What are the latest figures on the steel grating walkways market’s size and projected CAGR?
The steel grating walkways market size has grown steadily in recent years. It will grow from $184.9 $ billion in 2024 to $193.44 $ billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to the expansion of industrial infrastructure, increased focus on workplace safety, urbanization leading to more construction projects, growth in 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 $229.14 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing industrialization, growing infrastructure development, stringent safety regulations, rising demand for durable materials, expanding construction projects, and increasing investments in public utilities. Major trends in the forecast period include the adoption of composite materials, the development of smart grating systems, advancements in customizable and modular grating systems, advancements in the manufacturing process, and the adoption of digital twin technology.
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Which Market drivers have played a significant role in driving the steel grating walkways market?
The industrial expansion is expected to propel the growth of the steel grating walkway market going forward. Industrial expansion is driven by the need to meet growing demand, enhance economic growth, and improve competitive advantage through increased production capacity and technological advancements. Steel grating walkways are used in industry for safe and durable access platforms, walkways, and maintenance areas due to their strength, slip resistance, and drainage capabilities. For instance, in July 2024, according to the Federal Reserve Board, a US-based banking organization, industrial production increased from 101.5 in January 2024 to 104.0 in June 2024, indicating a growth in industrial output over this period. Therefore, the industrial expansion is driving the growth of the steel grating walkway market.
What are the key segments within the steel grating walkways market?
The steel grating walkwaysmarket covered in this report is segmented –
1) By Material Type: Carbon Steel Grating, Stainless Steel Grating, Mild Steel Grating
2) By Fabrication: Welded Steel Grating, Swage Locked Grating, Press Locked Grating, Riveted Grating, Close Mesh Steel Grating
3) By Surface Type: Serrated Steel Grating, Plain Steel Grating
Subsegments:
1) By Carbon Steel Grating: Welded Carbon Steel Grating, Press-Locked Carbon Steel Grating, Riveted Carbon Steel Grating, Serrated Carbon Steel Grating
2) By Stainless Steel Grating: Welded Stainless Steel Grating, Press-Locked Stainless Steel Grating, Heavy-Duty Stainless Steel Grating, Custom Fabricated Stainless Steel Grating
3) By Mild Steel Grating: Hot-Dip Galvanized Mild Steel Grating, Painted Mild Steel Grating, Mild Steel Grating With Anti-Slip Surface, Mild Steel Grating for Industrial Applications
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Which key players are shaping the steel grating walkways market?
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.
How do regional factors impact the steel grating walkways market, and which region is the largest contributor?
Asia-Pacific was the largest region in the steel grating walkways market in 2024. The regions covered in the steel grating walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Steel Grating Walkways Market Report 2025 Offer?
The steel grating walkways market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Steel grating walkways are durable, slip-resistant pathways made from steel grids, designed to provide safe and stable walking surfaces in industrial, commercial, and outdoor settings. They allow for efficient drainage and ventilation, making them ideal for use in environments where moisture, debris, or chemical exposure is a concern.
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