Space Frames Market size to exceed $600 Mn by 2026
Published Date: September 30, 2020 Authors: Kiran Pulidindi, Sayan Mukherjee
Space Frames Market size is likely to surpass USD 600 million by 2026, according to a new research report by Global Market Insights, Inc.
A space frame is a three-dimensional truss-like firm structure developed from interlocking rods & beams in a predetermined geometric pattern, intending to act as a necessary unit to withstand hefty burdens at any point of time. Space frames are commonly used to cover enormous areas with minimum interior assistance. These frames provide strong and lightweight shed structures with substantial aesthetic view. Its flexible design structure and lower expense are expected to propel the market demand.
Escalating demand for lightweight structures with aesthetic patterns will fuel market revenue
The developing interest for artistic & lightweight building structures has enhanced the space frames market size in the recent years. These three-dimensional units empower the development of huge spaces without any columns, by offering the necessary support system for construction. With the lightweight property, these structures are intended to convey much heavier loads and have an enormous spanning capacity. The flexible design properties of the frames enable them to be positioned in a curved or flat shape, improving structure design and ensuring pertinent load transfer. The most significant purpose behind their advancing popularity in modern construction practices is their capability to use space effectively.
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The space frame industry is essentially driven by modern building construction around the globe. These frames are generally utilized in commercial buildings to provide the required build quality and design. Space frames possess an inherent potency, empowering bends and long spans to be effectively consolidated in the structure design. Space frames are significant components in construction, where they are essential in preventing extreme & severe environmental conditions.
The engineering inconveniencies related to the space frame manufacturing can pose threats to the industry. The spread of corona virus has limited the market growth exponentially. The government regulations against public gatherings have negatively affected a major chunk of the industry.
Browse key industry insights spread across 250 pages with 158 market data tables & 24 figures & charts from the report, “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” in detail along with the table of contents:
Aluminum frames will witness a substantial growth
Aluminum space frames garnered a considerable growth rate of over 10.5% through 2026. These frames are extremely strong despite being light. They can be lifted till building roofs without any aid from huge cranes or machinery.
Triple layer grid frames acquired more than 30% space frames market share in 2019. These frame structure elements are positioned in three parallel levels, connected by diagonal tubes made from steel, aluminum or any other metallic alloys. These grid frames are majorly used in flat structural designs or hanging covers.
Rectangular hollow sections of the space frame will observe a robust demand
Rectangular hollow sections are anticipated to grow at 10% CAGR during 2020 to 2026. These frame sections allow design & architectural flexibility and at the same time are durable, cost efficient, and sustainable.
Space frame applications in roofs held around 20% market share in 2019. These structural frames are often applied on large roof spans in modern industrial & commercial buildings. These are mainly erected with aluminum or steel, reducing the frame weight substantially that is crucial in the instance of long-span roofs.
Europe is estimated to be an imperative region in the space frames market
Europe market is expected to observe CAGR of over 11% through 2026 due to the surging popularity of music concerts in the recent years.
The key contributors in the space frames market are DSI Spaceframes, Octamec, Hindustan Alcox, CST Industries, Triocon, Xuzhou LF Engineering & Construction Co., Delta Structures, Pillow Space Frame, USKON, Gossamer Space Frames, HHSS Group, Lindner Group, Core Metallic, MERO-TSK International, Prisma Metal Industry, Jiangsu Andy Steel Structure Co., and Zhejiang Southeast Space Frame Co.