Light Gauge Steel Framing Market Trends

  • Report ID: 5569
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Light Gauge Steel Framing Market Trends

Growth Drivers

  • Growing Popularity of Modular and Prefabricated Building - Steel frames are easily formed to meet precise structural and architectural requirements. Because of its versatility, architects, and builders can create unique structures through creative customization and design. Light gauge steel frames provide design freedom when building modular classrooms for educational facilities. Off-site production is possible for steel frames with custom dimensions, allowing for distinctive classroom configurations and architectural features. The light gauge steel framing's quality control qualities could be advantageous for a healthcare institution's modular building project. Strict quality controls are applied to the steel frames during their controlled manufacturing process to guarantee the structural precision and integrity required for essential healthcare infrastructure.
  • Growing Technological Advancements - New technologies such as automation, 3D printing, and robots are transforming the construction industry. Light gauge frame systems can readily integrate these technologies, which lowers their cost and increases efficiency. Technology has streamlined material consumption and decreased waste in steel framing. In addition, labor expenses have decreased as a result of some tasks becoming automated. Steel frame creation has also been significantly faster because of improved production processes and design software. BMI technology, for example, makes it possible to combine different design and construction components into a single digital model. This facilitates communication between various stakeholders and guarantees a more precise and efficient construction process.
  • Retrofitting Existing Structures - During retrofitting projects, light gauge framing enables more effective use of available space. Since the material is lightweight, it is simpler to alter and add new components to existing buildings without sacrificing the building's structural integrity. Light gauge framing also has design freedom, which makes it appropriate for retrofitting projects that call for customization. When restoring existing structures, they may be easily bent and adjusted to match unique architectural needs, allowing for imaginative and novel solutions. Also, the main strategies to lower the sector's energy use are energy-efficient new construction and retrofits for already-existing structures. As per a report, up to 80% of the stock is anticipated to consist of existing buildings in various countries by 2030; retrofits are particularly crucial for increasing energy efficiency in these buildings. 

Challenges

  • Lack of Awareness about the Benefits of Light Gauge Framing - The construction sector is well known for its aversion to change, especially when it comes to adopting novel materials and techniques. Some stakeholders find it challenging to switch to light gauge framing because of ingrained routines and familiarity with earlier construction techniques. Opposition to change may stem from concerns about potential disruptions in the future, the need to retrain personnel, and doubts about the long-term feasibility and efficacy of a light gauge steel frame. Therefore, this factor may hamper the growth of the light gauge steel framing market.
  • Shortage of Skilled Labor Force may Hinder the Market Growth
  • The Complex Nature of Designing may Hamper the Light Gauge Steel Framing Market

Light Gauge Steel Framing Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.3%

Base Year Market Size (2024)

USD 38.57 billion

Forecast Year Market Size (2037)

USD 75.48 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Shweta Patidar


  • Report ID: 5569
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of light gauge steel framing is evaluated at USD 40.21 billion.

The light gauge steel framing market size was valued at USD 38.57 billion in 2024 and is set to exceed USD 75.48 billion by 2037, expanding at over 5.3% CAGR during the forecast period i.e., between 2025-2037. Growing popularity of modular and prefabricated building, growing technological advancements and retrofitting existing structures will drive the market growth.

Asia Pacific industry is likely to hold largest revenue share of 37% by 2037, due to growing construction activities in the region.

The major players in the market include MiTek Inc, Forsee Power, Etex, Divergent Technologies Inc, AECOM
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