Global growth on the horizon
According to analysts, the global light gauge steel framing market is projected to grow to an approximate value of $52.8 billion AUD over the next five years, signalling a strong Compound Annual Growth Rate of 4% in that same period.
Asia-Pacific reigns supreme
It is expected that the Asia-Pacific region will retain its standing as the largest market due to an increase in construction activities – particularly commercial buildings – along with investments in infrastructure both privately and publicly. However, globally, the residential sector is set to see the most growth thanks to continued and increasing demand for houses built with steel frames and trusses.
Australian trends mirror report findings
At AusSteel, we are seeing evidence of this trend continuing daily, with sustainability, durability, and quick construction turnaround being key factors of importance to our customers and partners. Customers are looking to steel framing options for minimal waste during the design and construction of their build, while retaining the high quality of construction and design flexibility that steel framing affords.
#buildbetter gets even better
With the future of the light gauge steel framing market looking promising, we see great potential and opportunities for Australian steel frame suppliers like us. In this market, product quality is of the highest importance. That’s where AusSteel’s #buildbetter philosophy continues to drive our innovation and success. With such potential on the horizon, we’re looking at even more ways to make the experiences of our customers and partners “too easy”. From opening more facilities throughout the Eastern states of Australia – like our latest (and rather impressive) facility in Goulburn, to continually improving systems and processes, our focus is as precise as our machines!
Want to know more?
We offer factory tours at our three facilities: Cameron Park and Goulburn (both located in NSW) and Crestmead (Brisbane – Queensland). If you’re a builder wanting to get a glimpse behind the scenes, get in touch with us to arrange your tour today. Or perhaps you’re in the process of designing a sustainable home for yourself and want to know more about the benefits of steel framing? We’re happy to help! Let’s chat.
