The scope of “The Insight Partners” recent study on “The global Steel Grating Market to 2027 – COVID-19 Impact and Global Analysis– by Material Type (Stainless Steel Grating, Carbon Steel Grating, and Aluminum Steel Grating), Surface Type (Plain Steel Grating and Serrated Steel Grating), and Application (Stair Treads, Walkways, Platforms, Security Fence, Drainage Covers, Trench Covers, and Others)” includes factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The global steel grating market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Germany, France, the UK, and Italy are among the major countries in Europe. The region has matured aerospace and medical industries. The trend of using technologically advanced products boosts the demand for steel materials, further supporting the steel grating market growth. Apart from this, the growing demand for steel grating in Europe is attributed to increasing disposable incomes, growing urbanization, and expanding construction industry.
Based on material type, the steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. In 2019, the carbon steel grating segment held the largest share of the market. Carbon steel grating is one of the most extensively used construction and flooring materials in industries. Light duty carbon steel gratings are used in applications such as pedestrian traffic and light, rolling traffic such as carts, dollies, and hand trucks. The expanding range of applications of carbon steel grating, mainly due to its high wear resistance and strength, is anticipated to promote the growth of the market for carbon steel grating segment during the forecast period.
Impact of COVID-19 Pandemic on Steel Grating Market
The US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries in terms of COVID-19 cases and reported deaths as of March 2021. COVID-19 has affected various industries in the world due to lockdowns, travel bans, and business shutdowns. The manufacturing industry is suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns due of this outbreak.
The lockdown of various plants and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. In addition, global travel bans imposed by countries in Europe, Asia, and North America are affecting business collaborations and partnership opportunities. These factors are negatively impacting the manufacturing of medical, defense, and electronic goods. The disruptions in manufacturing activities are limiting the growth of the steel grating market.
Steel grating is an open grid assembly of metal bars which is extensively used in multiple applications owing to its low maintenance and corrosion resistance characteristics. Steel grating is used in various industrial environments. These are extensively used to make platforms, stair treads, drainage covers, walkways, and trench covers.
The steel gratings have a substantial load-bearing capacity and are hence used in flooring applications. The wide range of steel grating applications include manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, walkways. Widening application scope of steel grating is expected to drive the market growth. Rapid industrialization in emerging countries such as India, China, Brazil, Japan, and others, growing spending on infrastructure development by the government are anticipated to provide lucrative growth opportunities for the steel grating market.
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The carbon steel has a greater concentration of carbon than other steel types. Carbon steel has a carbon content of approximately 2.5%, while other steel types have a comparatively low carbon content of around 0.05% to 0.3%. Carbon steel bar grating is the widely used industrial flooring and construction materials. Light duty carbon steel grating is used for multiple light duty applications such as tired, pedestrian traffic and light, rolling traffic such as carts, dollies, and hand trucks. Heavy Duty Carbon Steel Bar Grating is majorly used where heavy vehicular traffic is used and hence is used in applications such as bridges, highways, and industrial plants using forklift trucks. Therefore, the increasing application of carbon steel grating and its high wear resistance and strength is anticipated to create ample opportunities for the steel grating market during the forecast period.
The major players operating in the global Steel Grating market include Alabama Metal Industries Corporation; Grating Pacific; Interstate Gratings; Kraty Mostostal Kraków SP. Z O.O. ; Lichtgitter GmbH ; Lionweld Kennedy Flooring Ltd ; Polimex-Mostostal SA ; Gebrüder MEISER GmbH ; Nucor Corporation ; Ohio Gratings Inc.; P&R Metals, Inc. ; Roto B.V. ; Valmont Industries, Inc.; Indiana Gratings Inc; Marco Specialty Steel, Inc., and among many others.
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