North America Light Gauge Steel Framing Market

North America Light Gauge Steel Framing Market Size, Share & Industry Trends Analysis Report By Type (Wall Bearing, Skeleton, and Long Span), By End Use, By Country, Historical Data and Growth Forecast, 2021 - 2027

Report Id: KBV-7601 Publication Date: February-2022 Number of Pages: 44
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Market Report Description

The North America Light Gauge Steel Framing Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027).

In today's world of rapid change and decreasing resources, it is more crucial than ever to use resources wisely and work with the most environmentally friendly technologies. Construction of critical infrastructure while keeping an eye on the environment and working under a tight deadline highlighted the need for unorthodox and unique construction methods that are also effective.

Due to the improved strength of frame material, these products are expected to have a wider range of applications in the industrial, commercial, and residential sectors in the next years, allowing them to be used in the construction of structures with more than three floors.

Owing to the pre-fabricated structures, building projects that employ light gauge steel framing take less time to complete than those that use concrete or wood as structural support. As a result, product demand is expected to increase throughout the projection period. One of the primary reasons driving market is the desire to reduce the manufacturing costs associated with building construction.

The US market dominated the North America Light Gauge Steel Framing Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,230.9 million by 2027. The Canada market is expected to witness a CAGR of 6.1% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 5.2% during (2021 - 2027).

Based on Type, the market is segmented into Wall Bearing, Skeleton, and Long Span. Based on End Use, the market is segmented into Residential, Industrial, and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Light Gauge Steel Framing Market is Estimated to reach $42.8 Billion by 2027, at a CAGR of 4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SCAFCO Steel Stud Company, The Steel Network, Inc., WARE Industries, Inc., Precision, Walls, Inc., Hadley Industries Holdings Ltd., FRAMECAD Limited, CRACO Manufacturing, Inc., and California Expanded Metal Products Co.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Wall Bearing
  • Skeleton
  • Long Span

By End Use

  • Residential
  • Industrial
  • Commercial

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • SCAFCO Steel Stud Company
  • The Steel Network, Inc.
  • WARE Industries, Inc.
  • Precision, Walls, Inc.
  • Hadley Industries Holdings Ltd.
  • FRAMECAD Limited
  • CRACO Manufacturing, Inc.
  • California Expanded Metal Products Co.
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