Increase in Foreign Direct Investments in Construction Sector Expected to Drive World Scaffolding Market over the Forecast Period: Ken Research
Scaffolding could be a provisional structure used to support people & material within the construction or repair of buildings or different structures, also known as staging or scaffold. It is widely used on site to get access to heights & areas which might be otherwise exhausting to get to. It is also used in adapted systems for formwork & shoring, concert stages, grandstand seating, access/viewing towers, ski ramps, half pipes, exhibition stands, and art projects. It is classified as tube & coupler (fitting) parts, H-frame / facade standard system scaffolds, prefabricated modular system scaffold components, timber scaffolds and bamboo scaffolds. Each type is made from numerous components such as ledger, scaffold tie, base jack, brace diagonal, transom, brackets and coupler.
According to study, “World Scaffolding Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world scaffolding market are Wilhelm Layher Holding GmbH & Co. KG, Brand Industrial Services Inc., Unispan, Harsco, ULMA Construction Group, Safway Group Holding LLC, Waco Kwikform Ltd., Entrepose Echafaudages, MJ-Gerust GmbH, PERI Group, Universal Building Supply, Inc., Instant Upright, Adto Industrial Group Co. Ltd., Altrad Group, Stepup Scaffold, LLC, KHK Scaffolding And Formwork LLC, Itsen Construction Equipment Co. Ltd., Rizhao Fenghua Scaffolding Co. Ltd., Tangshan Gangfeng, Youying Group, Beijing Kangde, Changli XMWY Formwork Scaffolding Co., Ltd., Tianjin Wellmade Scaffold Co. Ltd.
Based on type, scaffolding market is segmented into single scaffolding, double scaffolding, trestle scaffolding, cantilever scaffolding, patented scaffolding and steel scaffolding. Double scaffolding segment is used for stone masonry job, also known as mason’s scaffolding. It is also known as the independent scaffolding. Based on component type, market is segmented into suspended scaffolding, supported scaffolding and rolling scaffolding. Suspended scaffolding is used for repair works and paintings. Based on material, market is segmented into steel scaffolding, Bamboo scaffolding, wood scaffolding, aluminum scaffolding and others. Aluminum segment is anticipated to have the highest growth during the forecast period owing to lighter in weight as compared to steel and can be built faster than steel, thus reducing labor cost. Based on location, market is segmented into internal and external. In addition, based on application, industry is segmented into construction market, temporary stage, electrical maintenance and others.
The scaffolding market is driven by increase in foreign direct investments (FDI) in construction, followed by supportive government regulations & policies, inadequacy of housing structures and rise in population. Additionally, renting is a significant source for revenue generation for the companies in the scaffolding market. Around 80% of the cost of scaffolding is consumed in installing, dismantling, and transportation of scaffolding products. Furthermore, lightweight scaffolding is used significantly and helps enhancing the productivity of scaffolding products. However, slower economic growth and fluctuation in raw material prices may impact the market.
Based on geography, USA country holds major share in scaffolding market owing to expansion in construction industry in the country. China, Japan and EU are expected to witness higher growth rate due to increase in modular housing projects, rise in population and renovation projects & investments over the forecast period.
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Ankur Gupta, Head Marketing & Communications