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The Scaffolding Market is a dynamic and integral part of the construction industry, playing a crucial role in providing temporary support and access for various building and maintenance activities. Several key factors contribute to the market dynamics, influencing its growth and trends. Demand for Rental Services: The trend towards renting scaffolding rather than purchasing is on the rise. Renting offers construction companies and contractors flexibility, as they can access the required scaffolding for specific projects without the need for long-term investments. The rental market is expanding, with businesses opting for cost-effective solutions that align with project timelines and requirements. Innovations in Access Solutions: Scaffolding systems are evolving to provide innovative access solutions for complex structures. Adjustable and adaptable scaffolding designs are being developed to accommodate challenging architectural configurations. This trend caters to the increasing demand for scaffolding solutions that can provide safe access to intricate and unconventional building designs. Global Infrastructure Development: The Scaffolding Market is closely tied to global infrastructure development trends. With ongoing projects such as the construction of bridges, skyscrapers, and transportation networks, there is a continual demand for reliable scaffolding systems. Emerging economies with robust infrastructure development plans contribute significantly to the growth of the scaffolding industry. Collaborations and Partnerships: Collaboration among stakeholders is becoming more prevalent in the Scaffolding Market. Manufacturers are forming strategic partnerships to enhance their product portfolios, expand market reach, and capitalize on complementary expertise. These collaborations contribute to the development of comprehensive scaffolding solutions that meet the diverse needs of the construction industry. Construction and Infrastructure Growth: The demand for scaffolding is closely linked to the growth of the construction and infrastructure sector. As construction projects surge globally, including residential, commercial, and industrial developments, there is a concurrent increase in the need for reliable and safe scaffolding solutions. Safety Regulations and Standards: Stringent safety regulations and standards govern the scaffolding market. Compliance with these regulations influences product design, manufacturing processes, and usage practices, shaping the market dynamics as safety becomes a paramount concern for construction projects.
Scaffolding Market Highlights:
Global Scaffolding Market Overview
Scaffolding Market Size was valued at USD 47,945.8 million in 2021. The scaffolding market industry is projected to grow from USD 50,774.6 million in 2022 to USD 75,843.4 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2022 - 2030). The expanding construction industry, investments in infrastructure, government programs, and ongoing privatization are some of the market drivers propelling the growth of the worldwide market. One of the significant factors propelling the market is supportive governmental ideas and regulations regarding worker safety.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Scaffolding Market Trends
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The growing construction sector boosts the market growth
As per market dynamics, the expanding demand from the residential construction sector is driving the market. Scaffolding is usually necessary for the infrastructure sector. Additionally, the new kind of high rail constructions most urgently require scaffolding. The Asia-Pacific region is well-known for its high trail construction. It makes it simple for construction workers to carry goods to a building's top floor. The scaffolding provides a stair-like framework to support the entire construction process. Demand from the construction sector would be the main factor driving the growth of the scaffolding market revenue.
Figure1: Size of the construction market from 2020 to 2030 in a trillion
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
On the other hand, a sizable number of unorganized firms are active in the market in rising nations, including South Africa, Russia, Brazil, China, and India. According to market statistics, in India alone, traditional scaffolding is used in almost 95.0% of construction projects. Customers prefer low-cost scaffolding because it is less expensive. After all, the construction industry in developing economies requires a lot of cash. Therefore, these factors have a negative impact on the market, mainly in emerging economies, and are slowing the sector's expansion.
According to market research, another reason driving the market is the expansion in response to rising consumer demand for home remodeling and replacement. For instance, according to a January 2021 article from Harvard Joint Center for Housing Studies, home renovation and repair expenditures are predicted to rise from 3.5 percent at the end of 2020 to 3.8 percent by the end of 2021. Therefore, such expansion has recently enhanced the market CAGR.
Scaffolding Market Segment Insights
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Scaffolding Type Insights
The scaffolding market segmentation, based on type, is supported scaffolding, suspended scaffolding, and rolling scaffolding. In the worldwide scaffolding market, the supported scaffolding segment is predicted to experience considerable growth of 41%. It has benefits, including simple installation, safety, and affordability, which raise demand for it. Most of the time, this kind of scaffolding is employed for building purposes.
Figure 2: Scaffolding Market, by Type, 2021& 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Additionally, rolling scaffolding is frequently chosen for short-term operations that must be completed at numerous places over a greater distance. It is mostly employed in the mechanical and electrical sectors.
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Scaffolding Material Insights
The scaffolding market data has been bifurcated by material into steel, aluminum, wood, and others. The sector for aluminum scaffolding is anticipated to increase at the fastest rate throughout the anticipated period concerning the scaffolding market revenue. With its lesser weight than steel, aluminum is frequently used in scaffolding that can be physically raised and positioned.
December 2021: Aditya Birla Group's metals flagship, Hindalco Industries Ltd., reached a binding agreement to buy Hydro's aluminum extrusions business in India for Rs 247 crore. Hydro's Kuppam plant has a 15,000-ton capacity for aluminum extrusions and superior value-added capabilities for surface treatment and fabrication. This acquisition has further broadened the growth opportunity for the scaffolding industry.
The second fastest-growing segment in the scaffolding industry is bamboo scaffolding. Steel is outperformed by bamboo in terms of tensile strength. Additionally, it is fully environmentally friendly and far more affordable to use.
