Scaffolding Market to 2023: Historical Analysis, Growth Rates, Generation, Investment Trends and Opportunities

Market Highlights
The increase in the home improvement and the renovation projects in developed countries secure huge opportunities for the market growth. Scaffolding, is a structure used to support a work crew and materials in the construction, maintenance and repair of buildings, bridges and all other man-made structures. Scaffolding structure is made with different materials such as steel, aluminum, wood and others. Steel scaffolding provides a steady and firm standing. Steel scaffolding can bear the load and the pressure, be it heavy rain or intense wind. As a matter of fact, steel will stand as robust as ever, even in dire circumstances like earthquakes. Steel scaffold can easily be assembled and dismantled, thus improving the work efficiency. Wooden scaffolding, as compared to steel and aluminum, are cost effective. Also they are great for irregular foundation/space where other access equipment are impossible to use.

Hence, the Global Scaffolding Market is expected to grow at a CAGR of 4.90% during the forecast period.

Prominent Players in the scaffolding market include
• Wilhelm Layher GmbH & Co KG (Germany),
• PERI Formwork Scaffolding Engineering (Germany),
• Hunan ADTO Industrial Group (China),
• Safway Group Holding LLC (U.S.),
• KHK Scaffolding & Formwork LLC (U.A.E.),
• Changli XMWY Formwork Scaffolding Co., Ltd. (China),
• MJ-Gerüst GmbH (Germany),
• Rizhao Fenghua Tools Co., Ltd. (China)

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North America region dominates the global Scaffolding market
Geographically, the global Scaffolding market has been divided into four major regions as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region, has accounted for the largest market share, in 2016, followed by Europe and North America. It is expected to be the fastest growing region for the market. Rapid growth in construction, mainly due to industrialization and urbanization, are driving the growth of the market. China, India, and Japan are the major countries of the market. In India, government laying special emphasis on construction and infrastructural development in the 12th Five Year Plan, opportunities abound in the scaffolding industry. In Japan, the infrastructure market is expected to benefit from the government plans to develop infrastructure to transport and accommodate tourists during the 2020 Olympic Games. Accordingly, in 2015, the government allocated JPY3.5 trillion (USD 29.1 billion) for the construction of bridges, roads, tunnels, rail and other related infrastructure to support the economic growth by 2020. All these major developments will certainly boost the scaffolding market in Japan.
Europe is witnessing a noticeable trend of increased application of digital construction. Now, as the demand for construction increases, with the economic situation favoring the market, the development of new technologies and its use in the construction industry, has finally grown. In North America, the construction sector has been coming up after a prolonged period of stagnation. The U.S. is the major market in North America. The construction industry in U.S. is set to pick up over the next five years. Investments to modernize the country’s aging infrastructure and renewable energy sector, alongside the growing population, will generate demand for residential buildings, as drivers of the global scaffolding market.

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Market Research Analysis
For this study, the global scaffolding market has been divided on the basis of types, materials, application, and regions. On the basis of type, the market has been segmented as Supported Scaffolding, Suspended Scaffolding, and Rolling Scaffolding. Among types, supported scaffolding accounts the largest market share. Supported scaffolds consist of one or more platforms supported by outrigger beams, brackets, poles, legs, uprights, posts, frames, or similar rigid support. Supported scaffolding is the most commonly used from of scaffolding and is the type that is mostly used in construction base and in most other forms of work where elevation is required. Suspended scaffolding is typically suspended from a roof or other tall construct. It is the most commonly used when it is not possible to construct a base, or where access to upper levels may be required, and the building of scaffolding from floor to the required level would be impractical. Rolling scaffolding is a similar type of construct to supported scaffolding, but rather than offering a stable base, it uses castor style wheels that enable the base to be moved. This is a useful form of scaffolding when you need to complete work over a longer distance than a single scaffolding construction would permit.

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