A rise in the requirement of residential and commercial buildings, which in turn, increases the demand for scaffolding drives the growth of the scaffolding market. For instance, the construction market in India has grown at a rate of about 6% from 2020 to 2021. In addition, according to the United Nation Projections, world population is estimated to reach over 10 billion by 2050. The demand for residential buildings has increased with the surge in population.
Moreover, growth of construction industry globally and remodeling of along with surge in urbanization and rise in awareness on building safety are some of the factors, which fuel the growth of the global scaffolding market.
Rise in urbanization drives the demand for new construction buildings and residential & commercial construction activities, which in turn, increases the demand for scaffolding products that fuels the growth of the global scaffolding market. For instance, according to German Construction Federation, the construction sector in Germany is expected to grow by 4% from 2020 to 2022. Furthermore, there is a rise in disposable income of population in various countries such as China, Brazil, and Africa. For instance, the disposable income of Spain registered a growth of 7.3% from 2020 to 2021. Furthermore, rise in spending on commercial and residential construction activities along with government initiatives to maintain standards of products boost the growth of the global scaffolding market.
However, fluctuation in raw material prices and unreliability on harsh weather conditions are anticipated to hamper the growth of the global scaffolding market.
In addition, construction, manufacturing, hotel, and tourism industries were majorly affected, during the outbreak of the COVID-19 pandemic. Manufacturing activities were halted or restricted. This led to decline in construction activities, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular construction and manufacturing services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by end of 2021.
On the contrary, government investments in the building infrastructure sector are projected to provide lucrative opportunities for the growth of the global scaffolding market.
The scaffolding market is segmented on the basis of type, material, end user, and region. On the basis of type, the market is divided into supported scaffolding, suspended scaffolding, and rolling scaffolding. The supported scaffolding segment generated the highest revenue in 2021. On the basis of material, the market is classified into aluminum, wood, and steel. The steel segment dominated the market in 2021. On the basis of end user, the market is categorized into residential, commercial, and industrial. The residential segment generated the highest revenue in 2021.
Region wise, the scaffolding market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
In 2021, Asia-Pacific was the highest contributor to the global scaffolding market share, and LAMEA is anticipated to secure a leading position during the forecast period.
Competition Analysis
Key companies profiled in the scaffolding market report include Atlantic Pacific Equipment (AT-PAC), LLC, PERI GmbH, ULMA C Y E. S Coop, ADTO Group, ALTRAD, MJ-Gerust GmbH, Changli XMWY Formwork Scaffolding Co Ltd, WACO, Brand Safway, and Wilhelm Layher GmbH & Co KG.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the scaffolding market analysis from 2021 to 2031 to identify the prevailing scaffolding market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the scaffolding market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global scaffolding market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Supported
- Suspended
- Rolling
By Material
- Aluminum
- Steel
- Wood
By End User
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- MJ Gerust GmbH
- Wilhelm Layber GmbH & Co KG
- Atlantic Pacific Equipment LLC
- Waco Equipment
- ULMA C Y E, S. COOP.
- ADTO Group Xiang
- Peri Group
- Changli Xingminweiye Architecture Equipment Limited Corporation
- Altrad Investment Authority
- Brand Safway
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Table of Contents
Executive Summary
The Scaffolding Market is likely to experience a significant growth rate of 4.6% from 2022-2031 owing to increasing market demand from Residential Construction sector.Scaffolding is also known as staging and scaffold. It is a temporary structure used to support a crew member and laborers. It can be made by wooden planks and metal poles such as aluminum and steel. It is used on construction sites for advanced access to areas. It is used to support structures, grid systems, mobile stages, seating, and barricades. It is used to help cleaning, building, repair, and renovation works. Scaffolding is an essential and integral part of almost all construction projects and has been used ever since the ancient period when the first structures were either built or renovated or painted. Types of scaffolding vary with the type of construction work to get access to structures at height during construction. Sometimes it is used to support workers and their tools, but other times it is used to support significant loads from building materials, like bricks, blocks, stucco, or cast-in-place concrete, which is called ‘shoring’ instead of ‘scaffolding’.
Increase in disposable income of individuals and surge in awareness of attractive outdoor designs have shifted the inclination toward home remodeling among residential end users, especially in urban areas, which in turn increases the demand for scaffolding products that drive the growth of the global scaffolding market. For instance, the disposable income of South African population increased by 5.7% to 4th quarter (September-December) 2020.
A rise in investment in the housing sector and increased spending on construction spending across various countries such as the U.S., Japan, India, and others fuel the growth of the global scaffolding market. In addition, rise in urbanization and population growth are expected to increase the demand for scaffolding system for renovation, new building construction, and many other applications, which drive the growth of the global scaffolding market. For instance, urbanization in Mexico grew from 79.87% in 2017 to 80.73% by 2020.
