Light Gauge Steel Framing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Skeleton Steel Framing, Wall bearing Steel Framing, Long Span Steel Framing), By End Use (Residential, Commercial, Industrial), By Region, and By Competition 2018-2028

Industry : Infrastructure
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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 31.56 Billion
CAGR (2023-2028)	5.78%
Fastest Growing Segment	Commercial
Largest Market	North America

Market Overview

The Global Light Gauge Steel Framing (LGSF) Market has valued at USD 31.56 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.78% through 2028. The Global Light Gauge Steel Framing (LGSF) Market is experiencing robust growth, driven by a confluence of factors that are reshaping the construction industry worldwide. LGSF is a versatile and innovative building solution that utilizes cold-formed steel to create durable and efficient structural frameworks for various construction applications. Key factors driving the market's expansion include:

Sustainable Construction: Sustainability has become a focal point in construction, and LGSF aligns perfectly with this trend. Steel is a recyclable material, and LGSF systems generate minimal waste during construction. As environmental concerns grow, builders are increasingly turning to LGSF for its eco-friendly attributes.
Speed and Efficiency: LGSF systems are renowned for their speed of construction and efficiency. Off-site manufacturing of precision-engineered components allows for rapid on-site assembly. This advantage is particularly appealing in urban environments where time is of the essence.
Structural Strength: LGSF offers exceptional structural strength and resilience, making it suitable for a wide range of applications, including residential, commercial, and industrial construction. Its ability to withstand seismic activity and extreme weather conditions is particularly valuable.
Design Flexibility: Architects and designers appreciate the design flexibility that LGSF systems offer. The versatility of steel framing allows for innovative and customizable architectural designs, making it ideal for modern construction projects.
Energy Efficiency: LGSF systems are compatible with insulation materials, contributing to energy-efficient construction. This aligns with the growing demand for energy-efficient and environmentally responsible buildings.
Regional Variations: Market dynamics can vary by region due to differing construction practices, regulatory environments, and economic conditions. North America, Europe, and Asia-Pacific are currently prominent regions in the global LGSF market.

Key Market Drivers

Increased Demand for Sustainable Construction:

Sustainability has become a fundamental driver in the construction industry, and LGSF systems align perfectly with this trend. The desire to reduce the carbon footprint and minimize environmental impact is pushing builders and developers to choose construction materials that are eco-friendly. Steel, being a recyclable material with a long lifespan, fits the sustainability criteria. LGSF systems offer energy-efficient construction, reduced waste generation, and can be recycled at the end of their useful life, making them an attractive choice for environmentally conscious projects.

Advantages in Seismic and Hurricane-Prone Regions:

The growing awareness of climate change and the increased frequency of extreme weather events have led to a higher demand for resilient and disaster-resistant construction. LGSF systems are renowned for their strength and durability, making them suitable for regions prone to earthquakes, hurricanes, and other natural disasters. Builders and developers in such areas are increasingly turning to LGSF for its ability to withstand these challenges and provide safer structures.

Speed and Efficiency in Construction:

LGSF systems are known for their speed and efficiency in construction. The use of precision-engineered components and off-site manufacturing allows for rapid assembly on-site. This speed of construction is particularly appealing in urban environments where minimizing disruption and project timelines are crucial. Developers and builders are choosing LGSF for its ability to accelerate project completion, reduce labor costs, and meet tight deadlines.

Cost-Effective Construction:

Cost-effectiveness is a key driver in the adoption of LGSF systems. While initial material costs may be higher than traditional materials like wood, the overall cost of construction is often lower due to reduced labor requirements, faster construction times, and minimal waste generation. Additionally, the durability of steel framing systems translates into lower maintenance costs over the life of the building. As developers seek cost-efficient solutions, LGSF presents a compelling option.

Urbanization and Population Growth:

Rapid urbanization, especially in emerging economies, has led to increased demand for residential and commercial buildings. As cities expand, there is a need for efficient construction methods that can keep up with the pace of development. LGSF systems are well-suited for urban construction due to their ability to maximize space, create multi-story structures, and provide efficient load-bearing capabilities. As the world's population continues to grow, LGSF construction can help meet the demand for housing and infrastructure in densely populated urban areas.

