Global Light Gauge Steel Framing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The Light Gauge Steel Framing Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

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The Light Gauge Steel Framing Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global light gauge steel framing market report has been segmented on the basis of type, end-use, and region.

This Light Gauge Steel Framing Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Light Gauge Steel Framing Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Gauge steel frames are used for non-structural framing in residential and commercial buildings. Horizontal steel beams and vertical steel columns are fixed or welded together to form a rectangular grid to support the roof and walls of the building.

Light gauge (19-25 gauge) steel frames are used for construction, where there is no axial load or less lateral load, such as interior partitions or external cladding.

Increasing construction activities across the globe is a major factor driving the growth of the global light gauge steel framing market. In addition, the use of light gauge steel framing provides more useable space and low construction time.

These factors are further boosting demand for light gauge steel frames in the global market. However, fluctuating steel price is a major factor hampering the growth of the global light gauge steel framing market to a certain extent over the forecast period.

The Asia Pacific market accounts for the highest share in terms of revenue and is expected to dominate the global light gauge steel framing market over the forecast period, owing to developing commercial and industrial infrastructure in the region.

The light gauge steel framing market in North America accounts for a significant revenue share in the global market.

The market in Europe is expected to witness significant growth in the global market, owing to the restructuring of residential buildings in countries in the region.

Global Light Gauge Steel Framing Market Segmentation:

Segmentation On the Basis of Type:

• Skeleton Steel Framing
• Wall bearing Steel Framing
• Long Span Steel Framing

Segmentation On the Basis of End-use:

• Commercial
• Residential
• Industrial

Segmentation On the Basis of Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa