Light Gauge Steel Framing Market [2028] - Share, Trends & Forecast
The Global Light Gauge Steel Framing Market has valued at USD 31.56 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.78% through 2028. The Global Light Gauge Steel Framing (LGSF) Market is experiencing robust growth, driven by a confluence of factors that are reshaping the construction industry worldwide. LGSF is a versatile and innovative building solution that utilizes cold-formed steel to create durable and efficient structural frameworks for various construction applications. Key factors driving the market's expansion include: Sustainable Construction : Sustainability has become a focal point in construction, and LGSF aligns perfectly with this trend. Steel is a recyclable material, and LGSF systems generate minimal waste during construction. As environmental concerns grow, builders are increasingly turning to LGSF for its eco-friendly attributes. Speed and Efficiency : LGSF systems are renowned for t...