Authored By: Sarah
11 Jul 2024

 Scaffolding Market Size to grow by USD 21.9 billion between 2024-2028

According to a research report “ Scaffolding Market” by Type (Supported, Suspended, Rolling) End-user (Construction, Ship building, Electrical maintenance, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 21.9 billion, at a CAGR of  6.75% during the forecast period. In developing countries, including India, construction activity is experiencing a surge due to the expanding need for residential properties. This trend is driven by the rising disposable income of the population, leading to a significant increase in demand for affordable housing. Government initiatives, such as the Pradhan Mantri Awas Yojana in India, aim to provide homes for middle- to low-income groups, thereby encouraging the construction sector. India's commitment to infrastructure development is further evidenced by its plan to invest USD1.4 trillion through the 'National Infrastructure Pipeline' by 2025. Infrastructure-related projects attracted approximately 13% of the USD81.72 billion in total foreign direct investment (FDI) inflows in 2021.

Browse market data tables, figures, and in-depth TOC on “Scaffolding Market” by Type (Supported, Suspended, Rolling) End-user (Construction, Ship building, Electrical maintenance, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the Supported segment is projected to dominate the market size in 2024

Scaffolding plays a crucial role in the construction industry, providing a safe and accessible platform for workers to carry out tasks at various heights. From the building of residential and commercial structures, such as malls, cinema halls, amusement parks, and theme parks, to the construction of infrastructures like bridges and flyovers, scaffolds are an essential component. Additionally, they are utilized extensively in the construction of industrial facilities, including manufacturing factories, oil and gas plants, heavy industry sites like mining and mineral processing, and related infrastructure projects.

By End-user, Construction  segment is expected to hold the largest market size for the year 2024

In the business sphere of the global scaffolding market, the segment pertaining to supported scaffolding refers to structures that necessitate ground-based or other structural supports, such as walls or columns. These systems, which include vertical poles or standards, horizontal ledgers, and diagonal braces, create a robust framework. Supported scaffolding is extensively utilized in various industries, including residential, commercial, and industrial construction, as well as infrastructure projects like bridges, tunnels, and highways. This category of scaffolding can be further categorized based on specific design and configuration.

APAC is forecasted to hold the largest market size by region in 2024

The Scaffolding Market represents a significant business opportunity, driven by infrastructure development and construction projects worldwide. Key players in this sector focus on innovation, cost efficiency, and safety to meet growing demand. Market trends include the use of modular and prefabricated scaffolding systems, as well as the integration of technology for improved productivity and worker safety. The market is expected to experience steady growth in the coming years, making it an attractive investment for businesses in the construction industry.

The Scaffolding Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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
  • Wuxi Rapid Scaffolding Engineering Co. Ltd.
.

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Research Analysis Overview

The Global Scaffolding Market is a significant industry that caters to the demand for temporary elevated platforms used in various sectors for renovation operations, maintenance, cleaning, and temporary staging. The market primarily consists of metal poles and wooden planks used to construct scaffolds, staging, and portable stages. Grid systems and support structures are essential components of scaffolding, providing stability and safety to workers. The Temporary Staging segment of the market is gaining popularity due to its versatility in use for events and construction sites. Aluminum scaffolding is a popular choice due to its lightweight and durability. The Electrical and Mechanical sectors are major consumers of scaffolding for high rail constructions. Developing economies are witnessing a surge in demand for low-cost scaffolding solutions due to the increasing number of home remodeling projects. Unorganized firms pose a challenge to the market due to the lack of safety regulations. However, government programs and privatization initiatives are expected to boost the market growth. The Residential Construction sector and Infrastructure development are significant contributors to the market. Worker safety is a critical concern, leading to the adoption of advanced scaffolding solutions such as rolling scaffolding. Barriers and seating are essential accessories used in scaffolding to ensure safety and convenience. Overall, the Global Scaffolding Market is expected to grow significantly in the coming years.

Market Research Overview

The global scaffolding market is experiencing significant growth due to the increasing construction activities in various sectors such as household furnishing industry, malls, offices buildings, airports, educational buildings, and commercial spaces. The market is driven by population growth and urbanization, leading to increased construction spending in urban areas. Scaffolding manufacturers are producing various types of scaffolding, including suspended and supported scaffolding, to meet the baseline scaffold requirements of these projects. Materials used in scaffolding include granite tiles, marble, steel, aluminum, metal poles, and wooden planks. Scaffolding is used for construction projects, renovation works, repair, and maintenance, as well as for temporary staging, seating, and barriers in various industries such as electrical and mechanical sectors. The market is witnessing an increase in fatalities and injuries due to falls and accidents, leading to a focus on worker safety and advanced access solutions. The market includes brands like BrandSafway, which offer rolling scaffolding and other types of scaffolding. Historically, scaffolding has been used since the ancient period for construction projects. However, with the privatization of the construction industry and government programs focusing on infrastructure development, the market is becoming more organized. Developing economies are also driving demand for low-cost scaffolding solutions. Types of scaffolding include shoring, suspended scaffolding, supported scaffolding, mobile stages, and portable stages, among others. Grid systems and support structures are also essential components of the market. The temporary stage segment is expected to grow significantly due to renovation operations and maintenance, cleaning, and repair activities.

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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