Light Gauge Steel Framing System Market Growth, Size, Trends, Share, Demand and Future Outlook
Light Gauge Steel Framing System Market Size- By Product Type, By Building System, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: COAM2414 | Pages: 1 - 220 | Formats*: |
| Category : Construction & Manufacturing | |||
Light Gauge Steel Framing System Market Introduction and Overview
According to SPER Market Research, the Global Light Gauge Steel Framing System Market is estimated to reach USD 67.53 billion by 2033 with a CAGR of 5.38%.
The report includes an in-depth analysis of the Global Light Gauge Steel Framing System Market, including market size and trends, product mix, Applications, and supplier analysis. Light-gauge steel outline frameworks' underlying margins are made of cold-formed steel segments. To stop erosion, these are either zinc-coated or made of an alloy of zinc and aluminium. Light-check steel edges can be applied to floor joists, drape dividers, rooftop trusses, load-bearing exterior dividers, and non-load-bearing interior dividers. Because light gauge steel outlines are recyclable and lightweight, clients frequently employ them in modern development approaches. Moreover, in the manufacture of typical projects, it has been demonstrated to be ingenious and less labour-intensive in comparison to traditional earth, stone, or block. Throughout a construction, light gauge steel frames can be used for floor joists, curtain walls, roof trusses, load-bearing external walls, and non-load-bearing interior walls.
- The U.S.-based modular building component company CRATE Modular Inc. unveiled a new cold-formed steel technology light gauge solution in January 2022. This new technology stands out because it offers more design options and dimension freedom. With the launch of its innovative cold-formed steel technology, CRATE was able to offer its clients more inventive solutions.
- Etex, a Belgian manufacturer of building materials, acquired SIgmat Limited in August 2021 for an undisclosed sum. Etex's position and expansion in the offsite building markets in the UK and Ireland are strengthened by this acquisition. Etex's goal of leading offsite construction globally is likewise in line with this acquisition. Located in the United Kingdom, Sigmat Limited is a low gauge steel frame manufacturer (LGSF).
Market Opportunities and Challenges
Around the world, a growing number of building projects are using light gauge steel frame constructions. It can withstand earthquakes because to its long self-seismic period and low seismic load impact. Tight government regulations controlling the application of cutting-edge civil engineering methods in the construction sector have contributed to the market growth for light gauge steel framing. Additionally, a popular trend in the light gauge steel frame industry is technological innovation. Light gauge steel framing has benefited from technological developments in part because new goods using state-of-the-art technology have been developed. Modular light gauge steel solutions are one such product that has numerous design alternatives and extra benefits like dimension flexibility. Innovations in technology enable companies to provide better products with extra features and grow their customer base.
The growth and sustainability of the light gauge steel framing market are impacted by numerous obstacles. The construction sector is well known for its aversion to change, especially when it comes to adopting novel materials and techniques. Some stakeholders find it challenging to switch to light gauge steel framing because of ingrained routines and familiarity with earlier construction techniques. Opposition to change may stem from worries about potential disruptions in the future, the need to retrain personnel, and doubts about the long-term feasibility and efficacy of light gauge steel frame (LGSF). Widespread implementation of LGSF may be hampered by the building codes' limited approval of it. Certainty or difficulties in securing licenses and permissions for LGSF projects can impede market expansion and restrict its application in particular regions.
Market Competitive Landscape
There are a number of significant players in the competitive and fragmented Light Gauge Steel Framing System market. 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Building System, By End-User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | 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. |
COVID-19 Impact on Global Light Gauge Steel Framing System Market
The sluggish increase of light gauge framing items during the pandemic's peak was caused by a combination of slower growth in the building and real estate industries' spending and a decline in the demand for purchasing homes and workplaces. Nonetheless, emergency infrastructure for COVID-19 patients, including makeshift hospitals, immunization facilities, and supported housing, was constructed utilizing light gauge steel framing.
Key Target Audience:
- Association and government bodies
- Manufacturer / Potential Investors
- Traders
- Distributors
- Wholesalers
- Retailers
- Importers and Exporters.
