According to a new report published by Allied Market Research, titled, “U.S. Steel Grating Market: Opportunity Analysis and Industry Forecast, 2020–2027,”
Developments in technologies such as high load capacity and increased demand for steel grating in end-use industries drive the US steel grating market. However, the carbon emissions during the production of steel grating and its lightweight nature hinder the demand for FRP grating with market growth. On the contrary, setting up of new manufacturing facilities is expected to create lucrative opportunities for the market players in future.
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COVID-19 Scenario:
- Due to the outbreak of COVID-19, there has been a significant decline in the production activities of the end use industries. Due to the disrupted supply chain, the demand for steel grating has decreased.
- The production of steel grating has decreased due to prolonged lockdown and labor shortage in various sectors.
The US steel grating market is segmented on the basis of material type, surface type, construction, application, end use industry, and geography. On the basis of material type, the market has been segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. The carbon steel grating segment had the largest share in 2019, accounting for nearly three-quarters of the market share. However, the Stainless-Steel Grating segment is expected to register the highest CAGR of 5.8% during the forecast period.
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On the basis of surface type, the market has been classified into plain steel grating and serrated steel grating. The Serrated Steel Grating segment is estimated to show the highest CAGR of 3.8% during the forecast period. Moreover, the segment had the largest share in 2019, contributing more than three-fifths of the market.
On the basis of fabrication, the market is segmented into Welded Steel Grating, Suez Lock Grating, Press Locked Grating, Riveted Grating, and Close Mesh Steel Grating. The welded steel grating segment dominated the market in 2019, accounting for more than a third of the market. However, the Close Mesh Steel Grating segment is expected to register the highest CAGR of 5.3% during the forecast period.
The US steel grating market is analyzed in different regions such as New England, Mid-Atlantic, South, Mid-West, Southwest and West. Southwest accounted for the lion’s share of the market in 2019, accounting for nearly one-quarter of the market. However, the entire West market is projected to reveal the highest CAGR of 4.6% during the forecast period.
The US Steel Grating market report includes an in-depth analysis of major market players such as Eaton Corporation, Grating Pacific Inc., Farwest Steel Corporation, Interstate Gratings LLC, IKG, Indiana Gratings Inc., Nucor Corporation, McNicholas Company Inc. , Lichtgitter GmbH, P&R Metals, and Valmont Industries Inc.
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