As per Future Market Insights, the light gauge framing system market is anticipated to attain a value pool of US$ 36 billion by 2023-end. Global demand for light gauge framing systems is expected to rise at a CAGR of 4.9% to US$ 58 billion in 2033.
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| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 36 billion |
| Projected Market Value in 2033 | US$ 58 billion |
| Growth Rate (2023 to 2033) | 4.9% CAGR |
According to research estimates, the Light Gauge Framing System market is projected to grow steadily across regions, expanding at approximately 4% CAGR over the 2021 to 2031 forecast period.
To address the needs of end-users, major manufacturers throughout the world are focusing on providing cost-effective light gauge steel framing solutions to the building and construction sectors.
These systems are modern technologies that are designed for the construction of prefabricated buildings, to ensure maximum utility space and non-requirement of complex building foundations.
These systems can be easily erected on shallow foundations and the flooring systems can be designed easily based on loading parameters.
These systems act as primary as well as secondary structures in steel construction and building technologies.
They can be either used as individual framing members or entire systems for roofs, floors, walls, and buildings, in place of the conventional RCC structures. Since these structures are made from the lightweight material, they have less probability of failure during earthquakes.
Some of the other advantages that light gauge framing systems offer is easy transportation and handling of the system from one place to another, quick and easy construction which can be performed by both skilled as well as unskilled labor, lower cost of construction, environment-friendly material hence a sustainable building technology considering future environmental impact and simplified structural alignment.
There are several advantages that are offered by the usage of light gauge systems. Increased spans, modular entry points, contoured walls, and various external precast treatments have all been made possible thanks to the flexibility and strength of light gauge steel frames. Because of these characteristics, it has become a versatile building material.
To provide long-term corrosion protection, the elements of these frame members are galvanized with zinc, aluminum, or a combination of the two.
Especially for mid-rise wall and floor system packages, light gauge systems meet the needs and expectations of individual projects.
This technology uses considerably fewer components in order to maintain the building's structure as low as feasible in order to maximize profits. This expedited procedure is ideal for housing projects that require a large number of units.
Light gauge framing systems are perfect for housing projects with specific delivery needs owing to the light but sturdy construction of all components.
Since the structural and nonstructural parts of the steel framing are manufactured in the factory, it reduces project site work, reduces waste, and improves building quality.
These structures are becoming increasingly popular in a variety of commercial and industrial settings across Europe.
Structures are getting more effective at resisting the effects of seismic loads and, as a result, earthquakes.
The adoption of strict government legislation and regulations governing the use of modern civil engineering techniques in the building sector has boosted the European market's growth.
These frames are produced from 60% recycled steel, which is commonly utilized in roofing, modular building design, and infill walling.
It appeals to users since it is pollution-free and serves as a source of raw materials for green construction technology. The market in the United Kingdom, Germany, France, and Italy is likely to rise as a result of this.
Due to the growing urbanization and significant infrastructure advancements in countries like Japan, India, and China, demand for light gauge steel framing in numerous manufacturing, industrial, public community, housing & residential, and commercial building construction has increased at a rapid pace, owing to high versatility and economic viability.
Buildings, shopping malls, schools, hospitals, and workplaces all make use of these light steel frameworks.
Increased government and private sector investment in construction activity has been projected to be important driving factors in the global industry in recent years.
These factors will propel the growth of the Light Gauge Framing System market in the region of Asia-Pacific.
Some of the leading manufacturers and suppliers include
Manufacturers are providing various solutions to the building community adhering to various requirements by architectural, engineering, and construction professionals that will help them to optimize every aspect of the building along with a sustainable design. Most suppliers are aiming to provide 2D volumetric structural steel frames for multi-storied buildings, being their primary target audience.
The manufacturers combine capabilities of different software and machine control systems to arrive at high-volume manufactured products.
New trends in using recyclable materials for construction is a step towards sustainability adopted by suppliers.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Light Gauge Framing System Market
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