Steel Grating Market is expected to reach US$ 1,38,699.88 million by 2027

by Sameer Joshi or 03-Jun-2021
The scope of our recent study “Steel Grating Market t2027 – COVID-19 Impact and Global Analysis– by Material Type (Stainless Steel Grating, Carbon Steel Grating, and Aluminum Steel Grating), Surface Type (Plain Steel Grating and Serrated Steel Grating), and Application (Stair Treads, Walkways, Platforms, Security Fence, Drainage Covers, Trench Covers, and Others)” includes factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The steel grating market was valued at US$ 77,486.52 million in 2019 and is projected treach US$ 1,38,699.88 million by 2027; it is expected tgrow at a CAGR of 7.6% from 2020 t2027. Steel grating is an open grid assembly of metal bars, which is extensively used in multiple applications owing tits 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. 
Based on material type, the steel grating market is segmented intstainless steel grating, carbon steel grating, and aluminum steel grating. In 2019, the carbon steel grating segment held the largest share of the market. Carbon steel grating is one of the most extensively used construction and flooring materials in industries. Light duty carbon steel gratings are used in applications such as pedestrian traffic and light, rolling traffic such as carts, dollies, and hand trucks. The expanding range of applications of carbon steel grating, mainly due tits high wear resistance and strength, is anticipated tpromote the growth of the market for carbon steel grating segment during the forecast period. 
The global steel grating market is segmented intNorth America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Germany, France, the UK, and Italy are among the major countries in Europe. The region has matured aerospace and medical industries. The trend of using technologically advanced products boosts the demand for steel materials, further supporting the steel grating market growth. Apart from this, the growing demand for steel grating in Europe is attributed tincreasing disposable incomes, growing urbanization, and expanding construction industry. 
Impact of COVID-19 Pandemic on Steel Grating Market
The US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexicare 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 tlockdowns, 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. 
Global Steel Grating Market, by Material Type 
  • Stainless Steel Grating
  • Carbon Steel Grating
  • Aluminum Steel Grating
Global Steel Grating Market, by Surface Type 
  • Plain Steel Grating 
  • Serrated Steel Grating 
Global Steel Grating Market, by Surface Type 
  • Stair Treads
  • Walkways
  • Platforms, Security Fence
  • Drainage Covers
  • Trench Covers
  • Others
Global Steel Grating Market, by Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America
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