- Others
Our in-depth analysis of the Light Gauge Steel Framing System Market includes the following segments:
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| By Building System: |
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| By End-User: |
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Key Topics Covered in the Report:
- Global Light Gauge Steel Framing System Market Size (FY’2024-FY’2033)
- Overview of Global Light Gauge Steel Framing System Market
- Segmentation of Global Light Gauge Steel Framing System Market By Product Type (Skeleton steel framing, Wall bearing steel framing, Long span steel framing, Others)
- Segmentation of Global Light Gauge Steel Framing System Market By Building System (Load-Bearing Systems, Non-Load-Bearing Systems, Others)
- Segmentation of Global Light Gauge Steel Framing System Market By End-User (Commercial, Residential, Others)
- Statistical Snap of Global Light Gauge Steel Framing System Market
- Expansion Analysis of Global Light Gauge Steel Framing System Market
- Problems and Obstacles in Global Light Gauge Steel Framing System Market
- Competitive Landscape in the Global Light Gauge Steel Framing System Market
- Impact of COVID-19 and Demonetization on Global Light Gauge Steel Framing System Market
- Details on Current Investment in Global Light Gauge Steel Framing System Market
- Competitive Analysis of Global Light Gauge Steel Framing System Market
- Prominent Players in the Global Light Gauge Steel Framing System Market
- SWOT Analysis of Global Light Gauge Steel Framing System Market
- Global Light Gauge Steel Framing System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Light Gauge Steel Framing System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Light Gauge Steel Framing System Market Manufacturing Base Distribution, Sales Area, Ingredients6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Light Gauge Steel Framing System Market
7. Global Light Gauge Steel Framing System Market, By Product Type (USD Million)
7.1. Global Light Gauge Steel Framing System Market Value Share and Forecast, By Product Type 2024-20337.2. Skeleton steel framing7.3. Wall bearing steel framing7.4. Long span steel framing7.5. Others
8. Global Light Gauge Steel Framing System Market, By Building System (USD Million)
8.1. Global Light Gauge Steel Framing System Market Value Share and Forecast, By Building System 2024-20338.2. Load-Bearing Systems8.3. Non-Load-Bearing Systems8.4. Others
9. Global Light Gauge Steel Framing System Market, By End-User (USD Million)
9.1. Global Light Gauge Steel Framing System Market Size Value Share and Forecast, By End User 2024-20339.2. Commercial9.2.1. Hospitals9.2.2. Malls9.2.3. Educational Institutes9.2.4. Others9.3. Residential9.4. Industrial9.5. Others
10. Global Light Gauge Steel Framing System Market, Forecast, 2020-2033 (USD Million)
10.1. Global Light Gauge Steel Framing System Market Size and Market Share
11. Global Light Gauge Steel Framing System Market, By Product Type 2020-2033 (USD Million)
11.1. Global Light Gauge Steel Framing System Market Size and Market Share, By Product Type (2020-2026)11.2. Global Light Gauge Steel Framing System Market Size and Market Share, By Product Type (2027-2033)
12. Global Light Gauge Steel Framing System Market, By Building System 2020-2033 (USD Million)
12.1. Global Light Gauge Steel Framing System Market Size and Market Share, By Building System (2020-2026)12.2. Global Light Gauge Steel Framing System Market Size and Market Share, By Building System (2027-2033)
13. Global Light Gauge Steel Framing System Market, By End-User 2020-2033 (USD Million)
13.1. Global Light Gauge Steel Framing System Market Size and Market Share, By End-User (2020-2026)13.2. Global Light Gauge Steel Framing System Market Size and Market Share, By End-User (2027-2033)
14. Global Light Gauge Steel Framing System Market, By Region, 2020-2033 (USD Million)
14.1. Global Light Gauge Steel Framing System Market Size and Market Share, By Region (2020-2026)14.2. Global Light Gauge Steel Framing System Size and Market Share, By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Arkitech Advanced Construction Technologies15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Tata BlueScope Steel15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. CEMCO15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. ClarkDietrich Building Systems15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Hadley Group15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Genesis Manazil Steel Framing15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Precision Walls Inc.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. QSI Interiors Ltd.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Metek U.K. Limited15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Light Gauge Steel Framing System Market is projected to reach USD 67.53billion by 2033, growing at a CAGR of 5.38% during the forecast period.
Light Gauge Steel Framing System Market size from 2022. The Market is expected to reach USD 67.53 billion by 2033, at a CAGR of 5.38% during the forecast period.
Light Gauge Steel Framing System Market CAGR of 5.38% during the forecast period.
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Light Gauge Steel Framing System Market size is 67.53 billion from 2024 to 2033.
Radiant Cooling and Heating Systems Market Segment is covered By Product Type, By Building System, By End-User.
The North America anticipated to have the highest market share in the Light Gauge Steel Framing System Market.
The key players in the market include Companies Covered 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.
Throughout a construction, light gauge steel frames can be used for floor joists, curtain walls, roof trusses, load-bearing external walls, and non-load-bearing interior walls.
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