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Scaffolding Application Insights
Based on application, the scaffolding market outlook has been segmented into the construction industry, electrical maintenance, temporary stage, and others. In 2021, the construction industry dominated the market. It is used in support structures, grid systems, portable stages, seating, and barriers. It can be used for cleaning, construction, maintenance, and renovation operations. It is extremely important to the construction business. According to the market forecast, the temporary stage segment will see the fastest growth. This growth can be attributable to the growing preference for the overall appearance of the infrastructure. Hence, rising applications of temporary staging positively impact market growth.
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Scaffolding Regional Insights
By region, the study provides market insights into Europe, Asia-Pacific, North America, and the Rest of the World. Asia-Pacific's scaffolding market accounted for USD 20,185.1 million in 2021 and is estimated to exhibit a significant CAGR growth of 42.10 percent during the study period. With their widespread availability and affordability, bamboo and hardwood plyboards are extensively utilized in this region to create formwork and scaffoldings. The accessibility of raw resources and the affordability of labor are boosting market revenue growth. As an illustration, the minimum salary for contract employees in India is an average of USD 148 per month (Rs 10,000). Moreover, China's scaffolding market held the largest market share, and the Indian scaffolding market was the fastest-growing market in the Asia-Pacific region.
Furthermore, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: SCAFFOLDING MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The North American scaffolding market accounted for the second-greatest revenue share in 2021, resulting from ongoing developments and improvements in the concrete and formwork industries. Businesses are expanding internal innovation and efficiency while developing new value opportunities for their current and potential customers, fueling the market's revenue growth in this area. For instance, CEMEX aggressively promotes innovation in the building industry. CEMEX's Digital Innovations in Motion program includes its efforts to innovate its business offering, back-office functions, and smart manufacturing.
In 2021, the Europe scaffolding market had the third-largest revenue share, thanks to increased research activities for creating novel formwork components. For instance, ETH Zurich researchers have created a system of 3D-printed formwork components to generate a pattern of empty cells throughout the slab by setting them inside mold used to manufacture pre-cast concrete panels. They are constructed of recyclable mineral foam. As a result, less concrete is needed throughout the construction process. Further, the German scaffolding market held the largest share, and the UK scaffolding market was the fastest-growing market in the European region.
Scaffolding Key Market Players & Competitive Insights
The scaffolding market will continue to rise due to market players spending a lot of money on R&D to diversify their product lines. Market participants engage in various strategic activities to increase their presence in conjunction with key market developments such as new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. According to the market competitive landscape, the players must offer reasonably priced products if they want to expand and survive in a market that is getting increasingly cutthroat.
Local manufacturing to cut operational costs is one of the main business methods used by the scaffolding industry to serve customers and grow the market sector. Some of the most important advantages the scaffolding industry has recently provided to medicine. Market major players, such as PERI GmbH, Waco Kwikform Limited, Wilhelm Layher Holding GmbH, ADTO Industrial Group Co.Ltd, and others, support R&D initiatives to increase market demand.
PERI is one of the world's major manufacturers and providers of formwork and its systems. PERI is one of the world's largest manufacturers and suppliers of formwork and scaffold systems, with revenues of € 1,614 million in 2021. It has its headquarters in Weissenhorn (Germany), 9,100 workers, more than 60 subsidiaries, and well over 160 warehouse sites. For instance, in July 2022, PERI Formwork Systems, Inc., a major developer and provider of formwork and scaffolding systems developed a new industry standard for bridge building. VARIOKIT Pier System (VPS) bridges the gap between safety and efficiency by cleverly providing an adjustable, rentable, and highly effective way to manufacture bridge columns and caps.
Layher represents innovation, safety, "made in Germany" quality, and a solid customer partnership. Layher solutions tried and proven, and constantly refined, are now the standard for scaffolding construction: rapid to install and dismantle, safe in operation, and versatile in application. For instance, in April 2022, Layher Holding GmbH & Co released the Allround Scaffold, named after the company and maybe the greatest modular scaffolding solution. Modular Scaffolding System is Layher Allround Scaffolding. Allround Scaffolding is analogous to Allround Performance because it is a single system with various applications. Even with the most challenging layouts, architectural styles, and stringent safety regulations, Allround Scaffolding is always the faster, safer, and more cost-effective alternative.
Key Companies in the scaffolding market include
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Altar Group
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LLC
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Wilhelm Layher Holding GmbH
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Step up Scaffold
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KHK Scaffolding & Formwork LLC
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Safway Group Holding LLC
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PERI GmbH
Scaffolding Industry Developments
July 2022: StepUp Scaffold UK, a Glasgow-based subsidiary of the StepUp Scaffold Group in Memphis (US), which offers scaffolding and access equipment in the UK market, has finalized the acquisition of MP House ApS, which is located just outside Copenhagen. MP House is a market leader in the supply of tools, equipment, and accessories to Danish scaffolding operators.
July 2022: Doka, a provider of formwork, solutions, and services to the construction industry, has reinforced its existing partnership with renowned American scaffolding manufacturer AT-PAC by acquiring a significant investment in the US-based company. Doka and AT-PAC developed an initial relationship in 2020 to provide comprehensive building site solutions, and the partnership has been increasing ever since.
Scaffolding Market Segmentation
Scaffolding Type Outlook
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Supported Scaffolding
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Suspended Scaffolding
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Rolling Scaffolding
Scaffolding Material Outlook
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Steel
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Wood
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Others
Scaffolding Application Outlook
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Construction Industry
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Electrical Maintenance
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Temporary Stage
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Others
Scaffolding Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Russia
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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South Korea
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Australia & New Zealand
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Rest of Asia-Pacific
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Latin America
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Mexico
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Brazil
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Argentina
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Rest of Latin America
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Middle East & Africa
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Turkey
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GCC Countries
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South Africa
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Rest of the Middle East & Africa
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