Steel Grating Market Opportunities and Global Analysis to 2027
The steel grating market was valued at US$ 77,486.52 million in 2019 and is projected to reach US$ 1,38,699.88million by 2027; it is expected to grow at a CAGR of 7.6% from 2020 to 2027.
Steel grating is an open grid assembly of metal bars, which is extensively used in multiple applications owing to its low maintenance requirements and corrosion resistance. Steel gratings have a substantial load-bearing capacity and hence are used in flooring applications. The wide range of steel grating applications include manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, and walkways. Rapid industrialization in emerging countries such as India, China, Brazil, and Japan as well as growing spending on infrastructure development by governments provide lucrative growth opportunities to the steel grating market players. In 2019, Asia Pacific contributed the largest share to the global steel grating market. The market growth in this region is primarily attributed to upsurge in the middle-class population, coupled with growth in urbanization. The rising demand for steel grating in Asia Pacific has attracted the manufacturers to establish their operations in the region.
The US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries in terms of COVID-19 cases and reported deaths as of March 2021. COVID-19 has affected various industries in the world due to lockdowns, travel bans, and business shutdowns. The manufacturing industry is suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns due of this outbreak. The lockdown of various plants and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. In addition, global travel bans imposed by countries in Europe, Asia, and North America are affecting business collaborations and partnership opportunities. These factors are negatively impacting the manufacturing of medical, defense, and electronic goods. The disruptions in manufacturing activities are limiting the growth of the steel grating market.
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Steel Grating Market: Strategic Insights
Steel Grating Market
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CAGR (2019 - 2027)
7.6%
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Market Size 2019
US$ 77.49 Billion
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Market Size 2027
US$ 138.7 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Alabama Metal Industries Corporation
- Grating Pacific
- Interstate Gratings
- Kraty Mostostal Krak w SP Z O O
- Lichtgitter GmbH
- Lionweld Kennedy Flooring Ltd
- Polimex Mostostal SA
- Gebr der MEISER GmbH
- Nucor Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Material Type
- Stainless Steel Grating
- Carbon Steel Grating
- Aluminum Steel Grating
Surface Type
- Plain Steel Grating and Serrated Steel Grating
Application
- Stair Treads
- Walkways
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Steel Grating Market: Strategic Insights
-
CAGR (2019 - 2027)7.6% -
Market Size 2019
US$ 77.49 Billion -
Market Size 2027
US$ 138.7 Billion
Market Dynamics
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Key Players
- Alabama Metal Industries Corporation
- Grating Pacific
- Interstate Gratings
- Kraty Mostostal Krak w SP Z O O
- Lichtgitter GmbH
- Lionweld Kennedy Flooring Ltd
- Polimex Mostostal SA
- Gebr der MEISER GmbH
- Nucor Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Stainless Steel Grating
- Carbon Steel Grating
- Aluminum Steel Grating
- Plain Steel Grating and Serrated Steel Grating
- Stair Treads
- Walkways
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Widening Application Range of Steel Gratings
Steel gratings are extensively used in the building platforms, stair treads, drainage covers, walkways, and trench covers in industrial environments. Owing to a substantial load-bearing capacity, they are used in flooring applications. These gratings are slip-resistant as well as easy to install and maintain. Steel gratings have extensive use in the building and construction industry. Platform steel gratings are the new building materials that are primarily being used in the construction of boilers and power plants, as well as in shipbuilding, chemicals, and petrochemicals industries, among others. Increase in population and continuous advancements in industries such as construction have positively impacted steel grating market. Steel grating is widely used in the manufacturing of automobile parts as well as in stair treads and handrails in numerous industries; moreover, the grating exhibits low maintenance needs. Thus, the wide application of steel grating in industries such as building and construction, automobiles, and oil & gas is the key factor fueling the steel grating market growth.
Material Type Insights
Based on material type, the steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. The stainless steel grating segment led the market with the largest share in 2019. Stainless steel has good stiffness, strength, durability, and wear and corrosion resistance properties. It is used as one of the key constituents in industrial machinery and electronics, wherein high wear and corrosion resistance is a key consideration. Stainless steel grating is called as industrial-grade bar grating. Furthermore, different stainless steel grades are normally available for stainless steel grating, with more common grades being less expensive. Increasing use of stainless steel grating in chemical processing, water treatment, food processing, oil and gas producing, and outdoor industries supports the stainless steel grating market growth.
