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The rental market for construction scaffolding has been experiencing discernible trends in recent years as a result of the changing dynamics of the construction industry. One significant trend is that there has been an increased demand for scaffolding solutions as a result of the global increase in construction activities. Construction companies, therefore, require reliable and cost-efficient scaffolding alternatives to support their urbanization-driven infrastructure projects. Furthermore, another notable trend in the rental market of construction scaffolding is the use of advanced and innovative forms of scaffolding. Scaffolding providers who have developed their services to offer better safety, efficiency, and flexibility are preferred by builders today. In this context, contemporary materials such as lightweight alloys or composite materials are being integrated into scaffold structures. As well, the application of digital technologies like Building Information Modeling (BIM) and sophisticated software for project planning is progressively becoming more common among firms that rent out scaffolding.
The various construction' scaffolding rates' market trends are driven by cost-effectiveness. A number of building experts prefer renting instead because it is affordable compared to buying all construction equipment, including scaffolds. Besides not having huge upfront costs like purchasing them does, hiring allows users to access high-quality equipment at any time when they need it, saving on capital allocation for other critical areas during the construction period. On its part, sustainability has become one of those driving forces that affect how people perceive what types of rental products they should go for in this industry concerning scaffoldings. Nowadays, there's more focus on sustainable development, hence causing environmentally friendly demands for erection materials used at sites where such buildings are being built. Therefore, it can be observed that many rental companies have started stocking recyclable and sustainable alternatives just like other sectors within the industry, shifting towards green practices due to regulatory needs and increasing awareness among all stakeholders.
Regional trends differ depending on economic levels and the level of construction activities taking place there in terms of variations across different regions. This indicates that in developed regions with established construction industries, there may be a focus or emphasis on technological innovation and sustainability of the scaffolding options. Conversely, emerging markets usually have a high demand for simple scaffoldings that can facilitate their fast building rate. Furthermore, increasing safety regulations and standards in different areas have impacted the design and rental of scaffolding to ensure conformity.
Construction Scaffolding Rental Market Highlights:
Global Construction Scaffolding Rental Market Overview
Construction Scaffolding Rental Market Size was valued at USD 5.1 Billion in 2022. The Construction Scaffolding Rental market is projected to grow from USD 5.5 Billion in 2023 to USD 10.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). An increase in infrastructure projects, significant investment in the construction industry, and rising scaffolding demand at construction sites, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Construction Scaffolding Rental Market Trends
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Growing demand for scaffolding at construction sites is driving the market growth
The growth in government investment on the construction of public infrastructure has encouraged construction and mining operations in emerging economies all over the world. This causes a huge market demand for scaffolding as well as other building equipment. Construction firms and contractors are shifting their attention to renting construction equipment as a result of the increase in the cost of new construction equipment. Industry development is predicted to be fueled by innovations like equipment service tracking & mapping and digital service for automated service upgrades. The pandemic caused significant difficulties that led to interruptions in the worldwide supply chain, the closure of several production facilities, and severe effects on the infrastructure sector, which in turn had an impact on the construction scaffolding rental sector.
The rental industry had stronger growth in 2021 as a result of the uncertainties brought on by pandemics. Following each COVID-19 wave, construction activity has been inconsistent, which encourages small and medium-sized construction companies to rent equipment rather than buy it. Construction Scaffolding Rental is expected to become more popular in the market as a result of the factors mentioned above, which include increased inflation in raw material prices, a shortage of skilled laborers, and high interest rates charged by construction companies.
The key businesses are mostly concentrating on creating smarter machinery by integrating proprietary technological systems. The Telematics system gives quick details about the location and level of performance of both the vehicle and construction equipment. Engine idling hours and GPS location data are transmitted through the system, but the devices' high cost makes them expensive for many small contractors and builders. Because there is no longer a total cost of ownership and rental options are available, the problem has been solved by the construction scaffolding rental service. Thus, driving the Construction Scaffolding Rental market revenue.
Construction Scaffolding Rental Market Segment Insights
Construction Scaffolding Rental: Product Type Insights
The Construction Scaffolding Rental Market segmentation, based on Product Type, includes supported scaffolding, suspended scaffolding, and mobile scaffolding. In 2022, supported scaffolds category ruled the product type segment. These are frequently employed on building sites. They are made composed of one or more platforms that are supported by rigid outrigger beams, brackets, poles, legs, uprights, posts, frames, or other similar structures. Both residential and non-residential building projects use supported scaffolds. They are also employed in the building of infrastructure, such as flyovers and bridges.
Construction Scaffolding Rental Application Insights
The Construction Scaffolding Rental Market segmentation, based on Application, includes new construction, refurbishment, and demolition. In 2022, the market was dominated by the new-construction sub-segment, which also captured the greatest revenue share. This market's expansion is mostly attributable to the rising popularity of scaffolding rental services, which is fueled by an increase in demand for new construction sites around the world.
Construction Scaffolding Rental End User Insights
The Construction Scaffolding Rental Market segmentation, based on End User, includes residential, infrastructure, and non-residential. In 2022, the residential category accounted for the biggest proportion of the global market for construction scaffolding rentals. The rise in construction activity in the business sector is responsible for the expansion of the rental market for construction scaffolding.
