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Global Scaffolding Market is expecting to reach USD 9,500 million in Market Size by 2023, Forecast MRFR

01-24-2018 12:51 PM CET | Health & Medicine

Press release from: Market Research (MRFR) Future Reports

Global Scaffolding Market is expecting to reach USD 9,500

The Analysis presents the study of Worldwide Scaffolding Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold

Key Players
The 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), Waco Kwikform (Australia), ULMA C y E, S. Coop. (Spain), Entrepose Echafaudages (France) and among others.
Market Research Future published a half cooked research report on Global Scaffolding Market. The scaffolding market is expected to grow at CAGR of around 4.90% during the period 2017 to 2023.

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.

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Global Scaffolding Market is segmented, by type as supported scaffolding, suspended scaffolding and rolling scaffolding. Supported scaffolding segment accounted for the largest market share of about 68.81% in 2016, with a market value of more than USD 9,700 million. It is projected to grow at the highest CAGR during the forecast period. Based on type, the market is segmented as steel, aluminum, wood, and others. Steel accounted for the largest market share of about 46.28%, in 2016, with a market value of more than USD 6,500 million; projected to grow at the highest CAGR during the forecast period. Based on application, the market has been segmented as construction industry, electrical maintenance, temporary stage and others. Construction Industry accounted for the largest market share of about 67.65% in 2016, with a market value of more than USD 9,500 million. It is projected to grow at the highest CAGR during the forecast period.

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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 five-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 its type, by material, by application, and region.

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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On the basis of application, the market has been segmented as Construction Industry, Electrical Maintenance, Temporary Stage and others. Construction industry dominates the application segment of the market. The biggest advantages of scaffolding is the safety benefits it brings to any construction project. Scaffold structures provide stable platform for workers, ensuring safety even at great heights. Many construction projects are based on the exterior of a building, which can be tricky to access without scaffold structure. Temporary stages are basically built with the help of scaffolding, across the world, for various indoor and outdoor events. Scaffoldings are used to install staging systems, mobile stages, support structures, grid systems, seating and barricades.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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