Technological Advancements:

Advancements in technology are driving the growth of the LGSF market. Computer-aided design (CAD) and Building Information Modeling (BIM) software enable architects and engineers to design complex steel structures with precision and efficiency. Robotics and automation in manufacturing are improving the quality and speed of LGSF component production. Additionally, digital tools are enhancing project management and on-site assembly processes, further increasing the appeal of LGSF construction.

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Key Market Challenges

High Initial Capital Investment:

One of the significant challenges in the LGSF market is the high initial capital investment required for setting up manufacturing facilities and acquiring specialized equipment. The production of light gauge steel frames demands precision machinery and technology, which can be expensive to procure and maintain. This barrier to entry can limit the number of new players entering the market and impact the overall growth rate.

Limited Awareness and Education:

A challenge often encountered in the LGSF market is the limited awareness and understanding of steel framing systems among architects, builders, and developers. Many professionals in the construction industry are more familiar with traditional materials like wood or concrete. Consequently, there is a need for education and training programs to promote the advantages of LGSF and ensure that it is considered as a viable alternative in construction projects.

Regulatory Compliance and Standardization:

Regulatory compliance and the lack of standardized building codes for LGSF construction can pose challenges. Building codes and regulations vary by region and may not always address the unique characteristics of steel framing systems. This can create uncertainty for builders and developers, as they must navigate different codes and approvals, potentially leading to delays and increased costs.

Perceived Fire Risk:

While steel is inherently fire-resistant, there is a perception among some stakeholders that steel framing systems may pose a fire risk due to misconceptions about the behavior of steel in high-temperature environments. Educating industry professionals and the public about the fire-resistant properties of steel framing is essential to dispel such concerns and enhance the adoption of LGSF systems.

Competition with Traditional Building Materials:

The construction industry has historically relied on traditional building materials such as wood and concrete. Convincing stakeholders to transition to LGSF can be challenging, as it requires demonstrating the benefits of steel framing systems in terms of durability, sustainability, and cost-effectiveness. Overcoming the entrenched use of traditional materials and established construction practices is a significant hurdle for the LGSF market.

Supply Chain Disruptions:

Like many industries, the LGSF market can be affected by supply chain disruptions. Factors such as trade disputes, transportation bottlenecks, and unforeseen events (e.g., the COVID-19 pandemic) can disrupt the availability of raw materials, steel coils, and other essential components needed for manufacturing LGSF products. Such disruptions can lead to project delays and cost escalations.

Resistance to Change:

Resistance to change is a common challenge in the construction industry, where established practices and traditions often dictate decision-making. Convincing stakeholders to embrace the innovative aspects of LGSF construction, such as modular and off-site construction techniques, can be met with resistance due to unfamiliarity or reluctance to depart from traditional methods.

Key Market Trends

Sustainable Construction Practices:

Sustainability has become a paramount concern in the construction industry, driving the adoption of eco-friendly materials and practices. In the LGSF market, there's a growing trend toward using steel as a sustainable alternative to traditional construction materials like wood. Steel is recyclable, durable, and offers a reduced environmental footprint. As regulations and consumer demand for sustainable construction continue to increase, LGSF systems are well-positioned to gain prominence.

Modular and Prefabricated Construction:

The global construction industry is shifting toward modular and prefabricated building techniques to reduce construction time, labor costs, and waste. LGSF is particularly suited for this trend due to its precision manufacturing and ease of assembly. These systems allow for faster construction, improved quality control, and the ability to meet the growing demand for off-site construction solutions. The trend towards modular construction is expected to drive the adoption of LGSF systems in residential, commercial, and industrial projects.

Technological Advancements:

The LGSF market is witnessing significant technological advancements, including the development of advanced software for designing and modeling steel structures. Building Information Modeling (BIM) software and other digital tools enable architects, engineers, and builders to plan and optimize LGSF projects more efficiently. Additionally, robotics and automation are being used to improve the manufacturing and assembly processes, enhancing precision and reducing labor costs.

