Construction Scaffolding Rental Market Size to grow by USD 3105.1 million between 2024-2028
According to a research report “ Construction Scaffolding Rental Market” by Product (Supported, Mobile, Suspended) Application (New Construction, Refurbishment, Demolition) End-user (Non-residential, 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 3105.1 million, at a CAGR of 5.15% during the forecast period. In the global construction sector, developing countries are witnessing a surge in activity due to escalating demands for residential infrastructure. This trend is driven by several factors, including growing disposable income among populations and government initiatives to encourage housing construction. For instance, the Indian government's Pradhan Mantri Awas Yojana aims to provide affordable homes to middle and low-income groups. India's ambitious National Infrastructure Pipeline plans to invest USD1.4 trillion in infrastructure development over the next five years, with infrastructure-related operations accounting for approximately 13% of the USD81.72 billion in total FDI inflows in 2021. To achieve the goal of housing for all by 2022, India requires the construction of 43,000 homes per day. These dynamics underscore the significant potential for growth in the construction scaffolding rental market in developing countries..
Browse market data tables, figures, and in-depth TOC on “Construction Scaffolding Rental Market” by Product (Supported, Mobile, Suspended) Application (New Construction, Refurbishment, Demolition) End-user (Non-residential, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the Supported segment is projected to dominate the market size in 2024
In the realm of construction, supported scaffolds are a crucial component, providing a stable platform for workers to carry out their tasks effectively. These structures, consisting of one or more platforms, are supported by various means such as outrigger beams, brackets, poles, and frames. The versatility of supported scaffolds makes them indispensable in both residential and non-residential construction projects, as well as in the development of critical infrastructure like bridges and flyovers. Notably, governments worldwide are recognizing the importance of infrastructure investment for economic growth. For instance, the Indian government has allocated a substantial budget of USD130.57 billion in Union Budget 2022-2023 for infrastructure development. With ambitious plans to invest USD1.4 trillion in this sector between 2019 and 2023, India is poised to make significant strides in national development. This increased investment in infrastructure is expected to fuel the demand for supported scaffolds in the construction industry.
By Application, New Construction segment is expected to hold the largest market size for the year 2024
The new construction segment represents the largest market share in the global construction scaffolding rental industry in 2023, with an expected continued dominance throughout the forecast period. Scaffolding plays a crucial role in providing access for construction workers to all areas of a building, particularly in high-rise and mid-height structures, which often include integrated stairs or access points for workers to reach designated building levels. The escalating trend of constructing high-rise buildings globally will fuel the demand for scaffolding, thereby propelling the expansion of the global construction scaffolding rental market within the new construction segment during the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
The construction scaffolding rental market represents a significant business sector, with companies providing temporary structures for workers to access elevated areas during building projects. This market is characterized by continuous growth, driven by increasing construction activities and stringent safety regulations. Key players in this industry prioritize innovation, efficiency, and safety to meet the evolving needs of construction firms and ensure project success.
The Construction Scaffolding Rental 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:
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Research Analysis Overview
Title: Construction Scaffolding Rental Market: A Comprehensive Analysis of Key Players and Market Trends The Construction Scaffolding Rental Market is a significant sector in the construction industry, with key players such as Aichi Shinwa, ASA Scaffolding Services, Coles Scaffolding, MR Scaffolding Services, ASW Scaffolding, Cheam Scaffolding, Climar Scaffolding, Construction staff, Marine Scaffolding, Sunbelt Rentals, Condor, and Altrad leading the way. According to the latest market research report, the ranking of these players is subject to change due to the dynamic market situation. The report provides insights into the market situation, including the infrastructure market, production facilities, and raw material prices. Key players in the market are investing in smarter machinery and automatic service updates to stay competitive. Construction ventures in the non-residential construction sector are the primary consumers of construction scaffolding. Other notable players in the market include Manufacturing bases like Smarter machinery, Building supplies, Construction equipment, and Scaffolding. Marine Scaffolding and Construction and mining are also significant consumers of construction scaffolding. The market research report provides an in-depth analysis of the market, including the competitive landscape, market size, and growth prospects. With the increasing demand for construction scaffolding, investors are expected to continue to show interest in this sector. Overall, the Construction Scaffolding Rental Market is poised for growth, with key players investing in innovation and technology to meet the evolving needs of the construction industry.
Market Research Overview
Executive Summary: The global Construction Scaffolding Rental Market is witnessing significant growth due to the increasing demand from the non-residential construction, residential construction, infrastructure, demolition, and refurbishment sectors. Key players in this market include Cape Contracts Scaffolding, MAC Scaffolding, Aichi Shinwa, Marine Scaffolding, Cheltenham Gloucester Scaffolding, ASA Scaffolding, Coles Scaffolding, MR Scaffolding Services, ASW Scaffolding, Cheam Scaffolding, Climar Scaffolding, Inao Leasing, Brand Energy, Merger and acquisition (M&A) activities, and others. Major players in the market are focusing on expanding their product portfolios and manufacturing bases to cater to the growing demand for suspended and supported scaffolding in various end use industries. For instance, Suspended scaffolding is widely used in high-rise construction projects, while supported scaffolding is commonly used for smaller construction sites. Key players in the market include Suspended scaffolding specialists such as Cape Contracts Scaffolding, MAC Scaffolding, and Aichi Shinwa, while supported scaffolding specialists include Marine Scaffolding, Cheltenham Gloucester Scaffolding, ASA Scaffolding, Coles Scaffolding, MR Scaffolding Services, ASW Scaffolding, Cheam Scaffolding, and Climar Scaffolding. Investors are also showing interest in the market due to its potential for growth and the increasing demand for construction equipment and building supplies. Key players in the market include Asahi Equipment, ULMA Construction, Sunbelt Rentals, Condor, Altrad, and others. The market research report provides an investment proposition matrices, market ranking, and a detailed analysis of the products portfolio, headquarters, end use industries, construction staff, and executive summary of each key player. The report also provides insights into the market situation, merger and acquisition activities, downstream markets, and the impact of raw material prices and smarter machinery on the market. The market for Construction Scaffolding is expected to continue its growth trajectory, driven by the infrastructure market, production facilities, automatic service update, and the increasing demand for construction and mining projects. The market is highly competitive, with key players focusing on innovation and expansion to maintain their market position.
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