The Scaffolding Market is being driven by Rise in construction activities in developing countries
The Scaffolding Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24.5 billion. In the construction sector, time efficiency is crucial for maintaining a positive company image and mitigating potential overhead costs due to project delays. Scaffolding is an essential component of construction, maintenance, and repair activities. By implementing techniques that enhance productivity and safety in scaffolding erection, providers can significantly reduce the time spent on site preparation. This time savings contributes to decreased lead times and the timely completion of projects, ultimately benefiting both the construction industry and its clients.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 24.5 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, China, Japan, India, South Korea, Australia, UK, Canada, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Global Scaffolding Market encompasses infrastructure projects, residential construction, and various sectors like high rail constructions, mechanical, and electrical, driven by government programs and privatization. Unorganized firms dominate traditional scaffolding, while developing economies favor low-cost solutions. Products include support structures, grid systems, portable stages, seating, barriers, cleaning, and maintenance equipment for renovation operations. The temporary staging segment, including rolling scaffolds and mechanical scaffolds, is growing. Materials include wooden planks and metal poles, with aluminum scaffolding gaining popularity.
The global construction and engineering market encompasses businesses specializing in non-residential construction, including engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. This sector excludes companies involved in residential construction activities. Factors driving market expansion include significant investment in urban infrastructure development, with growing urban populations necessitating enhanced transportation, communication services, and essential utilities such as water and electricity. Additionally, government programs promoting privatization and the safety regulations imposed on high rail constructions are expected to boost market growth. However, the unorganized sector, which predominantly relies on traditional scaffolding methods, poses a challenge to market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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