Residential and Affordable Housing Solutions:

The demand for affordable housing, especially in rapidly urbanizing areas, is driving the use of LGSF systems in residential construction. LGSF offers cost-effective and efficient solutions for building affordable housing units, apartments, and residential complexes. Its ability to provide high-quality structures quickly and at a lower cost than traditional methods positions it favorably in addressing the affordable housing crisis in many regions.

Steel Price Volatility and Supply Chain Challenges:

The LGSF market is not immune to the challenges faced by the global steel industry, including price fluctuations and supply chain disruptions. Steel prices can impact the cost-effectiveness of LGSF projects, making it essential for stakeholders to monitor steel market trends and plan accordingly. Supply chain disruptions, as seen during the COVID-19 pandemic, can also affect the availability of steel and other essential materials for LGSF construction.

Segmental Insights

Type Insights

Skeleton steel framing segment dominates in the global light gauge steel framing market in 2022. Skeleton steel framing, also known as structural steel framing or cold-formed steel framing, is a type of LGSF that forms the structural skeleton or framework of a building. It consists of steel studs, tracks, and other components that create the primary load-bearing structure. Skeleton steel framing is favored for its strength, durability, and versatility in a wide range of construction applications.

Factors Contributing to Dominance:

Structural Integrity: Skeleton steel framing is the backbone of many construction projects, providing exceptional structural integrity. It is often used in mid-rise and high-rise buildings, where structural stability is critical.
Design Flexibility: This type of framing allows for flexible architectural designs, accommodating various building shapes and sizes. Architects and designers appreciate the freedom it offers in creating innovative structures.
Load-Bearing Capabilities: Skeleton steel framing can support heavy loads, making it suitable for projects with demanding structural requirements, including commercial and industrial buildings.

End Use Insights

Residential segment dominates in the global light gauge steel framing market in 2022. In many regions, the demand for affordable and efficient housing solutions has fueled the dominance of LGSF in the residential sector. LGSF systems offer cost-effective and durable alternatives to traditional construction methods.

Customizable Design: Homeowners and builders appreciate LGSF for its flexibility in design and the ability to create custom-built homes. The versatility of steel framing allows for various architectural styles and floor plan configurations.
Energy Efficiency: LGSF's compatibility with insulation materials and energy-efficient systems aligns with the growing emphasis on sustainable and energy-efficient homes.

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Regional Insights

North America dominates the global light gauge steel framing market in 2022. North America has a long history of adopting advanced construction practices and technologies. The region has been at the forefront of innovative building solutions, including the use of steel framing systems. The construction industry in North America has a well-established understanding of the benefits of LGSF, such as speed of construction, durability, and sustainability. This early adoption and familiarity have contributed to the dominance of LGSF in the North American market.

North America has stringent building codes and regulations, especially in regions prone to natural disasters like earthquakes and hurricanes. LGSF systems are well-suited to meet these requirements due to their strength and resilience. Builders and developers in North America often prefer LGSF for its ability to provide safe and compliant structures in areas with specific construction standards, further boosting its dominance.

The urbanization trend in North America has led to increased demand for efficient construction methods that can accommodate growing urban populations. LGSF systems offer advantages in terms of maximizing space utilization, enabling multi-story construction, and providing design flexibility. These features are particularly valuable in densely populated urban areas, driving the demand for LGSF solutions.

Sustainability is a significant driver in North America, with a strong emphasis on environmentally friendly construction materials and practices. LGSF aligns with these sustainability goals as steel is recyclable, and the construction process generates minimal waste. Builders in North America increasingly choose LGSF for its eco-friendly attributes, contributing to its market dominance.

