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Light Gauge Steel Framing Market to Reach USD 15.53 Billion by 2031, at a CAGR of 4.4% — MarketsandMarkets™

GlobeNewswire Inc.·
Light Gauge Steel Framing Market to Reach USD 15.53 Billion by 2031, at a CAGR of 4.4% — MarketsandMarkets™

The global Light Gauge Steel Framing (LGSF) market is projected to grow from USD 12.53 billion in 2026 to USD 15.53 billion by 2031 at a 4.4% CAGR. Growth is driven by rapid urbanization, infrastructure investments, labor shortages, and the shift toward prefabricated and modular construction. Asia Pacific leads with 48.64% market share, while load-bearing systems dominate at 58.2% of the market.

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