The Global Light Gauge Steel Framing Market is Expected to Surpass $43 Billion by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.The global light gauge steel framing market size is expected to reach USD 43.65 billion by 2025. It is anticipated to expand at a CAGR of 4.7% over the forecast period.This growth is ascribed to development of advanced materials with capabilities that offer safety as well as strong structural support. Light gauge steel framing provides ease of installation and reduce cumulative project completion period owing to its pre-fabricated structures. This factor is anticipated to further drive market growth considerably over the next few years.Key factor expected to drive the market is the need to lower production costs involved in building construction. This need is projected to result in development of refined materials and manufacturing processes, ultimately boosting adoption of light gauge steel frames across the globe.The commercial segment is expected to witness significant rise in demand over the forecast period, owing to improved strength of frame material that makes it suitable in the construction of buildings with more than three floors.
Key FindingsSkeleton steel framing is expected to witness around 5% CAGR over the forecast period owing to benefits offered by these structures. However, in 2016, wall bearing framing structures captured the highest market revenue share.Several government initiatives for infrastructure development have led to an increase in construction of commercial properties across the globe, which has subsequently contributed to market growth.Residential was the dominant end-use segment in 2016 and is expected to witness a CAGR of more than 4% owing to rising adoption driven by the need to reduce project completion time.Asia Pacific dominated the market in 2016 owing to increasing construction of new commercial and industrial buildings, particularly in Southeast Asian countries.Key players such as FRAMECAD, Emirates Building Systems LLC, Genesis Manazil Steel Framing, and QSI Interiors Ltd dominated the market in 2016 owing to emphasis on expanding their market presence through mergers and acquisitions.
DriversRapid Growth of the Construction SectorTechnological Advancements
Restraint/ChallengeSafety Issues Related to the Use of Steel
OpportunityIncrease in the Adoption of Green Homes
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Light Gauge Steel Framing Industry Outlook
Chapter 4. Light Gauge Steel Framing Market: Type Estimates & Trend Analysis
Chapter 5. Light Gauge Steel Framing Market: End-Use Estimates & Trend Analysis
Chapter 6. Light Gauge Steel Framing Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies ProfiledMetek UK LimitedHadley GroupEmirates Building Systems Co. LLCIcarus LSFFRAMECADGenesis Manazil Steel FramingSteel HQSteel Frame SolutionsQSI Interiors Ltd.MRI Steel Framing LLCSteel Construction SystemsArkitech Advanced Construction TechnologiesKeymark EnterprisesAegis Metal Framing LLCStowell Company Inc.Craco Manufacturing Inc.
For more information about this report visit https://www.researchandmarkets.com/research/lvhdf9/the_global_light?w=4
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Related Topics:Iron and Steel
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
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PUB: 12/06/2018 06:15 AM/DISC: 12/06/2018 06:15 AM