Light Gauge Steel Framing Market Size, Share, Growth Factors, Top Leaders, Future Trends, Historical Analysis by 2025 Light Gauge Steel Framing Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global Light Gauge Steel Framing Market size is estimated to be worth USD 43.65 billion by 2025, according to a new report by Million Insights, accounting for a CAGR of 4.7% from 2017 to 2025. The growth can be attributed to the deployment of innovative instruments with properties that provide safety and strength as structural support. These framings offer easy installation and less completion time for the project due to the prefabricated structures. The aforementioned factors are expected to stimulate market growth in the near future. The major parameter likely to stimulate the industry is the need to reduce production costs incurred in the construction of the building. This is expected to lead to the deployment of enhanced instruments and manufacturing activities thereby, driving the use of light gauge steel frames globally. The commercial sector is likely to observe substantial growth in demand by 2025 due to the higher strength of frame material that increases its application in buildings with three or more floors.
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Various government schemes for infrastructural development have resulted in a surge in construction of commercial buildings globally which has further supported the light gauge steel framing market growth. Emerging countries such as India and China are witnessing considerable rise in construction projects, which, in turn, offers a lucrative opportunity for the market players to invest in.