Metal framing, particularly light gauge steel framing, is revolutionizing the construction
industry by offering durability, fire resistance, and design flexibility. The global light gauge
steel framing market was valued at USD $33.07 billion in 2024 and is projected to reach
USD $49.16 billion by 2031, growing at a compound annual growth rate of 5.08%. This
growth is driven by the need for faster construction timelines and cost-effective building
solutions. Steel framing reduces multifamily construction costs by 20% and can save up to
six months in construction time, addressing the urgent need for affordable housing.
The future of steel manufacturing is shaped by trends such as automation, digitalization,
and sustainability. Innovations in production processes are leading to more efficient and
environmentally friendly steel production methods. The integration of digital technologies
is enabling real-time monitoring and optimization of manufacturing operations, paving the
way for a more sustainable and efficient steel industry.
Sources: https://www.wconline.com/articles/96689-the-changing-economics-of-metal-stud-framing? , https://steelnetwork.com/category/light-steel-framing-industry-news/