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Light Gauge Steel Framing Market is Driven by Growing Construction Industry and the Several Benefits Associated with Light Gauge Steel Framing System

Pune, India, August 2023/MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on the Global Light Gauge Steel Framing Market.


Market Research Future (MRFR) has published a cooked research report on the “Light Gauge Steel Framing Market” that contains information from 2022 to 2032. The Global Light Gauge Steel Framing Market is estimated to register a CAGR of 4.30% during the forecast period of 2022 to 2032.


MRFR recognizes the following companies as the key players in the Global Light Gauge Steel Framing Market Metek Plc, Hadley Industries PLC, Intelligent Steel Solutions Ltd, Scottsdale Construction Systems Ltd, Steel Construction Systems, CRACO Manufacturing Inc, Steel Frame Solution, Steel HQ, and HQ Stainless Steel Sdn Bhd.


Light Gauge Steel Framing Market Highlights


The Global Light Gauge Steel Framing Market is accounted to register a CAGR of 4.30% during the forecast period and is estimated to reach USD 37.83 Billion by 2032.


The Light Gauge Steel Framing Market refers to the global or regional trade and production of building frames and structures made from light gauge steel. Light gauge steel refers to thin sheets of steel that are cold-formed into various shapes to create structural components like wall studs, floor joists, roof trusses, and other framing elements. Light gauge steel framing is commonly used in residential, commercial, and industrial construction projects as an alternative to traditional wood framing or heavy steel structures. One of the primary drivers of the Light Gauge Steel Framing Market is the increasing demand for cost-effective, durable, and sustainable construction solutions. Light gauge steel framing offers several advantages over traditional materials like wood or heavy steel, including high strength-to-weight ratio, dimensional stability, resistance to pests, fire, and rot, as well as being non-combustible.


Segment Analysis


The Global Light Gauge Steel Framing Market has been segmented based on Type, and Application.


Based on Type, the market is segmented into Skeleton Steel Framing, Wall bearing Steel Framing, Long Span Steel Framing. The dominance of the wall-bearing steel framing segment can be attributed to the growing demand for robust and reliable structural solutions in the construction industry. Its ability to withstand heavy loads and provide stability makes it a preferred choice for building walls. Moreover, advancements in manufacturing techniques and the availability of standardized components have made wall-bearing steel framing more accessible and cost-effective, further contributing to its prominence in the light gauge steel framing market.


Based on End Use, the Market has been segmented Residential, Commercial, Industrial The residential segment emerges as the market leader due to the advantages of light gauge steel framing in residential construction. This is primarily driven by the increasing demand for affordable and sustainable housing solutions in the residential construction sector. Light gauge steel framing provides cost-effective and efficient construction options that align with the needs of the residential market.


Regional Analysis


The Global Light Gauge Steel Framing Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Light Gauge Steel Framing Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Light Gauge Steel Framing Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Light Gauge Steel Framing Market comprises of Middle East, Africa, and Latin America.


The Light Gauge Steel Framing Market in North America is expected to be the dominant force, primarily due to the rising construction activities focusing on new commercial and industrial buildings. Wall-bearing steel framing holds a dominant position in the light gauge steel framing market, driven by increased construction projects in the region.


Europe's Light Gauge Steel Framing market secures the second-largest market share, attributed to its lightweight nature, utilization of high tensile steel sheets, and a growing focus on innovation in green construction materials. Notably, the German Light Gauge Steel Framing market claims the largest market share in the region, while the UK Light Gauge Steel Framing market experiences the highest growth rate in Europe.


In the Asia-Pacific region, the Light Gauge Steel Framing Market is projected to experience the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2032, primarily due to the increasing construction activities in this region. China's Light Gauge Steel Framing market stands as the largest market share holder, and the Indian market emerges as the fastest-growing market in the Asia-Pacific region.


Key Findings of the Study



  • The Global Light Gauge Steel Framing Market is expected to reach USD 37.83 Billion by 2032, at a CAGR of 4.30% during the forecast period.

  • North America, is attribute to the growing consumer awareness about the cost-effectiveness and timely completion of projects has led to an expanded adoption of light gauge steel framing, boosting market growth in this region.

  • Based on End Use, the Market has been segmented into Residential holding the largest market in 2022.

  • Metek Plc, Hadley Industries PLC, Intelligent Steel Solutions Ltd, Scottsdale Construction Systems Ltd, Steel Construction Systems, CRACO Manufacturing Inc, Steel Frame Solution, Steel HQ, and HQ Stainless Steel Sdn Bhd.


Read More Related Article -Light Gauge Steel Framing Market

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Report details
Base Year 2023
Companies Covered 15
Pages 107
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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