Scaffoldings are a temporary structure that is used to support the work crew and helps in transporting raw material at the time of construction, maintenance, and repair of a building. It is widely used on sites to get access to heights and areas. The rapid growth in the construction sector, growing infrastructural investments by the government, and rising urbanization and industrialization across the globe are some of the major driving factors for the growth of the scaffolding market.
MARKET SCOPE
The "Global Scaffolding Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the scaffolding market with detailed market segmentation by product, material, location, application, and geography. The report provides key statistics on the market status of the leading scaffolding market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global scaffolding market is segmented into supported scaffolding, suspended scaffolding, and rolling scaffolding.
- On the basis of material, the market is segmented into wood scaffolding, bamboo scaffolding, steel scaffolding, and aluminum scaffolding.
- Based on location, the market is segmented into external scaffolding and internal scaffolding.
- Based on application, the market is segmented into construction, ship building, electrical maintenance, and others.
MARKET DYNAMICS
Drivers:
- The necessity of scaffoldings on the construction site to achieve height and the rising number of high-rise building construction activities globally are propelling the growth of the scaffolding market during the forecast period.
- The rise in construction of residential as well as commercial sector in developing and developed nations such as China, U.S., U.K., Germany, Japan, India, and others are expected to drive the growth of the scaffolding market.
- Increasing demand for rental of construction equipment across the globe provides ample growth opportunities for the scaffolding market in the coming years.
Restraints:
- Volatile raw material prices may hinder the growth of the scaffolding market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The scaffolding market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the scaffolding market in these regions.
IMPACT OF COVID-19 ON SCAFFOLDING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the scaffolding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from scaffolding market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the scaffolding market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADTO INDUSTRIAL GROUP CO., LTD.
- Altrad Group
- Brand Industrial Services, Inc.
- Cangzhou Weisitai Scaffolding Co., Ltd.
- Entrepose Echafaudages
- MJ-Gerüst GmbH
- PERI
- Rapid Scaffolding(Engineering) Co., Ltd.
- ULMA Construction
- Wilhelm Layher GmbH and Co KG