Technology Research Reports Light Gauge Steel Framing Market

Light Gauge Steel Framing Market Analysis, Size, Growth,
Share & Forecast to 2025 | Grand View Research Inc.
“Light Gauge Steel Framing Market Size Worth $43.65 Billion By 2025”
The global light gauge steel framing market size is expected to reach USD 43.65 billion by 2025, according to a new
report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.7% over the forecast period. This growth is
ascribed to development of advanced materials with capabilities that offer safety as well as strong structural support.
Light gauge steel framing provides ease of installation and reduce cumulative project completion period owing to its pre-
fabricated structures. This factor is anticipated to further drive market growth considerably over the next few years.
Key factor expected to drive the market is the need to lower production costs involved in building construction. This
need is projected to result in development of refined materials and manufacturing processes, ultimately boosting
adoption of light gauge steel frames across the globe. The commercial segment is expected to witness significant rise in
demand over the forecast period, owing to improved strength of frame material that makes it suitable in the
construction of buildings with more than three floors.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/light-gauge-steel-framing-
market
Further key findings from the report suggest:
• Skeleton steel framing is expected to witness around 5% CAGR over the forecast period owing to
benefits offered by these structures. However, in 2016, wall bearing framing structures captured
the highest market revenue share
•
Several government initiatives for infrastructure development have led to an increase in
construction of commercial properties across the globe, which has subsequently contributed to
market growth
Follow Us: