What Has Been Light Gauge Steel Framing Market in Recent Years?
The light gauge steel framing market has seen considerable growth due to a variety of factors.
• In recent years, a consistent growth has been observed in the market size of light gauge steel framing. The market, which was valued at $35.27 billion in 2024, is predicted to rise to $36.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 2.7%.
Factors such as industrialization and urbanization, trends in housing markets, regulatory modifications and standards, economic cycles and developments in the construction industry, as well as consumer predilections and aesthetics have contributed to this historical growth.
How Will the Light Gauge Steel Framing Market Size Evolve over the Forecast Period?
The light gauge steel framing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for light gauge steel framing is projected to experience consistent expansion in the coming years, with a forecast to reach $42.68 billion in 2029, indicating a compound annual growth rate (CAGR) of 4.2%.
This predicted growth during the forecast period can be credited to factors such as partnerships within the industry and the advancement of standards, increased urbanization and population, changes in construction methods, and the use of prefabricated and modular construction. The forecast period is also expected to see major trend shifts including the availability of skilled labor, the shift towards sustainable construction, the rise in urbanization, energy efficiency standards, and an uptick in modular and prefabricated construction.
What Are The Leading Drivers Of Growth In The Light Gauge Steel Framing Market?
The escalation in construction endeavors is anticipated to catalyze the expansion of the light gauge steel framing market. Cold-formed steel, predominantly utilized as the main building material in the light gauge steel frame for components such as roofs, floors, walls, roof panels, decks, and the entire structures of edifices. The accelerated expansion in construction is projected to enhance the usage of light gauge steel framing, since they are a crucial element of construction tasks. For example, The United States Census Bureau, a US-based government establishment, disclosed that the aggregate expenditure on construction for the initial eight months of 2023 amounted to $1327 billion. This figure surged by 7.6% in 2024, hitting $1428.5 billion. Consequently, a growth in construction ventures is forecasted to invigorate demand for light gauge steel framing within the predicted period.
What Key Areas Define The Segmentation Of The Global Light Gauge Steel Framing Market?
The light gauge steel framing market covered in this report is segmented –
1) By Type: Skeleton, Wall Bearing, Long Span
2) By End-Use: Commercial, Residential, Industrial
Subsegments:
1) By Skeleton: Steel Frame Construction, Concrete Frame Construction, Hybrid Frame Construction, Pre-Engineered Structures
2) By Wall Bearing: Load-Bearing Masonry Walls, Concrete Block Walls, Brick Walls, Structural Insulated Panels (SIPs)
3) By Long Span: Truss Structures, Precast Concrete Beams, Cable-Stayed Structures, Space Frames, Rigid Frame Structures
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How Are Emerging Trends Reshaping The Dynamics Of The Light Gauge Steel Framing Market?
Emerging advancements in technology are becoming increasingly influential in the light gauge steel framing market. This trend of technological innovation sees the creation of new products utilizing cutting-edge technologies, such as modular light gauge steel solutions. These solutions come with enhanced features like adjustment in dimensions, various design alternatives, and more. Such technological upgrades allow companies to produce superior products with extra benefits and extend their consumer base. For example, in January 2022, CRATE Modular Inc., a US-based modular construction component manufacturer, introduced a novel light gauge steel solution based on a cold-formed steel procedure. This unique methodology offers flexible dimensions and supplementary design options. By incorporating this new cold-formed steel technique, CRATE has expanded its capacity to provide more innovative solutions to its clientele.
Who Are the Key Players in the Light Gauge Steel Framing Market?
Major companies operating in the light gauge steel framing market include:
• ArcelorMittal S.A.
• HONGLU STEEL STRUCTURE
• Jinggong Steel
• ZHEJIANG SOUTHEAST SPACE FRAME Co LTD.
• Clarkwestern Dietrich Building Systems Ltd.
• China State Construction Engineering Corporation Ltd.
• Precision Walls Inc.
• HangXiao Steel Structure Co Ltd.
• SCAFFO Steel Stud Company
• QSI Interiors Ltd.
• MRI Steel Framing LLC
• Super Stud Building Products Inc.
• Quail Run Building Materials Inc.
• Genesis Manazil Steel Framing LLC
• 8 Diamonds Steel Framing Ltd.
• Arkitech Advanced Construction Technologies
• CEMCO-California Expanded Metal Products Inc.
• Craco Metal Supply Inc.
• DCM Metal Corp
• E PACK Prefabricated Buildings Co Ltd.
• FRAMECAD Ltd.
• Hadley Industries Ltd.
• Intelligent Steel Solutions Ltd.
• Metek plc
• Nakayama Mitsubishi Steel Co Ltd.
• Steel Frame Solutions LLC
• Tata BlueScope Steel Limited
• The Steel Network Inc.
• WARE Industries Inc.
What Is The Most Dominant Region In The Light Gauge Steel Framing Market?
Asia-Pacific was the largest region in the light gauge steel framing market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the light gauge steel framing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
