The global light gauge steel framing market size is expected
to reach USD 43.65 billion by 2025, according to a new report by Grand View
Research, Inc. 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.
Full
Research Report On Global Light Gauge Steel Framing Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/light-gauge-steel-framing-market
www.grandviewresearch.com/industry-analysis/light-gauge-steel-framing-market
Further
key findings from the report suggest:
- Skeleton 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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/hvac-and-construction-technologies
www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the global light gauge steel framing
market on the basis of type, end use, and region:
Light
Gauge Steel Framing Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Skeleton
- Wall
Bearing
- Long
Span
Light
Gauge Steel Framing End-Use Outlook (Revenue, USD Billion, 2014 - 2025)
- Commercial
- Residential
- Industrial
Light
Gauge Steel Framing 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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-light-gauge-steel-framing-market
www.grandviewresearch.com/press-release/global-light-gauge-steel-framing-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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