Scaffolding Market Growth Trends Analysis to Reach $81 Billion 2031

The scaffolding market size was $52.2 billion in 2021 and the market is estimated to reach $81 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Scaffolding safety is a combination of practices and safety procedures that enforces proper and safe use of scaffoldings. It involves a set of preemptive actions in building, inspecting, using, and tagging scaffolds. Compliance with OSHA's standard rules and requirements for working on scaffoldings can minimize or remove workers' exposure to hazards such as falls, electrocutions, and falling objects.

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Top Players:
MJ Gerust GmbH, Wilhelm Layber GmbH & Co KG, Atlantic Pacific Equipment LLC, Waco Equipment, ULMA C Y E, S. COOP., ADTO Group Xiang, Peri Group, Changli Xingminweiye Architecture Equipment Limited Corporation, Altrad Investment Authority, Brand Safway

There is a rise in construction activities globally for residential and commercial buildings brought into conclusion during scaffolding market analysis. In addition, there is a surge in urbanization in developing countries such as India, Brazil and Africa. For instance, urbanization in Africa is expected to grow at a rate of 5.5% from 2020 to 2025. Thus, all such factors drive the growth of the market and helped in expansion of scaffolding market.

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In addition, as per scaffolding market trends, government investment in renovation and home remodeling activities increase the demand for scaffolding products, which fuels the growth of the market. For instance, according to data published by government of Canada, the Canadian construction industry value in 2021 was $424.8 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 about 10% from 2020 to 2022.

Segments Based On:
By Type -
Supported
Suspended
Rolling

By Material -
Aluminum
Steel
Wood

By End User -
Residential
Commercial
Industrial

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