Construction Scaffolding Market
According to a new comprehensive report from The Insight Partners, the global construction scaffolding market is observing significant growth owing to the increasing growth in the construction industry.
The report runs an in-depth analysis of market trends, key players, and future opportunities. To manufacturer scaffolding, steel and aluminum are the main raw materials. Scaffolding manufacturers procure specific grades of steel and aluminum from the raw material supplier and process further to develop the final product.
Overview of Report Findings
- Market Growth: The construction scaffolding market is expected to reach US$ 66.96 billion by 2031 from US$ 47.99 billion in 2023; it is expected to record a CAGR of 4.3% during the forecast period. High demand for residential and commercial complexes, a rise in government initiatives, and increased high-rise constructions are a few factors contributing to the growth of the construction industry. A few construction projects include residential buildings, commercial complexes, infrastructure development, and industrial facilities. The rise in construction activities is mainly driven by urbanization, increasing population, and growth in the economy. Such growth in high-rise building constructions significantly increased the need for safe and effective building construction materials, ultimately driving the demand for scaffolding. Thus, the rapid growth of the construction industry drives the scaffolding market.
- Growing Construction Activities: The growing construction activities owing to development in the oil & gas, manufacturing, mining, and automotive sectors are expected to fuel the growth of the scaffolding market. Tube and clamp scaffolding, frame scaffolding, and ringlock scaffolding are a few of the major scaffoldings that are widely used across the globe.
- Rising Residential Buildings: The growing requirement for residential buildings and complexes to meet the demands of the increasing population is anticipated to have a positive impact on the residential construction sector in the near future. The growing advancement in residential, commercial, and industrial construction activities, along with the growing government focus on infrastructure development, is also acting as a major driver for the scaffolding market.
- Government Initiatives: In October 2023, the governments of Canada and British Columbia financed more than US$ 10 million for three new water and wastewater facilities in Canada to provide purified and more consistent municipal services. The rising investment in the municipalities of Fraser Lake, Burns Lake, and the District of Mackenzie in Canada is anticipated to fuel the growth of the construction sector, which is likely to propel the scaffolding market growth.
- Geographical Insights: In 2023, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. Asia Pacific is expected to register the highest CAGR during the forecast period.
Market Segmentation
- Based on type, the construction scaffolding market is segmented into frame scaffolding, tube and clamp scaffolding, ringlock scaffolding, cuplock scaffolding, and other conventional scaffolding. The tube and clamp scaffolding segment held the largest share of the market in 2023.
- By application, the construction scaffolding market is segmented into residential buildings, commercial buildings, industrial, oil and gas industry, and events. The commercial building segment dominated the market in 2023.
- In terms of offering, the construction scaffolding market is divided into scaffolding products (sale) and rental solutions. The scaffolding products (sale) segment held a larger share of the market in 2023.
- The construction scaffolding market is segmented into five major regions: North America, Europe, APAC, Middle East & Africa, and South & Central America.
Competitive Strategy and Development
- Key Players: A few major companies operating in the construction scaffolding market include PERI GmbH, Doka GmbH, Layher NA, ULMA Group, ALFIX, Altrad Group, Haki System Scaffolding, Scafom-tux, Tobler AG, Afix Group, MJ Gerust, KERO, Plettac, Tobler AG, Tubesca-comabi, RMD kwikform, BrandSafway, Wellmade Scaffolding, Duscaff, KGK Scaffolding and Formwork LTD., Caspian Group KTD, Brisko Metal Resources, Bil-Jack Inc, and Direct Scaffold Supply LLP
- Trending Topics: Modular scaffolding and modular scaffolding market
Global Headlines on Construction Scaffolding Market
- “ULMA Construction Canada and Bird Stairs Announced Strategic Partnership Agreement”
- “ULMA participated in Construction of Warsaw Museum of Modern Art”
- “Midway Holding Acquires Novakorp Systems Through HAKI”
- “East Coast Rigging & Scaffolding Of Florida Helps Realize New Jaguar Land Rover Facility”
Conclusion
Asia Pacific is projected to register a CAGR of 4.7% from 2023 to 2031. The construction and infrastructure sector in Asia Pacific is undergoing robust expansion and development initiatives, propelled by the region’s surging economic growth and increasing population. Key infrastructure developments include a growing number of railway stations, commercial spaces, buildings, residential housings, airports, and water treatment facilities.
The report from The Insight Partners, therefore, provides several stakeholders—including raw material providers, manufacturers, suppliers & distributors, and end users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
