South Korea Light Gauge Steel Framing Market Size & Outlook
South Korea light gauge steel framing market, 2017-2030 (US$M)
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South Korea light gauge steel framing market highlights
- The South Korea light gauge steel framing market generated a revenue of USD 1,641.6 million in 2023 and is expected to reach USD 2,347.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, wall bearing steel framing was the largest revenue generating type in 2023.
- Skeleton steel framing is the most lucrative type segment registering the fastest growth during the forecast period.
Light gauge steel framing market data book summary
| Market revenue in 2023 | USD 1,641.6 million |
| Market revenue in 2030 | USD 2,347.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Wall bearing steel framing |
| Fastest growing segment | Skeleton steel framing |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skeleton steel framing, Wall bearing steel framing, Long span steel framing |
| Key market players worldwide | Arkitech, Tata BlueScope Steel, ClarkDietrich Building Systems, Hadley Group, QSI Interiors, Steel Frame Solutions, The Steel Network, CEMCO, Genesis Manazil, Precision Walls, Inc., Metek |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.4% of the global light gauge steel framing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China light gauge steel framing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,217.0 million by 2030.
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Light Gauge Steel Framing Market Scope
Light Gauge Steel Framing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea light gauge steel framing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to light gauge steel framing market will help companies and investors design strategic landscapes.
Wall bearing steel framing was the largest segment with a revenue share of 46.9% in 2023. Horizon Databook has segmented the South Korea light gauge steel framing market based on skeleton steel framing, wall bearing steel framing, long span steel framing covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea light gauge steel framing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea light gauge steel framing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea light gauge steel framing market size, by type, 2017-2030 (US$M)
South Korea Light Gauge Steel Framing Market Outlook Share, 2023 & 2030 (US$M)
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