Space Frame Market Size By Material (Steel, Aluminium, Metal Alloys), By Structure (Single Layer, Double Layer, Triple Layer), By Tubes (Circular Hollow, Rectangular Hollow), By Application (Dome Roof, Skylight, Canopy & Entry Way, Roof, Atrium, Vertical Glazed), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI4833  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Space Frame Market size exceeded USD 554 million in 2019 and will grow at a CAGR of 10.6% from 2020 to 2026. The demand for new structural forms along with the growing innovation in building techniques has resulted in the increasing adoption of space frames in various commercial & industrial infrastructures.
 

The growing construction industry is projected to strongly complement the market growth. According to Oxford Economics, the global construction industry is expected to reach a value of over USD 15.5 trillion by 2030 with major contributions from India, the U.S., and China. Growing investments for the development of commercial structures mainly in the emerging economies will boost the market revenue.
 

Space Frame Market

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The penetration of new & improved industrial structures coupled with increasing demand for lightweight materials is anticipated to further amplify the space frame industry growth. Space frames are gaining wide popularity across the globe and have been widely seen in exhibition pavilions, sports arenas, transportation terminals, assembly halls, warehouses, airplane hangars, and workshops. These frames are not only used on roof tops but also find applications in exterior walls, floors, and canopies. Furthermore, these structures also aid in hosting various concerts, sports tournaments, and mass assemblies with the advantage of extension and contraction as per gathering strength, which are the major advantages of space frames on concrete roofing systems.
 

Space frame construction involves various engineering difficulties, a major downside to the market growth. These structures require advanced engineering techniques that act as a major discrepancy in their adoption rate. Developed nations including the U.S and Germany have been widely adopting the product in recent times, whereas their slow adoption rate is seen mainly in the developing regions.
 

With the ongoing pandemic, the global construction sector has seen a major set-back, in turn, acting as a major restraint to the space frame market. With the enforcement of lockdowns across various nations, various music concerts, festivals, etc., have been put on hold; hence, a major revenue disruption can be seen in 2020. However, the market is predicted to take its regular course by the end of 2022.
 

Space Frame Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 554.6 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 10.6% 2026 Value Projection: 609.9 Million (USD)
Pages: 250 Tables, Charts & Figures: 182
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Materials, Structure, Tubes, Applications
Companies covered (17): 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., and Jiangsu Andy Steel Structure Co., Ltd.
Growth Drivers:
  • Growing use of lightweight structures
  • Increasing popularity of live concerts
  • Better load capacity and minimizes construction time & cost
Pitfalls & Challenges:
  • Difficult to engineer

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Steel space frames are projected to witness the dominant position in the market

The steel space frame market size is likely to register a decent growth rate of more than 10.5% through 2026. Steel material held around 50% market revenue share in 2019. It provides various structural advantages over other materials in terms of durably, rigidity, and robustness; hence, is an ideal choice of material in various commercial buildings. However, the volatility in steel prices is a major concern among major steel space frame manufacturers.

Superior sturdiness and lightweight property will escalate the double layer grid frame structure usage

Space Frame Market Revenue

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The double layer grid type is expected to exhibit the highest revenue gains during 2020-2026. In the double layer grid, elements are organized in multiple layers parallelly at a fixed distance.  Double layer grids are widely used in the industrial & commercial sectors, mainly in warehouses, hangers, travel terminals, and others. The renovation of commercial buildings along with increasing product penetration in airports will drive the double layer grid space frames demand.
 

Circular hollow sections will accommodate substantial space frame market share

The circular hollow section will dominate the tube type segment in 2026 with a market share of around 70%. Circular hollow sections, also known as steel tubes, are widely used in various industrial spheres owing to their excellent design and performance attributes compared to rectangular hollow sections.
 

Dome roofs will prove to be the highest consuming application

Dome roofs application held the largest space frame market share in 2019 and is poised to observe 11% growth rate through 2026. Dome roof space frames provide the utmost structural integrity and are highly appealing to the eye. These types of roofs are widely used in commercial events, where aesthetic appearance is of utmost importance.
 

North America to be among the leading regional markets by 2026

Space Frame Market Regional Insights

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North America space frame market held a revenue size of over USD 160 million in 2019. The presence of advanced construction technologies and growing investments in commercial infrastructure are some of the major factors propelling the regional market revenue. The presence of huge public infrastructures, such as shopping malls and concert halls, coupled with the growing number of warehouses will augment the market growth trends. Moreover, growing investments in airport construction and renovation activities will also substantially contribute to the overall market statistics.
 

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., and 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:
 

Market, By Material

  • Steel
  • Aluminum
  • Metal alloys

Market, By Structure

  • Single layer
  • Double layer
  • Triple layer grid

Market, By Tubes

  • Circular hollow section
  • Rectangular hollow section

Market, By Application

  • Steel Dome roof
  • Skylight
  • Canopy & entry way
  • Roof
  • Atrium
  • Vertical glazed
  • Others (Skywalks, side bridges etc.)

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

The global space frame market size surpassed USD 554.6 million in 2019 and is projected to grow at a CAGR of 10.6% through 2026 owing to the rising demand for new structural forms and innovations in building techniques.
The steel material segment is expected to dominate the market with a growth rate of over 10.5% during 2020-2026.
The circular hollow section is anticipated to observe around 70% market share in 2026. The excellent design and performance attributes will drive industry growth.
In 2019, the North America market held revenue of more than USD 160 million and is anticipated to witness a substantial growth through 2026 due to the increasing investments in airport construction and renovation activities.

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Premium Report Details

  • Published Date: Sep 2020
  • Pages: 250
  • Tables: 158
  • Charts / Figures: 24
  • Companies covered: 17
  • Countries covered: 17

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