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The scaffolding market size is estimated to increase by USD 20.09 billion at a CAGR of 6.57% between 2022 and 2027. The market's growth is influenced by various factors, notably the surge in construction activities observed in developing nations. Additionally, stringent safety regulations play a pivotal role in shaping market dynamics, prompting construction firms to invest in compliant solutions. Furthermore, advancements in construction technology drive innovation and efficiency within the industry, further fueling market expansion. These factors collectively contribute to the evolving landscape of the construction sector, fostering sustained growth and development in the market.
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The market is driven by various factors, including government programs aimed at infrastructure development and the residential construction sector's expansion. Privatization initiatives further stimulate market growth, while the emphasis on worker safety fuels demand for advanced scaffolding solutions. In developing economies, consumer demand drives market expansion, particularly for low-cost and portable scaffolding options. However, challenges such as unorganized firms and safety concerns associated with traditional scaffolding methods persist. Adapting to technological advancements and addressing safety regulations are critical trends shaping the market's trajectory. Our researchers studied the data for years, with 2022 as the base year. The report presents the key drivers, trends, and challenges for the market.
Stringent safety regulations are driving market growth. Safety gear is required to prevent accidents at construction sites. Therefore, governments of several countries have implemented stringent safety regulations, which have increased their use. According to OSHA, 2.3 million workers in the US work on scaffolds. Therefore, employers are required to provide proper training to workers who erect or dismantle the structure. OSHA has also set standards that define the requirements for designing and constructing scaffolds at construction sites.
Furthermore, scaffolds should be designed by qualified professionals to ensure a good foundation and avoid electrical hazards. The Government of Australia has imposed the Australian/New Zealand Standards (AS/NZS 1576.1:2010) for structure, which mandates the general requirements in construction sites. Hence, the presence of stringent safety regulations will drive the demand for construction scaffolding. This, in turn, will propel the growth of the global market during the forecast period.
Improved productivity and safety is a significant trend in the market. The timely delivery of construction projects has a positive impact on a construction company. It reduces the possibility of overhead costs due to delays. It is a crucial part of construction, maintenance, and repair activities. The reduction in the time required to prepare the structure lowers the lead time and ensures the timely completion of construction projects. Many providers follow techniques that improve productivity and safety, thus reducing erection time and providing the required safety.
For instance, Layher offers all-around scaffolding, ideal for complex architectural buildings and simple constructions. Its connecting technology enables construction companies to reduce the lead time required for the erection. The technology also adheres to regulations related to erections. The use of such products improves the productivity and safety of workers. This, in turn, is expected to support market growth during the forecast period.
The high prices of raw materials are challenging market growth. Some of the key raw materials used in production are steel, aluminum, and wood. The prices of these raw materials have been fluctuating in recent years, which has increased the production cost. As a result, the price has increased, making it unaffordable for many customers. Steel is the most commonly used raw material in the production. However, its price has been rising due to factors such as tariffs and trade tensions between various countries.
For instance, the US has imposed tariffs on steel imports from China, which has led to a shortage of steel in the global market. Similarly, the price of aluminium has been rising. The increasing demand for aluminum in the automotive and aerospace industries has led to a shortage of its supply. These factors will impede the growth of the market during the forecast period.
Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. 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.
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.
ADTO Industrial Group Co. Ltd. - The company offers scaffoldings such as Ringlock, Frame, and Kwikstage. It also manufactures products such as formwork, steel pipes, and structural steel.
Brand Industrial Services Inc. - The company offers scaffoldings such as Sectional, Systems, and Saflock. It also offers scaffold and access solutions, specialty industrial services, forming and shoring, and support services.
