Steel grating is a regular shaped assortment of similar, elongated, and parallel elements. It usually comprises one set of extended elements. However, it can also contain two sets, wherein the subsequent set is commonly set vertically to the first. Vertical placement of these two sets is also called grid or a mesh. Steel gratings are primarily employed in power generation plants, buildings, and factories, as they offer ease of movement and safety; are robust, strong, reliable, and durable; and possess high tensile strength when compared to fiber grating and aluminum. The usage of steel grating depends on the load that it needs to bear. It is extensively implemented in numerous applications, owing to its many benefits such as corrosion resistance and low maintenance requirement. Steel grating is used for stair treads, manhole covers, and handrails in various industries.
The global steel grating market is expected to expand at a substantial pace in the near future primarily due to the technological advancements and increase in applications in end-use industries. Furthermore, expansion of the construction sector, especially in Asia Pacific, is anticipated to drive the steel grating market during the forecast period. High investments are being made in various countries such as China, India, Brazil, Mexico, and Indonesia for infrastructure development and industrial growth. This is anticipated to propel the demand for steel grating in the near future. Emission of carbon during the production of steel grating is a key factor expected to hamper the steel grating market. However, this factor is likely to be offset by the increase in demand for steel grids or mess in industrial and construction sectors.
The steel grating market can be segmented based on type, application, and region. In terms of type, the market can be divided into stainless steel grating, carbon steel grating, and mild steel grating. Based on application, the market can be classified into construction, sewage disposal, petrochemical, and others. In terms of region, the steel grating market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of consumption, North America dominated the global steel grating market in 2016. It was followed by Europe. This can be primarily ascribed to the large number of end-user industries in North America and Europe. However, the market in North America and Europe is projected to expand at a sluggish pace during the forecast period, as these regions are relatively mature markets. The market for steel grating in Asia Pacific is anticipated to expand at a significant pace in the near future owing to the presence of growing economics such as China and India, and high demand from key markets such as South Korea and Japan. Furthermore, technical advancements from OEMs coupled with rise in industrialization in the region offer lucrative opportunities for the steel grating market in Asia Pacific. The market in Latin America and Middle East & Africa is estimated to exhibit strong growth during the forecast period.
Key players operating in the market include AMICO Group of Companies, Meiser GmbH, Nucor, P&R Metals Inc., Valmont Industries, Inc., Yantai Xinke Steel Structure Co., Ltd., Harsco Industrial IKG, NJMM Inc., Xinxing Ductile Iron Pipes, Ohio Gratings, Marco Specialty, and Lionweld Kennedy.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.