The size of space frame market was registered at USD 554.6 million in the year 2019 and is anticipated to cross USD 609.9 million by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 10.6%, as per the research by Global Market Insights Inc.
Robust innovations in building designs and elevating demand for lightweight robust materials in the construction sector is anticipated to fuel space frame market growth by 2026. Space frames are extensively used in airports, aesthetic building structures and music concerts infrastructures. They are also used in exhibition pavilions, warehouses, assembly halls, sports arenas, workshops, live concerts, transportation terminals and airplane hangars. In addition, canopies, exterior walls, long span roof tops and floors are some other areas where space frames find application.
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Based on materials, the space frame market is bifurcated into aluminum, steel and metal alloys. Out of these, the metal alloy space frame segment held a market share of more than 12% in 2019. Space frames made using metal alloys are witnessing growing demand owing to the structural advantage such as robustness, durability and rigidity.
Meanwhile, aluminum space frame are gaining prominence in the automotive sector. Automakers are incorporating aluminum space frames in their vehicles to improve fuel economy and overall performance. For instance, in 2016, Rolls-Royce revealed plans to develop and test a new aluminum space-frame for all Rolls-Royce vehicles that are about to go on sale from 2018.
In terms of structure, the market is divided into single, double and triple layer grids. Of these, the single layer grid section registered over USD 70 million in 2019. Single layer grids are used extensively in commercial and residential constructions.
Based on tubes, the space frame business is bifurcated into rectangular and circular hollow sections. Out of these, circular hollow section (CHS) based space frames are used in the making of industrial domes and spheres owing to its outstanding design and performance attributes.
With respect to applications, the space frame industry is segmented into skylights, roofs, dome roofs, canopies & entryways, vertical glazed applications, atriums and other uses such as side bridges and skywalks.
On a global scale, major companies operating in the space frame market are CST Industries, USKON, MERO-TSK International, HHSS Group, Lindner Group, Hindustan Alcox, Core Metallic, DSI Spaceframes, Pillow Space Frame, Gossamer Space Frames, Prisma Metal Industry, Triocon, Octamec and Delta Structures, among others. These firms are undertaking various business strategies such as development and launch of new technologies and products, partnerships and geographical expansions to boost their market share.
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Some Point from Table of Contents:
Chapter 4. Space Frame Market, By Materials
4.1. Global Space Frame Market material insights
4.2.1. Market estimates and forecast, 2016 – 2026
4.2.2. Market estimates and forecast by region, 2016 – 2026
4.3.1. Market estimates and forecast, 2016 – 2026
4.3.2. Market estimates and forecast by region, 2016 – 2026
4.4. Metal alloy
4.4.1. Market estimates and forecast, 2016 – 2026
4.4.2. Market estimates and forecast by region, 2016 – 2026
Chapter 5. Space Frame Market, By Structure
5.1. Global Space Frame Market Structure insights
5.2. Single layer
5.2.1. Market estimates and forecast, 2016 – 2026
5.2.2. Market estimates and forecast by region, 2016 – 2026
5.3. Double layer
5.3.1. Market estimates and forecast, 2016 – 2026
5.3.2. Market estimates and forecast by region, 2016 – 2026
5.4. Triple layer
5.4.1. Market estimates and forecast, 2016 – 2026
5.4.2. Market estimates and forecast by region, 2016 – 2026
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