The scaffolding market will grow at a 5.14% CAGR between the forecast period 2021- 2023, states the recent Market Research Future (MRFR) analysis.
Scaffolding, simply put, is the erection, dismantling, or alteration of a temporary structure erected to support a platform. It is mostly used for working at heights. Wood, steel, aluminium, and others are the different types of scaffolding that have wide applications in temporary stage, electrical maintenance, construction industry, and others. Scaffolding rolling, scaffolding sponsored, and suspended scaffolding are its different forms.
Various factors are propelling the global scaffolding market growth. According to the recent MRFR report, such factors include the rising usage of biomaterials like composites and polymers, ongoing advancements in the reconstructive surgical process, constant research activities to design innovative matrix-based 3D substrates, growing construction sector, government initiatives, infrastructural investments, continued privatization, and key features such as cost-effectiveness, safety, and easy installation.
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On the contrary, slower economic growth, fluctuation in prices of raw materials, and the impact of the on-going COVID-19 pandemic may limit the global scaffolding market growth over the forecast period.
Market Segmentation/Scaffolding Segment
The MRFR report highlights an inclusive segmental analysis of the global scaffolding market based on form, type, and application.
- By form, the global scaffolding market is segmented into scaffolding rolling, scaffolding sponsored, and suspended scaffolding. Of these, the scaffolding sponsored segment will lead the market over the forecast period.
- By type, the global scaffolding market is segmented into wood, steel, aluminium, and others. Of these, the steel segment will dominate the market over the forecast period.
- By application, the global scaffolding market is segmented into temporary stage, electrical maintenance, construction industry, and others. Of these, the construction segment will spearhead the market over the forecast period.
By region, the scaffolding industry report covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. The presence of large markets in Japan, India, and China, rise in the global construction industry, industrialization, and urbanization, and rise in stem cell and regenerative medicine research are adding to the global scaffolding industry share in the region.
In North America, the global scaffolding market is predicted to have healthy growth over the forecast period. Increasing adoption in the residential sector where flat hourly wages, slack labor markets, and household deleveraging, booming construction industry, developed healthcare framework, increasing investments to expand applications of such technologies, and strategies undertaken by key players to expand the use of 3D constructs and regenerative medicine in different applications are adding to the global scaffolding market growth in the region.
In Europe, the global scaffolding market is predicted to have sound growth over the forecast period.
In the Rest of the World, the global scaffolding market is predicted to have steady growth over the forecast period for growing urbanization and constant economic growth.
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Key contenders profiled in the scaffolding industry report include KHK Scaffolding & Formwork LLC, RizhaoFenghua Scaffolding Co. Ltd., EntreposeEchafaudagesItsen Construction Equipment (Guangzhou) Co. Ltd., Tianjin Gowe Industrial Co. Ltd., Youying Group Rapid Scaffolding Engineering Co. Ltd, Tianjin Wellmade Scaffold Co. Ltd., Instant Upright, CangzhouWeisitai Scaffolding Co.Ltd., Beijing Kangde, Changli XMWY Formwork Scaffolding Co., Ltd., ADTO Industrial Group Co., Ltd., Stepup Scaffold, LLC, Waco Kwikform Limited, MJ-Gerüst GmbH, ULMA Construction, Altrad Group, PERI GmbH, Safway Group Holding LLC, and Wilhelm Layher Holding GmbH & Co. KG.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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