Light-gauge steel framing market forecast to reach $15.5 billion by 2031
MarketsandMarkets puts the global light-gauge steel framing market at USD 12.53 billion in 2026 and expects it to reach USD 15.53 billion by 2031, growing 4.4% a year.
According to a report MarketsandMarkets released on 28 August 2026, the global light-gauge steel framing (LGSF) market will grow from USD 12.53 billion in 2026 to USD 15.53 billion by 2031, a compound annual growth rate of 4.4%.
The report says Asia Pacific held 48.64% of the market in 2025, and load-bearing framing was the largest segment at 58.2%. The Middle East & Africa is expected to grow fastest over the forecast period, driven by real-estate investment and urbanisation.
It names construction labour shortages and green-building requirements as the main drivers: LGSF offers a faster, safer and more predictable alternative to timber and concrete.
