NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global scaffolding market size is estimated to grow by
USD 21.9 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 6.75% during the forecast period. Rise in
construction activities in developing countries is driving
market growth, with a trend towards improved productivity
and safety. However, shortage of skilled labor poses a
challenge. Key market players include ADTO Industrial Group Co.
Ltd., Altrad Group, Anish Scaffolding India Pvt. Ltd., Brand
Industrial Services Inc., BSL Scaffolding Ltd., Cangzhou Weisitai
Scaffolding Co. Ltd., Changli XMWY Formwork Scaffolding Co. Ltd.,
GRUPO ULMA S. COOP, KHK Scaffolding
and Formwork LLC, MJ Gerust GmbH, PERI SE, Rizhao Fenghua
Scaffoldings Co. Ltd., SB Scaffolding India Pvt Ltd., Stepup
Scaffold LLC, Uni Span, Universal
Building Supply Inc., Waco Kwikform Ltd., Wellmade Scaffold Co.
Ltd., Wilhelm Layher Holding GmbH and Co. KG, and Wuxi Rapid
Scaffolding Engineering Co. Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Supported,
Suspended, and Rolling), End-user (Construction, Ship building,
Electrical maintenance, and Residential), and Geography (APAC,
North America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
ADTO Industrial Group
Co. Ltd., Altrad Group, Anish Scaffolding India Pvt. Ltd., Brand
Industrial Services Inc., BSL Scaffolding Ltd., Cangzhou Weisitai
Scaffolding Co. Ltd., Changli XMWY Formwork Scaffolding Co. Ltd.,
GRUPO ULMA S. COOP, KHK Scaffolding and Formwork LLC, MJ Gerust
GmbH, PERI SE, Rizhao Fenghua Scaffoldings Co. Ltd., SB Scaffolding
India Pvt Ltd., Stepup Scaffold LLC, Uni Span, Universal Building
Supply Inc., Waco Kwikform Ltd., Wellmade Scaffold Co. Ltd.,
Wilhelm Layher Holding GmbH and Co. KG, and Wuxi Rapid Scaffolding
Engineering Co. Ltd.
|
Key Market Trends Fueling Growth
The construction industry values time, with timely project
completion enhancing a company's reputation and minimizing
delay-related overheads. Scaffolding is essential for construction,
maintenance, and repair activities. To expedite scaffolding setup
at construction sites, providers employ productivity-enhancing and
safety-ensuring techniques. For instance, Layher's Allround
Scaffolding, suitable for complex and simple projects, boasts quick
erection times and adherence to regulations. This technology boosts
worker productivity and safety, contributing to market
growth.
The scaffolding market is currently experiencing significant
growth due to the increasing construction activities worldwide.
According to industry reports, the demand for scaffolding solutions
is on the rise, particularly in sectors like residential,
commercial, and infrastructure. The use of advanced scaffolding
technologies such as suspended scaffolds, tube and clamp scaffolds,
and system scaffolds is becoming increasingly popular.
Additionally, the trend towards sustainable and eco-friendly
scaffolding materials is gaining momentum. Acoustic scaffolding and
scaffolding with fire-resistant properties are also in high demand.
The market is expected to continue its upward trajectory in the
coming years, driven by these trends and the ongoing construction
boom.
Research report provides comprehensive data on
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Market Challenges
• The
construction industry relies heavily on scaffoldings as a vital
support system for workers and materials at various heights. OSHA
mandates proper scaffold erection for a safe working environment,
with nearly 2.3 million US workers (65% of the construction
workforce) utilizing scaffolds. However, a shortage of skilled
labor due to varying scaffold designs and component usage hinders
industry growth. This issue is prevalent in expanding industries
like New Zealand's construction
sector and US refineries, leading to project delays and market
challenges.
• The
scaffolding market faces several challenges in the construction
industry. One major challenge is the high cost of scaffolding,
which can significantly impact a project's budget. Another
challenge is the time-consuming process of erecting and dismantling
scaffolds. Additionally, ensuring safety during scaffold use is a
constant concern. The use of advanced technologies, such as
prefabricated and modular scaffolds, can help address these
challenges by reducing costs, improving efficiency, and enhancing
safety. However, the initial investment for these solutions can be
high. Therefore, striking a balance between cost and benefits is
crucial for businesses in the scaffolding market.
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challenges - Download a Sample Report
Segment Overview
This scaffolding market report extensively covers market
segmentation by
- Type
- 1.1 Supported
- 1.2 Suspended
- 1.3 Rolling
- End-user
- 2.1 Construction
- 2.2 Ship building
- 2.3 Electrical maintenance
- 2.4 Residential
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Supported- The global scaffolding market's
supported segment experiences growth due to increased
infrastructure investments. In 2023, the US administration
allocated USD1.78 trillion, and
India's Union Budget set aside
USD119.70 billion. India aims to invest USD1.4 trillion between 2019 and 2023. These
investments fuel the demand for supported scaffolding in
construction, maintenance, and repair projects, contributing
significantly to market expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Scaffolding Market encompasses infrastructure development
and residential construction sectors in both developing and
advanced economies. Government programs promoting privatization and
modernization have led to an increase in demand for scaffolding
solutions. Traditional scaffolding methods, such as wooden planks
and metal poles, are being replaced by low-cost, mechanized
alternatives like rolling scaffolding and aluminum scaffolding.
High rail constructions, home remodeling, and renovation operations
in the mechanical and electrical sectors also require robust
support structures. Grid systems, portable stages, seating,
barriers, cleaning, and maintenance are integral components of the
temporary staging segment. The Global Scaffolding Market is
expected to grow significantly due to the increasing demand for
temporary staging in various industries. Keywords: Infrastructure,
Government programs, Privatization, Worker safety, Residential
construction sector, Scaffolding, High rail constructions,
Unorganized firms, Traditional scaffolding, Low-cost scaffolding,
Developing economies, Home remodeling, Rolling scaffolding,
Mechanical sector, Electrical sector, Aluminum scaffolding, Support
structures, Grid systems, Portable stages, Seating, Barriers,
Cleaning, Maintenance, Renovation operations, Temporary stage
segment, Temporary staging.
Market Research Overview
The Scaffolding Market encompasses the production and
distribution of scaffolding solutions used in various industries
for construction, maintenance, and repair projects. These
structures provide a safe and stable platform for workers to access
hard-to-reach areas. Scaffolding types include system scaffolds,
tube and clamp scaffolds, and suspension scaffolds. Materials used
include aluminum, steel, and fiberglass. Factors driving market
growth include increasing infrastructure development, growing
construction industry, and stringent safety regulations. Trends
include the use of modular and prefabricated scaffolds and the
integration of technology for improved efficiency and safety.
Applications span across sectors like residential, commercial,
industrial, and energy.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Supported
- Suspended
- Rolling
- End-user
-
- Construction
- Ship Building
- Electrical Maintenance
- Residential
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio