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2020

Steel Grating Market

Steel Grating Market Size, Share, Competitive Landscape and Trend Analysis Report, by Material Type, Surface Type, Fabrication, Application and End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2020-2027

MC : Bulk Chemicals

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Author's: Anil Chaudhary | Eswara Prasad
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Steel Grating Market Outlook - 2027

The global steel grating market was valued at $182.2 billion in 2019, and is projected to reach $261.2 billion by 2027, growing at a CAGR of 4.7% from 2020 to 2027.

Steel grating is a regular shaped assortment of similar, elongated, and parallel elements. It usually comprises one set of extended elements. Use of steel grating depends on load that it needs to bear. It is extensively implemented in numerous applications, owing to its benefits such as corrosion resistance and low maintenance requirement. Steel grating is used for stair treads, manhole covers, and handrails in various industries.

Steel-Grating-Market-2020-2027

The global steel grating market is primarily driven by demand from end use industries such as food processing, pharmaceuticals, chemical, steel, oil & gas, electric power, wastewater treatment, and civil engineering. Steel grating is widely used in these industries to make stair treads, platforms, walkways, drainage covers, and trench covers. Rise in demand for steel grating in end-use industries are attributed to physical properties such as high bearing capacity, skid-proofing, ease of fixation and dismantling, anti-deformation, ventilation and penetration of light, ease of cleaning, cost effective, and durability. These factors are expected to drive the global steel grating market growth during the forecast period.

However, factors such as emission of carbon during the production of steel grating and growing demand for FRP grating, owing to its lightweight are expected to hinder growth of the global steel grating market. In addition, rapid industrialization across developing economies such as China and India along with higher safety concerns are expected to provide lucrative opportunities for the global steel grating market to grow in the future.

The global steel grating market size is segmented on the basis of material type, surface type, fabrication, application, and end-use industry. On the basis of material type, the global steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. By surface type, it is divided into plain steel grating and serrated steel grating. On the basis of fabrication, it is segmented into welded steel grating, swage locked grating, press locked grating, riveted grating, and close mesh steel grating. On the basis of application, it is segmented into stair treads, walkways, platforms, security fence, drainage covers, trench covers, and others. By end-use industry, the market is divided into food processing, pharmaceuticals, cement, steel, chemical, papermaking, oil & gas, electric power, mining, marine, wastewater treatment, civil engineering, and others. Region wise, it is segmented into North America, Europe, Asia-Pacific, and LAMEA. 

The major key players operating in the global steel grating market include Nucor Corporation, Valmont Industries, Sinosteel Corporation, Alabama Metal Industries, Corporation (AMICO), Anping Enzar Metal Products Co. Ltd., Ohio Gratings, P&R Metals, Lionweld Kennedy, Interstate Gratings, and Litchgitter GmbH. Other players operating in this market are Farwest Steel Corporation, Grating Pacific Inc., Indiana Gratings Inc., and Mcnichols Co. Inc. These major key players adopt strategies, such as acquisition to stay competitive in the global steel grating market.

Global Steel Grating Market, By Region

Asia-Pacific accounted for the major share in 2019. Growth in industrialization and rise in demand from this region is catching eyes of many manufacturers to invest in this region and enhance their market share. Hence, surge in investments in the region for establishment of various industries is anticipated to create healthy demand for steel grating during the forecast period. Rapid growth in economies of countries such as India and China are anticipated to be major contributors for the positive outlook of the steel grating market during the forecast period.

Steel Grating Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit an CAGR of 6.0% during 2020-2027.

Global Steel Grating Market, By Material Type

The carbon steel grating segment accounted for the major share in 2019. This was attributed to rise in population and growth in the real-estate industry, which has increased the need for trench and drainage cover to drain water and block waste. This fuels the demand for steel gratings across the globe, especially across Asia-Pacific. Furthermore, increase in government initiatives in developed and developing economies such as the U.S. and India to strengthen the civic system drives growth of the market. In addition, aging civic infrastructure in the country is expected to drive the need for expansion or upgradation of existing facilities, which is further expected to boost the market growth over the coming years.

