DUBLIN--(BUSINESS WIRE )--The "Steel Grating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global steel grating market reached a value of US$ 191.7 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 254.0 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Steel gratings, also known as bar gratings, are open grid assemblies of metal bars that hold heavy loads with minimal weight. They offer durability, sustainability, high tensile strength, anti-deformation properties, ventilation and penetration of light, and ease of cleaning, fixation and dismantling.
As a result, they are widely used in floors, mezzanines, stair treads, fencing, and maintenance platforms of factories, workshops, motor rooms, trolley channels, boilers, and heavy equipment areas. Besides this, they find extensive applications in residential and commercial spaces as steel gratings are available in powder-coated carbon, galvanized, and stainless steel around the world.
There is currently a considerable rise in the employment of steel gratings in the construction of platforms, drainage and trench covers. This, along with rapid industrialization across the globe, represents one of the key factors driving the market. Moreover, governments of several countries, especially in developing economies, are extensively investing in infrastructure development, which is positively influencing the market.
In addition, the increasing utilization of steel gratings in wastewater treatment plants to withstand corrosive and high-moisture environments is contributing to the growth of the market. Besides this, they are widely used in drilling platforms to explore offshore oil and natural gas resources due to their high bearing capacity and explosion-proof and non-slip properties.
Additionally, a rising number of walkways for pedestrians, physically challenged and old age people, and children to walk freely and safely on roads and gardens is stimulating the market growth. Furthermore, key market players are offering various customizations like accessories and fabrications of grating products to end users, which is projected to bolster the growth of the market.
Key Questions Answered in This Report:
6 Market Breakup by Material Type
8 Market Breakup by Surface Type
10 Market Breakup by End Use Industry
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900