Cold-formed steel is the main building material of the Light Gauge Steel Framing (LGSF) or Light Gauge Framing System (LGFS) construction method. These are zinc-coated to stop corrosion, or they are made of an alloy of zinc and aluminium. These systems function as major and secondary structures in steel construction and building technology. Roof systems, floor systems, wall systems, decks, roof panels, and entire buildings can all benefit from LGFS. They can also be used as standalone framing components, such as headers, trusses, joists, and studs. It is possible to use Light Gauge Framing System (LGFS) buildings instead of RCC or conventional structures. Among other things, it's utilized to create frames for interior walls, floors, and exterior walls.
Global Light Gauge Steel Framing System Market Driving Factors and Challenges
Growing Popularity of Modular and Prefabricated Building is one of the major growth driver. It is simple to fabricate steel frames to exact structural and architectural specifications. Because of its adaptability, builders and architects can use inventive adaptation and design to produce one-of-a-kind constructions. The use of light gauge steel frames in modular classroom construction allows for greater creative freedom. Steel frames with bespoke dimensions can be produced off-site, enabling unique classroom layouts and architectural elements. The quality control properties of light gauge steel framing may be useful for a modular building project involving a healthcare facility. Tight quality controls are implemented on the steel frames throughout their regulated production process to ensure the structural accuracy and soundness needed for vital medical infrastructure.
The use of light gauge steel framing among builders, architects, and other construction professionals could be hampered by a lack of understanding or misconceptions about it. Educating people and raising their awareness may be necessary to promote the benefits of light gauge steel framing. In addition, light gauge steel framing may initially cost more than typical building materials, but in the long run, it can save expenditures. There are certain construction projects that would view this as a limitation, especially those with limited finance. Furthermore, there can be limitations on the design of light gauge steel framing in contrast to more traditional materials like concrete or wood. Light gauge steel cannot be appropriate for every architectural style, which restricts its application in particular construction projects.
Impact of COVID-19 on Global Light Gauge Steel Framing System Market
The pandemic affected every business, including the building and construction sector. The industry saw a sharp downturn as a result in 2020. This has been shown to have an effect on the demand for light gauge steel framing as well as other aspects of its supply chain. 2020 saw a fall in the market as a result of production halts, disruptions in the supply chain, and a labour and raw material scarcity.
Global Light Gauge Steel Framing System Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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, are a few of the major companies operating in the market.
Global Light Gauge Steel Framing System Market Segmentation:
By Product Type: Based on the Product Type, Global Light Gauge Steel Framing System Market is segmented as; Skeleton steel framing, Wall bearing steel framing, Long span steel framing, Others.
By Building System: Based on the Building System, Global Light Gauge Steel Framing System Market is segmented as; Load-Bearing Systems, Non-Load-Bearing Systems, Others.
By End-User: Based on the End-User, Global Light Gauge Steel Framing System Market is segmented as; Commercial, Residential, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.