Market Introduction
The North America steel grating market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The North American region constitutes developed economies such as US, Canada and Mexico as a developing nation. To cater to the market's rapid growth, the manufacturers are investing huge amounts in research and development activities to create an improved and advanced application portfolio of steel grating in the North American region. This further provides a huge market growth opportunity for the key players operating in the North American countries such as the US, Canada, and Mexico. The consumers in the region are focusing on using advanced form of steel gratings. All these factors are expected to boost the market for steel gratings in the North American region in the near future.
Market Overview and Dynamics
The steel grating market in North America is expected to grow from US$ 11,496.27 Mn in 2019 to US$ 19,695.38 Mn by 2027; it is estimated to grow at a CAGR of 7.0 % from 2020 to 2027. Steel grating drilling platform with characteristics such as lightweight, anti-rust, huge bearing capacity, non-slip and explosion-proof is highly suitable for the ocean as it lessen the chance of accidents. Thus, to explore and exploit offshore oil and natural gas resources, the steel grating drilling platform is extensively used in the drilling platform. Besides, oil & gas industry uses steel grating for numerous applications, including docks, ramps, platforms, crossover platforms, trench covers, security fences, catwalks, flooring, and machine guards. Safety is a crucial factor within the oil & gas sector. The steel grating meets high strength, anti-slip, and anti-corrosion features, and it is extensively used as platforms, floors, and walkways in the oil, mining, and gas industry, power plants and commercial buildings, roads, and rails.
Key Market Segments
In terms of material type, the stainless steel grating segment accounted for the largest share of the North America steel grating market in 2019. In terms of surface type, the plain steel grating segment held a larger market share of the North America steel grating market in 2019. In terms of application, the stair treads segment held a larger market share of the North America steel grating market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America steel grating market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Alabama Metal Industries Corporation, Grating Pacific, Interstate Gratings, LLC, Kraty Mostostal Kraków SP. Z O.O, Lichtgitter GmbH, Gebrüder MEISER GmbH, Nucor Corporation, Ohio Gratings Inc., P&R Metals, Inc., Valmont Industries, Inc., Indiana Gratings Inc. and Marco Specialty Steel, Inc.
Reasons to buy report
NORTH AMERICA STEEL GRATING MARKET SEGMENTATION
By Material Type
By Surface Type
By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 11,496.27 Million |
| Market Size by 2027 | US$ 19,695.38 Million |
| CAGR (2020 - 2027) | 7.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Steel Grating Market is valued at US$ 11,496.27 Million in 2019, it is projected to reach US$ 19,695.38 Million by 2027.
As per our report North America Steel Grating Market, the market size is valued at US$ 11,496.27 Million in 2019, projecting it to reach US$ 19,695.38 Million by 2027. This translates to a CAGR of approximately 7.0 % during the forecast period.
The North America Steel Grating Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Steel Grating Market report:
The North America Steel Grating Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Steel Grating Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Steel Grating Market value chain can benefit from the information contained in a comprehensive market report.
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