There are different accidents that could occur while construction of a building. As construction is a dynamic task, it includes lot of materials to be carried through the use of scaffolds repeatedly that arises the risk of accidents and falls during the process. Thus, with the use of various advanced materials such as aluminum and steel, the scaffolds are now gaining the strength and helps in providing efficient operation. Scaffolding safety is a combination of practices and safety procedures that enforces proper and safe use of scaffoldings. It involves a set of preemptive actions in building, inspecting, using, and tagging scaffolds. Compliance with OSHA’s standard rules and requirements for working on scaffoldings can minimize or remove workers’ exposure to hazards such as falls, electrocutions, and falling objects.
Around 65% of the construction industry work on scaffolds and experience 4,500 injuries and 60 fatalities annually in the U.S. alone. Scaffolding safety is important because it can help prevent workplace incidents from recurring. With baseline scaffold requirements to keep workers safe such as better inspections, training, and controls, frontline teams can ensure scaffolding safety and be proactive about building a safety culture from the ground up. To ensure scaffolding safety, different scaffold manufacturers are launching scaffolding systems that could be built under the supervision of a competent person; someone who has been thoroughly trained on safe work practices when working on scaffoldings. And workers must be trained by a qualified person before they use the scaffold. The scaffold and its components should also be checked by a competent person and properly tagged before the start of the shift to ensure its integrity and safety. Thus, this is gaining the trust for installing scaffolds in different construction sites, which in turn drives the growth of the market.
A government spending on home retrofitting and remodeling activities globally foster the growth of the global scaffolding market. For instance, U.S. improvement and repair expenditure increased by over 30% from the first quarter of 2015 to the last quarter of 2020. Suspended scaffolding is lightweight, easy to assemble & disassemble, cost-efficient, portable, operated with electrical motor, and durable, which increase the adoption of suspended scaffolding in construction and building maintenance sites that drive the growth of the suspended scaffolding market. Suspended scaffolding is used for cleaning and replacement of glass panels in skyscrapers, shipbuilding, and construction sites, which boost the growth of the global scaffolding market.
However, fluctuation in raw material prices and unreliability on harsh weather conditions are anticipated to hamper the growth of the global scaffolding market. In addition, construction, manufacturing, hotel, and tourism industries were majorly affected, during the outbreak of the COVID-19 pandemic. Manufacturing activities were halted or restricted. This led to decline in construction activities, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular construction and manufacturing services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by end of 2021.
On the contrary, government investments in the building infrastructure sector are projected to provide lucrative opportunities for the growth of the global scaffolding market.
The scaffolding market is segmented on the basis of type, material, end user, and region. On the basis of type, the market is divided into supported scaffolding, suspended scaffolding, and rolling scaffolding. The supported scaffolding segment generated the highest revenue in 2021. On the basis of material, the market is classified into aluminum, wood, and steel. The steel segment dominated the market in 2021. On the basis of end user, the market is categorized into residential, commercial, and industrial. The residential segment generated the highest revenue in 2021.
Region wise, the scaffolding market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2021, Asia-Pacific was the highest contributor to the global scaffolding market share, and LAMEA is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
The major players profiled in the scaffolding market report included are Atlantic Pacific Equipment (AT-PAC), LLC, PERI GmbH, ULMA C Y E. S Coop, ADTO Group, ALTRAD, MJ-Gerust GmbH, Changli XMWY Formwork Scaffolding Co Ltd, WACO, Brand Safway, and Wilhelm Layher GmbH & Co KG.
Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the scaffolding market.
Key Market Insights
- By type, the supported segment was the highest revenue contributor to the market and is estimated to reach $39.6 billion by 2031, with a CAGR of 4.1%. However, the re-rolling segment is estimated to be the fastest-growing segment with a CAGR of 6.8% during the forecast period.
- By material, the steel segment dominated the global market. However, the aluminum segment is expected to be the fastest-growing segment with a CAGR of 5.8% during the forecast period.
- Based on end user the residential segment was the highest revenue contributor to the market with a CAGR of 4.3% during the forecast period.
- Based on region, Asia-Pacific garnered the largest revenue share in 2020, whereas LAMEA is anticipated to grow at the highest CAGR of 14% during the forecast period
Companies Mentioned
- MJ Gerust GmbH
- Wilhelm Layber GmbH & Co KG
- Atlantic Pacific Equipment LLC
- Waco Equipment
- ULMA C Y E, S. COOP.
- ADTO Group Xiang
- Peri Group
- Changli Xingminweiye Architecture Equipment Limited Corporation
- Altrad Investment Authority
- Brand Safway
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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