Steel Grating Market Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2017-2027

Date : Mar 2021

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Report ID : 432

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Category : Building and Construction

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Report Format:  PDF EXCEL PPT WORD

Market Definition:

Steel grating is a regular shaped open steel member that consists of parallel and crossbars joint either by welding or locking. It comprises of similar, elongated, and parallel elements that usually contain one set of extended elements. The selection of type of steel grating depends mainly on the load-bearing capacity. It has widespread applications such as walkways, platforms, safety fences, drainage and trench cover and so on. It is extensively used owing to benefits such as corrosion resistance and low maintenance requirement.

Market Size:

The Steel grating market size was valued US $ 51450.94 Million in 2019 and is expected to reach US $ 77667.48 Million by 2027; expanding at a CAGR of 5.3% for the forecast period (2017-2027).

Market Overview:

As per the World Steel Association, the global production for crude steel had significantly reduced during the financial year 19-20. Moreover, the steel grating market has witnessed a decline in growth since the advent of the novel coronavirus pandemic. To prevent further spread of the disease, governments across the globe have issued lockdowns. Since these lockdowns, manufacturing activities have been halted. The lockdown has also affected the logistics industry which, in turn, has created a disruption in supply. Besides this, several companies have shut down. All of these factors combined have resulted in the deceleration of the global steel grating market.

The Steel Grating Market is segmented to include:

  • By Material Type
    • Stainless Steel Grating
    • Carbon Steel Grating
    • Aluminum Steel Grating
  • By Fabrication
    • Welded Steel Grating
    • Swage Locked Grating
    • Press Locked Grating
    • Riveted Grating
    • Close Mesh Steel Grating
  • By Application
    • Stair Treads
    • Walkways
    • Platforms
    • Security Fence
    • Drainage Covers
    • Trench Covers
    • Others
  • By Surface Type
    • Plain Steel Grating
    • Serrated Steel Grating

The steel grating market is segmented on the basis of material into stainless steel grating, carbon steel grating and aluminium steel grating. Among these, the carbon steel grating garnered more than 70% of the market share in 2019. The rising waste levels due to the growing population is the major contributor for the lead of carbon steel grating. The fastest-growing segment among the various material types is stainless-steel grating. It is anticipated to expand at the rate of nearly 8% during the forecast period.

Based on fabrication, the steel grating market is segmented into welded steel grating, swage locked grating, press locked grating, riveted grating and close mesh steel grating. The welded steel grating segment dominated the steel grating market accounting for nearly 40%. This dominance can be attributed to rapid industrialization and urbanization. Moreover, the rising demand for welded steel grating from various end-use industries is fuelling the segment’s growth. Close Mesh grating is envisaged to be the fastest-growing segment, registering a compound annual growth rate of close to 7%.

market by fabrication

The walkways application segment led the steel grating market garnering more than 20%. The demand for walkways from the automotive, cement, chemical, mining and oil & gas industries is driving the segment forward. The need for walkways for pedestrians, physically challenged persons, senior citizens, etc. is expected assist the expansion of the segment. The drainage segment is projected to expand at more than 6.5% over the forecast timeline.

Serrated and Plain steel grating are two types of steel gratings based on surface types. The former surface type accounted for approximately 60% of the market share. It is also predicted to register the highest growth rate of over 5% during the forecast period. Serrated gratings ensure safety and secure individuals from slipping, tripping or falling down. It is widely used in the construction industry. The increasing construction projects and supportive government regulations will ensure the growth of the segment.

Steel Grating Market Geography Overview

Based on geography market is segmented as below:

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

Asia – Pacific led the steel grating market in 2019. Growing population and therefore expanding need for industrialization as well as the rising number of construction projects is estimated to drive the market forward. Upsurge in investments from both the public and private sector in the infrastructure industry is anticipated to positively influence the market. Technical advancements from manufacturers are expected to create lucrative opportunities for the regional market growth. Presence of numerous automotive, chemical, pharmaceutical, etc. manufacturing facilities will propel the market’s growth in the region. Various government initiatives such as the Smart City initiative launched in India may further boost the regional market augmentation. North America and Europe are expected to witness moderate growth since the market in these regions are matured.

