Press release
Leading Companies Fortifying Their Standing in the Steel Grating Walkways Market
Steel Grating Walkways Market
Projected Market Size of the Steel Grating Walkways Industry by 2030
The market for steel grating walkways is forecasted to grow steadily, reaching a value of $238.55 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 4.2%. Factors contributing to this growth include the increasing use of fiberglass-reinforced plastic (FRP) and lightweight grating materials, the widespread adoption of automated fabrication processes, and the integration of smart monitoring systems. Additionally, the rise in outdoor walkway applications and advancements in corrosion-resistant grating technologies support the market's upward trajectory. Key trends shaping the industry include enhanced automated steel grating fabrication, implementation of smart safety monitoring tools, the use of high-performance corrosion-resistant materials, innovative slip-resistant grating designs, and the development of connected industrial walkways.
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Leading Companies Dominating the Steel Grating Walkways Market
Prominent players in the steel grating walkways sector include a diverse group of manufacturers and suppliers such as Nucor Corporation, Valmont Industries Inc., Hill & Smith PLC, McNichols Co., Farwest Steel Corporation, Ohio Gratings Inc., Grating Pacific Inc., Metalex, Triple-S Steel Holdings Inc., Interstate Gratings LLC, Weldlok, Gebrüder MEISER GmbH, Lichtgitter GmbH, Marco Specialty Steel Inc., Screen Systems (Wire Workers) Limited, Gitterwerk M. Schulz GmbH & Co. KG, Alabama Metal Industries Corporation, P&R Metals Inc., Indiana Gratings Inc., Ningbo Lihongyuan Steel Grating Co. Ltd., and Lionweld Kennedy Flooring Ltd.
In a recent development in March 2024, Meiser International GmbH from Germany and Dubai Transport Company LLC of the UAE jointly acquired IKG, a US-based steel grating walkways provider, for an undisclosed sum. This acquisition strengthens the combined market presence and broadens the product range for both companies. Leveraging IKG's brand reputation and industry experience enhances their competitive position and operational capabilities on a global scale.
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Market Segmentation and Forecast in the Global Steel Grating Walkways Industry
This report outlines the steel grating walkways market through several key segments:
1) Material Type: Carbon Steel Grating, Stainless Steel Grating, Mild Steel Grating
2) Fabrication Method: Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Riveted Grating, Close Mesh Steel Grating
3) Surface Type: Serrated Steel Grating, Plain Steel Grating
Further subcategories provide a detailed breakdown:
- Carbon Steel Grating includes welded, press-locked, riveted, and serrated variants.
- Stainless Steel Grating covers welded, press-locked, heavy-duty, and custom-fabricated types.
- Mild Steel Grating features hot-dip galvanized, painted, anti-slip surface, and industrial application-specific options.
These classifications offer an in-depth view of the product diversity and help identify specific areas driving market growth.
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