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The construction scaffolding rental market size is estimated to grow by USD 2,785.87 million between 2022 and 2027 at a CAGR of 4.86%. The growth of the market depends on several factors, including the rise in global construction activities, stringent safety regulations, and the increasing penetration of rentals.
Scaffolds are temporary structures, which are used to reinforce the primary structure and support workers to stand and bear equipment when performing construction tasks, maintaining and repairing structures, and bridging other infrastructure.
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The rise in global construction activities is notably driving the market growth, although factors such as improper management may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.
The rise in global construction activities is notably driving the 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 the 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 of scaffolding. 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.
Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, China, India, the UK, and Germany. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global 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. - Under its unified segment, the company is involved in providing services for scaffolding and shuttering, which includes products such as ladders, cuplocks, shuttering plates, bridge plates, aluminum ladders, MS pipes, couplers, and other props.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including :
Qualitative and quantitative market growth 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 6683.18 million in 2017 and will continue to grow by 2021. 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 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of staging rental services, which is driven by an increase in the global demand for the industry.
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APAC is projected to contribute 42% by 2027. 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.
Our report forecasts revenue growth at global, regional & country levels and provides a market research report analysis of the latest market trends and growth opportunities from 2017 to 2027. The market has been segmented by product, application, end-user, and region.
The market is experiencing rapid growth, particularly in advanced economies, where it holds a significant share in the global construction market. The demand for staging is prominent in various construction projects, including the implementation of high-speed rail projects, bridges, and other structures.
Suspended scaffolding and mobile scaffolding are key product types catering to diverse industrial applications. In the construction industry, staging serves as a temporary structure essential for safe and efficient project execution. The market plays a crucial role in meeting the requirements of both residential and non-residential construction projects. As developing countries witness increased construction activities, the demand for scaffolding rentals is expected to grow. This market segment addresses the diverse needs within the construction industry, offering flexibility and cost-effective solutions for temporary structures. The market is positioned to play a pivotal role in supporting construction endeavors globally.
Construction Scaffolding Rental Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.86% |
Market growth 2023-2027 |
USD 2785.87 million |
Market structure |
Fragmented |
YoY growth (%) |
4.65 |
Regional analysis |
APAC, North America, Europe, the Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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 & 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, and market condition analysis for the forecast period. |
Customization purview |
If our 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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