Light gauge steel framing companies specialize in using thin sheets of steel to create durable and cost-effective framing solutions for construction projects. These companies leverage advanced manufacturing processes to produce precise and lightweight components that are easy to transport and assemble. Light gauge steel framing is widely used in residential and commercial construction for its strength, versatility, and sustainability.
The light gauge steel (LGS) market, valued at over USD 25.9 billion in 2022, is a dynamic and rapidly evolving space. This versatile material, known for its lightness, strength, and sustainability, is increasingly replacing traditional wood framing in various construction applications. As the market witnesses steady growth, a fascinating competitive landscape emerges, characterized by established players, innovative startups, and a constant battle for market share.
Strategies Shaping the Market:
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Key Companies in the Light Gauge Steel Framing Market Include
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The light Gauge Steel Framing Market Size was valued at USD 25.9 billion in 2022. The Light Gauge Steel Framing industry is projected to grow from USD27.0137Billion in 2023 to USD 37.8319337billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30%during the forecast period (2023 - 2032). Increased light weight, high tensile steel sheets and increase in focus on innovation in green construction materials, Unprecedented growth in the construction sector,Increase in focus on innovation in green construction materials are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The light gauge steel framing market is witnessing a surge in technological innovation.This includes the development of new products using the latest technology, such as modular light gauge steel solution . These solutions provide added features like dimension flexibility and multiple design options. Technological advancements allow companies to offer advanced products with extra benefits and expand their customer base. For instance, CRATE Modular Inc., a US-based manufacturer, introduced a unique cold-formed steel methodology in January 2022. This methodology offers flexibility in dimensions and additional design options, enabling CRATE to provide innovative solutions to its customers. This factor drives market CAGR.
Additionally, The increasing popularity of light gauge steel framing is driven by several advantages it offers. These include enhanced design flexibility, easy installation, high recyclability, inherent strength, lightweight nature, and shorter construction periods than timber or concrete systems. Light gauge materials have minimal shrinkage, rotting, warping, and decomposition resistance, making them suitable for areas prone to termite attacks. Government initiatives in countries like India and China and technological advancements have further propelled the market's growth. Light gauge steel construction is cost-effective and improves strength, stability, and safety. It is preferred over concrete or wood due to its affordability. Additionally, the market is witnessing a shift from traditional to modern and eco-friendly designs. Thus these factors boost the revenue of the Light Gauge Steel Framing market.
Light Gauge Steel Framing Type Insights
Based on Type, the Light Gauge Steel Framing market segmentation includes skeleton steel framing, wall-bearing steel framing, and long-span steel framing. The dominance of the wall-bearing steel framing segment can be attributed to the growing demand for robust and reliable structural solutions in the construction industry. Its ability to withstand heavy loads and provide stability makes it a preferred choice for building walls. Furthermore, advancements in manufacturing techniques and the availability of standardized components have made wall-bearing steel framing more accessible and cost-effective. This has further contributed to its dominance in the light gauge steel framing market.
Based on end use, the Light Gauge Steel Framingmarket segmentation includes residential, commercial, and industrial. The residential segment dominated the marketdue to the advantages of light gauge steel framing in residential construction. This is primarily attributed to the growing demand for affordable and sustainable housing solutions in the residential construction sector. Light gauge steel framing provides cost-effective and efficient construction options, aligning with the needs of the residential market. Its inherent properties of strength, durability, and design flexibility make it well-suited for diverse residential applications. Additionally, the increasing emphasis on energy efficiency and eco-friendly construction practices further fuels the adoption of light gauge steel framing in the residential segment.
