Heavy Industry
North America Metal Grating Market Research Report Forecast to 2030
North America Metal Grating Market Research Report Forecast to 2030
North America Metal Grating Market Research Report Forecast to 2030
The North America metal grating market is projected to register significant growth during the review period, exhibiting a CAGR of 4.3%. The market is expected to reach a value of USD 34,781.0 Million by the end of the forecast period. In terms of volume, the market size was sized at 50.5 million tons in 2022 and is projected to reach 67.5 million tons exhibiting a CAGR of 3.8% during the forecast period.
The significant use of grating goods in the construction of floors, walkways, platforms, and mezzanines to offer a safe, sturdy, and lasting structure and a protective barrier is the main factor driving the growth of the North American metal grating market. The regional market is anticipated to be driven by rising investment in the manufacturing and construction industries throughout the assessment period. Additionally, the advantages offered by aluminum grating items are probably going to have a beneficial effect on the market's expansion. This may be ascribed to their exceptional qualities, which include their compact size and lightweight, unmatched strength-to-weight ratio, and exceptional corrosion resistance. Furthermore, the expansion of oil & gas exploration activities in the region is expected to open growth avenues for players in the market.
However, the availability of better-performing substitutes such as fiberglass-reinforced plastic (FRP) and glass-reinforced plastic (GRP) gratings in the market is a major factor projected to hamper the global market growth during the forecast period.
Market Segmentation
According to MRFR analysis, the North America metal grating market has been segmented into material, type, End-Use Industry, and country.
Based on type, the market is categorized into Bar Grating, Safety Grating, Perforated Metal Grating, Expanded Metal Grating, Wire Mesh Metal Grating, and Others.
The end-use industry segment is categorized into Water & Wastewater Treatment, Chemical, Oil & Gas, Food & Beverages, and Others.
The market is studied for 2 countries, i.e., the US and Canada. The market in the US is expected to be growing on account of the fast-paced expansion of key end-use industries along with the rising oil & gas exploration activities.
Major Players
AMICO, IKG, Grating Pacific, Interstate Gratings, Ohio Gratings, Inc, P&R Metals, Inc, Valmont Industries, Inc, Vulcraft, Metelmex, Borden Gratings Inc are the prominent players operating in the regional market.
Companies Mentioned
AMICO
IKG
Grating Pacific
Interstate Gratings
Ohio Gratings
Inc
P&R Metals
Inc
Valmont Industries
Inc
Vulcraft
Metelmex
Borden Gratings Inc
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