Market Size by Region

Steel Grating Market Dynamics

a) Drivers

The main aspect involved in the selection of steel grating is the load carrying capacity. There is an upsurge in the demand for high-load carrying capacity gratings that provide better lateral stiffness. Hence, the advancement in technology that can provide better characteristics such as load bearing will propel the market forward. The surge in exploration activities within the oil & gas industry is expected to boost the market expansion. Besides, rising demand from end-use industries due to benefits such as excellent tensile strength, better durability, reliability and so on will thrust the market forward.

b) Restraints

With growing awareness regarding global warming and efforts by various governments to reduce the effects may hinder the growth of the steel grating market since the production of steel gratings emits large quantities of carbon. Furthermore, the availability of alternate products like the FRP that offer benefits such as light-weight may pose a threat to the market progress.

c) Opportunity

Increasing exploration & production activities from the oil & gas industry as well as the significant growth of the pharmaceutical industry is expected to generate a huge demand for steel gratings. Soaring investments for the development of new manufacturing facilities will provide new opportunities for the steel grating market expansion.

The market is studied by analyzing all the key market participants across the ecosystem.

The key players in the steel grating market include, but not limited to:

  • Eaton Corporation
  • Farwest Steel Corporation
  • Grating Pacific Inc.
  • IKG
  • Indiana Gratings Inc.
  • Interstate Gratings LLC
  • Mcnichols Co. Inc.
  • Lichtgitter GmbH
  • Nucor Corporation
  • P & R Metals

Recent News and Developments in the market:

  • Fischer & Ludlow acquired Alabama Metal Industries Corporation’s bar grating facility and equipment in February 2017. The company also acquired all related inventory at three other locations of Alabama Metal Industries Corporation.
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Chapter 1.  Research Objective

1.1 Objective, Definition & Scope

1.2 Methodology

   1.2.1 Primary Research

   1.2.2 Secondary Research

   1.2.3 Market Forecast - Estimation & Approach

   1.2.4 Assumptions & Assessments

1.3 Insights and Growth - Relevancy Mapping

   1.3.1 FABRIC Platform

1.4 Data mining & efficiency

Chapter 2.  Executive Summary

2.1 Steel Grating Market Overview

2.2 Interconnectivity & Related markets

2.3 Ecosystem Map

2.4 Steel Grating Market Business Segmentation

2.5 Steel Grating Market Geographic Segmentation

2.6 Competition Outlook

2.7 Key Statistics

Chapter 3.  Strategic Analysis

3.1 Steel Grating Market Revenue Opportunities

3.2 Cost Optimization

3.3 Covid19 aftermath - Analyst view

3.4 Steel Grating Market Digital Transformation

Chapter 4.  Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.1.1 Advancements in technology like high load capacity

