Outlook on the $48.8 Billion Light Gauge Steel Framing Global Market to 2027 - Key Industry Trends and Drivers - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 21, 2022--
The “Light Gauge Steel Framing: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Light Gauge Steel Framing estimated at US$30.5 Billion in the year 2020, is projected to reach a revised size of US$48.8 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.
Wall Bearing, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$22.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Skeleton segment is readjusted to a revised 7.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.3 Billion, While China is Forecast to Grow at 10.2% CAGR
The Light Gauge Steel Framing market in the U.S. is estimated at US$8.3 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.5 Billion by the year 2027.
Long Span Segment to Record 6.8% CAGR
In the global Long Span segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.6 Billion in the year 2020 will reach a projected size of US$7.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.3% CAGR through the analysis period.
Select Competitors (Total 42 Featured)
- Arkitech Advanced Construction Technologies
- Emirates Building Systems Co. LLC
- Genesis Manazil Steel Framing
- Hadley Group
- Icarus LSF
- Metek UK Limited
- MRI Steel Framing LLC
- QSI Interiors Ltd.
- Steel Construction Systems
- Steel Frame Solutions
- Steel HQ
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Light Gauge Steel Framing - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/2w2v8i
View source version on businesswire.com:https://www.businesswire.com/news/home/20221221005530/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/21/2022 01:18 PM/DISC: 12/21/2022 01:18 PM