Global Light Gauge Steel Framing Market, By Type (Skeleton Steel Framing, Wall Bearing Steel Framing, Long Span Steel Framing), End-Use (Commercial, Residential, Industrial) – Industry Trends and Forecast to 2030.
Light Gauge Steel Framing Market Analysis and Size
Agricultural systems that use structural frames made from cold-formed steel sections are referred to as light-gauge steel framing systems. These systems are made of a zinc and aluminum alloy or have a zinc coating to prevent corrosion. A structure's curtain walls, roof trusses, load-bearing exterior walls, floor joists, and non-load-bearing inner walls all use light gauge steel frames.
Data Bridge Market Research analyses that the global light gauge steel framing market which was USD 37,452.57 million in 2022, is expected to reach USD 56,183.33 million by 2030, and is expected to undergo a CAGR of 5.2% during the forecast period 2023-2030. “Wall bearing steel framing” dominates the type segment because of the expanding need in the construction sector for strong and dependable structural solutions. It is frequently used to construct walls due to its capacity to support enormous loads and to offer stability. In addition, improvements in production processes and the availability of standardized components have increased the availability and affordability of wall-bearing steel frame. This has further aided in its market domination in light gauge steel framing.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Light Gauge Steel Framing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Skeleton Steel Framing, Wall Bearing Steel Framing, Long Span Steel Framing), End-Use (Commercial, Residential, Industrial)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Hadley Industries PLC (U.K.), Genesis Manazil Steel Framing (U.A.E), Clarkwestern Dietrich Building Systems LLC (U.S.), Precision Walls Inc. (U.S.), QSI INTERIORS LTD (Canada), Metek Plc. (U.K.), Intelligent Steel Solutions LTD (U.K.), FRAMECAD (New Zealand), Steel HQ (Hong Kong), Steel Frame Solutions (Australia), Ware Industries Inc (U.S.), SCAFCO Steel Stud Company (U.S.), The Steel Network, Inc. (U.S.), CEMCO. (U.S.), CRACO Mfg., Inc. (U.S.), Arkitech Advanced Construction Technologies (Turkey), BlueScope Steel Limited (Australia), Stowell Company, Inc. (U.S.), Sigmat Limited (U.K.), and MRI Steel Framing LLC (U.S.)
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Market Opportunities
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Market Definition
Cold-formed steel segments produce the underlying margins of light-gauge steel outline frameworks. These are constructed of a zinc-aluminum alloy or are zinc-coated to prevent erosion. Light-check steel edges can be used on load-bearing outer dividers, non-load-bearing inside dividers, floor joists, drape dividers, and rooftop trusses. Clients will often use light gauge steel outlines in contemporary development methods since they are lightweight and recyclable. Furthermore, as compared to conventional earth, stone, or block, it has been shown to be clever and minimally tedious in the production of typical projects. Light gauge steel frames can be utilized for load-bearing exterior walls, non-load-bearing interior walls, floor joists, curtain walls, and roof trusses throughout a structure. Because they are lightweight and recyclable, light gauge steel frames are favored in current building processes. Furthermore, when compared to typical clay, stone, or brick, it is shown to be more cost-effective and time-efficient in the production of civil structures.
Global Light Gauge Steel Framing Market Dynamics
Drivers
- Growing Reliance on Light Gauge Steel Frame
Light gauge steel frame structures are becoming increasingly used in a wide range of building activities across the world. It has a lengthy self-seismic period and a minimal seismic load impact, which helps it resist earthquakes. Stringent government rules governing the use of innovative civil engineering techniques in the building industry have aided the expansion of the light gauge steel framing market. These frames are produced from 60% recycled steel and are utilized in a range of roofing, modular structure design, and infill walling applications. It is appealing to customers since it is pollution-free and a source of raw materials for green building technology. This is projected to drive future expansion in the global light gauge steel framing market.
- Rapid Expansion in the Building and Construction Industry
Steel framing with a light gauge is commonly utilized in infrastructure, retail malls, schools, hospitals, and workplaces. With the growing cost of lumber and wood in recent years, demand for light gauge steel framing has increased rapidly in different industrial, public, residential, and commercial building construction because to its high durability and cost efficiency. Increased investment in building activities by governments and the private sector is likely to fuel the worldwide light gauge steel framing market. Several international corporations and government agencies are spending heavily in building. This is also impacting the growth of the market for light gauge steel framing.
