The steel grating walkways global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Steel Grating Walkways Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The steel grating walkways market size has grown steadily in recent years. It will grow from $177.24 billion in 2023 to $184.90 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to the expansion of industrial infrastructure, increased focus on workplace safety, urbanization leading to more construction projects, growth in demand for corrosion-resistant materials, regulatory compliance requirements, and the rise of offshore oil and gas exploration activities.
The steel grating walkways market size is expected to see steady growth in the next few years. It will grow to $219.87 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing industrialization, growing infrastructure development, stringent safety regulations, rising demand for durable materials, expanding construction projects, and increasing investments in public utilities. Major trends in the forecast period include the adoption of composite materials, the development of smart grating systems, advancements in customizable and modular grating systems, advancements in the manufacturing process, and the adoption of digital twin technology.
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Scope Of Steel Grating Walkways Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Steel Grating Walkways Market Overview
Market Drivers –
The industrial expansion is expected to propel the growth of the steel grating walkway market going forward. Industrial expansion is driven by the need to meet growing demand, enhance economic growth, and improve competitive advantage through increased production capacity and technological advancements. Steel grating walkways are used in industry for safe and durable access platforms, walkways, and maintenance areas due to their strength, slip resistance, and drainage capabilities. For instance, in July 2024, according to the Federal Reserve Board, a US-based banking organization, industrial production increased from 101.5 in January 2024 to 104.0 in June 2024, indicating a growth in industrial output over this period. Therefore, the industrial expansion is driving the growth of the steel grating walkway market.
The steel grating walkways market covered in this report is segmented –
1) By Material Type: Carbon Steel Grating, Stainless Steel Grating, Mild Steel Grating
2) By Fabrication: Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Riveted Grating, Close Mesh Steel Grating
3) By Surface Type: Serrated Steel Grating, Plain Steel Grating
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Regional Insights –
Asia-Pacific was the largest region in the steel grating walkways market in 2023. The regions covered in the steel grating walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the steel grating walkways market are Nucor Corporation, Eaton Corporation plc, Valmont Industries Inc., Hill & Smith PLC, McNichols Co., Farwest Steel Corporation, Ohio Gratings Inc., Walker Forge Inc., Grating Pacific Inc., Metalex, Triple-S Steel Holdings Inc., Interstate Gratings LLC, Weldlok, Gebrüder MEISER GmbH, Lichtgitter GmbH, Marco Specialty Steel Inc., Screen Systems (Wire Workers) Limited, Gitterwerk M. Schulz GmbH & Co. KG, Alabama Metal Industries Corporation, P&R Metals Inc., Indiana Gratings Inc., Ningbo Lihongyuan Steel Grating Co. Ltd., Lionweld Kennedy Flooring Ltd.
Table of Contents
1. Executive Summary
2. Steel Grating Walkways Market Report Structure
3. Steel Grating Walkways Market Trends And Strategies
4. Steel Grating Walkways Market – Macro Economic Scenario
5. Steel Grating Walkways Market Size And Growth
…..
27. Steel Grating Walkways Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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