Surface Type Insights
Based on surface type, the steel grating market is segmented into plain steel grating and serrated steel grating. The plain steel grating segment led the market in 2019. Plain steel grating is made from aluminum steel bars, carbon steel bars, and stainless steel bars. Plain steel grating can be divided into different types such as welded plain steel grating, swage-locked plain steel grating, press-locked plain steel grating, and riveted plain steel grating. It is also called smooth surface grating, which is the most extensively used type of grating in almost all applications.
Application Insights
Based on application, global steel grating market is segmented into stair treads, walkways, platforms, security fence, drainage covers, trench covers, and others. The stair treads segment led the global steel grating market in 2019. Stair treads usually constitute low-carbon steel, aluminum steel, and stainless steel gratings. They are built to have excellent chemical stability and hence can be used in corrosive and harsh environments. Stair treads are available for both industrial and commercial applications, and can be installed in factories or parks for permanent or temporary use. Different types of steel grating-based stair treads include press-locked stair treads, welded stair treads, swage-locked stair treads, and riveted stair treads. The features such as easy installation, good ventilation, slip and corrosion resistance, low maintenance cost, and high strength and load carrying capacity are leading to the growth of the market for stair tread segment.
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 steel grating market. These companies offer their products in multiple countries in the world, which helps them to serve a wider customer base. They are highly focused on the development of high-quality and innovative products. The steel grating market players are highly involved in strategies such as mergers and acquisitions, and product launches. For Instance, in 2020, Lichtgitter announced its plans to expand its production area of its facility in Houston (Texas, US) by building additional offices, with an ultimate goal to increase the production capacity.
Steel Grating Market Report Scope
Report Attribute | Details |
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Market size in 2019 | US$ 77.49 Billion |
Market Size by 2027 | US$ 138.7 Billion |
Global CAGR (2019 - 2027) | 7.6% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Material Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Spotlights
- Progressive industry trends in the global steel grating market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the steel grating market from 2017 to 2027
- Estimation of the demand for steel grating across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario and demand for steel gratings
- Market trends and outlook along with factors driving and restraining the growth of the steel grating market
- Understanding on strategies that underpin commercial interest in steel grating market growth, enabling the decision-making process
- Steel grating market size at various nodes of market
- Detailed overview and segmentation of the steel grating market as well as its industry dynamics
- Size of market in various regions with promising growth opportunities
Steel Grating Market, by Material Type
- Stainless Steel Grating
- Carbon Steel Grating
- Aluminum Steel Grating
Steel Grating Market, by Surface Type
- Plain Steel Grating
- Serrated Steel Grating
Steel Grating Market, by Application
- Stair Treads
- Walkways
- Platforms
- Security Fence
- Drainage Covers
- Trench Covers
- Others
Company Profiles
- 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
- Marco Specialty Steel, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type , Surface Type , and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Stainless steel has good stiffness, wear, and corrosion resistance properties. Stainless steel is widely used steel grating materials. The stainless steel components that are employed in stainless steel grating possess high wear & corrosion stability. Stainless Steel is mainly applied to industrial machinery, electronics, and the industry, where good wear and corrosion resistance are essential. Stainless steel grating is called as industrial-grade bar grating and is strong, durable, and corrosive resistant for all load-bearing applications. It is majorly used for pedestrian and light vehicle traffic. Furthermore, different stainless steel grades are normally available for stainless steel grating, with lower costs for more common grades. Increasing use of stainless steel grating in chemical processing, water treatment, food processing, oil and gas producing, and outdoor industries is expected to drive the stainless steel grating segment growth.
The major players operating in the global steel grating market are 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; Marco Specialty Steel, Inc. and among others.
In 2019, Asia Pacific held the largest share of the global steel grating market. The Asia Pacific encompasses a massive amount of opportunities for the growth of steel grating. The region has surfaced as one of the prominent markets for the utilization of steel grating. China are India are the major contributors for the market. The rising demand for steel grating in the Asia Pacific region has attracted the manufacturers to establish their presence in the region that has further fueled the demand for the steel grating market in the Asia Pacific. This shift has fueled the growth of the market in the region.
The List of Companies - Global Steel Grating Market
- 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
- Marco Specialty Steel, Inc.