Quadintel published a recovery-based report for Global “Light Gauge Steel Framing Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Light Gauge Steel Framing Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Light Gauge Steel Framing Market is valued approximately USD 5.44 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.1 % over the forecast period 2020-2027.
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Light Gauge Steel Framing consist of structural frames fabricated through cold formed steel sections, to protect from corrosion they are made from a mixture of zinc and aluminum or coated with zinc. It can be used to construct a structure, such as load-bearing exterior walls, non-load bearing interior walls, floor joists, curtain walls, and roof trusses. It allows quick building and also provides larger space comparatively to wood frame construction. It is being developed with various innovations, in terms of technology like improved safety, strength, and stability. It also takes lesser time to complete. The large number of commercial buildings, such as hotels, retail stores, medical centers, garages, and warehouses boost the market growth. Further, increasing investments in large industries along with the rise in construction activities and modern, eco-friendly designs has led the adoption of Light Gauge Steel Framing across the forecast period. for instance: in 2021, Apax Partners backed Gritec bought StrucSoft Solutions with a focus on the manufacturing, architecture, construction and engineering industries. However, high maintenance costs impede the growth of the market over the forecast period of 2020-2027. Also, with being pollution-free and a source of raw material for green building technology, the adoption & demand for Light Gauge Steel Framing is likely to increase.
The regional analysis of global Light Gauge Steel Framing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increase in construction of residential and non-residential buildings in developing countries like India & China . Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, customer awareness regarding eco-friendly and less completion time would create lucrative growth prospects for the Light Gauge Steel Framing market across Asia-Pacific region.
Major market player included in this report are:
Hadley Group
Clarkwestern Dietrich Building Systems LLC
Precision Walls Inc.
QSI Interiors Ltd.
Metek U.K. Ltd.
Intelligent Steel Solutions Ltd.
FRAMECAD Ltd.
Aegis Metal Framing
CRACO Manufacturing Inc.
Emirates Building System
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Long Span
Wall Bearing
Skeleton
By End-Use:
Commercial
Residential
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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