According to a new report, published by KBV research, The Global Steel Grating Market size is expected to reach $228.7 billion by 2031, rising at a market growth of 3.2% CAGR during the forecast period.
The Swage Locked Grating segment is anticipating a CAGR of 2.8% during (2024 - 2031). Swage locked grating is manufactured by mechanically locking the cross bars to the bearing bars using a swaging process, which involves deforming the cross bars under high pressure. This method creates a strong, rigid grating that maintains precise spacing and alignment. Swage-locked grating is known for its clean appearance and high strength-to-weight ratio, making it suitable for critical aesthetics and structural integrity applications.
The Serrated Steel segment is leading the Global Steel Grating Market by Surface Type in 2023; thereby, achieving a market value of $161.5 billion by 2031. Serrated steel grating is designed with notches or serrations along the bearing bars, providing enhanced traction and anti-slip properties. This design makes serrated grating particularly suitable for environments where safety is a primary concern, such as in industrial settings, outdoor walkways, and areas exposed to wet or oily conditions.
The Platforms segment is registering a CAGR of 2.2% during (2024 - 2031). The platforms segment is propelled by the growing industrialization and the expansion of heavy industries, where steel gratings are essential for creating stable and strong platforms. These platforms are crucial in environments such as factories, warehouses, and power plants, where they support heavy machinery and equipment.
The Carbon Steel segment is leading the Global Steel Grating Market by Material in 2023; thereby, achieving a market value of $136.3 billion by 2031. In massive industrial applications, such as oil and gas facilities, power plants, and manufacturing plants, where high structural integrity is essential, these gratings are indispensable. The versatility of carbon steel allows for customization to meet specific load capacities, sizes, and finishes, making it adaptable to various industrial needs.
The Pharmaceuticals segment is showing a CAGR of 2% during (2024 - 2031). The demand for steel grating is propelled by the stringent hygiene and safety requirements in pharmaceutical manufacturing environments. Steel gratings are widely used in cleanrooms and production areas due to their corrosion resistance, ease of cleaning, and durability, which are essential for maintaining sterile conditions.
Full Report: https://www.kbvresearch.com/steel-grating-market/
The Asia Pacific region dominated the Global Steel Grating Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $95 billion by 2031. North America region is showcasing a CAGR of 2.5% during (2024 - 2031). Additionally, The Europe region is showcasing a CAGR of 2.8% during (2024 - 2031).
By Surface Type
By Fabrication
By Material
By Application
By End Use Industry
By Geography
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