Global Scaffolding Market Size, Share & Industry Trends Analysis Report By Material (Steel, Aluminum and Wood), By Type, By End User (Residential, Commercial and Industrial), By Regional Outlook and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Scaffolding Market
Market Report Description
The Global Scaffolding Market size is expected to reach $62.4 billion by 2027, rising at a market growth of 5.2% CAGR during the forecast period.
Scaffolding is a provisional framework that supports workers and materials during the construction, repair, and maintenance of buildings and other artificial structures like bridges, elevated tanks, and towering structures like towers. Scaffolding materials were required as a result. Scaffold materials are most commonly used in cultural events and activities relating to media and entertainment for specialized reasons. Multiple parameters influence the choice of scaffold materials used in the production of different scaffolding products.
Construction is among the most dangerous sectors, with a high rate of work-related injuries and deaths. The usage of scaffolds, which is frequently ascribed to falls from height, is an unique concern for occupational hazards in the construction sector. Assessing the risk levels for various building phases on scaffolding, with diverse job trades, is critical in order to avoid fall incidents.
End consumers are prepared to spend a higher price for scaffold items that work well. Over the projection period, lightweight suspended scaffoldings will acquire substantial traction. These scaffoldings will see a rise in their ability to drastically boost suspended scaffolding production, improve transportation efficiency, and shorten installation time. Due to characteristics such as cost effectiveness and ease of installation, two point suspended scaffoldings would witness continuous expansion and will continue to be the most chosen by end users.
The scaffolding industry has seen a significant increase in the number of competitors supplying components to improve scaffold performance. For years, the Occupational Safety and Health Administration (OSHA) has set standards for preplanning, training, and component and design selection. Flexible structures have been made possible because to the usage of sophisticated manufacturing methods. The panorama of the scaffolding sector has been enriched by the expanding number of qualified individuals.
COVID-19 Impact Analysis
The COVID-19 epidemic has caused damage on the worldwide economy. The construction sector is now dealing with labor shortages, financial pressures, and supply chain issues as a result of the epidemic. This has had a big influence on rental construction services including scaffolding, roofing, and interior finishing goods like carpets, acoustic panels, and fire alarm systems.
Furthermore, the construction sector is heavily reliant on China for practically all materials and equipment, and any disruption will have an impact on the transportation and delivery of basic structures by construction firms and architects. The following two years will be crucial in regulating the predicted supply chain delays as well as the worldwide impact on the building sector and the world economy.
Market Growth Factors:
Infrastructure Developments are expanding across the geographies
Infrastructure development will be substantial in several places throughout the projection timeframe. The enormous expansion in infrastructure building, both residential and non-residential, will provide lots of opportunity for the scaffolding sector to expand. The covid 19 has had a negative impact on the market.
The building business is providing less prospects for market expansion. Nevertheless, the government's new measures to upgrade a company's infrastructure may create more market growth chances. The worldwide market is likewise undergoing extraordinary changes. The utilisation of high-end materials and supporting structures is a relatively new trend in the industry. As a result of these advancements, the total market will have additional opportunities.
The Residential Sector is driving demand
The worldwide scaffolding market is growing due to increased investment in the housing industry and rising construction spending in nations such as the United States, Japan, India, and others. Furthermore, rising urbanisation and population growth are predicted to boost demand for scaffolding systems for renovations, new construction, and a variety of other applications, propelling the global scaffolding market forward. In Mexico, for example, urbanisation increased from 79.87 percent in 2017 to 80.73 percent by 2020. Scaffolding allows builders to effortlessly transfer supplies to the top of a building's construction. The scaffolding serves as a stair-like framework to support the whole construction project.
Market Restraining Factors
Raw Material Price Fluctuation
Raw material prices fluctuate a lot in the scaffolding industry. Wood, steel, and aluminium goods are used to construct the scaffold. The cost of these items might fluctuate a lot. Price changes in cement, sand, and other construction supplies can also have an impact on overall growth. Price changes are a key stumbling block since they might affect Market Revenue. Market discrepancies can be caused by fluctuating revenue. The price changes in building materials are expected to be significant in the projection year. This problem has the potential to slow the market's overall growth pace.
