According to Future Market Insights, the market for light gauge framing systems is projected to reach a value pool of US$36 billion by 2023’s end. Light gauge framing systems are anticipated to see a 4.9% CAGR worldwide demand growth to reach US$ 58 billion in 2033.
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.
How Light Gauge Framing Systems Provide Value to Building Technologies
These systems are modern technologies which are designed for construction of pre-fabricated 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 light weight material, they have less probability of failure during earthquakes.
Ready to make informed decisions for your business? Get our market overview sample and discover growth opportunities today
https://www.futuremarketinsights.com/reports/sample/rep-gb-13889
Some of the other advantages which 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.
Which Factors are Driving the Sales of Light Gauge Framing System
There are several advantages which 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.
Europe Market Overview
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.
Asia-Pacific Demand Potential
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.
Who are the Key Manufacturers and Suppliers of Light Gauge Framing System
Some of the leading manufacturers and suppliers include
- Frame Factory Sp. z o.o.
- MGI Infra Pvt. Ltd.
- Arkeo System
- Sigmat UK
- PSE Consulting Engineers Inc.
- Bradbury Group
- Fasco America
- Pioner Group
- Paramount Metal Systems
- Interarch Buildings
- Xiamen Yumi New Material Technology Co. Ltd
- Hadley Group and ArcelorMittal S.A.
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 assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic 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.
Seize this Opportunity for Detailed Market Intel: Purchase Now to Access Comprehensive Segmented Information, Identify Key Trends, Drivers, and Challenges
https://www.futuremarketinsights.com/checkout/13889
Light Gauge Framing System Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
By Product Type:
- Roofing System
- Walling System
- Flooring System
- Steel Decking System
- Steel Framing System
- Pre-fabricated System
- Others
By Location Type:
- Interior Construction
- Exterior Construction
By End-Use Application:
- Commercial Buildings
- Industrial Buildings
- Residential Buildings
- Others
By Application Type:
- Single storied Buildings
- Multi-storied Buildings
- Individual Houses
By Region:
- North America
- The USA
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- The United Kingdom
- Spain
- BENELUX
- NORDICS
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia and the Pacific
- India
- ASIAN
- Oceania
- Rest of South Asia and the Pacific
- Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa
- Rest of MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
