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Steel Grating Market Size ($138.7 Bn by 2028) Lead by Automated Compounding Devices (7.6% CAGR) COVID Impact, and Global Analysis & Forecast by The Insight Partners

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News provided by

The Insight Partners

25 Oct, 2021, 11:30 GMT

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PUNE, India, Oct. 25, 2021 /PRNewswire/ -- According to our new research study on "Steel Grating Market to 2027 – Global Analysis and Forecast – by Material Type, Surface Type, Application, and Geography," the market is projected to grow from US$ 77.49 billion in 2019 to US$ $138.7 Bn by 2027; it is expected to grow at a CAGR of 7.6% during 2020–2027.

Report Coverage

Details

Market Size Value in

US$ 77,486.52 Million in 2019

Market Size Value by

US$ 1,38,699.88 Million by 2027

Growth rate

CAGR of 7.6% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

177

No. Tables

83

No. of Charts & Figures

83

Historical data available

Yes

Segments covered

Material Type, Surface Type, and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Get Exclusive Sample Pages of Steel Grating Market at https://www.theinsightpartners.com/sample/TIPRE00018586/

In 2019, Europe held a significant share of the global steel grating market. Europe comprises developing economies such as Germany, France, the UK, Russia, and Italy. Promising growth of industries such as aerospace, automotive, and medical supports the steel grating market growth in the region. These gratings find major applications in industrial, residential and non-residential construction, and civil engineering applications.

Increasing Demand from Oil & Gas Industry

Steel gratings are lightweight platforms exhibiting anti-corrosion properties and superior bearing capacities. They are slip-resistant and explosion-proof, which makes them highly suitable for the oil & gas sector. Thus, the steel grating platforms are extensively used in the drilling operations in the exploration of offshore oil and natural gas resources. Besides, they are used in docks, ramps, platforms, crossover platforms, trench covers, security fences, catwalks, flooring, and machine guards in the oil & gas sector. Safety is a crucial factor in this sector. Apart from the oil & gas sector, the steel gratings are being used as platforms, floors, and walkways in the mining industry, power plants, commercial buildings, and roads and railway construction.

Impact of COVID-19 on Steel Grating Market

The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The discontinuation of operations of various plants and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa has affected the global supply chains as well as disturbed manufacturing processes, delivery schedules, and chemicals and material sales. The manufacturing sector is suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. Emerging economies experienced the major impact of the COVID-19 pandemic due to strict lockdown measures, decreasing demand and prices of raw materials, and revenue drop in wide range of industries. Despite this, steel demand is expected to bounce back in these economies in early 2021.

Download the Latest COVID-19 Analysis on Steel Grating Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00018586/

Steel Grating Market: Segmental Overview

Based on material type, the steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. The market for the carbon-steel grating is is expected to grow at the highest CAGR of 8.3% during 2020–2027. Carbon steel gratings are the most extensively used construction and flooring materials in several industries. Light-duty carbon steel gratings are used in applications such as walkways, carts, dollies, and hand trucks. Based on surface type, the steel grating market is segmented into plain steel grating and serrated steel grating. The plain steel grating segment dominated the market in 2019, with approximately two-thirds of the market share. Based on application, the steel grating market is segmented into stair treads, walkways, platforms, security fence, drainage covers, trench covers, and others. The platforms segment accounts for a significant share in the market. Platform steel gratings find applications in parking lots, power plants, factories, waste treatment plants, wherein there are used in building the operating or parking places. The characteristics such as durability, low maintenance cost, corrosion resistance, and rust resistance drive the demand for steel grating platforms.

Steel Grating Market: Competitive Landscape and Key Developments

Alabama Metal Industries Corporation; Grating Pacific; Interstate Gratings; Kraty Mostostal Kraków SP. Z O.O.; Lichtgitter GmbH; Lionweld Kennedy Flooring Ltd; Polimex-Mostostal SA; Gebrüder MEISER GmbH; Nucor Corporation; Ohio Gratings Inc.; P&R Metals, Inc.; Roto B.V.; Valmont Industries, Inc.; Indiana Gratings Inc; and Marco Specialty Steel, Inc. are among the major players operating in the global steel grating market. The key market players are focused on strategies such as mergers and acquisitions and research and development to expand their geographic reach and consumer base. For Instance, in February 2021, Staco brand from Roto B.V. received slip resistance class 13 certification from IFA for its R13 for the SP grate type.

Order a Copy of Steel Grating Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00018586/

Browse Related Reports and get Sample copy

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Third Party Manufacturing Logistics Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Inbound Logistics, Outbound logistics); Application (Warehousing and Fulfillment, Transportation and Distribution, Consulting and Management); End-Use Industry (Automotive, Steel and Metal, Construction, Consumer Electronics, Machinery, Aerospace, Oil and Gas, Others) and Geography - https://www.theinsightpartners.com/sample/TIPRE00011689/

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com 
Phone: +1-646-491-9876
More Research: https://www.openpr.com/news/archive/139407/The-Insight-Partners.html

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg

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