Asia Pacific Steel Grating Market

Market Introduction

Steel grating is an open grid assembly of metal bars, which is extensively used in multiple applications owing to its low maintenance and corrosion resistance characteristics. Steel grating is used in various industrial environments and to make platforms, stair treads, drainage covers, walkways, and trench covers. Steel gratings have a substantial load-bearing capacity; hence, they are used in flooring applications. The wide range of steel grating applications include manhole covers, stair treads, handrails, platforms, drainage covers, trench covers, and walkways. Widening application scope of steel grating drives the market growth.

Asia Pacific Steel Grating Strategic Insights

Strategic insights for the Asia Pacific Steel Grating provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Steel Grating Report Scope

Asia Pacific Steel Grating Regional Insights

The geographic scope of the Asia Pacific Steel Grating refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Asia Pacific steel grating market was valued at US$ 38,038.86 million in 2020 and is projected to reach US$ 68,068.77 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028. Factors such as increasing demand from oil & gas industry, surging demand for carbon steel grating, and widening application scope of steel grating in Asia Pacific propel the market growth. In addition, product innovations are anticipated to create lucrative opportunities for the steel grating manufacturers during the forecast period. However, the high cost of raw materials restrains the growth of the Asia Pacific steel grating market.

Impact of COVID-19 Pandemic on Asia Pacific Steel Grating Market 

The ongoing COVID-19 pandemic has altered the status of the steel grating industry in Asia Pacific. The pandemic is anticipated to cause a loss of more than 3 billion in the region. The consequence and impact can be even worse and totally depends on the spread of the novel coronavirus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, which impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to hinder the growth of the steel grating market in the coming period. Till now, India recorded the highest number of COVID-19 confirmed cases in the region, followed by Indonesia, Japan, and Malaysia.

Key Market Segments

Based on material type, Asia Pacific steel grating market is segmented into stainless steel grating, carbon steel grating, and aluminum steel grating. The stainless steel grating segment is expected to dominate the market during the forecast period. By surface type, the Asia Pacific steel grating market is bifurcated into plain steel grating and serrated steel grating. The plain steel grating segment held a larger share in the market during the forecast period. Based on application, the Asia Pacific steel grating market is segmented into stair treads, walkways, platforms, security fence, drainage covers, trench covers, and others. The market for the security fence segment is growing the highest rate.

Major Sources and Companies Listed

A few key players operating in the Asia Pacific steel grating market are Alabama Metal Industries Corporation; Kraty Mostostal Kraków SP. Z O.O.; Lichtgitter GmbH; Lionweld Kennedy Flooring Ltd; Gebrüder MEISER GmbH; Valmont Industries, Inc.; Ningbo Lihongyuan Steel Grating Co.,Ltd.; Sinosteel Corporation; YanTai Rising Steel Grating Co.,Ltd.; and Yantai Xinke Steel Structure Co., Ltd.  

Reasons to Buy Report

• To understand the Asia Pacific steel grating market landscape and identify segments that are most likely to guarantee a strong return
• To comprehend the ever-changing competitive landscape of the market 
• To efficiently plan merger and acquisition and partnership deals in the market by identifying market segments with the most promising probable sales 
• To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments
• To obtain revenue forecast for the market based on various segments from 2020 to 2028

Asia Pacific Steel Grating Market Segmentation

• Stainless Steel Grating
• Carbon Steel Grating
• Aluminum Steel Grating

• Plain Steel Grating
• Serrated Steel Grating

• Stair Treads
• Walkways
• Platforms
• Security Fence
• Drainage Covers
• Trench Covers
• Others

Company Profiles

• Alabama Metal Industries Corporation
• Kraty Mostostal Kraków SP. Z O.O.
• Lichtgitter GmbH
• Lionweld Kennedy Flooring Ltd
• Gebrüder MEISER GmbH
• Valmont Industries, Inc.
• Ningbo Lihongyuan Steel Grating Co.,Ltd.
• Sinosteel Corporation
• YanTai Rising Steel Grating Co.,Ltd.
• Yantai Xinke Steel Structure Co., Ltd.