Light Gauge Steel Framing Market Size Worth $48.21 Billion By 2028
Light Gauge Steel Framing Industry Overview The global light gauge steel framing market size is expected to reach USD 48.21 billion by 2028, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The development of advanced materials with capabilities that offer safety as well as strong structural support will augment the market growth over the forecast years. The Covid-19 pandemic has had a significant impact on the market in 2020. Several manufacturing companies reported a notable drop in their revenues for Q1 and Q2 of the year 2020. However, the market witnessed growth in the latter part of Q3 and the beginning of Q4 of 2020. Key players in the market emphasize more on expanding their market presence through mergers and acquisitions. Light Gauge Steel Framing Market Segmentation Grand View Research has segmented the global light gauge steel framing market on the basis of type, end-use, and region: Based on the Ty...