Figure 1: Light Gauge Steel FramingMarket, by End Use, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study providesmarket insights into North America, Europe, Asia-Pacific, and Rest of the World. TheNorth America Light Gauge Steel Framing Market area will dominate this marketdue to the increasing construction activities of new commercial and industrial buildings. The North American The dominance of wall-bearing steel framing in the light gauge steel framing market is driven by the increased construction activities in the region. The government's support and funding for infrastructure development have also played a significant role. Growing consumer awareness about cost-effective and timely project completion has expanded the light gauge steel framing market will boost market growth in this region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.October 2023: Nucor Corporation, a leading North American steel producer, announces plans to expand its light gauge steel framing production capacity to meet growing demand in the residential construction sectorNovember 2023: The Steel Framing Industry Association (SFIA) releases a report highlighting the benefits of light gauge steel framing in achieving energy efficiency standards in buildings
Figure2: LIGHT GAUGE STEEL FARMING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Light Gauge Steel Framingmarket is the second-largest market share due to Lightweight,High tensile steel sheets and increase in focus on innovation in green construction materials. Further, the GermanLight Gauge Steel Framing marketheld the largest market share, and the UK Light Gauge Steel Framing market was the fastest-growing market in the European Region.
TheAsia-Pacific Light Gauge Steel Framing Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rise in construction activities in this Region. Moreover, China’s weight loss products market held the largest market share, and the Indian market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and Development to expand their product lines, which will help the Light Gauge Steel framingmarket grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Light Gauge Steel Framingiindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Light Gauge Steel Framing industry to benefit clients and increase the market sector. The Light Gauge Steel Framing Industry has offered some of the most significant advantages in recent years. Major players in the Light Gauge Steel Framingmarket, including Metek Plc. (UK), Hadley Industries PLC (UK), Intelligent Steel Solutions Ltd (UK), Scottsdale Construction Systems Ltd (Australia), Steel Construction Systems (US), CRACO Manufacturing Inc. (US), Steel Frame Solutions (Australia), Steel HQ (Hong Kong), HQ Stainless Steel Sdn Bhd. (Malaysia), ARKITECH ADVANCED CONSTRUCTION TECHNOLOGIES (Turkey), Emirates Building System (UAE), Stowell Company Inc. (US), steel (Belgium), Genesis Manazil Steel Framing (UAE),
Etex, an international building materials specialist headquartered in Belgium, focuses on creating safe, sustainable, smart, and aesthetically pleasing living spaces worldwide. Recently, Etex expanded its presence in the offsite construction market in the UK and Ireland by acquiring Sigmat Limited, a UK-based manufacturer of light gauge steel framing (LGSF). This strategic acquisition aligns with Etex's objective of becoming a global leader in offsite construction. Sigmat Limited's expertise strengthens Etex's position and reinforces its commitment to innovative building solutions.
CEMCO LLC is the premier manufacturer of steel framing and metal lath products and accessories in the United States. CEMCO's manufacturing facilities are in Los Angeles, California; Pittsburg, California; Denver, Colorado; and Ft. Worth, Texas, metropolitan areas. The production of CEMCO Denver quickly reversed more than 50 tons of steel-frame building pro built into the Denver Center for recovered patients recently discharged from hospitals. The newly developed s term building has more than 2000 beds available in several 10 'x 10' rooms. The enclosures are fitted with CEN Viper Stud 18mil (20EQ) studs, tracks, and other accessories provided by L&W Supply in Denver. Collabor between Phase 2 Company and Spacecom Specialty Contractors, these temporary rooms are built in less than hours (about three days). Once these rooms have been electrocuted, HVAC, dry, and exhausted, low-risk patients c admitted for their safe stay.
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October 2020Â Well-known steel construction company Zahner has developed a new ImageWall system, which allows architects to specify customized steel panels at a low cost. After architects have determined their image, materials and finishes using ImageWall's unique design tool, Zahner's patented process re-enlarges the image as a series of perforations on metal surfaces. The panels are then shipped with all hardware and construction, ready for easy installation.
Light Gauge Steel FramingTypeOutlook
Light Gauge Steel FramingEnd-UseOutlook
Light Gauge Steel Framing Regional Outlook
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