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The construction scaffolding rental market size is forecast to increase by USD 3.10 billion at a CAGR of 5.15% between 2023 and 2028. The market is experiencing significant expansion, driven by various influential factors. Firstly, the surge in global construction activities, particularly in emerging economies, is fueling market growth. Secondly, stringent safety regulations are compelling construction companies to prioritize the use of rental scaffolding to ensure worker safety and project compliance. Lastly, the increasing penetration of rental housing and the subsequent rise in demand for temporary structures are expanding the market scope. These factors collectively contribute to the robust growth of the market.
It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market is a vital component of the construction and mining industry, providing essential building supplies and construction equipment for projects worldwide. With automatic service updates and smarter machinery, rental firms like Sunbelt Rentals and Aichi Shinwa cater to non-residential construction ventures efficiently. Amid fluctuating raw material prices, Marine Scaffolding and other firms streamline operations, supporting production facilities and infrastructure markets. As demand surges, construction staff rely on trusted rental providers like Climar Scaffolding for reliable manufacturing bases and market situation insights. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in global construction activities is notably driving market growth. Construction activities are increasing, especially across developing countries, due to the growing need for residential housing. The growing disposable income of people has increased the demand for housing. Many governments are encouraging the setting up of houses by providing tax benefits. Governments across the world are also investing significantly in the development of sports infrastructure and facilities. The governments of several countries in the Middle East are focusing on diversifying their economies to reduce their dependence on oil. However, the cost of oil will determine capital investment decisions in the region. Countries in the Middle East such as the UAE and Saudi Arabia offer significant opportunities for the sector.
For instance, the 2022 FIFA World Cup, which is slated to be held in Qatar shortly, is increasing construction spending in the Asian and Middle Eastern regions. The FIFA World Cup 2022 has a budget of USD 8- USD 10 billion. The government of Qatar is building nine new stadiums and renovating three existing stadiums for the event. The industry in UAE is expected to grow at approximately 4% during 2023-2026. The UAE is currently working on various transportation and road infrastructure projects, including the USD 2.7 billion Sheikh Zayed double-deck road project. Scaffolds are essential in most construction activities. Many companies prefer renting scaffolds instead of building their own due to the high costs associated with their transportation and storage. Hence, the rise in these activities will drive the growth of the market during the forecast period.
The introduction of scaffolding robots is the primary trend driving the market growth. There have been several technological advances in the market, which have improved the process of renting these services. The construction industry requires the quick delivery of these services to these sites to adhere to the timelines of projects. Therefore, rental providers are reducing the lead time involved by using advanced technologies such as enterprise resource planning (ERP) software solutions. ERP software solutions enable staging rental providers to control various processes such as managing inventory, locating scaffolds, and checking availability. They also enable the monitoring of delivery and returns. ERP software solutions enable automatic billing to simplify payments.
Several companies such as Orion Software, Scaftech, and ARM provide ERP software solutions for staging rental providers. Some key companies use radiofrequency identification (RFID) technology to check the equipment in their inventory. For instance, Altrad uses Bluetooth low energy (BLE) on staging crates to check the availability of equipment in warehouses. Further, Kewazo has pioneered the use of an on-site material-handling robot called Liftbot for installation. Thus, the incorporation of such advanced technologies will augment the growth of the global market during the forecast period.
Improper management is the major challenge hindering market growth. Proper management is required to operate a staging rental business. Companies must use their assets optimally to maintain profitability. Several costs, such as construction and transportation costs, are associated with maintaining staging used for rentals. These rental companies must change their equipment according to the needs of building sites. Hence, they are required to stock several types. The staging used in these sites is subject to wear and tear due to harsh working environments.
