Light Gauge Steel Framing Market Size Is Anticipated To Reach USD 52.73 Billion By 2030
San Francisco, 29 April 2024: The Report Light Gauge Steel Framing Market Size, Share & Trends Analysis Report By Type (Skeleton Steel Framing, Wall Bearing Steel Framing), By End-use (Commercial, Residential), By Region, And Segment Forecasts, 2023 - 2030 The global light gauge steel framing market size is anticipated to reach USD 52.73 billion by 2030, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. The substantial rise in construction spending and a shift in the trend toward sustainable materials have contributed to higher energy efficiency at a lower cost, which in turn is driving the demand for light gauge steel frames. Rapid urbanization coupled with the rising disposable income in developed and emerging economies such as China, India, Brazil, and Southeast Asian countries, among others, is anticipated to drive the construction of residential buildings, industries, and commercial spaces in these nations, stimula