Steel Grating Market
By Material Type
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Carbon Steel Grating is projected as the most lucrative segment.

Global Steel Grating Market, By Fabrication

The welded steel grating segment accounted for the major share in 2019. Rapid industrialization and urbanization has led to rise in demand for welded steel grating significantly across countries of Asia-Pacific, especially China and India. Growth in food processing, chemicals, oil & gas, and steel industries has led to surge in demand for welded steel gratings to be used as walkways. In addition, growth in the construction industry (residential and non-residential) has increased demand for welded steel gratings to be used as security fences. Furthermore, government investments in development of aging civic system infrastructure has considerably increased the demand for welded steel grating to be used in manufacturing of drainage cover used for draining. These factors are anticipated to drive growth of the steel grating market across the globe during the forecast period.

Steel Grating Market
By Fabrication
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Welded Steel Grating is projected as the most lucrative segment.

Global Steel Grating Market, By Surface Type

The serrated steel grating segment accounted for the major share in 2019. Serrated steel grating can be used in balconies to prevent people from slipping down and can be installed on stairs to secure people from tripping and falling. It is extensively used in construction activities of residential and commercial buildings. In addition, owing to rapid urbanization, governments of developing economies such as India have launched initiatives such as Pradhan Mantri Awas Yojana and Smart City Projects to accommodate growing population with modern facilities. Hence, this demand for serrated steel grating is expected to surge significantly to be used in balconies and stair treads, which is expected to propel growth of the steel grating market during the forecast period. 

Steel Grating Market
By Surface Type
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Serrated Steel Grating is projected as the most lucrative segment.

Global Steel Grating Market, By Application

The walkways segment accounted for the major share in 2019. Rapid industrialization across developing economies such as India, China, and Brazil has led to rise in demand for walkways across various industries such as automotive, cement, chemical, mining, and oil & gas for workers and equipment to move freely without any obstacle. In addition, owing to rapid urbanization across these developing economies, the demand for walkways to be used by pedestrians, physically challenged people, old age people, and children to walk freely and safely on roads and gardens propels the market growth. These factors are expected to increase the demand for walkways across the globe during the forecast period.

Steel Grating Market
By Application
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Walkways is projected as the most lucrative segment.

Global Steel Grating Market, By End-Use Industry

On the basis of end-use industry, the oil & gas segment accounted for the major global steel grating market share in 2019. Surge in offshore oil & gas exploration activities across the globe, especially in South China Sea from major oil producing companies of the U.S. and China has led to set up of new oil rigs in the ocean. This, in turn, has led to rise in demand for steel grating to be used for platforms, stair treads, and walkways, which is anticipated to surge during the forecast period.

Steel Grating Market
By End-use Industry
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Oil & Gas is projected as the most lucrative segment.

COVID-19 Analysis:

  • The demand for steel grating is likely to experience a downfall during the COVID-19 pandemic as manufacturing and industrial activities across the globe have been halted due to disrupted supply of raw materials amid shutdown declared by governments of various developed and developing countries such as India, China, the U.S., and Germany to prevent transmission of the virus.
  • Steel is the raw material used in manufacturing of steel grating. According to the world steel association, the global production of crude steel in March 2020 was 147.6 Mt, a decrease of 5.7% compared to March 2019. The decline in production of steel is amid shutdown due to outbreak of COVID-19 pandemic across the globe
  • Decline in production of steel has resulted in downfall of production of steel grating across the globe.
  • Steel prices have declined globally as demand has decreased due to shut down amid COVID-19 pandemic. Thus, decrease in price of steel is likely to affect the pricing of steel grating negatively till governments lift up lockdowns and start the industrial activities.

Key benefits for stakeholders

  • The global steel grating market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global steel grating market forecast for the period 2020–2027.
  • The report outlines the current global steel grating market trends and future scenario of the global steel grating market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.

