The Business Research Company’s Light Gauge Steel Framing Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, August 11, 2022 /EINPresswire.com/ — According to ‘Light Gauge Steel Framing Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the light gauge steel framing market size is expected to reach $40.47 billion in 2026 at a CAGR of 4.42%. Rising construction activities are expected to drive the light gauge steel framing market growth.
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The light gauge steel framing market consists of sales of light gauge steel framing by entities (organizations, sole traders, and partnerships) that refer to a steel-framed wall system manufactured from cold-rolled load bearing. They are used for wall systems, roof panels, floor systems, or entire buildings. The advantages of LGSF include lightweight, easy transportation, lower construction costs, and high strength and durability.
Global Light Gauge Steel Framing Market Trends
Technological innovation is one of the key light gauge steel framing industry trends gaining popularity. Technological innovations in light gauge steel framing include the development of new products using the latest technology, such as modular light gauge steel solutions, which offer additional features such as dimension flexibility, multiple design options, and others. Technological innovations enable companies to offer advanced products with additional benefits and increase their customer reach. For instance, in January 2022, CRATE Modular Inc., a USA-based manufacturer of modular construction components, launched a new light gauge steel solution, a cold-formed steel methodology. This new methodology is unique due to its flexibility in dimensions and offers additional design options. With the introduction of its new cold-formed steel process, CRATE attained the ability to offer more innovative solutions to its customers.
Global Light Gauge Steel Framing Market Segments
The global light gauge steel framing market is segmented:
By Type: Skeleton, Wall Bearing, Long Span
By End-Use: Commercial, Residential, Industrial
By Geography: The global light gauge steel framing market research report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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Light Gauge Steel Framing Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides light gauge steel framing global market overviews, analyzes and forecasts market size and growth for the light gauge steel framing market, light gauge steel framing global market share, light gauge steel framing global market segments and geographies, light gauge steel framing global market players, light gauge steel framing market leading competitor revenues, profiles and market shares. The light gauge steel framing market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Light Gauge Steel Framing Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Hadley Industries, Clarkwestern Dietrich Building Systems, Metek Plc, Intelligent Steel Solutions Ltd, FRAMECAD Ltd, Steel Frame Solutions, CEMCO-California Expanded Metal Products Inc, Craco Metal Supply Inc, Arkitech Advanced Construction Technologies, Quail Run Building Materials Inc, SCAFCO Steel Stud Company, Ware Industries Inc, The Steel Network Inc, ArcelorMittal, and Super Stud Building Products Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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