Light Gauge Steel Framing Market Share

APAC Market Forecast

Light gauge steel framing market in Asia Pacific is expected to hold the largest share of 37% by the end of 2037. The expanding construction activities in the region, particularly for commercial and industrial buildings, are credited with the rise of the regional market. Among the region's principal markets are China, India, and the countries of Southeast Asia. The enormous growth of the regional market is largely due to the large public and private expenditures made in these nations in the development of infrastructure and the creation of commercial spaces. As per a report, 61 % of respondents to a 2020 survey on the importance of infrastructure investments for future economic growth in a few Asia Pacific countries agreed that infrastructure development would be essential to Japan's economic expansion in 2020. Further, by 2025, it's anticipated that India's construction industry will generate USD 1.4 trillion. 

European Market Statistics

European light gauge steel framing market is anticipated to hold a share of 26% during the forecast period. Across Europe, these structures are finding more and more use in various commercial and industrial contexts. The ability of structures to withstand seismic loads and, consequently, earthquakes is increasing. The employment of contemporary civil engineering techniques in the building sector is subject to stringent government rules and regulations, which has contributed to the growth of the European market. Because it produces no pollution and provides raw materials for green construction technology, it is attractive to users.