Light Gauge Steel Framing Demand

Market Size & Trends

The global light gauge steel framing market size was valued at USD 36.01 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. A remarkable rise in construction activities in developed as well as developing nations is estimated to drive the demand for light gauge steel framing. Implementation of several housing schemes by the governments of several developing nations, such as India and China, is also expected to support the global market growth over the forecast years. Several housing schemes implemented by the Indian government and state governments include Pradhan Mantri Awas Yojana (PMAY) (Urban), Pradhan Mantri Gramin Awas Yojana, Maharashtra Housing and Area Development Authority Lottery Scheme, and Delhi Development Authority Housing Scheme