Market Research Future (MRFR) has published a cooked research report on the “Metal Grating Market” that contains information from 2018 to 2032. The Metal Grating Market is estimated to register a CAGR of 7% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Metal Grating Market — Amico, Harsco Corporation, Saint-Gobain, Interstate Gratings, Lionweld Kennedy Flooring Ltd, Ningbo Jiulong Machinery, Manufacturing Co Ltd, Nucor Corporation, Ohio Gratings Inc, P&R Metals, Inc, Valmont Industries Inc
Metal Grating Market Highlights
The global Metal Grating Market is accounted to register a CAGR of 7% during the forecast period and is estimated to reach USD 1.19 Billion by 2032.
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Segment Analysis
The global Metal Grating Market has been segmented based on Product Type, Material Type, and End-User.
The Metal Grating Market segmentation, based on Product Type, includes Bar Grating and Safety Grating. Bar grating segment dominated the market, accounting for 57% of the market share (USD 0.4 billion) in 2022. This is due mostly to the high ratio of strength to weight and spacing ratio among neighboring bars. Because of these features, bar grating is widely utilized in fire exits, security fences and barriers, grills, bridges, roadway drains, ventilation, and caravan beds.
The Metal Grating Market segmentation, based on Material Type, includes Carbon Steel, Aluminum, Stainless Steel, Galvanized Steel, and Others. The carbon steel category generated the highest revenue of about 35% (USD 0.2 billion) in 2022. The rising use of carbon steel grating is because of its excellent durability against wear and durability when placed in corrosive environments. These materials are often utilized in sectors where chemicals are employed frequently. These are excellent choices for metal grates and commercial steel grating floors. The stainless-steel category is expected to grow steadily during the projected timeframe.
The Metal Grating Market segmentation, based on End-User, includes Water & Wastewater Treatment Industry, Chemical Industry, Oil & Gas, Food Industry, and Others. The water & wastewater treatment industry dominated the market, accounting for 37.9% of the market share (USD 0.25 billion) in 2022. Because of its physical features, such as exceptional stiffness and resistance to corrosion, metal gratings are increasingly being employed for different constructions and designs ranging from pathways to filter grills in water treatment plants. Chemical Industry is expected to grow significantly at the fastest growth rate during the projected timeframe.Regional Analysis
The global Metal Grating Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Metal Grating Market area will dominate this market, owing to increased commercial and residential building construction utilization during the projected timeframe. In addition, the growing utilization of metal grading in railroads, staircases, and other construction building projects will boost market growth in the North American region. Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe region’s Metal Grating Market is expected to grow significantly at the fastest growth rate due to the growth of wastewater treatment plants and the expansion of the chemical sector. Further, the German Metal Grating Market holds the largest market share, and the UK Metal Grating Market is expected to grow and expand rapidly in the European region during the projected timeframe.
The Asia-Pacific Metal Grating Market accounts for the second-highest market share and revenue. This is mostly owing to the substantial need for metal grating in oil & gas, electric power generation, and chemical processing sectors to boost the overall market growth. Moreover, China’s Metal Grating Market dominates the market share, and the Indian Metal Grating Market is expected to grow steadily in the Asia-Pacific region during the projected timeframe.
Key Findings of the Study
- The global Metal Grating Market is expected to reach USD 1.19 Billion by 2032, at a CAGR of 7% during the forecast period.
- The North American Metal Grating Market area will dominate this market, owing to increased commercial and residential building construction utilization during the projected timeframe. In addition, the growing utilization of metal grading in railroads, staircases, and other construction building projects will boost market growth in the North American region.
- Amico, Harsco Corporation, Saint-Gobain, Interstate Gratings, Lionweld Kennedy Flooring Ltd, Ningbo Jiulong Machinery, Manufacturing Co Ltd, Nucor Corporation, Ohio Gratings Inc, P&R Metals, Inc, Valmont Industries Inc
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Companies Covered | 15 |
Pages | 180 |
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