Light Gauge Steel Framing Market Size, Share & Trends Analysis Report By End Use (Commercial, Residential, Industrial), By Type (Skeleton, Wall Bearing, Long Span), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global light gauge steel framing market size was valued at USD 29.07 billion in 2016 and is expected to expand at an estimated CAGR of 4.7% over the forecast period. Rise in construction-related activities, which are economic indicators stimulating demand, is estimated to drive market growth over the forecast period.

Furthermore, technological innovations have led to development of light gauge steel framing with improved strength, stability, and safety. These advanced frames can now be installed in residential, commercial, and industrial buildings with up to three floors, subsequently driving the market growth.

The market is expected to develop at a considerable CAGR over the forecast period. This growth is attributed to rising construction activities in developing as well as developed nations. Housing schemes implemented by governments in nations such as India and China are expected to drive the growth over the next eight years.

Projects using light gauge steel framing are completed in a lesser amount of time as compared to those using concrete or wood as structural support, which, in turn, is anticipated to fuel their demand over the forecast period.

Increasing public construction projects in developing nations such as Brazil, China, and India are expected to incorporate light gauge steel framing as structural support owing to faster completion of projects as compared to wood, concrete, and other such structural materials.

End-use Insights

Light gauge steel frames are extensively used in commercial and residential buildings for structural support. Recent technological improvements have enabled use of such lightweight frames in commercial buildings with more than three floors. The adoption is expected to increase substantially over the next eight years owing to improved material strength, refined manufacturing processes, and increasing awareness about its economic advantages.

Rising number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil, and Middle Eastern countries is anticipated to boost demand over the forecast period.

Furthermore, extensive industrialization in developed and developing nations is expected to impel adoption of long span steel framing. The usage in residential buildings is also anticipated to increase over the next few years owing to rising customer awareness pertaining to reduced project completion times, primarily in the U.S., U.K., Germany, and Japan.

Type Insights

Skeleton framing is expected to emerge as the fastest growing type segment in the market, owing to increasing use in commercial buildings. These frames form building structures and provide improved stability and strength for single as well as multi-story buildings. As a result, it is expected to gain a high demand in residential applications in near future, primarily in the U.S., the U.K., and other parts of Europe.

The light gauge steel framing market, at present, is dominated by classic designs that are anticipated to be replaced by modern, eco-friendly designs over the next eight years. Easy availability of raw materials and rapid demand in end-use sectors, including commercial and industrial sectors, owing to recovery of the global economy, are anticipated to generate opportunities for market players over the forecast period.

Regional Insights

Asia Pacific dominated the market for light gauge framing in 2016 with a revenue share of more than 40.0%. This is attributed to increasing construction of new commercial and industrial buildings in China, India, and Southeast Asian countries among others. This trend is anticipated to continue over the forthcoming years. Furthermore, development of innovative metal framing procedures is anticipated to attract customers, particularly in the U.S. and U.K., to redevelop buildings using light gauge steel framing for structural support.

North America and Europe collectively accounted for over 40% of total market share in 2016 owing to large-scale re-structuring undertaken by local governments. These regions are highly adaptive to new technologies. As a result, penetration of light gauge steel framing in commercial and residential sectors is expected to be high, thus favorably impacting market growth over the forecast period.

Light Gauge Steel Framing Market Share Insights

Major players included in the study are FRAMECAD, Emirates Building Systems LLC, Genesis Manazil Steel Framing, and QSI Interiors Ltd., among others. Market incumbents remain keen on increasing their market share. As such, they undertake various initiatives and adopt different strategies, such as signing partnerships, making investments, engaging in mergers and acquisitions, launching new products and services, and quoting competitive prices.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global light gauge steel framing market report on the basis of type, end use, and region:

• Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • Skeleton

  • Wall Bearing

  • Long Span

• End-use Outlook (Revenue, USD Billion, 2014 - 2025)

  • Residential

  • Commercial

  • Industrial

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa