Light-gauge steel framing pertains to wall systems crafted from cold-formed steel. Such frames are utilized in wall structures, rooftops, flooring, and even for constructing entire buildings. Light-gauge steel framing’s strengths lie in its lightness, ease of transport, cost-effectiveness in construction, and its durable nature.

Categorizing the global light-gauge steel framing market:

• Types: Skeleton, Wall Bearing, Long Span

• Applications: Commercial, Residential, Industrial

There are three primary kinds of light-gauge steel framing: skeleton, wall bearing, and long span. A significant component, the bearing wall, often referred to as the load-bearing or structural wall, bears a building's entire weight. This vital structure distributes the building's weight from its topmost point to the foundation and removing it might result in the building's collapse. Light-gauge steel framing is used in commercial, residential, and industrial construction.

The global light-gauge steel framing market is anticipated to grow 5.8% to $36.45 billion in 2023, up from $34.46 billion in 2022. By 2027, projections suggest that the global light-gauge steel framing market might reach an impressive $45.56 billion, growing at a CAGR of 5.7%. A surge in construction activities is expected to be a significant growth driver for the light-gauge steel framing market.

Innovations in light-gauge steel framing include the introduction of cutting-edge products like modular steel solutions, boasting features such as design versatility and adaptable dimensions. Embracing these innovations enables enterprises to present superior products with added advantages, enhancing their market presence and clientele base.

Source:

Light Gauge Steel Framing Global Market Report 2023-By Type (Skeleton, Wall Bearing, Long Span), By End Use (Commercial, Residential, Industrial) – Market Size, Trends, And Global Forecast 2023-2032. By The Business Research Company.