Light Gauge Steel Framing Market Size, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Light Gauge Steel Framing Market


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.

Market Segmentation, Outlook & Viewpoint: Global Light Gauge Steel Framing Market


Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

Skeleton

Wall Bearing

Long Span


End Use Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

Residential

Commercial

Industrial


Key Players, Recent Developments & Regional Insights: Global Light Gauge Steel Framing Market


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.
 
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.

Key Insights Covered: Global Light Gauge Steel Framing Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Light Gauge Steel Framing industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Light Gauge Steel Framing industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Light Gauge Steel Framing industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Light Gauge Steel Framing industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Light Gauge Steel Framing industry.

Research Methodology: Global Light Gauge Steel Framing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other