Light gauge or lightweight (19-25 gauge) steel frames that are used for structures with no axial load or very light lateral loads, such as internal baffles or outer cladding. A major factor driving growth of the global light gauge steel framing market is increasing construction activities across the globe. However, a key factor restraining growth of the global market is fluctuating steel price.
The global light gauge steel framing market is segmented on the basis of type, end-use, and region. On the basis of type, the global market is segmented into skeleton steel framing, wall bearing steel framing, and long span steel framing. The skeleton steel framing segment is expected to witness fastest growth in terms of revenue and is expected to register highest growth in the global market over the forecast period.
On the basis of end-use, the global market is segmented into commercial, residential, and industrial. The residential segment is projected to register highest growth in terms of revenue in the global market in coming years.
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On the basis of region, the global light gauge steel framing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accounts for largest revenue share and is expected to dominate the global market during the forecast period, owing to increasing number of commercial and industrial construction projects in countries such as India, China, etc. in the region. North America light gauge steel framing market accounts for significant share in terms of revenue in the global market.
Key players operating in the global market are Emirates Building System, Icarus LSF, Metek UK Limited, Hadley Industries PLC, Genesis Manazil Steel Framing, QSI Interiors Ltd., ARKITECH ADVANCED CONSTRUCTION TECHNOLOGIES, Stowell Company, Inc., Craco Manufacturing Inc., and Keymark Enterprises.