Steel Grating Market Size, Trends and Growth Analysis by 2027

The steel grating market was valued at approximately US$ 77,486.52 million in 2019 and is anticipated to grow to US$ 138,699.88 million by 2027, reflecting a compound annual growth rate (CAGR) of 7.6% from 2020 to 2027.

Steel gratings are renowned for their significant load-bearing capabilities, making them ideal for various flooring applications. Their versatility extends to numerous uses, including manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, and walkways. The rapid industrialization occurring in developing nations such as India, China, Brazil, and Japan, along with increased government investment in infrastructure projects, presents substantial growth opportunities for stakeholders in the steel grating sector.

The global steel grating market is categorized based on surface type into plain steel grating and serrated steel grating. In 2019, the plain steel grating segment dominated the market. This type of grating is constructed from materials such as aluminum steel bars, carbon steel bars, and stainless steel bars. Plain steel grating can be further classified into various types, including welded, swage-locked, press-locked, and riveted plain steel gratings. The extensive range of applications across different industries significantly contributes to the growth of the plain steel grating segment.

Geographically, the steel grating market is divided into several regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). In 2019, the Asia-Pacific region held the largest market share, primarily driven by a growing middle-class population and increasing urbanization. The rising demand for steel grating in this region has prompted many manufacturers to establish their operations locally.

As of March 2021, countries such as the US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico were significantly impacted by COVID-19, experiencing high case numbers and fatalities. The pandemic has disrupted various industries globally due to lockdowns, travel restrictions, and business closures. The manufacturing sector has faced severe interruptions, including supply chain disruptions, cancellations of technology events, and office closures. The shutdown of manufacturing plants across North America, Europe, Asia-Pacific, South America, and the MEA has adversely affected global supply chains, leading to delays in manufacturing, delivery schedules, and sales of numerous products. Furthermore, international travel bans have hindered business collaborations and partnership opportunities, negatively impacting the production of medical, defense, and electronic goods. These manufacturing disruptions have constrained the growth potential of the steel grating market.

Key players in the global steel grating market include Alabama Metal Industries Corporation, Grating Pacific, Interstate Gratings, Kraty Mostostal Krak?w SP. Z O.O., Lichtgitter GmbH, Lionweld Kennedy Flooring Ltd, Polimex-Mostostal SA, Gebr?der MEISER GmbH, Nucor Corporation, Ohio Gratings Inc., P&R Metals, Inc., Roto B.V., Valmont Industries, Inc., Indiana Gratings Inc, and Marco Specialty Steel, Inc..

The overall size of the global steel grating market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the findings and gain deeper analytical insights. The interviewees typically included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the global steel grating market.