Steel Grating Market Size, Share, Industry Demand, Price Trends and Forecast 2022-2027
by George Poter Market Analyst
IMARC Group’s latest research report, titled “Global Steel Grating Market Size, Share, Growth, Industry Trends, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global steel grating market reached a value of US$ 191.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 254.0 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027.
Steel gratings or bar gratings are open grid assemblies of metal bars that hold heavy loads with minimal weight. They offer durability, sustainability, corrosion resistance, low maintenance, anti-deformation, high tensile strength, ventilation, penetrative and dismantling properties. As a result, they are extensively used in stair treads, fencing, floors, mezzanines, workshops, motor rooms, trolley channels, boilers, and heavy equipment areas. Moreover, steel gratings also find extensive applications in residential and commercial spaces due to their availability in powder-coated carbon, galvanized, and stainless-steel variants.
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Important Attribute and highlights of the Report:
§ Detailed analysis of the global market share
§ Market Segmentation by material type, fabrication, surface type, application, end use industry and region.
§ Historical, current, and projected size of the market in terms of volume and value
§ Latest industry trends and developments
§ Competitive Landscape for Steel Grating Market
§ Strategies of major players and product offerings
The market is primarily driven by the rising product adoption in the construction of platforms, walkways, drainage, and trench covers. In addition, the increasing utilization of steel grating in food processing, oil and gas, electric power, pharmaceuticals, chemical, steel, and civil engineering industries for its physical properties, such as high bearing capacity, cost-effectiveness, and durability, represents another major growth-inducing factor. Besides this, governments of developing economies are significantly investing in infrastructure development to build walkways for pedestrians, physically challenged, old age people, and children to walk freely and safely on roads and gardens. Moreover, the increasing deployment of steel gratings in wastewater treatment plants to resist corrosive and high-moisture environments is propelling market growth. Apart from this, nowadays, key players are providing several customizations such as accessories and fabrications of grating products to users, which is also providing a positive thrust to the market growth.
Key Players Included in Global Research Report:
- Alabama Metal Industries Corporation (Gibraltar Industries Inc.)
- Interstate Gratings LLC
- Lionweld Kennedy Flooring Limited (Hill & Smith Holdings)
- Lichtgitter GmbH
- Marco Specialty Steel Inc.
- Meiser GmbH
- Nucor Corporation
- Ohio Gratings Inc.
- P&R Metals Inc.
- Sinosteel Corporation
- Valmont Industries Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by Material Type:
- Carbon Steel Grating
- Stainless Steel Grating
- Mild Steel Grating
Breakup by Fabrication:
- Welded Steel Grating
- Swage Locked Grating
- Press Locked Grating
- Riveted Grating
- Close Mesh Steel Grating
Breakup by Surface Type:
- Serrated Steel Grating
- Plain Steel Grating
Breakup by Application:
- Stair Treads
- Security Fence
- Drainage Covers
- Trench Covers
Breakup by End Use Industry:
- Oil and Gas
- Food Processing
- Civil Engineering
- Wastewater Treatment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Steel Grating Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Steel Grating Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Created on Sep 5th 2022 05:59. Viewed 110 times.