We also have detailed analyses of the market’s competitive landscape and offer information on 17 market companies, including:
This report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. Technavio classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is characterized by diverse segments driven by various factors. Government programs and privatization initiatives stimulate market growth, particularly in developing economies. Worker safety concerns bolster demand for innovative scaffolding solutions in the residential construction sector. The market thrives on consumer demand for high rail constructions and low-cost scaffolding options. Aluminum scaffolding dominates the mechanical and electrical sectors, while rolling scaffolding meets the needs of unorganized firms. Temporary stage and support structures segments cater to renovation operations and temporary staging needs, enhancing the overall appearance of infrastructure. Further, In the market, market drivers fuel demand across various sectors, including the mechanical and electrical sectors. The market caters to diverse needs such as portable stages, seating, barriers, and cleaning requirements. Additionally, the temporary stage segment relies on scaffolding solutions comprising wooden planks and metal poles to ensure safety and efficiency in construction and event settings.
The supported segment will account for a significant share of market growth during the forecast period. It refers to scaffolding that includes the use of ground-based or other structural supports, such as walls or columns. Supported scaffolding systems comprise a series of vertical poles or standards, horizontal ledgers, and diagonal braces that are connected together to form a stable structure.
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The supported segment was valued at USD 19.04 billion in 2017 and continued to grow until 2021. Supported systems are used for a wide range of applications, such as construction, maintenance, and repair projects. They are also used in infrastructure construction projects such as bridges, tunnels, and highways. Supported systems can be further categorized into various types, depending on their design and configuration. Some of the common types include frame, tube and clamp, and system. Several governments are investing in improving public infrastructure. The increasing demand for infrastructure projects and the modernization of existing structures will further drive the growth of the segment during the forecast period.
By end-user, the market has been segmented into construction, shipbuilding, electrical maintenance, and residential. The construction segment will account for a significant share of market growth during the forecast period. Scaffolding is an integral part of the construction industry, as it allows workers to work at different elevations. Scaffolds are used in the construction of new buildings. They are also used in infrastructure such as bridges and flyovers. Scaffolds can be used for different purposes, such as access towers of manufacturing plants. The construction of new buildings is increasing globally. The growing volume of trade further necessitates the demand for infrastructure improvements. Therefore, governments of several countries are investing in infrastructure improvements. These factors will drive the growth of the segment during the forecast period.
APAC is estimated to contribute 53% to the growth of the market growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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The market in APAC is dominated by China, followed by India and Japan. Rapid urbanization is fueling the demand for new construction. The market has grown steadily in Japan, as the government has been investing in improving infrastructure. The Chinese government is also investing in the development of smart cities. In addition, the government of Indonesia is inviting private investors to develop the country's infrastructure, which will increase the demand. Therefore, the increasing investments in industrial and infrastructural development will drive the growth of the market in APAC during the forecast period.
The market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market serves diverse sectors including home remodeling, mechanical, and electrical sectors. It provides grid systems for advanced access and supports various applications like mobile stages, barricades, and renovation works. Historically used since the ancient period, scaffolding types evolved to meet modern demands in urban areas. With a surge in residential end users and construction spending, safety remains paramount to mitigate falls and injuries. Leading players drive innovation through business expansions and acquisitions, ensuring compliance with government spending and baseline scaffold requirements. From marble to granite tiles, scaffolding facilitates construction in commercial spaces, educational buildings, airports, and office buildings, contributing to the growth of the household furnishing industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.57% |
Market growth 2023-2027 |
USD 20.09 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.7 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 53% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADTO Industrial Group Co. Ltd., Altrad Group, Anish Scaffolding India Pvt. Ltd., Brand Industrial Services Inc., BSL Scaffolding Ltd., Cangzhou Weisitai Scaffolding Co. Ltd., Changli XMWY Formwork Scaffolding Co. Ltd., KHK Scaffolding and Formwork LLC, MJ Gerust GmbH, PERI AG, Rizhao Fenghua Scaffoldings Co. Ltd., SB Scaffolding India Pvt Ltd., Stepup Scaffold LLC, Uni Span, Universal Building Supply Inc., Waco Kwikform Ltd., Wellmade Scaffold Co. Ltd., Wilhelm Layher Holding GmbH and Co. KG, Wuxi Rapid Scaffolding Engineering Co. Ltd., and GRUPO ULMA S. COOP |
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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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