According to our latest market study on " Construction Scaffolding Market Analysis to 2031, Global and Regional Share, Trends, and Growth Opportunity - by Type, Offering, and Application," the market was valued at US$ 47.99 billion in 2023 and is projected to reach US$ 66.96 billion by 2031; it is anticipated to record a CAGR of 4.3% from 2023 to 2031.
Renovation and retrofitting include upgrades and modifications to the existing structure. Scaffolding is one of the important materials for accessing elevated areas during renovation and rebuilding activities. Renovation and retrofitting often involve work on elevated areas such as facades, roofs, windows, and balconies. Scaffolding provides workers with a safe and stable platform to access these areas, facilitating various tasks such as painting, repairs, and installations. Many older buildings have intricated architectural designs that require careful attention during renovation. Scaffolding allows workers to access and work on these complex designs while maintaining historical and aesthetic elements. Governments of different countries across the globe are focusing on renovation projects involving government institutes and public infrastructure. For instance, in March 2022, the US Department of Energy (DoE) awarded US$ 32 million in funding for retrofitting seven facilities. The contract consists of a total of 30 projects with seven faster and more efficient construction and renovation methods. In addition, governments of various across Europe announced the renovation of different museums. A few of the renovation projects include The Centre Pompidou in France and the Pergamon Museum in Germany. Thus, a rise in government funding for renovation and rebuilding projects fuels the construction scaffolding market growth.
Key Findings of Market Study:
Europe is the prominent market for construction scaffoldings owing to its infrastructure development in construction, oil & gas, manufacturing, and petrochemical industries. The increasing emphasis on occupational safety is boosting the application of standard construction scaffoldings on construction sites. The UK, Ireland, Germany, France, and Italy are a few of the noteworthy players in construction scaffolding markets. Despite high inflation rates and geo-political disturbances such as the Russia-Ukraine war, European countries have steadily grown in the construction and manufacturing industries. Residential construction activities in these countries have experienced slow growth due to high-interest rates and low disposable income. However, the commercial and industrial sectors have shown a positive outlook due to growing government intervention. The oil & gas industry has also experienced changes in the overall scenario as the countries focused on reducing dependency on Russia and emphasizing domestic production and renewable energy. The growing infrastructure development in the oil & gas industry in terms of power plants, oil refineries, and gas stations is driving the construction scaffolding market in Europe.
PERI GmbH, Doka GmbH, Layher NA, ULMA Group, ALFIX, Altrad Group, Haki System Scaffolding, Scafom-tux, Tobler AG, Afix Group, MJ Gerust, KERO, Plettac, Tobler AG, Tubesca-comabi, RMD kwikform, BrandSafway, Wellmade Scaffolding, Duscaff, KGK Scaffolding and Formwork LTD., Caspian Group KTD, Brisko Metal Resources, Bil-Jack Inc, and Direct Scaffold Supply LLP are among the key players profiled in the construction scaffolding market report. Companies operating in the construction scaffolding market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.
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