Light Gauge Steel Framing Market

SKU: DMMM603 | Last Updated On: Dec 19 2022 | Available Formats

> Light Gauge Steel Framing Market Expected to reach a high CAGR 4.45% By 2030

Light Gauge Steel Framing Market is segmented by Type (Skeleton, Wall Bearing, Long Span), by End-User (Commercial, Industrial, Residential), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Light Gauge Steel Framing Market Overview

Light Gauge Steel Framing Market is expected to grow at a high CAGR of 4.45% during the forecast period (2023-2030).

The global construction sector has gained massive traction in the past few years owing to the enormous rise in demand for new residential complexes, infrastructural elements, and commercial. The industry has seen a notable inclination towards cost-saving methods and minimization of material wastage. Light gauge steel framing systems are becoming popular in the construction industry due to the systems’ unique lightweight characteristic which makes them comfortable and safe to handle both during fabrication and construction. These systems are increasingly being used in commercial, residential, and industrial sectors.

Light Gauge Steel Framing Market Scope and Summary

Metrics

Details

Market CAGR

 4.45%

Segments Covered

By Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Light Gauge Steel Framing Market Drivers and Restraints

  • The market for Light Gauge Steel framing systems is mainly driven by the increasing adoption of steel in construction activities because of its benefits over concrete.

  • There has been a spurt in the use of steel in construction recently. The builders are increasingly deploying lightweight steel in development because of its low cost, high strength-to-weight ratio, corrosion resistance, and flexibility.

  • Light gauge steel long roof and floor span capabilities also add to its diversity.

  • Also, the use of light indicators reduces the construction time, thus ensuring higher profits for the builders.

  • The advantages associated with the adoption of the light gauge steel framing system will continue to boost the market during the forecast period.

Light Gauge Steel Framing Market Segmentation Analysis

  • The Global Light Gauge Steel Framing market report segments the market by type and end-use. The type segment includes skeleton, wall bearing, and long span. The skeleton framing is estimated to be the fastest growing segment during the forecast period. A Skeleton steel frame is composed of steel beams and columns which are connected using a proper connection.

  • Skeleton framing is constructed in a rectangular shape to support the walls, roof, and floors of a building which are combined with the frames; this makes the construction of skyscrapers easily possible. As the development of multi-storied buildings is increasing rapidly due to the growing population and urbanization, the market for skeleton steel framing systems will flourish in the coming years.

  • The Wall bearing frame is the interior or exterior end of the building wall and is used to carry the load of the structural members that support the floor and roof. Wall-bearing framing is suitable for the construction of a low-rise structure. This is because the size of the bearing wall must be increased significantly to withstand considerably loads exerted in the case of multi-story buildings.

  • So, the wall-bearing framing system is primarily dependent on the residential sector, as this system is suitable for single-story buildings. A Lane span steel framing system is used when large clearance is required, and such long spanning cannot be realized using steel beams. It is used in the construction of open web arches like the construction of roller beams, riveted beams, and massive girders.

  • Further by end-use, the market has been segmented as Commercial, Industrial, and Residential.

Global Light Gauge Steel Framing Market Geographical Share

The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others. Asia-Pacific is the most dominant region for the Light gauge steel framing market. The high market share of APAC can be attributed to the increasing construction activities in the commercial and industrial sectors, especially in developing countries like India, China, and Southeast Asian countries. Also, there has been a massive surge in construction projects in the region to meet the residential requirements of the exponentially rising population. As the construction industry will continue to flourish in the coming years, the demand for Light gauge steel framing systems will keep on increasing in the region.

Light Gauge Steel Framing Market Key players

The Global Light Gauge Steel Framing market report profiles the following companies - Saint Gobain SA, Bluescope Steel Limited, Cemco, ClarkDietrich Building Systems, Quail Run Building Materials, Inc., Nipani Infra & Industries, FRAMECAD, Genesis Manazil Steel Framing, Emirates Building Systems, QSI Interiors Ltd.

 

Frequently Asked Questions

What is the Projected CAGR value of the Light Gauge Steel Framing Market?

Light Gauge Steel Framing Market is expected to grow at a CAGR of 4.45% during the forecasting period 2023-2030.

Which region controlled the global market during 2023-2030?

North America region Controls the Light Gauge Steel Framing Market during 2023-2030.

Which is the fastest growing region in the Light Gauge Steel Framing Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

 

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