Light Gauge Steel Framing Market

Light Gauge Steel Framing Market Share was valued at USD 34 billion in 2020 and is expected to register a CAGR of 4.9% during the forecast period.

Light Gauge Steel Framing Market Overview

Light gauge steel framing (LGS) is primarily used in the building of light structures. A light ceiling, also known as a light sky, is a structure made up of lightweight steel frames joined in a grid pattern to form a wall or ceiling frame. Wood was once used, but now standardized steel and lightweight steel, such as LGS, are employed. There is also cutting and drilling labor in light jobs, although LGS is beneficial.

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Major Light Gauge Steel Framing Market Drivers

The factors driving the global light gauge steel framing market include the increasing number of commercial structures, such as hotels, retail stores, medical facilities, garages, and warehouses. Light gauge steel framing takes less time to build as compared to wood and concrete structures. Furthermore, technical advancements have resulted in low gauge steel framing, with increasing demand for residential and construction activities around the globe have propelled the market growth. For instance, according to the International Energy Agency Organizations Report in 2019, globally, entire buildings and construction spending were valued at USD 4.5 trillion, including spending on renovations. Thus, it has imposed potential demand for the growth of the light gauge steel framing market.

Restraint in the Light Gauge Steel Framing Market

However, fluctuation in raw material prices and the high cost of manufacturing these steels may hamper the global light gauge steel framing market.

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Type – Segment Analysis

Based on the type, the long span is expected to grow at the fastest rate in the global light gauge steel framing market during the forecast period owing to increasing demand for the vast infrastructure development projects with growing government and private investment around the globe. Long span type of LGS has great strength even though with low weight.

Application – Segment Analysis

Based on the application, commercial segment projected to capture the largest market share over the forecast period in the global light gauge steel framing market due to the demand for the construction of the commercial spaces such as hotels, malls, shopping centres and offices.

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Regional – Segment Analysis:

Asia-Pacific region is dominated the for the global  light gauge steel framing market in 2020 due to the rising public construction projects with the government and private investments in the developing countries such as India, China,  Japan, and many others. For instance, in 2020, India’s Gujarat state government has planned to build the largest toy museum globally with an investment of Crore 1,500 showcasing 11 Lakh toys from across the country. Thus, such massive investment by governments in the developing countries has propelled the demand for the LGS market.

Top Market Players

Various notable players operating in the market, include, MRI Steel Framing LLC, Stowell Company, Inc., Framecad, FrameTech Systems, Genesis Manazil Steel Framing, Hadley Industries PLC, Metek Plc., Aegis Metal Framing, CRACO Manufacturing Inc., Emirates Building System, and among others. 

Key Developments:

• • In 2018, Hadley Group, one of the global cold-rolled manufacturers of steel solutions had completed the acquisition of Hadley Steel Framing Ltd (HSF) for delivering its cold-rolled steel framing products.

Segments covered in the Report:

The global light gauge steel framing market has been segmented on the basis of type, application, and key regions. Based on type, the market is segmented into chemical control services, mechanical control services and others. Based on application, the market is segmented into residential, commercial, and industrial. 

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Market Segmentation

Global Light Gauge Steel Framing Market by Type

• • Skeleton
  • Wall Bearing
  • Long Span

Global Light Gauge Steel Framing Market by Application

• • Residential
  • Commercial
  • Industrial

Global Light Gauge Steel Framing Market by Region

• • North America Light Gauge Steel Framing Market (Option 1: As a part of the free 25% customization)

    • North America Light Gauge Steel Framing Market by Type
    • North America Light Gauge Steel Framing Market by Application
    • US Light Gauge Steel Framing Market All-Up
    • Canada Light Gauge Steel Framing Market All-Up

  • Europe Light Gauge Steel Framing Market (Option 2: As a part of the free 25% customization)

    • Europe Light Gauge Steel Framing Market by Type
    • Europe Light Gauge Steel Framing Market by Application
    • UK Light Gauge Steel Framing Market All-Up
    • Germany Light Gauge Steel Framing Market All-Up
    • France Light Gauge Steel Framing Market All-Up
    • Spain Light Gauge Steel Framing Market All-Up
    • Rest of Europe Light Gauge Steel Framing Market All-Up

  • Asia-Pacific Light Gauge Steel Framing Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Light Gauge Steel Framing Market by Type
    • Asia-Pacific Light Gauge Steel Framing Market by Application
    • China Light Gauge Steel Framing Market All-Up
    • India Light Gauge Steel Framing Market All-Up
    • Japan Light Gauge Steel Framing Market All-Up
    • Rest of APAC Light Gauge Steel Framing Market All-Up

  • RoW Light Gauge Steel Framing Market (Option 4: As a part of the free 25% customization)

    • RoW Light Gauge Steel Framing Market by Type
    • RoW Light Gauge Steel Framing Market by Application
    • Brazil Light Gauge Steel Framing Market All-Up
    • South Africa Light Gauge Steel Framing Market All-Up
    • Saudi Arabia Light Gauge Steel Framing Market All-Up
    • UAE Light Gauge Steel Framing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Light Gauge Steel Framing Market All-Up

Major Players Operating in the Light Gauge Steel Framing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • MRI Steel Framing LLC
  • Stowell Company, Inc.
  • FRAMECAD
  • FrameTech Systems
  • Genesis Manazil Steel Framing
  • Hadley Industries PLC
  • Metek Plc.
  • Aegis Metal Framing
  • CRACO Manufacturing Inc.
  • Emirates Building System