Global US Steel Grating Market: Overview
Steel greeting is an open assembly of a regular shaped assortment of parallel, elongated, or similar elements. It consists of one set of extended elements. However, sometimes it also holds two sets, where one set is positioned vertically to the other. Additionally, the vertical placement of both sets is also referred to as mesh or grade. These steel gratings are widely employed in factories, buildings, and power generation plants due to their safety and convenient mode of movement. These gratings hold high tensile strength and are durable, reliable, strong, and robust. It possesses low corrosion resistance and maintenance requirements. Steel gratings of average load-bearing capacity were used in distinct flooring applications. However, a large range of steel grating applications includes walkways, trench cover, drainage cover, platforms, rails, stair treads, and manhole covers.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global US Steel Grating Market: Growth Factors
The US steel grating market is anticipated to surpass $33.2 billion with a healthy CAGR of 3.7% during the forecast period. The market is largely driven by the growing demand from different end-user sectors like civil engineering, wastewater, electric power, oil & gas, steel, chemical, pharmaceutical, and food processing. The significant spike in demand in the region is due to the advantageous physical properties of steel grating like penetration of light, ventilation, dismantling, ease of fixation, skate-proof, high bearing capacity, ease of cleaning, durability, and cost-effectiveness. Also, market players are offering required customization for creating products in terms of load fabrication and accessory requirements. The ongoing technological advancements in technology in the region, like high load capacity, are further likely to contribute towards the growth of the US steel grating market. However, the advancement in technology is also improving the product portfolio of the companies, thereby expanding the marketplace significantly. Additionally, the growing installation of new manufacturing facilities by leading players, particularly engaging in electrical, power, construction, chemical, and steel sectors across the mid-Atlantic and mid-west region across the US, is likely to offer several lucrative growth opportunities in the US steel grating market in the forthcoming years. However, the outbreak of the Covid-19 pandemic has significantly impacted the growth of the US steel grating market as lockdowns were announced and manufacturing units were shut down, but with ease in regulations and improved conditions in the region, which in turn will further offer development in the growth of the market in the forthcoming years.
Global US Steel Grating Market: Segmentation
The US steel grating market can be segmented into surface type, fabrication, end-user, material type, application, and region.
By surface type, the market can be segmented into serrated and plain steel grating.
By fabrication, the market can be segmented into the close, mash, riveted, press locked, sewage locked, and welded lock steel grating.
By end-user industry, the market can be segmented into civil engineering, wastewater treatment, marine, mining, electrical, power, oil & gas, paper making, chemical, steel, cement, pharmaceutical, and food processing sectors.
By material type, the market can be segmented into aluminum steel grating, carbon steel grating, and stainless steel grating. The carbon steel grating segment accounts for the largest share in the global market due to the fast proliferating real estate sector in the region. Also, the growing government initiatives to strengthen the civic system in the region will further drive the growth of the regional market.
By application, the market can be segmented into trench cover, drainage cover, security fence, platforms, walkways, stair treads, and others.
Global US Steel Grating Market: Regional analysis
The US is the leading region in the market globally due to the presence of prominent market leaders in the region. Additionally, the growing investments and increasing research and development activities in the field of steel grating in the region will further stimulate regional growth.
Global US Steel Grating Market: Competitive Players
Some of the significant players in the US steel grating market include Valmont Industries Inc., Lichtgitter GmbH, Nucor Corporation, Mcnichols Co. Inc., Interstate Gratings LLC, Indiana Gratings Inc., P&R Metals, and Grating Pacific Inc., IKG.
Global US Steel Grating Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The US steel grating market is anticipated to surpass $33.2 billion with a healthy CAGR of 3.7% during the forecast period. The market is largely driven by the growing demand from different end-user sectors like civil engineering, wastewater, electric power, oil & gas, steel, chemical, pharmaceutical, and food processing.
Some of the significant players in the US steel grating market include Valmont Industries Inc., Lichtgitter GmbH, Nucor Corporation, Mcnichols Co. Inc., Interstate Gratings LLC, Indiana Gratings Inc., P&R Metals, and Grating Pacific Inc., IKG.
The US is the leading region in the market globally due to the presence of prominent market leaders in the region. Additionally, the growing investments and increasing research and development activities in the field of steel grating in the region will further stimulate regional growth.
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