Steel Framing and Wood Framing Market Size, Share, Growth, Industry Analysis, By Type (Steel Frames and Wood Frames) By Application (Construction, Residential Housing and Commercial Buildings) and Regional Forecast to 2033

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STEEL FRAMING AND WOOD FRAMING MARKET OVERVIEW

The global steel framing and wood framing market size, valued at USD 8.26 billion in 2025, is expected to climb to USD 13.19 billion by 2034 at a CAGR of 5.3% Forecast From 2025 to 2034.

Construction methods that are widely used to design the building. They are also commonly used in architecture as well. The Steel Framing and Wood Framing Market growth is mainly due to the rapid infrastructure development coupled with urbanization and industrialization especially in the developing countries. It should be noted that residential buildings sector is the dominant player in the wood frame industry and commercial & industry sector are the dominant player in the steel frame industry and with the rise of both these sectors the market is seeing a steady growth in recent years.

STEEL FRAMING AND WOOD FRAMING MARKET KEY FINDINGS

• Market Size and Growth: In the year 2024, the global steel framing and wood framing market was valued at 7.82 billion USD and with constant rise in demand the market is estimated to reach 12.52 billion USD by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 5.34% during the forecast period.

• Key Market Driver: Growing residential and commercial construction are the key market drivers. Over 75% of the residential buildings are using wood frames and steel framing are being rapidly adopted in the growing commercial projects.

• Major Market Restrain: Rising cost of the raw materials is a major market restrain, particularly the cost of steel increased by 15% in 2023. This poses a challenge for builders who are focusing on budget constraints.

• Emerging Trends: Prefabricated and modular framing systems are the emerging trends in the market as it grew by 22% YoY. This is improving the construction speed and reducing on-site waste.

• Regional Leadership: The Leading player in the steel framing and wood framing market is the North America Region as it holds 40% of the global market revenue. The factors fueling this growth are the consumers demand for the strong demand for sustainable and energy-efficient building materials for the construction.

• Key Players: Companies like Nucor, BlueScope Steel and Weyerhaeuser dominant the market as they collectively supply over 60%

• Market Segmentation: When it comes to residential applications, the wood frame dominates the market with over 65% market share. In the commercial and industrial sector, steel framing dominates the market with 30% shares.

• Recent Development: BlueScope Steel, an Australian steel manufacturing and supplying company launched a new product. A new quality of steel that is lightweight and has high-strength. These new product of steel are known to reduce the material usage by 20%. This is done without compromising its properties such as durability.

LATEST TRENDS

Sustainable Construction Trend Boosting The Market Growth

With the growing population and rapidly developing technologies, there has been an increase in the awareness among the people about the growing environmental issues. This is fueling the need for sustainable building practices which is in turn boosting the demand for steel and wood framing materials for construction as they are known to have lower carbon footprint.

GLOBAL CRISIS IMPACTING THE MARKET GROWTH

US TARIFF IMPACT

US Tariff Results In The Higher Cost Of The Raw Materials

The implementation of tariff primarily results in the higher cost of the raw materials which in turn will drastically increase the construction expanses and this will ultimately lead to higher price of the finished homes. It should be also noted that tariffs will significantly reduce the projects thus causing a delay and decline in the growing market. It should be noted that tariffs are known to cause quite an economic strain on the construction industry and this in turn is greatly affecting the employment in construction and also the investment from the key players in the sector. Hence it should be noted that implementation of tariffs on the market will ultimately lead to decline in the growth.

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STEEL FRAMING AND WOOD FRAMING MARKET SEGMENTATION

By Type

Based on Type, the market is segmented into Steel Frames and Wood Frames.

• Steel Frames: The steel frames are used in construction in the form of horizontal and vertical beams that are arranged in a way to support the roofs, walls and floors of the buildings and they are known to give a skeletal look. The reason for the use of steel frames in the construction industry is mainly due to its durable and recyclable properties. These properties coupled with government initiatives for a more sustainable and eco-friendly construction material have helped in boosting the steel frame market in recent years, especially in the commercial and industrial sectors that rely heavily on the steel beams for strong foundation of the commercial buildings. In the year 2023, the global steel frame due to its demand was valued at 37.28 billion USD and this value is expected to expand and reach an estimated value of 59.22 billion USD by the year 2032.

• Wood Frames: This type of frames is most common in the residential areas and also in light commercial areas. In the residential sectors they are preferred as they are known to provide an aesthetic feel to the buildings. Not only are they sustainable but they are also cost effective and are a great source of insulations for the homes. These factors have made the wood frame popular among the residential building materials. In 2023, the wood frame market in the construction industry was valued at 108.24 billion USD and with its rise in demand the market is expected to reach a value of 283.83 billion USD by 2932. The demand for sustainable construction has made the wood frame an ideal material and has become the driving factor for the wood frame market growth.

By Application

Based on Application, the market is segmented into Construction, Residential Housing and Commercial Buildings.

• Construction: In the construction industry the use of steel and wood frames is not new and they are considered as some of the traditional construction materials that are still relevant. The use of steel and wood frames has gained traction as governments around the world are pushing towards sustainable construction methods. Not only are these frames durable but also cost-effective and sustainable sources of materials that have lower carbon footprint compared to the modern construction materials. These factors have played a significant role in the growth of the steel framing of wood framing market.

