Scaffolding Market Growth, Trends and Forecast Analysis, 2024-2031| KR
Scaffolding was valued at USD 50.40 billion in 2023 and is projected to reach USD 75.37 billion by 2031, growing at a CAGR of 5.23% from 2024 to 2031. In the scope of work, the report includes
Scaffolding Market Growth Factors:
The market's growth is driven by continual innovation in scaffold material and design. Companies are investing extensively in R&D to increase the durability, flexibility, and safety of scaffolding systems. Advanced materials, such as lightweight metals and high-strength composites, are being used into scaffold components to increase load capacity and shorten construction times. Innovative designs, such as modular and prefabricated systems, provide enhanced versatility and efficiency on construction sites. These continual advances attract consumers looking for dependable and cost-effective scaffold solutions, resulting in market expansion and increased competitiveness.
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List of Key Companies in Scaffolding Market
- ADTO Inc.
- Cangzhou Weisitai Scaffolding Co.,Ltd
- Entrepose Echafaudages
- Fast & Fasten Scaffold
- Layher North America
- Rapid Scaffolding(Engineering) Co., Ltd.
- WM-Scaffold
- Youying Construction Scaffold
- ALTRAD
- MJ-GERÜST
Important Developments in the Industry:
Launched in March 2024, PERI brought its cladding system to the scaffolding market in the United Kingdom. The company's system scaffolding components combined with the PERI UP Cladding system to produce a flexible enclosure.
Compared to the systems in use today, it offered significant advantages due to the utilization of lightweight components. Large translucent panels with built-in handrails were a feature of the system that did not require specialist tools. Its ability to enclose building sites efficiently and with fewer components meant that installations were quick and flexible.
November 2023 saw the opening of Layher's newest production facility, "Plant 3," with a primary concentration on the production of Allround Scaffolding. The facility, which occupied about 27 acres, was highly automated and energy-efficient, guaranteeing clients' prompt delivery of superior products. It included digitalization projects, energy-saving technology, and sophisticated production and storage techniques.
Market Segmentation:
The scaffolding market can be segmented based on type, application, and geography.
- By Type: The market includes supported scaffolding, suspended scaffolding, and rolling scaffolding. Supported scaffolding holds the largest market due to its extensive use in construction projects for its stability and ease of use.
- By Application: Key applications include construction, repair and maintenance, and events. The construction sector dominates the market, driven by ongoing and upcoming construction projects worldwide.
Regional Insights:
- Asia Pacific: This region is the fastest-growing market for scaffolding, driven by significant infrastructure investments and urbanization in countries like China and India. Government initiatives to improve infrastructure and housing are boosting the demand for scaffolding in the region.
- North America: The construction industry in North America is well-established, with a high demand for maintenance and renovation projects. The adoption of advanced scaffolding systems to comply with stringent safety standards is a key driver in this region.
- Europe: Europe’s market growth is supported by the region's focus on sustainable construction practices and renovation of old buildings. The presence of major construction companies and the implementation of advanced scaffolding technologies contribute to market growth.
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