Japan: Steel Grating Market, by Material Type
10.1.2.3.2 Japan: Steel Grating Market, by Surface Type
10.1.2.3.3 Japan: Steel Grating Market, by Application
10.1.2.4 India: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.4.1 India: Steel Grating Market, by Material Type
10.1.2.4.2 India: Steel Grating Market, by Surface Type
10.1.2.4.3 India: Steel Grating Market, by Application
10.1.2.5 South Korea: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.5.1 South Korea: Steel Grating Market, by Material Type
10.1.2.5.2 South Korea: Steel Grating Market, by Surface Type
10.1.2.5.3 South Korea: Steel Grating Market, by Application
10.1.2.6 Singapore: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.6.1 Singapore: Steel Grating Market, by Material Type
10.1.2.6.2 Singapore: Steel Grating Market, by Surface Type
10.1.2.6.3 Singapore: Steel Grating Market, by Application
10.1.2.7 Malaysia: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.7.1 Malaysia: Steel Grating Market, by Material Type
10.1.2.7.2 Malaysia: Steel Grating Market, by Surface Type
10.1.2.7.3 Malaysia: Steel Grating Market, by Application
10.1.2.8 Thailand: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.8.1 Thailand: Steel Grating Market, by Material Type
10.1.2.8.2 Thailand: Steel Grating Market, by Surface Type
10.1.2.8.3 Thailand: Steel Grating Market, by Application
10.1.2.9 Rest Of Asia Pacific: Steel Grating Market -Revenue And Forecast To 2028 (US$ Mn)
10.1.2.9.1 Rest of Asia Pacific: Steel Grating Market, by Material Type
10.1.2.9.2 Rest of Asia Pacific: Steel Grating Market, by Surface Type
10.1.2.9.3 Rest of Asia Pacific: Steel Grating Market, by Application
11. Impact of COVID-19 Pandemic on Steel grating Market
11.1 Overview
11.2 Asia Pacific: Impact assessment of COVID-19 Pandemic
12. Key Company Profiles
12.1 Alabama Metal Industries Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gebrüder MEISER GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kraty Mostostal Kraków SP. Z O.O.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lichtgitter GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lionweld Kennedy Flooring Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Valmont Industries, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Ningbo Lihongyuan Steel Grating Co.,Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SINOSTEEL CORPORATION
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Yantai Rising Steel Grating Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Yantai Xinke Steel Structure Co., Ltd
12.10.1 Business Description
12.10.2 Products and Services
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13. Appendix
13.1 About
13.2 Glossary
List of Tables
Table 1. Steel Grating Market - Revenue and Forecast to 2028 (US$ Mn)
Table 2. Australia: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 3. Australia: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 4. Australia: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 5. China: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 6. China: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 7. China: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 8. Japan: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 9. Japan: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 10. Japan: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 11. India: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 12. India: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 13. India: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 14. South Korea: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 15. South Korea: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 16. South Korea: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 17. Singapore: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 18. Singapore: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 19. Singapore: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 20. Malaysia: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 21. Malaysia: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 22. Malaysia: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 23. Thailand: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 24. Thailand: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 25. Thailand: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 26. Rest of Asia Pacific: Steel Grating Market, by Material Type - Revenue and Forecast to 2028 (US$ Mn)
Table 27. Rest of Asia Pacific: Steel Grating Market, by Surface Type - Revenue and Forecast to 2028 (US$ Mn)
Table 28. Rest of Asia Pacific: Steel Grating Market, by Application-Revenue and Forecast to 2028 (US$ Mn)
Table 29. Glossary of Terms, Asia Pacific Steel Grating MarketList of Figures
Figure 1. Steel Grating Market Segmentation
Figure 2. Steel Grating Market Segmentation - By Country
Figure 3. Asia Pacific Steel Grating Market Overview
Figure 4. Plain Steel Grating Segment Held Largest Share Of Asia Pacific Steel Grating Market
Figure 5. China Region Held Largest Share of APAC Steel Grating Market
Figure 6. APAC Steel Grating Market, Industry Landscape
Figure 7. Asia Pacific PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Steel Grating Market Impact Analysis Of Drivers And Restraints
Figure 10. Geographic Overview of Steel Grating Market
Figure 11. Steel Grating Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 12. APAC Steel Grating Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 13. Stainless Steel Grating: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 14. Carbon Steel Grating: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 15. Aluminum Steel Grating: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 16. APAC Steel Grating Market Breakdown, By Surface Type, 2020 & 2028 (%)
Figure 17. Plain Steel Grating: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 18. Serrated Steel Grating: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 19. APAC Steel Grating Market Breakdown, By Application, 2020 & 2028 (%)
Figure 20. Stair Treads: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 21. Walkways: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 22. Platforms: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 23. Security Fence: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 24. Drainage Covers: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 25. Trench Covers: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 26. Others: APAC Steel Grating Market, Revenue And Forecast to 2028 (US$ Mn)
Figure 27. Asia Pacific: Steel Grating Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Asia Pacific: Steel Grating Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. Australia: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 30. China: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 31. Japan: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 32. India: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 33. South Korea: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 34. Singapore: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 35. Malaysia: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 36. Thailand: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 37. Rest Of Asia Pacific: Steel Grating Market - Revenue And Forecast to 2028 (US$ Mn)
Figure 38. Impact of COVID-19 Pandemic in APAC Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alabama Metal Industries Corporation
- Kraty Mostostal Kraków SP. Z O.O.
- Lichtgitter GmbH
- Lionweld Kennedy Flooring Ltd
- Gebrüder MEISER GmbH
- Valmont Industries, Inc.
- Ningbo Lihongyuan Steel Grating Co.,Ltd.
- Sinosteel Corporation
- YanTai Rising Steel Grating Co.,Ltd.
- Yantai Xinke Steel Structure Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 121 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 38038.86 Million |
| Forecasted Market Value ( USD | $ 68068.77 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Asia Pacific |
