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According to the latest report by IMARC Group, "Global Steel Grating Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global steel grating market reached a value of US$ 191.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 254.0 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027.
A steel grating, also called bar grating, refers to an open grid assembly of metal bars that hold heavy loads with minimal weight. Some of the commonly available variants include powder-coated carbon, stainless, galvanized, etc. Furthermore, steel gratings offer several benefits, such as durability, sustainability, high tensile strength, ease of cleaning, ventilation and penetration of light, fixation and dismantling, etc. As a result, steel gratings are extensively utilized across various sectors, including oil and gas, food processing, mining, pharmaceutical, chemical, etc.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Steel Grating Market Trends and Drivers:
The inflating need for wastewater treatment plants to withstand corrosive and high-moisture environments is primarily driving the steel grating market. Additionally, the widespread product adoption in drilling platforms to explore offshore oil and natural gas resources, owing to its high bearing capacity and explosion-proof properties, is further stimulating the market growth.
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Besides this, the increasing utilization of steel grating in mezzanines, floors, stair treads, fencing, heavy equipment areas, and maintenance platforms of workshops, factories, motor rooms, trolley channels, boilers, etc., is acting as another significant growth-inducing factor.
Moreover, the growing number of tracks for pedestrian, physically challenged, and geriatric populations to walk freely and safely on roads is also propelling the product demand across countries. Apart from this, the rising investments by government bodies in infrastructural development are anticipated to fuel the steel grating market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Steel Grating Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alabama Metal Industries Corporation (Gibraltar Industries Inc.), IKG, Interstate Gratings LLC, Lionweld Kennedy Flooring Limited (Hill & Smith Holdings), Lichtgitter GmbH, Marco Specialty Steel Inc., Meiser GmbH, Nucor Corporation, Ohio Gratings Inc., P&R Metals Inc., Sinosteel Corporation and Valmont Industries Inc.
The report has segmented the market on the basis of region, product type, chemical composition, manufacturing process and application.
Breakup by Material Type:
Carbon Steel Grating
Stainless Steel Grating
Mild Steel Grating
Breakup by Fabrication:
Welded Steel Grating
Swage Locked Grating
Press Locked Grating
Riveted Grating
Close Mesh Steel Grating
Breakup by Surface Type:
Serrated Steel Grating
Plain Steel Grating
Breakup by Application:
Walkways
Stair Treads
Platforms
Security Fence
Drainage Covers
Trench Covers
Others
Breakup by End Use Industry:
Oil and Gas
Food Processing
Pharmaceuticals
Cement
Chemical
Mining
Marine
Civil Engineering
Wastewater Treatment
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
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Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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