Light Gauge Steel Framing System Market Size- By Product Type, By Building System, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Light Gauge Steel Framing System Market Introduction and Overview
According to SPER market research, ‘Light Gauge Steel Framing System Market Size– By Product Type, By Building System, By End-User, By Deployment- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Light Gauge Steel Framing System Market is predicted to reach 67.53 billion by 2033 with a CAGR of 5.38%.
The primary component of the Light Gauge Steel Framing (LGSF) or Light Gauge Framing System (LGFS) construction technology is cold-formed steel. These are constructed of an alloy of zinc and aluminium, or they are zinc-coated to prevent corrosion. In steel construction and building technology, these systems serve as primary and secondary structures. Buildings as a whole, decks, roof panels, floor plans, wall plans, and roof systems can all profit from LGFS.
At the height of the pandemic, the real estate and construction sectors’ slower rate of expenditure growth and the decline in demand for residential and commercial space combined to cause a gradual increase in light gauge framing items. Nonetheless, emergency infrastructure for COVID-19 patients, including makeshift hospitals, immunization facilities, and assisted housing, was constructed utilizing light gauge steel framework.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product Type, By Building System, By End-User
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredArkitech Advanced Construction Technologies, Tata BlueScope Steel, CEMCO, ClarkDietrich Building Systems, Hadley Group, Genesis Manazil Steel Framing, Precision Walls Inc., QSI Interiors Ltd., Metek U.K. Limited.
Global Light Gauge Steel Framing System Market Segmentation:By Product Type:Based on the Product Type, Global Light Gauge Steel Framing System Market is segmented as; Skeleton steel framing, Wall bearing steel framing, Long span steel framing, Others.
By Building System: Based on the Building System, Global Light Gauge Steel Framing System Market is segmented as; Load-Bearing Systems, Non-Load-Bearing Systems, Others.
By End-User: Based on the End-User, Global Light Gauge Steel Framing System Market is segmented as; Commercial, Residential, Others.