The North America Scaffolding Market would witness market growth of 5.0% CAGR during the forecast period (2021-2027).
Scaffoldings are often composed of durable wood, steel, and aluminum. The growth of the infrastructure business is a major factor in the market's high growth rate. Scaffolding is being used more often as the demand for residential and commercial constructions grows. A sturdy and well-built scaffold can provide adequate support for extraordinary structure construction. The industry is seeing significant demand as a result of these good applications.
Strides in the scaffolding industry have continued to encourage the availability of high-performance, dependable, functional, and long-lasting goods to satisfy the needs of diverse building operations. The fast speed of urbanization is a major trend that is fueling the development of potential profits for market participants. The extensive usage of scaffolds in commercial building has boosted the scaffolding market's development potential. Components from a variety of manufacturers have gained popularity in recent years as a way to ensure that goods work at their best. The requirement for rental scaffolding services in emerging nations has enhanced the prospects of numerous value chain participants. A good example is the expanding number of registered professional engineers. Single-point adjustable suspension scaffolds have gained popularity in recent years.
The expansion of the worldwide scaffolding industry is aided by government expenditure on house retrofitting and renovation operations. For example, from the first quarter of year 2015 to the fourth quarter of 2019, U.S. improvement and repair spending climbed by more than 30%. According to government of Canada figures, the value of the Canadian construction sector was $291.2 billion in 2018 that comprises home improvement, remodeling and renovations of residential and commercial structures. Furthermore, increased expenditure on building and remodeling operations in nations like Germany, the United States, and Japan supports market expansion.
The US market dominated the North America Scaffolding Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12.9 billion by 2027. The Canada market is estimated to witness a CAGR of 7.4% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6.5% during (2021 - 2027).
Based on Material, the market is segmented into Steel, Aluminum and Wood. Based on Type, the market is segmented into Supported, Suspended and Rolling. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Scaffolding Market is Estimated to reach $62.4 Billion by 2027, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PERI Group, ADTO Group, Altrad Group, Atlantic Pacific Equipment (AT-PAC), LLC, ULMA C y E, S. Coop., MJ-Gerüst GmbH, Changli Xingminweiye Architecture Equipment Limited Corporation, and Waco Scaffolding and Equipment Company.
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