Insights from Future Market Research
The research documents by MRFR indicate that the Metal Grating Market Research Report Information by Product Type, Region, End-User, and Material Type – Forecast Till 2032, the Metal Grating Market is predicted to grow substantially over the assessment timeframe from 2022 to 2032 at a healthy CAGR of around 7%. The reports even share predictions regarding the market’s growing revenue share, which will likely reach USD 1.19 Billion by the end of 2032. As per the reports, the market was worth nearly USD 0.65 Billion in 2022.
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Regional Analysis:
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World.
The research documents by MRFR indicate that The North American Region secured the leading position across the global Metal Grating industry in 2021. The region has Mexico, Canada, and the U.S. as the leading development contributors. Further, the U.S. Metal Grating Market held the largest market share, and Canada was the fastest-growing North American Region. The main aspect supporting regional market expansion is the enhanced commercial and residential building construction utilization across the region. Furthermore, the rising use of metal grading in staircases, railroads, and other construction building projects is also considered to be one of the vital parameters enhancing the development of the regional market.
The European Region anticipates ensuring the second spot across the global Metal Grating industry over the coming years. The region has France, Germany, and the U.K. as the leading development contributors. Further, the German Metal Grating Market held the largest market share, and the U.K. was the fastest-growing Market in Europe. The main aspect supporting regional market expansion is the growth of wastewater treatment plants. Furthermore, the growth of the chemical sector is also considered to be one of the vital parameters enhancing the development of the regional market.
The Asia-pacific Region is anticipated to grow at the highest pace across the global Metal Grating industry over the coming years. The regional market is projected to showcase the maximum growth rate over the assessment era. India, China, and Indonesia are the leading development contributors in the region. Further, the China Metal Grating Market held the largest market share, and India was the fastest-growing market in the Asia-pacific Region. The main aspect supporting regional market expansion is the substantial need for metal grating in the region’s oil & gas, chemical processing, and electric power generation sectors.
Market Segmentation:
Among all the product types, the Bar grating segment secured the leading position across the global market for Metal Grating in 2022 with the largest contribution of nearly 57% worth USD 0.4 billion. The main parameter supporting the market segment’s growth is the high strength-to-weight ratio and spacing ratio among neighboring bars. Due to these characteristics, bar grating is highly used in fire exits, security fences and barriers, bridges, caravan beds, ventilation, and roadway drains.
Among all the material types, the carbon steel category secured the leading position across the global market for Metal Grating in 2022 with the largest contribution of nearly 35%, worth USD 0.2 billion. The main parameter supporting the market segment’s growth is the growing utilization of carbon steel grating, given its durability in corrosive environments and excellent durability against wear.
Among all the end-use industries, the water & wastewater treatment industry secured the leading position across the global market for Metal Grating in 2022 with the largest contribution of nearly 37.9% worth USD 0.25 billion. The main parameter supporting the market segment’s growth is the physical features, such as exceptional stiffness and resistance to corrosion.
Key Players:
The catalog of the top leaders across the global Market for Metal Grating includes players such as: Amico, Ningbo Jiulong Machinery, Harsco Corporation, Manufacturing Co Ltd, Saint-Gobain, Ohio Gratings Inc, Interstate Gratings, P&R Metals Inc, Lionweld Kennedy Flooring Ltd, Valmont Industries Inc,
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