Global Scaffolding Market was valued US$ 40.50 Bn in 2017 and is expected to reach US$ 72.80 Bn by 2026, at a CAGR of 7.62 % during a forecast period.
Scaffolding is a transitory structure either outside or inside a building used by construction workers while building, cleaning, or repairing the building construction. Scaffoldings are generally made of wooden planks and metal poles such as steel or aluminum. These are broadly used on construction site to advance access to heights or areas which would be hard to reach. Scaffoldings are mostly used to install staging systems, support structures, grid systems, mobile stages, seating, and barricades.
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The rising construction sector, infrastructural investments, government initiatives, continued privatization are some of driving factor for the growth of global scaffolding market. Supportive government principles and policies regarding labor safety are one of the key drivers of the global scaffolding market. Maintenance which involves cleaning, painting jobs repairs, electrical installations, and other activities will boost the demand for supported or suspended scaffoldings during the forecast period.
The supported scaffolding segment is estimated to hold significant growth in the global scaffolding market. It offers the feature such as easy installation, safety, and cost-effectiveness, which turns to increase the demand for it. This type of scaffolding is mostly used across all construction requirements. Furthermore, rolling scaffolding is favored commonly for projects which have a short-term duration that essentials to be carried out at many locations over a longer distance. It is mainly used in electrical and mechanical trades.
Aluminum is light in weight than steel. Scaffoldings require them to be manually lifted & put in place where it requires. Aluminum is ideal over steel as the scaffolding can be built faster, in this manner reducing the labor cost. In some emerging countries, labor cost is extremely affordable consequently, a convention of bamboo and wooden poles is common. Bamboo scaffoldings are generally used in the Asia Pacific where it is preferred for flexibility, strength, and eco-friendliness.
Scaffolding is the safety assistance it brings to any construction project. Its Structures offer a stable platform for workers, safeguarding protection even at great heights. Many construction projects are based on the external structure of a building, which can be complex to access without scaffold structure. Temporary stages are mostly built with the help of scaffolding for various indoor and outdoor events, which expected to dominate the construction industry end-user segment.
External scaffolding is expected to dominate global scaffolding market during the forecast timeline. External scaffoldings are used about 50% of the overall construction of a building or ship whereas internal scaffolding is primarily used for maintenance requirements.
The Asia Pacific is expected to lead global scaffolding market owing to growing industrialization and rapid urbanization. Enhancement in residential infrastructure along with new construction activities such as high-speed rail project in Japan and Trans-Sumatra Toll Road in Indonesia is supporting the demand for scaffolding. Growing FDI in construction and supportive government regulations concerning labor safety are expected to lead the scaffolding market globally. New residential properties that are being developed in developing economies such as China and India are boosting the growth in the global scaffolding market.
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Key profiled and analysed in the Global Scaffolding Market
ULMA Construction, MJ-GerÃ¼st GmbH, Waco Kwikform Limited, Stepup Scaffold, LLC, ADTO Industrial Group Co., Ltd., Changli XMWY Formwork Scaffolding Co., Ltd. Beijing Kangde, Cangzhou Weisitai Scaffolding Co.Ltd., Wilhelm Layher Holding GmbH & Co. KG, Safway Group Holding LLC, PERI GmbH, Altrad Group Instant Upright, Tianjin Wellmade Scaffold Co. Ltd., Youying Group Rapid Scaffolding Engineering Co. Ltd, Tianjin Gowe Industrial Co. Ltd., Entrepose Echafaudages Itsen Construction Equipment (Guangzhou) Co. Ltd., Rizhao Fenghua Scaffolding Co. Ltd. and KHK Scaffolding & Formwork LLC.
Scope of the report for Global Scaffolding Market
Global Scaffolding Market, By Product
Global Scaffolding Market, By Material
Global Scaffolding Market, By Location
Global Scaffolding Market, By End User
Global Scaffolding Market, By Geography
Middle East & Africa
Key players in Global Scaffolding Market
Waco Kwikform Limited
Stepup Scaffold, LLC
ADTO Industrial Group Co., Ltd.
Changli XMWY Formwork Scaffolding Co., Ltd.
Cangzhou Weisitai Scaffolding Co.Ltd.
Wilhelm Layher Holding GmbH & Co. KG
Safway Group Holding LLC
Altrad Group Instant Upright
Tianjin Wellmade Scaffold Co. Ltd.
Youying Group Rapid Scaffolding Engineering Co. Ltd
Tianjin Gowe Industrial Co. Ltd.
Entrepose Echafaudages Itsen Construction Equipment (Guangzhou) Co. Ltd.
Rizhao Fenghua Scaffolding Co. Ltd.
KHK Scaffolding & Formwork LLC.
Report Description : https://www.trendsmarketresearch.com/report/analysis/MMR/global-scaffolding-market
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