Steel Grating Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Steel Grating Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • January 2033
  • Materials
  • 0 pages

Report Description

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Steel grating is a regular shaped assortment of similar, elongated, and parallel elements. It usually comprises one set of extended elements. However, it can also contain two sets, wherein the subsequent set is commonly set vertically to the first. Vertical placement of these two sets is also called grid or a mesh. Steel gratings are primarily employed in power generation plants, buildings, and factories, as they offer ease of movement and safety; are robust, strong, reliable, and durable; and possess high tensile strength when compared to fiber grating and aluminum. The usage of steel grating depends on the load that it needs to bear. It is extensively implemented in numerous applications, owing to its many benefits such as corrosion resistance and low maintenance requirement. Steel grating is used for stair treads, manhole covers, and handrails in various industries.

The global steel grating market is expected to expand at a substantial pace in the near future primarily due to the technological advancements and increase in applications in end-use industries. Furthermore, expansion of the construction sector, especially in Asia Pacific, is anticipated to drive the steel grating market during the forecast period. High investments are being made in various countries such as China, India, Brazil, Mexico, and Indonesia for infrastructure development and industrial growth. This is anticipated to propel the demand for steel grating in the near future. Emission of carbon during the production of steel grating is a key factor expected to hamper the steel grating market. However, this factor is likely to be offset by the increase in demand for steel grids or mess in industrial and construction sectors.

The steel grating market can be segmented based on type, application, and region. In terms of type, the market can be divided into stainless steel grating, carbon steel grating, and mild steel grating. Based on application, the market can be classified into construction, sewage disposal, petrochemical, and others. In terms of region, the steel grating market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of consumption, North America dominated the global steel grating market in 2016. It was followed by Europe. This can be primarily ascribed to the large number of end-user industries in North America and Europe. However, the market in North America and Europe is projected to expand at a sluggish pace during the forecast period, as these regions are relatively mature markets. The market for steel grating in Asia Pacific is anticipated to expand at a significant pace in the near future owing to the presence of growing economics such as China and India, and high demand from key markets such as South Korea and Japan. Furthermore, technical advancements from OEMs coupled with rise in industrialization in the region offer lucrative opportunities for the steel grating market in Asia Pacific. The market in Latin America and Middle East & Africa is estimated to exhibit strong growth during the forecast period.

Key players operating in the market include AMICO Group of Companies, Meiser GmbH, Nucor, P&R Metals Inc., Valmont Industries, Inc., Yantai Xinke Steel Structure Co., Ltd., Harsco Industrial IKG, NJMM Inc., Xinxing Ductile Iron Pipes, Ohio Gratings, Marco Specialty, and Lionweld Kennedy.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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