Light Gauge Steel Framing Market size is expected to reach USD 48.21 billion by 2028
Light Gauge Steel Framing Industry Overview The global light gauge steel framing market size was valued at USD 33.89 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028. A rise in construction-related activities in developing as well as developed nations is estimated to drive the overall market growth over the forecast period. Several housing schemes implemented by the governments of developing nations, such as India and China, are also expected to support the global market growth over the next eight years. In addition, various innovations, in terms of technology, have led to the development of products with improved strength, stability, and safety. Over the coming years, these products are estimated to have increased scope of application in the commercial, industrial, and residential sectors owing to the improved strength of framing material, facilitating their use in the construction of buildings with more...