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2022
Light Gauge Steel Framing Market

Light Gauge Steel Framing Market by Type (Long Span, Skeleton, and Wall Bearing) and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15829
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Jul 2022 | 200 Views
   
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COVID-19

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Light gauge steel framing contains structural frames designed using cold metal parts. Light gauges consist of a mixture of zinc and aluminum or cladded with zinc to save it from damage. Light gauge steel framing used through the complete building, including exterior non-load-based interior walls, curtain walls, floor walls, and roof beams. In modern construction methods, users often choose light gauge steel framing because of its recyclable and lightweight material. Along with this, it is less time consuming and more expensive in the construction of community structures compared to traditional brick or stone and clay. As light gauge steel framing is often used for the construction of industrial and residential areas such as metalwork workshops, office buildings, stadiums, and warehouses. Instant growth in the global construction industry is hoped to accelerate the development of the light gauge steel framing.

Market Scope and Structure Analysis

Light gauge steel framing market is segmented on the basis of type, end user, and region. On the basis of type, the market is divided into skeleton, long span, and wall bearing. On the basis of end user, it is segmented into commercial, residential, and industrial. On the basis of region, it is analyzed across North America, Europe, LAMEA, and Asia-Pacific. Asia-Pacific is expected to remain a leading region in the light gauge steel framing market due to increase in the construction of residential and non-residential buildings in the region. There has been an outbreak in the use of metal in construction recently. Manufacturers are increasingly shipping Light Gauge Steel Framing for development because of its low cost, light weight ratio, corrosion resistance, and flexibility. The Light Gauge Steel framing of the long roof and the roof of the power space can also add contrast. Also, the use of Light Gauge Steel Framing reduces construction time, thereby ensuring a high profit for builders. The benefits associated with the adoption of a Light Gauge Steel Framing will continue to grow the market during the upcoming period.

 

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

 

 

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, End-user and Region

  Companies Covered

Arkitech Advanced Construction Technologies, Bluescope Steel Limited, Cemco, ClarkDietrich Building Systems, Craco Manufacturing Inc., Emirates Building Systems, FRAMECAD Ltd., Genesis Manazil Steel Framing, MRI Steel Framing LLC, Nipani Infra & Industries

 

COVID-19 Impact analysis

  • COVID-19 virus has closed the manufacturing of many products in the Light Gauge Steel Framing market accolade to the lockdown in worldwide. This has hampered the growth of Light Gauge Steel Framing market from the last few months and is likely to continue during 2021.
  • COVID-19 has so far impacted the sales of Light Gauge Steel Framing Market’s product in the first 4 month of 2021 and is expected to create a negative effect on the growth of market all over the year.
  • By 2020, COVID-19 impact negatively on the Light Gauge Steel Framing Market, leading to a decline in shipping of Light Gauge Steel Framing products as well as revenue received from them. Due to which, the decline in market growth showed in the first half of 2020.
  • Light Gauge Steel Framing Market rely heavily on the supply of raw materials, components, and materials from different countries around the world. With so many governments limiting exports, manufacturers had to stop production due to a shortage of raw materials.
  • The CORONA epidemic has had a devastating effect on Light Gauge Steel Framing market prices. India, US, China, and Japan have been hit hard by the epidemic, are playing a key role in the production of the Light Gauge Steel Framing Products that are being promoted worldwide. The agricultural, industrial, printing presses, conveyors, automobiles, motorcycles, telephone, and bicycles which is expected to continue for a brief period due to land recession.

Top Impacting Factors

Light Gauge Steel Framing are become popular in many types of construction work around the world. It has a vast history of earthquakes, and the impact of the earthquake load is short, which is advantageous for earthquake resistance. The implementation of strict government regulations and laws related to the use of advanced engineering techniques in the construction industry has stimulated the growth of the l Light Gauge Steel Framing market.

These frames are made of 60% used steel used for a variety of roofs, modular shape structures, and wall mounting applications; it is found to be attractive to its users as it is free of pollution and is a source of immature material for raw construction technology. This is expected to lead to the growth of the Light Gauge Steel Framing market worldwide in the future.

Light Gauge Steel Framing is mostly used in shopping malls, building infrastructure, hospitals, schools, and offices. In last few years, with the increasing cost of wood and timber, demand for light gauge steel framing has grown exponentially in the construction of various public, industrial, commercial, and residential buildings due to their high cost-effectiveness and durability. Increased investment by government and private companies in the construction industry is expected to drive the Light Gauge Steel Framing. Several international players and government agencies have invested heavily in construction. This also contributes to the growth of the market for the manufacture of Light Gauge Steel Framing.

Market Trends

  • In August 2020, the production of CEMCO Denver quickly reversed more than 50 tons steel-frame building products built into the Denver Center for recovered patients recently discharged from hospitals. The newly developed short-term building has more than 2000 beds available in several 10 'x 10' rooms. The enclosures are fitted with CEMCO's Viper Stud 18mil (20EQ) studs and tracks and other accessories provided by L&W Supply in Denver. Collaborating between Phase 2 Company and Spacecom Specialty Contractors, these temporary rooms are built in less than 72 hours (about 3 days). Once these rooms have been electrocuted, HVAC, dry, and exhausted, low-risk patients can be admitted for their safe stay.
  • 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 Benefits of the Report

  • This study presents the analytical depiction of the Light Gauge Steel Framing Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Light Gauge Steel Framing Market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Light Gauge Steel Framing Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Light Gauge Steel Framing Market analysis based on competitive intensity and how the competition will take shape in coming years.

Key Market Segments

Segments Sub-segments
By Type
  • Long Span
  • Skeleton
  • Wall bearing
By End-user
  • Residential
  • Commercial
  • Industrial
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Market Players

  • Arkitech Advanced Construction Technologies
  • Bluescope Steel Limited
  • Cemco
  • ClarkDietrich Building Systems
  • Craco Manufacturing Inc.
  • Emirates Building Systems
  • FRAMECAD Ltd.
  • Genesis Manazil Steel Framing
  • MRI Steel Framing LLC
  • Nipani Infra & Industries
 
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