The global Light gauge steel framing market was valued at $32.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $50.7 Billion.
The light gauge steel frame is developed through a cold formed process without the use of heat. The manufacturers are setup to produce a lightweight but high tensile steel sheets.The light gauge steel frame is quite necessary for offsite constructions. It can be used combined with timber & hybrid materials & also used for walling application, modular options, & roofing.
It can use be used throughout structure including load bearing wall, nonload bearing wall, roofs.Multi-story building up to 10 story high &mixed-use buildings comprising car parking, commercial space at the lower level with the residential buildings above are made by a light gauge steel frame.
Benefits of using light gauge steel frameare forCost efficient, Durable, Flexibility, Fast constructionEnhanced thermal performance.
“Optimal Price Point (OPP) for Light gauge steel Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Light gauge steel materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Light gauge steel Frames “byMaterial Types”
We have segmented the light gauge steel frames based on material type as Skeleton, Wall bearing and Long Span. Skeleton frameis constructed in a rectangular shape to support walls, roof, and floors of a building which are combined with the frames, so the construction of skyscrapers is easily possible.Wall bearing frame is the interior or exterior end of the building wall is used to carry the load of the structural members that support floor & roof.Long spanis used for distances to carry walls & roof with open web arches like the construction of roller beams, riveted girder, heavy girder.
Light gauge steel frames Market by “End-Use”
We have segmented the Light gauge steel frames market based on end-use as commercial, residential, & industrial.
COMMERCIAL:Light gauge steelFrames is now used in Railway/Telecom sectors, studios, operation theatre, testing lab room.
RESIDENTIAL: Light gauge steelFrames is used in Dairy farm sheds, prefabricated guestrooms, quarter.
INDUSTRIAL: Light gauge steel frame is used for container house, lift able cabin, modular buildings, prefabricated control rooms etc.
Asia Pacificaccounted for the maximum revenue share of over xx% in 2017 due to increased demandof Light gauge steelmaterials followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2025.
Light gauge steel frame such as wall bearing & long span is widely used in construction industry for various applications such as building structures, roller beams, riveted girder and heavy girder. Recovery of the LGSF industry in developed regions of North America and Europe is over the last two years has been a significant driving force for industry growth.
Increased officeconstruction, prefabricated control rooms, modular building, theatre in emerging economies such as China, India, Brazil, is anticipated for industrial & commercial constructions. Strong economic development coupled with industrial sector growth is expected to drive market growth over the forecast period.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Dietrich metal farming,Shanghai besteelgroup,Volta green structures,Nipani infra& industries PvtLtd,Niagra infrastructure engineering & Architectures,La casaInfratech (p) Ltd,Richa industries Ltd, Horsea Building, Invogue buildings system Pvtltd are few major players in Light gauge steelmarkets.The market of Light gauge steels is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Light gauge steel frames by Materials types(Revenue, Million, 2014 – 2025)
- Wall bearing
- Long span
Light gauge steel by End-Use(Revenue, Million, 2014 – 2025)
Light gauge steel frames materials Market Regional Outlook (Revenue,USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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