Posted by Global Steel Grating Market Overview 2023-2028
The global steel grating market size reached US$ 202.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 264.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Steel grating embodies a specialized grid structure, typically composed of steel bars or panels meticulously arranged with precise spacing and an interlocking design. Its open framework facilitates the efficient flow of fluids, debris, and air, making it ideal for platforms, walkways, mezzanines, and catwalks. Offering cost-effectiveness and requiring minimal upkeep, it proves to be an excellent choice for businesses prioritizing durability and structural soundness in their facilities. This grating material forms a robust, load-bearing surface recognized for its heightened strength, stability, and resilience against environmental elements. Functioning as a dependable flooring solution, it provides essential support, safety, and efficient drainage. Its role is pivotal in upholding workplace safety and operational efficiency, making it an indispensable component in various sectors like manufacturing, construction, energy, and transportation on a global scale.
Global Steel Grating Market Trends and Drivers:
Currently, the global market is experiencing a notable upswing, primarily driven by the surge in infrastructure development projects worldwide. Additionally, the expanding transportation networks are fueling a heightened demand for robust and enduring steel grating solutions, further enhancing the market’s outlook. This positive trajectory is augmented by a growing emphasis on workplace safety and adherence to stringent industrial regulations. Moreover, the increasing recognition of slip-resistant, high-strength flooring systems and their role in mitigating accident risks presents attractive growth prospects for industry investors. Furthermore, the market is positively impacted by the escalating need for steel grating, acknowledged for its corrosion resistance and favored for use in demanding environmental conditions. Also noteworthy is the advancement in eco-friendly materials and sustainable production practices in the steel grating sector, aligning with sustainability objectives and bolstering market expansion. Additionally, the market is gaining momentum due to the rising adoption of steel grating in offshore platforms and drilling rigs, attributed to its superior strength.
Global Steel Grating Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Alabama Metal Industries Corporation (Gibraltar Industries Inc.), IKG, 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. etc.
The report segmented the market on the basis of region, material type, fabrication, surface type, application and end use industry.
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:
- Walkways
- Stair Treads
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Others
Breakup by End Use Industry:
- Oil and Gas
- Food Processing
- Pharmaceuticals
- Cement
- Chemical
- Mining
- Marine
- Civil Engineering
- Wastewater Treatment
- Others
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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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