Steel Grating Walkways Market Report 2024

This Steel Grating Walkways market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The steel grating walkways market size has grown steadily in recent years. It will grow from $177.24 billion in 2023 to $184.9 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to the expansion of industrial infrastructure, a heightened focus on workplace safety, increased urbanization driving more construction projects, growing demand for corrosion-resistant materials, regulatory compliance requirements, and the rise of offshore oil and gas exploration activities.

The steel grating walkways market size is expected to see steady growth in the next few years. It will grow to $219.87 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing industrialization, expanding infrastructure development, stricter safety regulations, rising demand for durable materials, growth in construction projects, and increased investments in public utilities. Major trends during this period include the adoption of composite materials, the development of smart grating systems, advancements in customizable and modular grating systems, improvements in the manufacturing process, and the integration of digital twin technology.

The steel grating walkway market is expected to grow due to industrial expansion, which is driven by increased demand, economic growth, and the need to enhance competitive advantage through greater production capacity and technological improvements. Steel grating walkways are essential in industries for providing safe and durable access platforms, walkways, and maintenance areas, thanks to their strength, slip resistance, and drainage features. For example, in July 2024, the Federal Reserve Board reported that industrial production in the US rose from 101.5 in January 2024 to 104 in June 2024, reflecting an increase in industrial output over this period. Hence, industrial expansion is fueling the growth of the steel grating walkway market.

The expansion of the construction industry is also expected to boost the steel grating walkway market. This industry encompasses all activities related to building and infrastructure development, including planning, designing, financing, and executing construction projects, with input from contractors, builders, architects, engineers, and laborers. The construction sector is growing due to urbanization, infrastructure projects, population increases, economic development, and technological advancements, resulting in a higher demand for buildings and infrastructure. Steel gratings are commonly used in construction for applications such as flooring, walkways, and stair treads because of their strength, durability, and load-bearing capacity. For instance, the Northern Ireland Statistics and Research Agency reported that from Q1 2022 to Q1 2023, the construction industry in the UK grew by 6.5%, with the housing sector increasing by 11.1% and the infrastructure sector by 3.7%. Thus, growth in the construction industry is contributing to the rise of the steel grating walkway market.

In March 2024, Meiser International GmbH, a German grating manufacturer, and Dubai Transport Company LLC, a UAE logistics firm, acquired IKG for an undisclosed amount. This acquisition will enable Meiser International GmbH and Dubai Transport Company LLC to expand their market presence and product offerings in the steel grating industry. By leveraging IKG's established brand and expertise, they aim to enhance their global competitive edge and operational capabilities. IKG, a US-based provider of steel grating walkways, is now part of their portfolio.

Major companies operating in the steel grating walkways market are Nucor Corporation, Eaton Corporation plc, Valmont Industries Inc., Hill & Smith PLC, McNichols Co., Farwest Steel Corporation, Ohio Gratings Inc., Walker Forge Inc., Grating Pacific Inc., Metalex, Triple-S Steel Holdings Inc., Interstate Gratings LLC, Weldlok, Gebrüder MEISER GmbH, Lichtgitter GmbH, Marco Specialty Steel Inc., Screen Systems (Wire Workers) Limited, Gitterwerk M. Schulz GmbH & Co. KG, Alabama Metal Industries Corporation, P&R Metals Inc., Indiana Gratings Inc., Ningbo Lihongyuan Steel Grating Co. Ltd., Lionweld Kennedy Flooring Ltd.

Asia Pacific was the largest region in the steel grating walkways market in 2023. The regions covered in the steel grating walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the steel grating walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Steel grating walkways are robust, slip-resistant pathways constructed from steel grids, designed to offer safe and stable walking surfaces in various industrial, commercial, and outdoor environments. They facilitate efficient drainage and ventilation, making them particularly suitable for areas prone to moisture, debris, or chemical exposure.

The primary material types for steel grating walkways include carbon steel grating, stainless steel grating, and mild steel grating. Carbon steel grating is known for its strength and durability, made from carbon steel. Fabrication methods include welded steel grating, swage-locked grating, press-locked grating, riveted grating, and close mesh steel grating. Surface types can be serrated or plain steel grating.

The steel grating walkways market research report is one of a series of new reports that provides steel grating walkways market statistics, including steel grating walkways industry global market size, regional shares, competitors with a steel grating walkways market share, detailed steel grating walkways market segments, market trends and opportunities, and any further data you may need to thrive in the steel grating walkways industry. This steel grating walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The steel grating walkways market consists of sales of bar grating, expanded metal grating, plank grating, fiberglass reinforced plastic (FRP) grating, safety grating, heavy-duty grating, and tread treads. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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