Scaffolding Market Expected to grow at ~5.14% CAGR by 2023

“Scaffolding Market”
Scaffolding Market Research Report, by Type, Material, Application, Growth Factor with the Forecast to 2023

Market Scenario

Global Scaffolding Market by Type (Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding), By Material (Steel, Aluminum, Wood and Others), By Application (Construction Industry, Electrical Maintenance, Temporary Stage, Others) by Region (North America, Europe, Asia Pacific and Rest of World) – Global Forecast to 2023.

Scaffolding is defined as the erection, alteration or dismantling of temporary structure, specifically erected to support a platform. Scaffolds are commonly used for working at heights, and it involves the risk for a scaffolder (person working on a scaffold) to fall from an incomplete scaffold during the erection and dismantling of a scaffold.

Scaffolding is the type of prefabricated construction that involves major structures or components of construction built off-site, generally, at factories to be erected later on site on concrete foundation. The scaffolding market is driven by various factors such as increasing FDI in construction in Asia Pacific region, and supportive government regulations and policies. The scaffolding market has constraints such as fluctuation in raw material prices and slower economic growth, which hinder the growth of the market.

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Scope of the Report

This study provides an overview of the global scaffolding market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Scaffolding market by type, by material, by application, and by regions.

Global Scaffolding Market, By Type

  • Supported Scaffolding
  • Suspended Scaffolding
  • Rolling Scaffolding

Global Scaffolding Market, By Material

  • Steel
  • Aluminum
  • Wood
  • Others

Global Scaffolding Market, By Application

  • Construction Industry
  • Electrical Maintenance
  • Temporary Stage
  • Others

Global Scaffolding Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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Key Players

  • Wilhelm Layher Holding GmbH & Co. KG
  • Safway Group Holding LLC
  • PERI GmbH, Altrad Group
  • ULMA Construction
  • MJ-Gerüst GmbH
  • Waco Kwikform Limited
  • Stepup Scaffold, LLC
  • ADTO Industrial Group Co., Ltd.
  • Changli XMWY Formwork Scaffolding Co., Ltd.
  • Beijing Kangde, Cangzhou Weisitai Scaffolding Co.Ltd.

Global Analysis

On the basis of geography, the global market for marine fuel management is classified as Europe, North America, Asia Pacific, and Rest of the World. With a share of more than 45%, Asia Pacific led the global market, in 2016. Asia Pacific is expected to continue to account for the largest share of the global scaffolding industry, given that it comprises large markets of China, India, and Japan. However, the pace of growth will be low, given the relative sluggishness in China’s Construction industry, the expansion of which will be undermined by the glut of new residential properties. The global scaffolding market is expected to grow at a faster pace than world GDP over the forecast period due to a rise in global construction industry, as Asian economies continue to industrialize and urbanize. In North America, construction has been witnessing growth after a prolonged period of stagnation. This has been the most pronounced in the residential sector, where household deleveraging, slack labor markets, and flat hourly wages have stifled the demand for new home construction. North America is expected to witness gradual growth in construction industry, which in return will affect the growth of scaffolding market. The Scaffolding markets in Latin America and Middle East & Africa are exhibiting great potential for future growth, due to the continuous economic growth with urbanization in these regions.

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