Light Gauge Steel Framing Market Size, Share & Trends Report

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

  • Published Date: Jul, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-522-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 113

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.

North America light gauge steel framing market

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 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 U.S., U.K. and other parts of Europe.

Global light gauge steel framing market

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 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 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

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 & 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, France, China, India, Japan, Brazil, Mexico

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization


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

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified