USD 50.62 billion
Report ID: SQSG15J2010 | Region: Global | Published Date: April, 2023 | Pages: 247 | Tables: 90 | Figures: 76
Scaffolding Market size was valued at USD 50.62 billion in 2021 and is poised to grow from USD 52.8 billion in 2022 to USD 72.7 billion by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).
Scaffolding, also known as staging and scaffold, is a temporary structure used to support a crew member and laborers. Planks made of wood or metal poles made of steel or aluminum can be used to make it. On construction sites, it is used to gain advanced access to areas. Support structures, grid systems, mobile stages, seating, and barricades all make use of it. Cleaning, building, repair, and renovation projects all benefit from its use. The building industry relies heavily on scaffolding. A platform that helps with cleaning, building, renovating, and fixing structures is scaffolding. The task of receiving and removing the scaffold is challenging. The worker must work at heights and take precautions to avoid falling from great heights. The room that houses the scaffold is made of steel and wood. Most scaffoldings are made of sturdy steel, aluminum, and wood. The market's rapid expansion can be attributed in large part to the expansion of the infrastructure industry. Demand from the residential construction industry is a major market driver. The infrastructure industry is always in need of scaffolding. In addition, scaffolding is required for the new line of high rail structures. Builders can easily move materials to the top of a building's construction with scaffolding. The scaffolding supports the entire construction project as a stair-like structure. During the forecast period, the market would be primarily driven by construction industry demand.
US Scaffolding Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 50.62 billion
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Global Scaffolding market is segmented on the basis of type, material, end user, and region. By type, the market is segmented into the supported scaffolding, suspended scaffolding, rolling scaffolding. By material, the market is segmented into the aluminum, wood, steel. By end user, the market is segmented into Residential, Commercial, Industrial. By Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Scaffolding Market Analysis by Type
Based on the Type, Supported scaffolding segment generated highest revenue in 2021. The most widely used kind of scaffolding in the construction industry is supported scaffolding. A platform that is supported by poles, frames, or other structures is what makes it up. The platforms can be fixed or mobile, and they can be made of wood, metal, or plastic. Additionally, it is typically employed in construction, painting, and repair projects. The platform of suspended scaffolding is suspended from cables or ropes. Window washing, building maintenance, and repair are all common uses for it. Additionally, it is frequently employed in the construction of skyscrapers. Suspended scaffolding can be divided into two categories: multi-point and single-point. While multi-point scaffolds have multiple suspension points, single-point scaffolding is supported by a single suspension point. Mobile platforms known as rolling scaffolds can be moved around a worksite. They can be used on level surfaces and are supported by wheels or casters. Typically, rolling scaffolds have two platforms, one at the top and one at the bottom, separated by a set of steps. Painting or repairing ceilings, for example, require a higher level of mobility, so these scaffolds are used.
Scaffolding Market Analysis by Material
Based on material, Steel segment dominated the market in 2021. Steel scaffoldings are temporary platforms that workers use to perform tasks at heights above ground level. They can be supported from below or suspended from above. In order to facilitate simple work, building construction projects may require a variety of scaffolds.
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Asia Pacific dominated the global market. Market expansion is being fueled by the expanding residential, educational, and other building infrastructure developments. Additionally, the scaffolding reduces the number of workplace accidents. The Asia-Pacific market as a whole is benefiting from the growing government support for scuffling.
North America is another crucial regional player in the market. North America is known for having a lot of money to spend and high investment rates. The construction industry receives more funding. In the end, it's making scaffolding more in demand. Europe is the following enormous market. The market is full of industry giants. There is the market extension and most noteworthy creation rate kept around here. Emerging markets in Latin America and the Middle East and Africa offer numerous growth opportunities. In Latin America and the Middle East, the other market leaders are attempting to boost production. This region has greater access to raw materials, which will lead to further developments.
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Scaffolding Market Drivers
Rising Demand for Scaffolding in Construction Industry
Scaffolding Market Restraints
High Price of Raw Material
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To broaden their reach and withstand the fierce competition in the market, the major players in the global Scaffolding market have adopted key strategies like business acquisition and expansion. For instance, in October 2021, the African-based Altrad Group purchased the rope access and inspection services company CIDES Congo. The acquisition was made with the intention of expanding the scaffolding systems product line.
Scaffolding Market Top Player’s Company Profile
Scaffolding Market Recent Development
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According to our Global Scaffolding Market analysis, the other regional players will outgrow Asia Pacific. The market revenue rate and demand in the Asia-Pacific region are enormous. Based on the Type, Supported scaffolding segment generated highest revenue in 2021.
|Market size value in 2021||USD 50.62 billion|
|Market size value in 2030||USD 72.7 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Scaffolding Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Scaffolding Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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