Space Frame Market Size
Space Frame Market size was over USD 554 million in the year 2019 and will progress at a CAGR of 10.6% throughout the forecast period of 2020 to 2026.
Growing demand for new structures and the increasing innovation in construction methods has led to the widespread use of space frames in different commercial & industrial structures.
The developing construction sector is expected to highly support the market growth. As per Oxford Economics, the world construction sector will touch a worth of more than USD 15.5 trillion by 2030 with great contributions from India, the U.S., and China. Increased investments for the construction of commercial buildings primarily in the developing economies will increase the market revenue.
To receive prominent market trends
The invasion of new & better industrial forms in addition to the growing demand for light materials is expected to further increase the space frame industry growth. Space frames are becoming very popular all over the world and have been commonly observed in exhibition pavilions, sports complexes, transport terminals, assembly halls, warehouses, airplane hangars, and workshops. These structures are not only applied on roofs but also utilized in exterior walls, floors, and canopies. In addition to this, these structures also support different concerts, sports events, and mass gatherings with the benefit of extension and contraction based on gathering capacity, which are the key benefits of space frames on concrete roofing systems.
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Space Frame Market Report Attributes
Report Attribute Details
Base Year 2019
Space Frame Market Size in 2019 554.6 Million (USD)
Forecast Period2020 to 2026
Forecast Period 2020 to 2026 CAGR10.6%
2026 Value Projection609.9 Million (USD)
Historical Data for2016 to 2019
No. of Pages250
Tables, Charts & Figures182
Segments coveredMaterials, Structure, Tubes, Applications
Growth Drivers
Increased usage of lightweight structures
Increased popularity of live concerts
Improved load capacity and reduces construction time & cost
Pitfalls & Challenges
Difficult to engineer
What are the growth opportunities in this market?
Space frame construction entails numerous engineering challenges, a chief drawback to the market expansion. These structures need sophisticated engineering methods that pose a chief disparity in their uptake level. Developed countries like the U.S and Germany have been predominantly embracing the product in recent years, while in their slow uptake, it is primarily observed in the developing world.
Due to the pandemic, the construction industry worldwide has experienced a significant setback, thus serving as a significant restraint to the market of space frames. Due to the imposition of lockdowns in most countries, different music concerts, festivals, etc., have been postponed; thus, the market can witness a significant revenue setback in 2020. Nevertheless, the market is likely to resume its normal pace by the end of 2022.
Space Frame Market Analysis
The size of the steel space frame market is expected to record a good growth rate of over 10.5% during 2026. Steel material accounted for approximately 50% market revenue share in 2019. It offers several structural benefits compared to other materials in terms of enduring, rigidity, and strength; thus, is a perfect material of choice in several commercial buildings. Volatility in steel prices is a key concern among leading steel space frame manufacturers.
Learn more about the most influential segments driving this market
Double layer grid type is likely to show maximum revenue growth over 2020-2026. In the double layer grid, elements are arranged in various layers parallel to each other at a constant distance. Double layer grids find extensive applications in the industrial & commercial industries, primarily in warehouses, hangers, travel terminals, and others. The upgrading of commercial buildings coupled with the growing penetration of products in airports will fuel the demand for double layer grid space frames.
The circular hollow section will lead the tube type segment in 2026 with approximately 70% market share. Circular hollow sections or steel tubes are extensively used across several industrial domains due to their superior design and performance features than rectangular hollow sections.
Application of dome roofs occupied the biggest space frame market share during 2019 and is anticipated to register a growth rate of 11% by 2026. Space frames in the form of dome roofs have maximum structural stability and are very much eye-captivating. This form of roofing is most popularly applied across commercial events where visual appearance counts the most.
Find more information about segments that dominate this market
North America space frame market was valued at more than USD 160 million in 2019. Availability of sophisticated construction technologies and increasing investment in commercial infrastructure are some of the key drivers pushing the regional market revenue. Availability of massive public amenities, i.e., malls and concert venues, along with increased numbers of warehouses will improve the market growth trends. Furthermore, increasing airport development and revamping activities on an investment level will also positively add to overall market figures.
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Space Frame Market Share
Major players involved in the industry are
- DSI Spaceframes
- HINDUSTAN ALCOX LIMITED
- Octamec
- CST Industries, Inc
- Xuzhou LF Engineering & Construction Co
- Triocon Space Frame Technologies Pvt, Ltd
- Delta Structures, Inc
- USKON Space Frame System Construction Industry and Commerce Co. Inc
- Pillow Space Frame Ltd
- Gossamer Space Frames, LLC
- Lindner Group
- HHSS GROUP
- Core Metallic Ind. L.L.C
- Prisma Metal Industry L.L.C
- MERO-TSK International GmbH & Co., KG
- Zhejiang Southeast Space Frame Co., Ltd
- Jiangsu Andy Steel Structure Co., Ltd
This market research report on space frame includes in-depth coverage of the industry with estimates & forecast in terms of volume in square foot and revenue in USD million from 2016 to 2026, for the following segments
