According to a research report published by Spherical Insights & Consulting, the Global Steel Framing Market Size is Expected to Grow from USD 35.03 Billion in 2023 to USD 58.12 Billion by 2033, Growing at a CAGR of 5.19% during the forecast period 2023-2033.

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A “skeleton frame” composed of vertical steel columns and horizontal I-beams placed in a rectangular grid is used in the steel frame construction method to support a building’s floors, walls, and roofs. The skyscraper’s construction was made possible by the development of this method. The market for steel framing, a major segment of the global construction industry, is being driven in large part by the growing demand for durable and sustainable building solutions. Throughout both commercial and residential construction projects, steel framing is increasingly the material of choice due to its strength, adaptability, and environmentally favorable qualities. The growing need to minimize carbon footprints and the emphasis on energy-efficient buildings are two major factors propelling this industry. The steel frame is crucial to accomplishing these objectives since it can be recycled and uses less energy in production. However, a significant initial investment is a barrier to the market. The infrastructure, technology, and gear required to produce steel frames are becoming increasingly expensive. This initial investment is further increased by the expense of training staff to operate the equipment and integrate new technology. The market is constrained by this high cost, which discourages new competitors.

Browse key industry insights spread across 230 pages with 100 Market data tables and figures & charts from the report on the Global Steel Framing Market Size, Share, and COVID-19 Impact Analysis, By Type (Skeleton Framing, Wall Bearing, and Long Span), By Application (Floors, Roofs, Walls, Metro Stations, Stadiums, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The skeleton framing segment is predicted to hold the largest market share through the forecast period.                                                                                                                             Based on the type, the steel framing market is classified into skeleton framing, wall bearing, and long span. Among these, the skeleton framing segment is predicted to hold the largest market share through the forecast period. A skeleton frame is a particular kind of framed structure that uses a system of connecting beams and columns to support the upper and lower levels of the building. Additionally, it shifts the entire weight to the foundations. The construction of multi-story buildings often makes use of it. The civil construction is supported by several steel beams and columns. Building interior floor layouts without immovable barriers is made easier by using a skeletal steel framework.

The wall segment is expected to hold the highest market share during the projected timeframe. 

Based on the application, the steel framing market is divided into floors, roofs, walls, metro stations, stadiums, and others. Among these, the wall segment is expected to hold the highest market share during the projected timeframe. Steel frame walls are used as infill in both steel-framed constructions and structural concrete buildings. It is better to use steel frames instead of wood ones because the steel studs are perfectly straight and do not shrink or split. Steel frames are lightweight, insect-resistant, and anti-rot, which makes them easy to store.

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Asia Pacific is estimated to hold the largest share of the steel framing market over the forecast period.

Asia Pacific is estimated to hold the largest share of the steel framing market over the forecast period. The Asia Pacific market is expected to grow significantly in the upcoming years due to the region’s fast industrialization and urbanization, which is fueling the building sector. Numerous infrastructure, commercial, and residential projects are currently under progress in China, which has a thriving building industry. The government’s emphasis on environmentally friendly building methods is anticipated to increase steel framing demand in the upcoming years. There is also a sizable and expanding steel industry in the area, which guarantees a consistent supply of steel for framing purposes. The market is anticipated to be further driven in the upcoming years by the region’s growing investment in new manufacturing technologies, which should improve the quality and efficiency of steel framing production.

Middle East and Africa are predicted to have the highest CAGR growth in the steel framing market over the forecast period. The region’s economy is predicted to prosper by diversifying the country’s revenue streams and shifting away from conventional oil extraction if the federal government contributes more to sectors such as infrastructure, healthcare, and education. The consumer’s increased awareness of timely and economical project completion is driving market expansion.

Major key players in the steel framing market include The Hadley Group, Aegis Metal Framing, The Steel Framing Company, Olmar Supply Inc, Keymark Enterprises LLC, Voestalpine Metsec Plc, Zauba Technologies & Data Services Private Limited., Hadley Group, ClarkDietrich Building Systems, Saint-Gobain S.A., The Stowell Company Inc, Mill Steel Co., REIDsteel, and Others

Recent Developments

• In December 2023, Walther Arms, Inc. announced the release of their newly released polymer frame and their steel frame PDP Match. The PDP Match’s capacity to withstand the most extreme conditions, break performance barriers, and ensure exceptional outcomes is ensured by its precision-machined steel frame.
• In September 2022, Tata Steel Limited’s Board of Directors examined and approved plans for the planned merger of six subsidiaries into the company.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the steel framing market based on the below-mentioned segments:

Global Steel Framing Market, By Type

• Skeleton Framing
• Wall Bearing
• Long Span

Global Steel Framing Market, By Application

• Floors
• Roofs
• Walls
• Metro Stations
• Stadiums
• Others

Global Steel Framing Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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