According to a market report by Lucintel, the future of the global light gauge steel framing market looks promising with opportunities in the commercial, residential, and industrial markets. The global light gauge steel framing market is expected to reach an estimated $43.1 billion by 2028 with a CAGR of 4.0% from 2023 to 2028. The major drivers for this market are rising construction-related activities along with the execution of various housing schemes by government in the developing countries and increasing focus on innovation in the green construction materials.
Skeleton steel framing, wall bearing steel framing, and long span steel framing are the different segments of light gauge steel framing market by type. Lucintel forecasts that wall bearing steel framing will remain the largest segment over the forecast period due to increasing demand for robust structural solutions in the building and construction industry owing to its capability to withstand heavy loads and ensures stability of building walls.
Within this market, residential will remain the highest growing segment due to increasing demand for affordable and suitable housing solutions in the residential construction sector along with growing focus on energy efficiency and environment friendly construction projects in the residential market.
APAC will remain the largest region over the forecast period due to growing construction activities of commercial and industrial buildings in this region along with huge public and private investments in the infrastructure evolution and construction of commercial spaces assembled in these countries.
Tata BlueScope Steel, CEMCO, ClarkDietrich Building Systems, Hadley Group, Precision Walls, QSI Interiors, Metek, Intelligent Steel Solutions, Steel Frame Solutions, WARE Industries, and Craco Manufacturing are the major suppliers in the global light gauge steel framing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global light gauge steel framing market by type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Light Gauge Steel Framing Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global light gauge steel framing market by type, end use industry, and region, as follows:
Light Gauge Steel Framing Market by Type [Shipment Analysis by Value from 2017 to 2028]:
Skeleton Steel Framing
Wall Bearing Steel Framing
Long Span Steel Framing
Light Gauge Steel Framing Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Commercial
Residential
Industrial
Light Gauge Steel Framing Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis,
Growth Consulting, M&A, and
Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global light gauge steel framing market by type (skeleton steel framing, wall bearing steel framing, and long span steel framing), end use industry (commercial, residential, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?