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The market for light gauge steel framing was valued at USD 36.05 billion in 2022, and from 2023 to 2030, it is projected to expand at a compound annual growth rate (CAGR) of 6.1%. The need for light gauge steel framing is anticipated to increase dramatically in both developed and emerging countries. Over the upcoming years, the implementation of a number of housing programmes by the governments of numerous developing countries, like China and India, is also anticipated to assist the expansion of the global market. The Pradhan Mantri Awas Yojana (PMAY) (Urban), Pradhan Mantri Gramin Awas Yojana, Maharashtra Housing and Area Development Authority Lottery Scheme, and Delhi Development Authority Housing Scheme are a few housing programmes that have been implemented by the Indian government and state governments.
Customers' strict deadline requirements for project completion are common in the construction sector. Because of its simple installation, using light gauge framing has significantly reduced project completion times, satisfying client demands. Additionally, due to the benefits of the technology, steel framing has recently been increasingly used in construction projects including multistory structures and skyscrapers. Light gauge frames can withstand a lot of pressure without breaking. Additionally, steel structures fare better during earthquakes because they distort gradually, giving residents plenty of time to flee. As a result, it is anticipated that light gauge frames would be used in building more quickly in earthquake-prone nations like Japan and Indonesia.
However, the primary obstacle impeding the industry's expansion is steel's high thermal conductivity. Furthermore, the availability of a number of substitutes for light gauge steel framing, such as timber framing and conventional/RCC construction, restrains the market's expansion throughout the projection period. The use of light gauge steel frame, which is galvanised to improve its fire resistance and reduce the risk of fire outbreaks, is favoured over other construction techniques. For quick turnaround, cost-effectiveness, great resilience to termite attacks, and flexibility, light gauge farming is advised.
The market is divided into wall bearing steel framing, skeleton steel framing, and long span steel framing on the basis of type. With a market share of over 46% in 2022, the wall bearing framing segment is anticipated to rule the market for the remainder of the projected period. Residential applications frequently use wall-bearing frame structures. They are most appropriate for low-rise structures and sustain the floor or roof loads of the building. These frames must possess sufficient strength to withstand any horizontal load. The wall bearing frames are typically inappropriate for multi-story buildings because they require larger bearings to resist the loads placed on them by multi-story structures. Due to its widespread use in multi-story buildings, the long span steel frame is predicted to expand at a high rate during the forecast period. Large clearance requirements in commercial and industrial structures are met by long span framing. Long span frames are also frequently utilised in the construction of churches, gymnasiums, and shopping malls, among other buildings, and are employed to create visually beautiful constructions. Long span framing can take many various forms, including rigid frames, rigid girders, arches, and trusses.
Report Coverage
Global Light Gauge Steel Framing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Light Gauge Steel Framing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Light Gauge Steel Framing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Light Gauge Steel Framing market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Light Gauge Steel Framing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Light Gauge Steel Framing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Arkitech Advanced Construction Technologies; Tata BlueScope Steel; CEMCO; ClarkDietrich Building Systems; Hadley Group; Genesis Manazil Steel Framing; Precision Walls Inc.; QSI Interiors Ltd.; Metek U.K. Limited; Intelligent Steel Solutions Ltd; Steel Frame Solutions; WARE Industries, Inc.; SCAFCO Steel Stud Company; The Steel Network Inc; Craco Manufacturing, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Light Gauge Steel Framing market based on the below-mentioned segments:
Global Light Gauge Steel Framing Market, By Type
Skeleton steel framing
Wall bearing steel framing
Long span steel framing
Global Light Gauge Steel Framing Market, By End User
Commercial
Residential
Industrial
Global Light Gauge Steel Framing market, Regional Analysis
Customers' strict deadline requirements for project completion are common in the construction sector. Because of its simple installation, using light gauge framing has significantly reduced project completion times, satisfying client demands. Additionally, due to the benefits of the technology, steel framing has recently been increasingly used in construction projects including multistory structures and skyscrapers. Light gauge frames can withstand a lot of pressure without breaking. Additionally, steel structures fare better during earthquakes because they distort gradually, giving residents plenty of time to flee. As a result, it is anticipated that light gauge frames would be used in building more quickly in earthquake-prone nations like Japan and Indonesia.
However, the primary obstacle impeding the industry's expansion is steel's high thermal conductivity. Furthermore, the availability of a number of substitutes for light gauge steel framing, such as timber framing and conventional/RCC construction, restrains the market's expansion throughout the projection period. The use of light gauge steel frame, which is galvanised to improve its fire resistance and reduce the risk of fire outbreaks, is favoured over other construction techniques. For quick turnaround, cost-effectiveness, great resilience to termite attacks, and flexibility, light gauge farming is advised.
The market is divided into wall bearing steel framing, skeleton steel framing, and long span steel framing on the basis of type. With a market share of over 46% in 2022, the wall bearing framing segment is anticipated to rule the market for the remainder of the projected period. Residential applications frequently use wall-bearing frame structures. They are most appropriate for low-rise structures and sustain the floor or roof loads of the building. These frames must possess sufficient strength to withstand any horizontal load. The wall bearing frames are typically inappropriate for multi-story buildings because they require larger bearings to resist the loads placed on them by multi-story structures. Due to its widespread use in multi-story buildings, the long span steel frame is predicted to expand at a high rate during the forecast period. Large clearance requirements in commercial and industrial structures are met by long span framing. Long span frames are also frequently utilised in the construction of churches, gymnasiums, and shopping malls, among other buildings, and are employed to create visually beautiful constructions. Long span framing can take many various forms, including rigid frames, rigid girders, arches, and trusses.
Report Coverage
Global Light Gauge Steel Framing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Light Gauge Steel Framing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Light Gauge Steel Framing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Light Gauge Steel Framing market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Arkitech Advanced Construction Technologies; Tata BlueScope Steel; CEMCO; ClarkDietrich Building Systems; Hadley Group; Genesis Manazil Steel Framing; Precision Walls Inc.; QSI Interiors Ltd.; Metek U.K. Limited; Intelligent Steel Solutions Ltd; Steel Frame Solutions; WARE Industries, Inc.; SCAFCO Steel Stud Company; The Steel Network Inc; Craco Manufacturing, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Light Gauge Steel Framing Market from 2021 to 2030.
- Market Forecast for Light Gauge Steel Framing Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Light Gauge Steel Framing competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Light Gauge Steel Framing
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Light Gauge Steel Framing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Light Gauge Steel Framing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Arkitech Advanced Construction Technologies; Tata BlueScope Steel; CEMCO; ClarkDietrich Building Systems; Hadley Group; Genesis Manazil Steel Framing; Precision Walls Inc.; QSI Interiors Ltd.; Metek U.K. Limited; Intelligent Steel Solutions Ltd; Steel Frame Solutions; WARE Industries, Inc.; SCAFCO Steel Stud Company; The Steel Network Inc; Craco Manufacturing, Inc.
Primary Target Market
- Market Players of Light Gauge Steel Framing
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Light Gauge Steel Framing market based on the below-mentioned segments:
Global Light Gauge Steel Framing Market, By Type
Skeleton steel framing
Wall bearing steel framing
Long span steel framing
Global Light Gauge Steel Framing Market, By End User
Commercial
Residential
Industrial
Global Light Gauge Steel Framing market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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