• Residential Housing: The steel and wood framing in residential housing construction is added to give the houses an aesthetic appeal. In recent years they are even customized according to the customer's preferences. In the year 2022, nearly 94% of the houses were made up of wood frames. The rapid increase of urbanization is also promoting the growth of the steel framing in the residential housing market. The key driving factors in the residential housing market, that is boosting the steel framing and wood framing is sustainability and the eco- friendly mode of construction.

• Commercial Buildings: Although the commercial buildings widely use steel framing for their building constructions, some light commercial buildings also use wood frames as well. Some of the well-known commercial buildings that use both these frames include hospitals, educational institutions, malls and many more. On the other hand, industries widely use steel frames. With the rapid rise of urbanization in developing countries, there is a considerable increase in the commercial buildings as well which has in turn led to the growth of the steel framing and wood framing market in recent years.

MARKET DYNAMICS

Market dynamics includes driving and restraining factor, opportunities and challenges stating the market conditions.

Driving Factors

Booming Construction Industry Boosting the Market Growth

With the rapid growth of urbanization and industrialization especially in the rising economies, there is a constant need for steel and wood framing to meet the rising demand. As both steel and wood framing are quick to install and save time on the construction they are widely preferred and these factors have led to the significant growth of the steel framing and wood framing market.

Affordability Factor Driving the Market Growth

Both the steel and wood frames are known to be cost-effective. This is due to the fact that both the frames are sustainable, and need less maintenance. The steel and wood frames also need less time to incorporate on the buildings there by reducing the construction time. Since they are affordable, the steel and wood framing are commonly used by the middle class for their residential and commercial constructions leading to a significant growth in the market.

Restraining Factor

Fluctuating Cost Restraining the Market Growth

The cost of the raw materials such as steel and wood are constantly changing. This is due to demand, weather conditions and availability. When the supply is low, the cost for the end-users will increase drastically leading to the customer not opting for this product. This results in a decline in the market growth.

Versatility of the Product Opening New Opportunities for the Market Growth

Opportunity

Both the steel and wood framing enable fast construction along with properties such as flexibility in design, designing it to suit the buildings aesthetics. Both the steel and wood frames can be customized according to the preferences of the property owner and this results in an added value for the market. Hence versatility in its design and construction are opening new opportunities for market growth.

Thermal Conductivity & Moisture issues Challenging the Market Growth

Challenge

Steel as a metal is known for its thermal conductivity, when installed in buildings it could impact the insulation efficiency and result in heat conduction. On the other hand, wood is commonly known for absorbing moisture, this leads to creating mold and rotting of the wood. This is very much common in humid areas. These two factors greatly challenge the growth of the steel and wood framing market.

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STEEL FRAMING AND WOOD FRAMING MARKET REGIONAL INSIGHT

• North America

The United States steel framing and wood framing market is considered as a significantly growing market. The market in this region is mainly driven by factors such as rapid industrialization, durability and sustainability properties.

Due to these features the market is in high demand. The steel frame market is expected to reach 10.913 billion USD by 2030. Whereas the wood frame is expected to reach 172.16 billion USD by 2932.

• Europe

The European steel framing and wood framing market is a steady growing market. The growth in this region is propelled by the demand for light weight construction, durable products, and most importantly the affordability of the products.

Among the European region, Germany, holds the largest steel framing and wood framing market share. This is followed by the UK and France. Due to these features the Europe market is expected to grow significantly in the coming years.

• Asia

The Asia-Pacific region of the steel framing and wood framing market is a rapidly growing market. The growth in this region is mainly due increase in the disposable income among the younger generation, rapid urbanization and industrialization especially in the developing countries. Among all the countries in this region China holds the leading position not only in the production but also consumption of timber wood needed for the wood framing in the construction industry. This is followed closely by India with its rapid urbanization. This region is also known to hold 45% of the global wood frame market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

The key industry players are also called the dominant players in the steel framing and wood framing market. The dominant players keep up with the latest trends that took place in the market and which is helping the market growth. These industry players invest in the research and development. This is done to bring out new and innovative products or services in order to keep the products momentum in the market. Key players also come up with new strategies to boost the market.

List Of Key Steel Framing And Wood Framing Companies

• ArcelorMittal (Luxembourg)
• ClarkDietrich Building Systems (U.S.)
• CEMCO (U.S.)
• Hadley Group (U.K.)
• Genesis Manazil Steel Framing (UAE)
• Tata BlueScope Steel (India)
• The Steel Framing Company (U.S.)
• Keymark Enterprises LLC (U.S.)
• Aegis Metal Framing (U.S.)
• Saint-Gobain S.A. (France)

KEY INDUSTRY DEVELOPMENT

May 2024: Tiling Group, an Australian timber wood wholesaler, chose to penetrate Townsville. This penetration is done as the construction industry due to the expansion of the construction market in the North Queensland region. The main aim of the newly constructed facility is to provide aid with more reliable supplies and swifter services mainly for the timber retailers who have previously experienced a service gap in this region.

REPORT COVERAGE

This report covers the basis of the steel framing and wood framing and its market in the global scale. It describes the latest trends in the market to boost the growth. The implementation of tariffs on the market and its effects on the global scale. The report describes the segmentation of the steel framing and wood framing market and its contributions to the market growth. The driving factors and opportunities that boost the market growth. The restraining factor and challenges that hinder the market growth as well. The report also briefly explains the regional insight of the steel framing and wood framing market. The role of key industry players and their contribution to the market growth and the key industry development that took place recently in the market.