Global Scaffolding Market by Type (Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding), By Material (Steel, Aluminum, Wood and Others), By Application (Construction Industry, Electrical Maintenance, Temporary Stage, Others) by Region (North America, Europe, Asia Pacific and Rest of World) - Global Forecast to 2023.

Market Scenario

Scaffolding is defined as the erection, alteration or dismantling of temporary structure, specifically erected to support a platform. Scaffolds are commonly used for working at heights, and it involves the risk for a scaffolder (person working on a scaffold) to fall from an incomplete scaffold during the erection and dismantling of a scaffold.

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Scaffolding is the type of prefabricated construction that involves major structures or components of construction built off-site, generally, at factories to be erected later on site on concrete foundation. The scaffolding market is driven by various factors such as increasing FDI in construction in Asia Pacific region, and supportive government regulations and policies. The scaffolding market has constraints such as fluctuation in raw material prices and slower economic growth, which hinder the growth of the market.

The Asia Pacific region is hot for the construction industry, currently, due to the sheer number of construction projects that are set to go underway. With nations such as India and China looking to strengthen their infrastructural base, government aids and subsidies are set to attract significant investment in the construction industry. Increasing population, and inadequacy of housing structures, are set to be the driving factors for the scaffolding market in these regions. The concept of scaffolding is expected to be warmly welcomed in the Asia Pacific region, mainly due to the increasing need for new modular housing facilities to meet the increasing population in the Asia Pacific region.

Global Scaffolding Market is segmented, by type as supported scaffolding, suspended scaffolding and rolling scaffolding. Supported scaffolding segment accounted for the largest market share of about 68.81% in 2016, with a market value of more than USD 9,700 million. It is projected to grow at the highest CAGR during the forecast period. Based on type, the market is segmented as steel, aluminum, wood, and others. Steel accounted for the largest market share of about 46.28%, in 2016, with a market value of more than USD 6,500 million; projected to grow at the highest CAGR during the forecast period. Based on application, the market has been segmented as construction industry, electrical maintenance, temporary stage and others. Construction Industry accounted for the largest market share of about 67.65% in 2016, with a market value of more than USD 9,500 million. It is projected to grow at the highest CAGR during the forecast period.

Global Scaffolding Market is expected to grow with a CAGR of approximately 5.14%, during the forecast period.

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Global Analysis

On the basis of geography, the global market for marine fuel management is classified as Europe, North America, Asia Pacific, and Rest of the World. With a share of more than 45%, Asia Pacific led the global market, in 2016. Asia Pacific is expected to continue to account for the largest share of the global scaffolding industry, given that it comprises large markets of China, India, and Japan. However, the pace of growth will be low, given the relative sluggishness in China’s Construction industry, the expansion of which will be undermined by the glut of new residential properties. The global scaffolding market is expected to grow at a faster pace than world GDP over the forecast period due to a rise in global construction industry, as Asian economies continue to industrialize and urbanize. In North America, construction has been witnessing growth after a prolonged period of stagnation. This has been the most pronounced in the residential sector, where household deleveraging, slack labor markets, and flat hourly wages have stifled the demand for new home construction. North America is expected to witness gradual growth in construction industry, which in return will affect the growth of scaffolding market. The Scaffolding markets in Latin America and Middle East & Africa are exhibiting great potential for future growth, due to the continuous economic growth with urbanization in these regions.

Key Players

The major players operating in scaffolding market are Wilhelm Layher Holding GmbH & Co. KG, Safway Group Holding LLC, PERI GmbH, Altrad Group, ULMA Construction, MJ-Gerüst 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., 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.

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