4.1.1.2 Increase in demand for steel grating in end-use industries

4.1.2 Restraints

4.1.2.1 Emission of carbon during production of steel gratings

4.1.2.2 Demand for FRP grating, owing to its lightweight

4.1.3 Opportunities

4.1.3.1 Installation of new manufacturing facilities

4.1.4 Challenges

4.2 PEST Analysis

   4.2.1 Political

   4.2.2 Economic

   4.2.3 Social

   4.2.4 Technological

4.3 Market Impacting Trends

    4.3.1 Positive Impact Trends

    4.3.2 Adverse Impact Trends

4.4 Porter's 5-force Analysis

4.5 Market News - By Segments

   4.5.1 Organic News

   4.5.2 Inorganic News

4.6 Price Trend Analysis

Chapter 5. Market Segmentation

5.1 The Steel Grating Market Segmentation by Material Type - Forecast till 2027

5.1.1 Stainless Steel Grating

5.1.2 Carbon Steel Grating

5.1.3 Aluminum Steel Grating

5.2 The Steel Grating Market Segmentation by Fabrication - Forecast till 2027

5.2.1 Welded Steel Grating

5.2.2 Swage Locked Grating

5.2.3 Press Locked Grating

5.2.4 Riveted Grating

5.2.5 Close Mesh Steel Grating

5.3 The Steel Grating Market Segmentation by Application - Forecast till 2027

5.3.1 Stair Treads

5.3.2 Walkways

5.3.3 Platforms

5.3.4 Security Fence

5.3.5 Drainage Covers

5.3.6 Trench Covers

5.3.7 Others

5.4 The Steel Grating Market Segmentation by Surface Type - Forecast till 2027

5.4.1 Plain Steel Grating

5.4.2 Serrated Steel Grating

Chapter 5A. Regional Forecast

  • North America Steel Grating Market Segmentation
    • By Material Type - Forecast till 2027
    • By Fabrication - Forecast till 2027
    • By Application - Forecast till 2027
    • By Surface Type - Forecast till 2027
  • Europe Steel Grating Market Segmentation
    • By Material Type - Forecast till 2027
    • By Fabrication - Forecast till 2027
    • By Application - Forecast till 2027
    • By Surface Type - Forecast till 2027
  • Asia-Pacific Steel Grating Market Segmentation
    • By Material Type - Forecast till 2027
    • By Fabrication - Forecast till 2027
    • By Application - Forecast till 2027
    • By Surface Type - Forecast till 2027
  • LAMEA Steel Grating Market Segmentation
    • By Material Type - Forecast till 2027
    • By Fabrication - Forecast till 2027
    • By Application - Forecast till 2027
    • By Surface Type - Forecast till 2027

**The Regions are further studied to analyze the major countries within the respective regions. The coverage of the country level data is dynamic and is updated regularly based on the market movements. Normally, the countries covered in the report include:

North America - United States, Canada, Mexico; Europe - United Kingdom, France, Italy, Germany, Spain, Rest of Europe; Asia Pacific - China, India, Japan, South Korea, Rest of APAC; Middle East & Africa - South Africa, GCC Countries, Rest of MEA; LatAm - Brazil, Argentina, Rest of LatAm;

Chapter 6.  Market Use case studies

Chapter 7.  KOL Recommendations

Chapter 8.  Investment Landscape

8.1 Steel Grating Market Investment Analysis

8.2 Market M&A

8.3 Market Fund Raise & Other activity

Chapter 9. Steel Grating Market - Competitive Intelligence

9.1 Company Positioning Analysis

   9.1.1 Positioning - By Revenue

   9.1.2 Positioning - By Business Score

   9.1.3 Legacy Positioning

9.2 Competitive Strategy Analysis

   9.2.1 Organic Strategies

   9.2.2 Inorganic Strategies

Chapter 10.  Key Company Profiles

*The Steel Grating Market Report profiles companies based on the material impact they have on the market ecosystem. These are hence, to be read as 'Key Players' and not necessarily 'Market Leaders'.

Companies are typically profiled to include:

10.x.1 Company Fundamentals

10.x.2 Performance Overview

10.x.3 Product Overview

10.x.4 Recent Developments

The Companies profiled in this Report include:

  • Eaton Corporation
  • Farwest Steel Corporation
  • Grating Pacific Inc.
  • IKG
  • Indiana Gratings Inc.
  • Interstate Gratings LLC
  • Mcnichols Co. Inc.
  • Lichtgitter GmbH
  • Nucor Corporation
  • P & R Metals
  • Valmont Industries Inc.

Chapter 11.  Appendix

11.1 About AllTheResearch

11.2 Service offerings

11.3 Author details

11.4 Terms & Conditions

11.5 Contact us


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