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Space Frame Market Growth Analysis
Space Frame Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
Space frame market is projected to grow from USD 657.67 Million in 2021 to USD 1311.5 Million by 2028 at a CAGR of over 10.3% during the forecast period.
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Space frames, every so often known as space structures, are lightweight, inflexible, and truss-like structures that are constructed from interlocking struts in geometric patterns. Space frames are used for covering large areas with least interior supports. They are used in factories, industrial buildings, sports halls, swimming pools, warehouses, conference halls and exhibition centers, stadiums with long span distance, museum and fair houses, shopping centers and malls, airports and canopy, mosque, and atrium.
Expanding construction industry across the world and increasing demand for lightweight materials to minimize construction time and cost are the prime factors contributing to the demand for space frames. Increasing demand for new structural forms and rising innovation in building techniques is also one of the key growth factors for the market. The wide range application of space frames in sports arenas, airplane hangars, workshops, transportation terminals, assembly halls, exhibition pavilions, warehouses, and other areas are also expected to drive the demand for space frames in the coming years.
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Space Frame Market – Snapshot |
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|---|---|
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Growth (2022-2028) |
10.3% CAGR |
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Major Material Type |
Steel |
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Major Application Type |
Dome Roof |
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Region with the Highest Demand |
North America |
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Key Players |
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., and Gossamer Space Frames, LLC |
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The market is segmented as steel, aluminum, and metal alloys. The steel segment held the largest share of the market in 2021, whereas the aluminum segment is expected to register the fastest growth during the forecast period. Steel space frames are the ideal choice of material for various commercial buildings, as they provide numerous structural advantages such as durability, rigidity, and robustness over other materials. These advantages are the key factors behind the dominance of the segment of the market.
The space frame market is segmented as dome roof, skylight, canopy & entry way, roof, atrium, vertical glazed, and others. The dome roof segment held the largest share of the market in 2021, and is expected to register the fastest growth during the forecast period. The dominance of the segment is mainly because dome roofs are widely used in commercial events, and they provide the utmost structural integrity with aesthetic appearance.
North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries offering lucrative growth opportunities. The growth of the region’s market is mainly driven by the increasing investments in commercial infrastructure and rapidly increasing advanced construction technologies in the region. Further, the presence of huge public infrastructures such as shopping malls, concert halls, and exhibition halls, along with the increasing number of warehouses is likely to drive the market growth in the region.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The space frame market is segmented into the following categories.
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Some of the major space frame manufacturers are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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Report – Features |
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|---|---|
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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The market is expected to witness an impressive growth of 10.3% CAGR in the foreseeable future.
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., and Gossamer Space Frames, LLC are among the key players in the market.
North America is expected to be the largest space frame market during the next five years.
The doom roof segment is expected to register the fastest growth in the space frame market in the coming years.
the aluminum segment is expected to register the fastest growth in the space frame market during the next five years.
Expanding construction industry across the world and increasing demand for lightweight materials to minimize construction time and cost are the factors driving the growth of space frame market.
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