Figure 1: Construction Scaffolding Rental Market, by End User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Construction Scaffolding Rental Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Construction Scaffolding Rental market dominated the Construction Scaffolding Rental Market in 2022 and accounted for largest market share. The region's expansion of construction scaffolding businesses is attributable to the affordable, project-specific availability of technologically cutting-edge scaffolding. Specialized scaffolding is preferred because it shortens operation times, eliminates idle time, and enhances overall mining or building operations. Further, the U.S. Construction Scaffolding Rental market held the largest market share, and the Canada Construction Scaffolding Rental market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CONSTRUCTION SCAFFOLDING RENTAL MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The European Construction Scaffolding Rental market is expected to witness a decent growth rate during the forecast period. When the lockdowns were lifted in the second half of 2020, construction activities in the area partially resumed. The market gained traction in 2022 as a result of the region's introduction of widespread COVID-19 immunization campaigns in 2021. As a result, over the projected period, the government's financial assistance and the resuscitation of the building industry would fuel demand for construction scaffolding, which will in turn spur regional market expansion. Further, the German Construction Scaffolding Rental market held the largest market share, and the U.K Construction Scaffolding Rental market was the fastest growing market in the European region.
Asia Pacific Construction Scaffolding Rental market is projected to exhibit the fastest growth over the forecast period. Governments in emerging economies in Asia are heavily investing in the development of highways, airports, dams, and special economic zones (SEZs) in order to expand connectivity, improve commerce, and strengthen the general economy. These activities are attracting the attention of international construction scaffolding rental firms, which are therefore compelled to spend heavily and establish a company based in the area. Further, China’s Construction Scaffolding Rental market held the largest market share, and the Indian Construction Scaffolding Rental market was the fastest growing market in the Asia-Pacific region.
Construction Scaffolding Rental Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their Product lines, which will help the Construction Scaffolding Rental market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Construction Scaffolding Rental Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Construction Scaffolding Rental Industry to benefit clients and increase the market sector. In recent years, the Construction Scaffolding Rental Industry has offered some of the most significant advantages to medicine. Major players in the Construction Scaffolding Rental market, including Altrad Investment Authority S.A.S., Condor S.P.A., Sunbelt Rentals Inc., Ulma C Y E, S. Coop., United Rentals, Inc., Apollo Scaffold Services Ltd., Asa Scaffolding Services Ltd., Asw Scaffolding Ltd., Atlantic Pacific Equipment (At-Pac), Inc., Brand Energy & Infrastructure Holdings, Inc., are attempting to increase market demand by investing in research and development operations.
Texas First Rentals rents out a range of industrial instruments, including forklifts, aerial work platforms, air compressors, and other tools. Its headquarters are in San Antonio, Texas, and it was created in 2015. Texas First Rentals®, a division of HOLT, announced in December 2022 that it had acquired Rental One, a full-service equipment and storage container rental company with 15 locations serving the Dallas-Fort Worth Metroplex and Central Texas regions and providing a full line of construction equipment and supplies.
An integrated equipment services business is H&E Equipment Services, Inc. The company's sectors include rentals of equipment, sales of new and used equipment, sales of parts, and services for repairs and maintenance. Its equipment rentals division rents out its primary industrial and construction equipment categories. The company's used equipment sales business sells used equipment from its rental fleet as well as through sales of equipment that is in stock. Through a skilled internal retail sales force, its new equipment sales segment sells equipment. Its parts sales division sells both parts for the equipment it buys and parts for its own fleet of rental vehicles. It keeps track of the parts inventory. For both its own rental fleet and the equipment owned by its customers, its repair and maintenance services section offers services. It provides continuous preventive upkeep services. It has branches in the Gulf Coast, Intermountain, Southwest, Pacific Northwest, and West Coast. H&E Equipment Services Inc. recently announced the conclusion of its acquisition of One Source Equipment Rentals Inc. for the month of October 2022.
Key Companies in the Construction Scaffolding Rental market include
- Altrad Investment Authority S.A.S.
- Condor S.P.A.
- Sunbelt Rentals Inc.
- Ulma C Y E
- Coop.
- United Rentals, Inc.
- Apollo Scaffold Services Ltd.
- Asa Scaffolding Services Ltd.
- Asw Scaffolding Ltd.
- Atlantic Pacific Equipment (At-Pac), Inc.
- Brand Energy & Infrastructure Holdings, Inc.
Construction Scaffolding Rental Industry Developments
November 2022 Premier The construction site of Garth Brooks' new multilevel honky-tonk bar and entertainment facility, 411 Broadway in Downtown Nashville, is where the sidewalk scaffolding company Urban Umbrella, based in New York City, recently introduced a new sidewalk scaffolding product.
Construction Scaffolding Rental Market Segmentation
Construction Scaffolding Rental: Product Type Outlook
- Supported Scaffolding
- Suspended Scaffolding
- Mobile Scaffolding
Construction Scaffolding Rental Application Outlook
- New Construction
- Refurbishment
- Demolition
Construction Scaffolding Rental End User Outlook
- Residential
- Infrastructure
- Non-Residential
Construction Scaffolding Rental Regional Outlook
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North America
- US.
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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