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
• FRAMECAD
• 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:

I. METHODOLOGY

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

IV. COMPETITION

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/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY ARCHITECTURE OTHER CONSTRUCTION & PROPERTY MANUFACTURING CONSTRUCTION & PROPERTY STEEL

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/21/2022 01:18 PM/DISC: 12/21/2022 01:18 PM

http://www.businesswire.com/news/home/20221221005530/en