Recent Developments

In September 2020 Atlantech Online announced they had lit Anthem Row with fiber. The tenants on 700 K Street, NW, and 800 K Street, can now enjoy high-speed Internet bandwidth at affordable prices. Atlantech's Hosted PBX Service service can be utilized by tenants adding to the company's legacy.
In October 2020 Vonage has joined forces with Hacktoberfest to promote and honor contributions to the Open Source community. As part of their collaboration, Vonage will provide access to their GitHub repositories, code snippets, and demonstrations, offering support and resources to participants. This partnership aims to encourage and celebrate the spirit of Open Source collaboration.
In October 2020 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.

Key Market Players

Hadley Industries PLC
Genesis Manazil Steel Framing
ClarkDietrich Building Systems LLC
Precision Walls Inc.
QSI Interiors Ltd.
Metek Plc.
Intelligent Steel Solutions Ltd
FRAMECAD
Steel HQ
Steel Frame Solutions

By Type	By End Use	By Region
Skeleton Steel Framing Wall bearing Steel Framing Long Span Steel Framing	Residential Commercial Industrial	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Light Gauge Steel Framing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Light Gauge Steel Framing Market, By Type:

o Skeleton Steel Framing

o Wall bearing Steel Framing

o Long Span Steel Framing

Light Gauge Steel Framing Market, By End Use:

o Residential

o Commercial

o Industrial

Light Gauge Steel Framing Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Light Gauge Steel Framing Market.

Available Customizations:

Global Light Gauge Steel Framing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Light Gauge Steel Framing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Light Gauge Steel Framing Market

5. Voice of Customer

6. Global Light Gauge Steel Framing Market Overview

7. Global Light Gauge Steel Framing Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type (Skeleton Steel Framing, Wall bearing Steel Framing, Long Span Steel Framing)

7.2.2. By End Use (Residential, Commercial, Industrial)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America Light Gauge Steel Framing Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By End Use

