Global Steel Grating Market growing at a CAGR of 3.7% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the steel grating market is predicted to grow at a compound annual growth rate of 3.7% from 2023 to 2030 and is expected to reach USD 242.16 million in 2030 which was valued at USD 182.14 million in 2022.
The report highlights the increasing adoption of steel grating in the various end-use industries, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the steel grating market.
Global Steel Grating Market By Overview
The steel grating market is bifurcated into material type, product type fabrication, application, and end-use industry. Based on the material type, the market is segmented into Stainless Steel Grating, Carbon Steel Grating, Aluminum Steel Grating, and Others. In 2022, the carbon steel grating segment accounted for the highest market share in the steel grating market. The product type segment is categorized into plain steel grating, and serrated steel grating. In 2022, the serrated steel grating segment accounted for the highest market share in the steel grating market. The fabrication segment is categorized into welded steel grating, press locked grating, riveted grating, close mesh steel grating, swage locked grating, and others. In 2022, the welded steel grating segment accounted for the highest market share in the steel grating market. Based on application the market is segmented into stair treads, security fence, drainage covers, walkaways, platforms, trench covers, and others. In 2022, the walkaways panel segment dominates the overall steel grating market. The end-use industry segment is categorized into chemical industry, food industry, oil & gas, water treatment plants, petrochemicals, pharmaceutical industry, marine and others. In 2022, the oil & gas segment accounted for the highest market share in the Steel Grating market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand from various end user industries is benefiting the market growth.
- Significant growth in the construction industry is boosting the growth of the market.
Restraints:
- The availability of substitutes for Steel Grating is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Material Type | Stainless Steel Grating, Carbon Steel Grating, Aluminum Steel Grating, and Others |
| By Product Type | Plain Steel Grating, and Serrated Steel Grating |
| By Fabrication | Welded Steel Grating, Press Locked Grating, Riveted Grating, Close Mesh Steel Grating, Swage Locked Grating, and Others |
| By Application | Stair Treads, Security Fence, Drainage Covers, Walkaways, Platforms, Trench Covers, and Others |
| By End-use Industry | Chemical Industry, Food Industry, Oil & Gas, Water Treatment Plants, Petrochemicals, Pharmaceutical Industry, Marine and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Nucor Corporation, Ohio Gratings and Lionweld Kennedy which has a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the steel grating market is expected to witness substantial growth in the coming years due to the Significant growth in industrialization in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Alabama Metal Industries
- Lionweld Kennedy
- Marco Specialty
- Meiser GmbH
- NJMM Inc
- Nucor Corporation
- Ohio Gratings
- P&R Metals, Inc.
- Sinosteel Corporation
- Valmont Industries, Inc.
