Steel Grating Walkways Market By Material Type (Carbon Steel Grating, Stainless Steel Grating, Mild Steel Grating) , By Fabrication (Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Riveted Grating, Close Mesh Steel Grating) By Surface Type (Serrated Steel Grating, Plain Steel Grating) : Global Opportunity Analysis and Industry Forecast, 2024-2032
Steel Grating Walkways Market
The steel grating walkways market was valued at $184.4 billion in 2023 and is projected to reach $241.6 billion by 2032, growing at a CAGR of 3% from 2024 to 2032.
A steel grating walkway is a flooring product with a grid-like structure developed using steel bars. The intersection of bars at regular intervals leads to the creation of a robust, durable, and secure platform that finds applications in various residential, commercial, and industrial settings. The utility of steel grating walkways is beneficial for diverse settings as they offer slip resistance, ventilation, & passage for drainage and are easy to maintain.
Expansion of the industrial infrastructure in the form of factories, power plants, and warehouses has fueled the demand for steel grating walkways, propelling the growth of the market. In addition, the implementation of stringent standards for workers’ safety has obligated the installation of walkways in industries, which augments the development of the market. The adoption of smart technology and automation into the manufacturing procedures of steel grating walkways is trending in recent times. Manufacturers are notably integrating 3D printing, computer numerical control, and smart sensors to streamline production and minimize errors.
However, the high production costs increase the overall prices of steel grating walkways, compelling the usage of comparatively inexpensive alternatives such as wood or concrete in budget-sensitive projects. On the contrary, as the importance of recycling & circular economy is gaining traction among manufacturers and consumers, the steel grating walkways market is poised to witness lucrative opportunities in coming years. According to the statistics of the Bureau of Internal Revenue, around 630 million tons of recycled steel is used every year in global steel production. This prevents approximately 950 million tons of carbon emission, along with saving energy and preserving natural resources. Therefore, the high recyclability of steel is poised to open new avenues for the steel grating walkways market.
Segment ReviewThe steel grating walkways market is segmented into material type, fabrication, surface type, and region. On the basis of material type, the market is divided into carbon steel grating, stainless steel grating, and mild steel grating. Depending on fabrication, it is classified into welded steel grating, swage locked grating, press locked grating, riveted grating, and close mesh steel grating. As per surface type, it is bifurcated into serrated steel grating and plain steel grating. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of material type, the carbon steel grating segment acquired a high stake in the market in 2023.
Depending on fabrication, the welded steel grating segment dominated the market in 2023.
As per surface type, the serrated steel grating segment was the highest shareholder in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global steel grating walkways market include Alabama Metal Industries Corporation, IKG, Interstate Gratings LLC, Lionweld Kennedy Flooring Limited, Lichtgitter GmbH, Marco Specialty Steel Inc, Meiser GmbH, Nucor Corporation, Ohio Gratings Inc, and P&R Metals Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy Material TypeCarbon Steel Grating
Stainless Steel Grating
Mild Steel Grating
By FabricationWelded Steel Grating
Swage Locked Grating
Press Locked Grating
Riveted Grating
Close Mesh Steel Grating
By Surface TypeSerrated Steel Grating
Plain Steel Grating
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersAlabama Metal Industries Corporation
IKG
Interstate Gratings LLC
Lionweld Kennedy Flooring Limited
Lichtgitter GmbH
Marco Specialty Steel Inc
Meiser GmbH
Nucor Corporation
Ohio Gratings Inc
P&R Metals Inc