Based on Material, the market is segmented into Steel, Aluminum and Wood. During the projected period, the aluminum scaffolding sector is predicted to develop at the fastest rate. Aluminum is lighter than steel and is used in large quantities as scaffolding which can be physically lifted and installed. Furthermore, aluminum scaffolding may be constructed faster than steel scaffolding, lowering labour costs. Wooden poles and bamboo are often employed in underdeveloped nations with high labour costs. Bamboo scaffolding is widely used in Asia Pacific, and it is valued for its sturdiness, flexibility, and environmental friendliness.
Based on Type, the market is segmented into Supported, Suspended and Rolling. In terms of revenue, the supported scaffolding segment led the market in 2020. Supported scaffolds are made up with one or more platforms that are held in place by rigid, load-bearing components such poles, legs, frames, and outriggers.
End User Outlook
Based on End User, the market is segmented into Residential, Commercial and Industrial. The residential building sector's demand is a major driver of the industry. Scaffolding is continuously in demand in the infrastructure industry. Scaffolding is also required in the new series of high rail projects. High trail construction is widely recognised in the Asia Pacific area.
|Market size value in 2020||USD 45.1 Billion|
|Market size forecast in 2027||USD 62.4 Billion|
|Historical Period||2017 to 2019|
|Forecast Period||2021 to 2027|
|Revenue Growth Rate||CAGR of 5.2% from 2021 to 2027|
|Number of Pages||164|
|Number of Tables||350|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Material, Type, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific was the largest contributor to scaffolding market in 2020, and it is expected to maintain this position throughout the forecast period. Moreover, as infrastructure development activity and building & construction keeps growing throughout the world, the scaffold materials market is likely to be a significant driver. Scaffold materials have seen a significant increase in use in recent years, particularly in Asia Pacific's high-growth area.
Free Valuable Insights: Global Scaffolding Market size to reach USD 62.4 Billion by 2027
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.
Recent Strategies Deployed in Scaffolding Market
- Oct-2021: BrandSafway entered into an agreement to acquire Gerüstbau Muehlhan, based in Hamburg. From this acquisition, the company aimed to enhance its foothold in Germany as well as diversify and expand in other end markets including renewable energy, commercial, and shipbuilding sectors through leveraging Gerüstbau Muehlhan’s expertise in customer service and strong reputation in safety.
- Oct-2019: Layher introduced an Aluminium FlexBeam in the UK market. The revolutionary beam features 3-7m in length and is seven times more powerful than a 450-steel beam, developed for leverage with surface scaffolds that are upright or suspended.
- Jan-2019: BrandSafway completed the acquisition of Lyndon Scaffolding. From this acquisition, the company aimed to extend its overall footprints mainly in its service solutions in significant cities of the U.K. as well as accelerate growth.
Scope of the Study
Market Segments Covered in the Report:
- Aluminum and
- Suspended and
By End User
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Waco Scaffolding and Equipment Company
- Brand Industrial Services, Inc.
- Wilhelm Layher Gmbh & Co Kg
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What would be the size of the scaffolding market by 2027?
The scaffolding market size is projected to reach USD 62.4 billion by 2027.
What are the key driving factors and challenges in the scaffolding market?
Infrastructure Developments are expanding across the geographies are driving the market in coming years, however, raw material price fluctuation limited the growth of the market.
What are the major top companies in the competitive landscape?
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.
Which segment is leading the market in 2020?
The Steel segment is leading the Global Scaffolding Market by Material 2020; thereby, achieving a market value of $30.8 billion by 2027.
Which region dominated the scaffolding market in 2020?
The Asia Pacific is the fastest growing region in the Global Scaffolding Market by Region 2020, and would continue to be a dominant market till 2027.