Light Gauge Steel Framing for Construction Market, Global Outlook and Forecast 2024-2030
The global Light Gauge Steel Framing market size was valued at US$ 3.89 billion in 2024 and is projected to reach US$ 5.67 billion by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.
The United States Light Gauge Steel Framing market size was valued at US$ 1.12 billion in 2024 and is projected to reach US$ 1.58 billion by 2030, at a CAGR of 5.9% during the forecast period 2024-2030.
Light Gauge Steel Framing is a construction system using thin steel sections for building structures, offering durability and design flexibility.
The global market is growing steadily, driven by residential construction and prefabrication trends. In 2023, consumption reached 4.5 million tons, with residential construction accounting for 55% of demand. The market saw a 25% increase in prefabricated system adoption in 2023. Load-bearing frames dominate with a 65% market share, while non-load bearing applications are growing at 8% annually. North America leads with a 40% market share, while Asia Pacific is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing automated fabrication, with a 30% growth in R&D investments for efficiency improvements.
Report Overview
Light gauge steel framing for construction can be used for roof systems, floor systems, wall systems, roof panels, decks, or the entire buildings. They can also be used as individual framing members such as studs, joists, headers, and truss members. Light Steel Frame members can also serve as both primary structures and secondary structures.
This report provides a deep insight into the global Light Gauge Steel Framing for Construction market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Light Gauge Steel Framing for Construction Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Light Gauge Steel Framing for Construction market in any manner.
Global Light Gauge Steel Framing for Construction Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
JINGGONG STEEL
China Construction Steel Structure Corp.
Honglu Steel Structure
Nakayama Mitsuboshi Steel
Steel Frame Solutions
Hangxiao Steel Structure
Dongnan Wangjia
Hadley Group
Fuhuang Steel Structure
Zhejiang Zhongnan Construction Group Steel Structure
Aegis Metal Framing
Metek Plc
Guangzheng Group
MBA Building Supplies
Steel Construction Systems
Market Segmentation (by Type)
H-shaped
C-shaped
Others
Market Segmentation (by Application)
Residential
Commercial
Geographic Segmentation
