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Scaffolding Market is Expected to Reach $81.2 Billion by 2030

 

Report Code : A11712

quote the global scaffolding market has witnessed significant growth in the past decade, owing to rise in investment in home remodeling, renovation activities, and rapid urbanization globally. In addition, growth in construction sector in various developing countries such as India, Brazil, and Africa drives the growth of the global scaffolding market. However, fluctuation in raw material prices is anticipated to hamper the growth of the global scaffolding market. In addition, surge in government and private investments in infrastructure sector is anticipated to provide lucrative opportunities for growth of the scaffolding market. quote

Priyanka Khandelwal
Lead Analyst, Construction and Manufacturing at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Global Scaffolding Market by Type, Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global scaffolding market size was valued at $45.7 billion in 2020, and is projected to reach $81.2 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030. In 2020, Asia-Pacific dominated the global scaffolding market, in terms of revenue, accounting for about 47% share of the global scaffolding industry.

An increase in construction activities globally and rise in demand for scaffolding for residential and commercial buildings is expected to drive the growth of the global scaffolding market. Surge in urbanization in developing countries such as India, Brazil, Africa, and others boost the growth of the global scaffolding market. For instance, the urbanization in Africa is expected to grow at a rate of 5.5% from 2020 to 2025.

In addition, government investment in renovation and home remodeling activities increase the demand for scaffolding products, which fuels the growth of the global scaffolding market. For instance, according to data published by government of Canada, the Canadian construction industry value in 2018 was $291.2 billion, which includes home improvement, renovations, and remodeling of commercial & residential buildings. In addition, rise in spending on construction and renovation activities in countries such as Germany, the U.S., and Japan fosters the market growth. For instance, the U.S. Government spending on public and private infrastructure activities increased by 20% from 2012 to 2020.

However, fluctuation in raw material prices and unreliability on harsh weather conditions are anticipated to hamper the growth of the global scaffolding market. Furthermore, government investments in the building infrastructure sector are projected to provide lucrative opportunities for the global scaffolding market growth.

Owing to COVID-19 pandemic situation, various manufacturers in the global scaffolding market had to shut down their business activities due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of scaffolding companies globally. For instance, the net sales of Acrow Formwork and Construction Services Limited based in Australia, declined by 16.0% from 2019 to 2020. Moreover, lack of raw materials, disruption in supply chain, and lack of man power halted the supply chain of scaffolding products. However, the re-initiation of the scaffolding industry and availability of vaccines for coronavirus disease are projected to lead to the opening of the global scaffolding market at their full-scale capacities.

The scaffolding market is segmented on the basis of type, material, end user, and region. On the basis of type, the market is divided into supported scaffolding, suspended scaffolding, and rolling scaffolding. Supported scaffolding segment generated the highest revenue in 2020. Based on material, the market is divided into aluminum, wood, and steel. Steel segment dominated the market in 2020. On the basis of end user, the market is categorized into residential, commercial, and industrial. Residential segment generated the highest revenue in 2020.

Region wise, the scaffolding market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global scaffolding market share, and is anticipated to secure a leading position during the forecast period.

The key players profiled in the report include Atlantic Pacific Equipment (AT-PAC), LLC,  PERI GmbH, ULMA C Y E. S Coop, ADTO Group, ALTRAD, MJ-Gerust GmbH, Changli XMWY Formwork Scaffolding Co Ltd, WACO, Brand Safway, and Wilhelm Layher GmbH & Co KG.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging global scaffolding market trends and dynamics. 
  • By type, the supported scaffolding segment dominated the market, in terms of revenue in 2020, and the rolling scaffolding segment is projected to grow at a CAGR of 7.2% during the forecast period.
  • By end user, the residential-segment registered highest growth in the global scaffolding market in 2020.
  • By material, the steel segment dominated the market, in terms of revenue in 2020, and the aluminum segment is projected to grow at a significant CAGR of 6.5% during the forecast period.
  • The report provides an extensive analysis of the trends and emerging opportunities of the market. 
  • In depth, the global scaffolding market analysis is conducted by constructing estimations for key segments between 2020 and 2030.

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quote Scaffolding Market by Type (Supported Scaffolding, Suspended Scaffolding, and Rolling Scaffolding), Material (Aluminum, Wood, and Steel), and End User (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 2021–2030 quote

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