Press release
The Global and Europe Steel Grating Market is likely to boost due to the growing demand from end-use industries, rise in applications and technological innovations.
The Global steel grating market size was valued at USD 175 billion in 2019 and projected to reach USD 200 billion by 2027, growing at a CAGR of approx. 2% during the forecast period, 2020-2027. It is due to the surge in demand for steel grating in a wide range of applications, including oil & gas, marine & ship, bridge, trench grating, wastewater treatment, stair treads, and platforms. Further, the increasing applications of steel grating technological advancements and the use of steel grating in flooring applications due to load-bearing capacity will augment the growth of the global and Europe steel grating market in the forecast periods. Additionally, the demand from residential construction and non-building construction is expected to foster global market growth. Steel grating has promising features, including reliability, durability, and strong tensile strength, and has significant application in end-use industries. With the increase in population and rising, industrialization & urbanization will bolster the growth of Global and Europe steel grating market share in the coming years. Moreover, the government's intervention for improving construction infrastructure and several government initiatives to promote green buildings will stimulate the market share. Furthermore, the growing public and private investment in infrastructure development projects will accelerate the growth of the global and Europe steel grating market.For Free Sample request: https://www.shingetsuresearch.com/sample-enquiry-form/
Type Overview in the Global and Europe Steel Grating Market
Based on the type, the global and Europe steel grating market is segregated into stainless steel grating, carbon steel grating, and aluminum steel grating. The stainless steel grating segment is estimated to witness the highest growth over the analysis timeframe. It is owing to the high adoption of stainless steel in food processing, water treatment, chemical processing, oil and gas producing, and outdoor industries. Besides, stainless steel has strength, durability, good stiffness and corrosion resistance properties and highly used in industrial machinery & electronics.
Fabrication Overview in the Global and Europe Steel Grating Market
Based on the fabrication, the global and Europe steel grating market is categorized into welded steel grating, swage steel grating, press locked grating, riveted grating, and close mesh steel grating. The welded steel grating segment held for a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the high utilization in construction industry and Industrial drainage channels. Also, the welded steel is used for the manufacturing of drainage cover.
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Surface Type Overview in the Global and Europe Steel Grating Market
Based on the surface type, the global and Europe steel grating market is categorized into plain steel grating and serrated steel grating. The plain steel grating segment held for a significant market share in 2019 and will gain maximum market revenue by 2027. Plain steel grating with firm structure and smooth surface is widely used in industrial and commercial applications as trench cover and stair treads.
Application Overview in the Global and Europe Steel Grating Market
Based on the application, the global and Europe steel grating market is classified into stair tread, walkways, security fence, platforms, drainage covers, trench covers, and others. The stair tread segment is expected to be the highest revenue share for steel grating during the forecast period. It is due to the stair treads are widely used in industrial and commercial applications, and can be installed in parks or factories for temporary or permanent use. In addition, stair tread can be easily installed and has good ventilation, high strength, corrosion resistance, and excellent load carrying capacity, which drives growth of the market.
End-User Overview in the Global and Europe Steel Grating Market
Based on the end-user, the global and Europe steel grating market segmented into food processing, pharma, cement, steel, chemical, paper making, oil and gas, electric power, mining, marine, wastewater treatment, civil engineering, and others. The oil and gas segment will dominate the global and Europe steel grating market by 2027. It is due to the increase in offshore oil & gas exploration activities by major oil-producing companies. Besides, oil and gas industry conditions are harsh that requires materials with high-strength and corrosion-resistant properties like stainless steel, which are ideal for these environments.
Region Overview in the Global and Europe Steel Grating Market
By geography, the global and Europe steel grating market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Germany segment is projected to dominate the steel grating market during the forecasted period of 2020-2027 due to expansion of construction sector, rise in industrialization and presence of key players in the country.
Global and Europe Steel Grating Market: Competitive Landscape
Companies such as Lichtgitter GmbH, Meiser GmbH, Polimex-Mostostal SA, Kraty Mostostal Kraków SP. Z O.O., Lionweld Kennedy Group, and Roto B.V are the key players in the global and Europe steel grating market.
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