The rough use of staging due to overloading will also cause wear and tear. These factors must be considered to estimate the lifecycle of the scaffolding. The improper management of staging would lead to a loss of opportunities as the proper type of staging would not be available. For instance, Harsco sold its loss-making staging and infrastructure business to BRAND ENERGY AND INFRASTRUCTURE SERVICES because of improper management. Hence, improper management is a challenge for the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Pee Kay Scaffolding & Shuttering Ltd. - The company provides services for scaffolding and shuttering, which include products such as ladders, cuplocks, shuttering plates, bridge plates, aluminum ladders, MS pipes, couplers, and other props.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the supported segment will be significant during the forecast period. Supported scaffolds are commonly used in construction sites. They consist of one or more platforms, which are supported by outrigger beams, brackets, poles, legs, uprights, posts, frames, or similar rigid support structures. Supported scaffolds are used in residential and non-residential building activities. They are also used in infrastructure setup, such as bridges and flyovers. Several governments are increasing their investments in improving the infrastructure. For instance, in 2021, the new US administration planned to invest USD 2.3 trillion in infrastructure development projects, including the setting up of airports, hospitals, and schools. These investments will drive segment growth during the forecast period.
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The supported segment showed a gradual increase in market share with USD 3.14 billion in 2018. Developing economies like India are also investing huge amounts in infrastructural development. For instance, the Indian government in its Union Budget 2022-2023 allocated USD 130.57 billion to enhance the infrastructure sector. To achieve sustainable national development, India plans to invest USD 1.4 trillion in infrastructure between 2019 and 2023. Numerous road infrastructure projects, gas pipeline initiatives, and industrial expansion have all been ongoing in India since 2019. The government of India has suggested spending USD 750 billion on railway infrastructure between 2018 and 2030. Such investments will drive the growth of the supported segment of the market during the forecast period as supported staging holds a major market share. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2018 to 2028.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is the largest geographical segment of the global market in 2022 and will continue to be the largest segment of the market during the forecast period. China dominates the market in the region. It is followed by India and Japan. Rapid urbanization and government support for the housing sector increase the demand for new buildings in these countries. The market has grown steadily in Japan as the country has been investing in improving its infrastructure. Moreover, the Chinese government is investing in developing smart cities, including around 500 pilot projects. Similarly, India is also on a mission to develop 100 smart cities. The building of these cities will necessitate the use of scaffolds. The Government of Indonesia is inviting private investors to develop the country's infrastructure, which will spur the demand for this service. Hence, the positive outlook for the industry in many countries in APAC and increasing investments in industrial and infrastructural development will drive the growth of the regional market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Scaffolding Market: Scaffolding Market by Type, End-user, and Geography - Forecast and Analysis
Precast Concrete Market: Precast Concrete Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Germany, France - Size and Forecast
Ladder Market: Ladder Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Canada, UK - Size and Forecast
The market thrives as a crucial segment within the infrastructure market and residential construction sectors. Offering both supported and suspended scaffolding, industry leaders like ULMA Construction and Asahi Equipment maintain a strong product portfolio and high market ranking. Through strategic investment proposition matrices and merger and acquisition activities, companies such as Inao Leasing and Cheam Scaffolding expand their headquarters presence and reach diverse end-use industries. This market is characterized by automatic service updates and construction specialists catering to various downstream markets with efficiency.
In the market, companies like MR Scaffolding Services, Coles Scaffolding, and MAC Scaffolding offer diverse solutions including supported scaffolding for various end-use industries. With an extensive products portfolio, these firms provide an executive summary of offerings, ensuring efficient project execution. Cheltenham Gloucester Scaffolding and Cape Contracts Scaffolding also play significant roles, facilitating seamless operations with automatic service updates. This market is dynamic, driven by innovation and a commitment to meeting industry demands.
Market Scope |
|
Report Coverage |
Details |
Page number |
183 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.15% |
Market Growth 2024-2028 |
USD 3.10 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.8 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
China, US, UK, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Altrad Group, American Scaffolding, Apollo Scaffold Services Ltd., Approved Access Ltd., ASA SCAFFOLDING SERVICES Ltd., Ashtead Group Plc, Associates Scaffolding Co. Inc., ASW Scaffolding Ltd., Atlantic Pacific Equipment LLC, Brand Industrial Services Inc., CALLMAC Scaffolding UK Ltd., Coles Groundworks Ltd., Condor S.p.A., Hi Tech Scaffolding Pvt. Ltd., Modern China Scaffolding Manufacturing Ltd., Pee Kay Scaffolding and Shuttering Ltd., Shiv Scaffolding and Shuttering, Southwest Scaffolding and Supply Co., The Brock Group, and United Rentals Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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