Steel Grating Market Report Highlights

Aspects Details
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By Material
  • Stainless Steel Grating
  • Carbon Steel Grating
  • Aluminum Steel Grating
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By Surface Type
  • Plain Steel Grating
  • Serrated Steel Grating
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By Fabrication
  • Welded Steel Grating
  • Swage Locked Grating
  • Press Locked Grating
  • Riveted Grating
  • Close Mesh Steel Grating
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By Application
  • Stair Treads
  • Walkways
  • Platforms
  • Security Fence
  • Drainage Covers
  • Trench Covers
  • Others
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By End Use Industry
  • Food Processing
  • Pharmaceuticals
  • Cement
  • Steel
  • Chemical
  • Paper making
  • Oil & Gas
  • Electric Power
  • Mining
  • Marine
  • Wastewater Treatment
  • Civil Engineering
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Lionweld Kennedy, Interstate Gratings, Litchgitter GmBH, Ohio Gratings, Nucor Corporation, Sinosteel Corporation, P&R Metals, Alabama Metal Industries, Valmont Industries, Anping Enzar Metal Products Co. Ltd.

Analyst Review

According to the analyst, new industrial establishments in developing countries such as China and India are expected to increase the demand for metal grated floorings, walkways, security fences, stair treads, platforms, and drainage covers. New infrastructure projects in the region are set to play a major role in the future demand for steel gratings. The demand for steel gratings is anticipated to witness significant growth in all regions, owing to its demand in various industry verticals ranging from food processing to oil & gas. Steel gratings offer anti-corrosion and anti-slip surface as compared to concrete platforms or walkways. They help secure workers safety, ensuring smooth vehicle or machinery movement. 

However, high cost of steel and its fabrication is expected to hamper the market growth, mainly due to availability of fiber-reinforced plastic (FRP) gratings. FRPs have long life span, low installation cost, low maintenance, and low raw material prices. This tends to limit the global steel grating market during the forecast period. 

Market players focus on developing new designs and fabrication formats to increase their product differentiation. In addition, computerized production processes help in achieving in faster product output with precision. To increase the slip resistance of grating surface, players have developed their own coating formulations. Such innovations from the steel grating market players have the potential to offer fresh opportunities for the global steel grating market growth.

Author Name(s) : Anil Chaudhary | Eswara Prasad
Frequently Asked Questions?

Surge in demand for steel grating from end-use industries such as oil & gas and pharmaceutical industries and installation of new manufacturing facilities across the globe especially in developing countries such as China and India are the key factors boosting the global steel grating market growth.

The global steel grating market was valued at $182.2 billion in 2019, and is projected to reach $261.2 billion by 2027, growing at a CAGR of 4.7% from 2020 to 2027.

Top companies in the global steel grating market are Nucor Corporation, Valmont Industries, Sinosteel Corporation, Alabama Metal Industries, Corporation (AMICO), Anping Enzar Metal Products Co. Ltd., Ohio grating, P&R Metals, Lionweld Kennedy, Interstate grating, and Litchgitter GmbH

Pharmaceutical industry is projected to increase the demand for steel grating across the globe

Oil & Gas end-use industry segment accounted for the largest market share in global steel grating market.

Increase in demand for steel grating in the end-use industries and advancements in technology like high load capacity are the main driver of global steel grating market

Global steel grating industry is expected to observe slow growth during the forecast period. It is due to downfall in demand for steel grating owing to halted industrial activities amid shutdown in various countries across the globe due to outbreak of Covid-19 pandemic.

The demand for steel grating across the globe is likely to experience a downfall during the COVID-19 pandemic as manufacturing and industrial activities across the countries such as U.S., Germany, India, China, and Brazil has been halted due to disrupted supply of raw materials amid shutdown declared by the government of these countries to prevent the transmission of corona virus.

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Steel Grating Market

Global Opportunity Analysis and Industry Forecast, 2020-2027