8.2.3. By Country

8.2.3.1. United States Light Gauge Steel Framing Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Type

8.2.3.1.2.2. By End Use

8.2.3.2. Canada Light Gauge Steel Framing Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Type

8.2.3.2.2.2. By End Use

8.2.3.3. Mexico Light Gauge Steel Framing Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Type

8.2.3.3.2.2. By End Use

9. Europe Light Gauge Steel Framing Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By End Use

9.2.3. By Country

9.2.3.1. Germany Light Gauge Steel Framing Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Type

9.2.3.1.2.2. By End Use

9.2.3.2. France Light Gauge Steel Framing Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Type

9.2.3.2.2.2. By End Use

9.2.3.3. United Kingdom Light Gauge Steel Framing Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Type

9.2.3.3.2.2. By End Use

9.2.3.4. Italy Light Gauge Steel Framing Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Type

9.2.3.4.2.2. By End Use

9.2.3.5. Spain Light Gauge Steel Framing Market Outlook

9.2.3.5.1. Market Size & Forecast

9.2.3.5.1.1. By Value

9.2.3.5.2. Market Share & Forecast

9.2.3.5.2.1. By Type

9.2.3.5.2.2. By End Use

10. South America Light Gauge Steel Framing Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By End Use

10.2.3. By Country

10.2.3.1. Brazil Light Gauge Steel Framing Market Outlook

10.2.3.1.1. Market Size & Forecast

10.2.3.1.1.1. By Value

10.2.3.1.2. Market Share & Forecast

10.2.3.1.2.1. By Type

10.2.3.1.2.2. By End Use

10.2.3.2. Colombia Light Gauge Steel Framing Market Outlook

10.2.3.2.1. Market Size & Forecast

10.2.3.2.1.1. By Value

10.2.3.2.2. Market Share & Forecast

10.2.3.2.2.1. By Type

10.2.3.2.2.2. By End Use

10.2.3.3. Argentina Light Gauge Steel Framing Market Outlook

10.2.3.3.1. Market Size & Forecast

10.2.3.3.1.1. By Value

10.2.3.3.2. Market Share & Forecast

10.2.3.3.2.1. By Type

10.2.3.3.2.2. By End Use

11. Middle East & Africa Light Gauge Steel Framing Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By End Use

11.2.3. By Country

11.2.3.1. Saudi Arabia Light Gauge Steel Framing Market Outlook

11.2.3.1.1. Market Size & Forecast

11.2.3.1.1.1. By Value

11.2.3.1.2. Market Share & Forecast

11.2.3.1.2.1. By Type

11.2.3.1.2.2. By End Use

11.2.3.2. UAE Light Gauge Steel Framing Market Outlook

11.2.3.2.1. Market Size & Forecast

11.2.3.2.1.1. By Value

11.2.3.2.2. Market Share & Forecast

11.2.3.2.2.1. By Type

11.2.3.2.2.2. By End Use

11.2.3.3. South Africa Light Gauge Steel Framing Market Outlook

11.2.3.3.1. Market Size & Forecast

11.2.3.3.1.1. By Value

11.2.3.3.2. Market Share & Forecast

11.2.3.3.2.1. By Product Type

11.2.3.3.2.2. By Power Type

11.2.3.3.2.3. By Lifting Height

11.2.3.3.2.4. By Application

12. Asia Pacific Light Gauge Steel Framing Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Size & Forecast

12.2.1. By Type

12.2.2. By End Use

12.2.3. By Country

12.2.3.1. China Light Gauge Steel Framing Market Outlook

12.2.3.1.1. Market Size & Forecast

12.2.3.1.1.1. By Value

12.2.3.1.2. Market Share & Forecast

12.2.3.1.2.1. By Type

12.2.3.1.2.2. By End Use

12.2.3.2. India Light Gauge Steel Framing Market Outlook

12.2.3.2.1. Market Size & Forecast

12.2.3.2.1.1. By Value

12.2.3.2.2. Market Share & Forecast

12.2.3.2.2.1. By Type

12.2.3.2.2.2. By End Use

12.2.3.3. Japan Light Gauge Steel Framing Market Outlook

12.2.3.3.1. Market Size & Forecast

12.2.3.3.1.1. By Value

12.2.3.3.2. Market Share & Forecast

12.2.3.3.2.1. By Type

12.2.3.3.2.2. By End Use

12.2.3.4. South Korea Light Gauge Steel Framing Market Outlook

12.2.3.4.1. Market Size & Forecast

12.2.3.4.1.1. By Value

12.2.3.4.2. Market Share & Forecast

12.2.3.4.2.1. By Type

12.2.3.4.2.2. By End Use

12.2.3.5. Australia Light Gauge Steel Framing Market Outlook

12.2.3.5.1. Market Size & Forecast

12.2.3.5.1.1. By Value

12.2.3.5.2. Market Share & Forecast

12.2.3.5.2.1. By Type

12.2.3.5.2.2. By End Use

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Hadley Industries PLC

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Genesis Manazil Steel Framing

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. ClarkDietrich Building Systems LLC

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. Precision Walls Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. QSI Interiors Ltd.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Metek Plc.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. Intelligent Steel Solutions Ltd

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. FRAMECAD

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. Steel HQ

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10. Steel Frame Solutions

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the global light gauge steel framing market in 2022?

The market size of the global light gauge steel framing market was estimated to be USD 31.56 Billion in 2022.

Which was the dominant segment in the global light gauge steel framing market in 2022, by end use?

Residential is the dominant segment in the global light gauge steel framing market in 2022 by end use.

What are the challenges in the global light gauge steel framing market?

The challenges in the global light gauge steel framing market include high initial capital investment, limited awareness and education, regulatory compliance and standardization, perceived fire risk, etc.

What are the major drivers for the global light gauge steel Framing market?

The major drivers for the global light gauge steel framing market include increased demand for sustainable construction, advantages in seismic and hurricane-prone regions, speed and efficiency in construction, cost-effective construction, urbanization and population growth, etc.

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Srishti Verma

Business Consultant

Talk To Analyst

Press Release

Light Gauge Steel Framing Market Expands with Residential Segment at a robust CAGR

Oct, 2023

The increasing global light gauge steel framing market is driven by increased demand for sustainable construction, advantages in seismic and hurricane-prone regions during the forecast period 2024-20