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Light Gauge Steel Framing Market 2023 - SWOT Analysis, Market Size, Definition, Share, Growth, Technology And Forecasts To 2032
Light Gauge Steel Framing Global Market
Light Gauge Steel Framing Market Size, Growth Rate, And Forecast
The global light gauge steel framing market size grew from $34.46 billion in 2022 to $36.45 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The light gauge steel framing market size is expected to grow to $45.56 billion in 2027 at a CAGR of 5.7%.
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Light Gauge Steel Framing Market Drivers
The rising construction activities are expected to drive the growth of the light gauge steel framing market. Cold-formed steel is widely used as the principal construction material in the light gauge steel frame for roofs, floors, walls, roof panels, decks, and the complete structures of buildings. The rapid growth in construction is expected to boost the utilization of light gauge steel framing, as these are an essential part of construction activities.
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Light Gauge Steel Framing Market Segments
1) By Type: Skeleton, Wall Bearing, Long Span
2) By End-Use: Commercial, Residential, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Light Gauge Steel Framing market.
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Light Gauge Steel Framing Market Key Players
Major competitors in the Light Gauge Steel Framing market include Hadley Industries, Clarkwestern Dietrich Building Systems, Metek PLC., Intelligent Steel Solutions Ltd., FRAMECAD Ltd
The Table Of Content For The Light Gauge Steel Framing Market Include:
1. Executive Summary
2. Light Gauge Steel Framing Market Characteristics
3. Light Gauge Steel Framing Market Trends And Strategies
4. Light Gauge Steel Framing Market - Macro Economic Scenario
5. Light Gauge Steel Framing Market Size And Growth
……
27. Light Gauge Steel Framing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Light Gauge Steel Framing Market
29. Light Gauge Steel Framing Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Light Gauge Steel Framing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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