Scaffolding Market to Expand at a Phenomenal Pace

27/feb/2020 10:59:48 Automotive Market Research Reports Contatta l'autore

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The global scaffolding rental market is eyeing for a phenomenal growth at 5.14% CAGR over the forecast period (2017-2023). Scaffolding which is also known as staging or scaffold is a structure that is temporary in nature and used for supporting work materials and work crew to help in the construction, repair and maintenance of bridges, buildings and other forms of man-made structures. Generally, scaffolds are used on site for getting access to heights as well as areas that are hard to reach. Various forms of materials are used for manufacturing temporary scaffolding structures namely high strength steel, aluminum, wood and bamboo. 

There are plentiful factors that is boosting the growth of the scaffolding market. These factors as per the Market Research Future (MRFR) report include growing demand for scaffolds in the construction industry, improvement in the residential infrastructure, demand for high rise building, new constructions and supportive government policies and regulations. On the contrary, slower economic growth and fluctuation in the prices of raw material are factors that may impede the growth of the scaffolding market over the forecast period.

Market Segmentation

MRFR report provides an extensive segmental analysis of the scaffolding market on the basis of type, material and application.

Based on type, it is segmented into rolling scaffolding, suspended scaffolding and supported scaffolding. Of these, supported scaffolding will have the largest share in the market over the forecast period.

Based on material, the scaffolding market is segmented into wood, aluminum, steel and others. Of these, steel will dominate the market over the forecast period.

Based on application, it is segmented into temporary stage, electrical maintenance, construction industry and others. Of these, construction industry will lead the market over the forecast period.

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Regional Analysis

By region, the scaffolding market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, North America and Europe. Of these, the APAC region will remain at the forefront over the forecast period. Japan, India and China are the key contributors here. The factors that are propelling the market growth include expansion in the construction industry with Asian economies continuing to urbanize and industrialize. The scaffolding market in North America has experienced favorable growth post prolonged term of stagnation and this has specially been seen in the residential segment where flat hourly wages, slack labor markets and household deleveraging have stifled new home construction demand.  This region is predicted to experience gradual growth in the construction sector that in turn will affect the scaffolding market growth. In the Middle East and Africa and Latin America, the scaffolding market will witness huge potential for growth in the future owing to urbanization and constant economic growth in these regions.

Key Players

Key players profiled in the scaffolding market include KHK Scaffolding & Formwork LLC, Rizhao Fenghua Scaffolding Co. Ltd, Entrepose Echafaudages Itsen Construction Equipment (Guangzhou) Co. Ltd., Tianjin Gowe Industrial Co. Ltd., Youying Group Rapid Scaffolding Engineering Co. Ltd, Tianjin Wellmade Scaffold Co. Ltd., Instant Upright, Cangzhou Weisitai Scaffolding Co.Ltd., Beijing Kangde, Changli XMWY Formwork Scaffolding Co., Ltd, ADTO Industrial Group Co., Ltd., LLC, Stepup Scaffold, Waco Kwikform Limited, MJ-Gerüst GmbH, ULMA Construction, Altrad Group, PERI GmbH, Safway Group Holding LLC, Wilhelm Layher Holding GmbH & Co. KG and others.

May 2019- HAKI, leading system access equipment company has come up with its latest iOS mobile application which will help in bringing to life the product portfolio through augmented reality and interactive user guides. This app is a one-stop service that is free and will offer customers access to information related to HAKI applications and equipment round the clock, regardless of the location. Hassle free navigation will allow users in easily finding lists, loading and mounting data and also videos on products such as HAKI Bridge System, Universal System and Stair Power through the click of the button. The app complemented by AR will allow users in taking a closer appearance at core HAKI components and systems in 3D. Zoom and rotation features will provide an in-depth view of structures. With this app, people can enjoy the features of scaffolding right in the palm of their hand.

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