August 2021 - Etex, steadfast in its pursuit of becoming the world's foremost offsite construction company, has announced the acquisition of Sigmat, the leading player in the UK light gauge steel framing (LGSF) sector. This transaction completes the purchases of Irish LGSF player Horizon Offsite and design and engineering consulting firm Evolusion Innovation. The company is well-positioned to profit from the expanding offsite construction market in the UK and Ireland as a result of these acquisitions and Etex's current UK operations.
December 2022 - Divergent Technologies Inc., a leader in green manufacturing technologies with the first modular digital factory for the automobile sector, announced a USD 100 million investment from Hexagon AB, a global leader in digital reality solutions combining sensor, software, and autonomous technologies.
Author Credits: Mohd Shadab, Yashika Karodiwal
Report ID: 5569
Published Date: Jan 24, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing popularity of modular and prefabricated building, growing technological advancements and retrofitting existing structures are the major factors driving the growth of the light gauge steel framing market.
The market size of light gauge steel framing is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.
The major players in the market are MiTek Inc., Forsee Power, Etex, Divergent Technologies Inc., AECOM, Komatsu Ltd., NTT Facilities, Inc., Deloitte Tohmatsu Consulting LLC, Panasonic Corporation, Mitsui Fudosan Co., Ltd. and others.
The wall bearing steel framing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.