- Modular and Prefabricated Building is Becoming More Popular
Steel frames are simple to build and mold to fulfill specific architectural and structural needs. This adaptability enables architects and builders to construct one-of-a-kind structures through inventive design and customization. In the construction of modular classrooms for educational institutions, light gauge steel frame allows for design flexibility. Steel frames with bespoke dimensions, enabling unique classroom layouts and architectural elements, can be produced off-site. The quality control characteristics of light gauge steel framing might help a modular building project for a healthcare institution. The steel frames, which are manufactured in a controlled environment, are subjected to stringent quality controls to ensure the structural integrity and precision necessary for vital healthcare infrastructure. As a result, modular and prefabricated construction contribute to the worldwide market's expansion.
Opportunity
- In Light Gauge Steel Framing, Technological Innovation is Gaining Prominence
Technological innovation is a hot trend in the light gauge steel framing sector. Technological advancements in light gauge steel framing include the creation of new products employing cutting-edge technology, such as modular light gauge steel solutions, which provide extra benefits such as dimension flexibility, different design alternatives, and others. Technological advancements help businesses to offer enhanced products with added benefits and expand their consumer base.
Restraint/Challenge
- There is a Lack of Understanding and Acceptance of Light Gauge Steel Framing.
The construction industry is notorious for its resistance to change, particularly when it comes to embracing new materials and procedures. Some stakeholders find it difficult to migrate to light gauge steel framing due to established habits and familiarity with previous building methods. Concerns about future interruptions, retraining of people, and uncertainty regarding light gauge steel framing’s (LGSF's) effectiveness and long-term viability can all contribute to resistance to change. Building codes and regulations vary across regions and countries and may not always explicitly include or address light gauge steel framing. Limited acceptance of LGSF within existing building codes can create barriers for its widespread adoption. Uncertainty or challenges in obtaining approvals and permits for LGSF projects can slow market growth and limit its use in certain areas.
This global light gauge steel framing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light gauge steel framing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In January 2022, CRATE Modular Inc., a modular building component manufacturer located in the U.S., has introduced a new light gauge steel solution, a cold-formed steel technology. This new technology is distinct owing to its dimension flexibility and extra design alternatives. CRATE gained the capacity to provide more creative solutions to its clients with the introduction of its new cold-formed steel technology
- In August 2021, Etex, a Belgian construction material producer, paid an unknown sum for SIgmat Limited. This purchase strengthens Etex's position and growth in the UK and Ireland offsite building markets. The purchase also aligns with Etex's ambition to become the worldwide leader in offsite construction. Sigmat Limited is a low gauge steel frame company situated in the U.K. (LGSF)
Global Light Gauge Steel Framing Market Scope
The global light gauge steel framing market is segmented on the basis of type, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Skeleton Steel Framing
- Wall Bearing Steel Framing
- Long Span Steel Framing
End-Use
- Commercial
- Residential
- Industrial
Global Light Gauge Steel Framing Market Regional Analysis/Insights
The global light gauge steel framing market is analysed and market size insights and trends are provided by country, type and end-use as referenced above.
The countries covered in the light gauge steel framing market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. This is owing to the expanding construction activity in the region, notably on commercial and industrial structures. China, India, and Southeast Asian countries are among the region's significant markets. The large public and private expenditures made in these nations in infrastructure development and commercial space building are considerably contributing to the regional market's growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Light Gauge Steel Framing Market Share Analysis
The global light gauge steel framing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global light gauge steel framing market.
Some of the major players operating in the global light gauge steel framing market are:
- Hadley Industries PLC (U.K.)
- Genesis Manazil Steel Framing (U.A.E)
- Clarkwestern Dietrich Building Systems LLC (U.S.)
- Precision Walls Inc. (U.S.),
- QSI INTERIORS LTD (Canada)
- Metek Plc. (U.K.)
- Intelligent Steel Solutions LTD (U.K.)
- FRAMECAD (New Zealand)
- Steel HQ (Hong Kong)
- Steel Frame Solutions (Australia)
- Ware Industries Inc (U.S.)
- SCAFCO Steel Stud Company (U.S.)
- The Steel Network, Inc. (U.S.)
- CEMCO. (U.S.)
- CRACO Mfg., Inc. (U.S.)
- Arkitech Advanced Construction Technologies (Turkey)
- BlueScope Steel Limited (Australia)
- Stowell Company, Inc. (U.S.)
- Sigmat Limited (U.K.)
- MRI Steel Framing LLC (U.S.)
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