Scaffoldings are an integral part of the construction process and are growing considerably with rising construction activities globally. Market reports associated with the construction industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is projected to develop at a CAGR of 5.14% in the forecast period.

Rising FDI in construction in the Asia Pacific region is expected to motivate market growth optimistically. Recovery in the construction sector globally is anticipated to provide good opportunities for growth. The rise in the number of companies in the scaffolding market is expected to transform the market’s landscape in the forecast period.

Segmental Analysis

The segmentation of the scaffolding market is carried out on the basis of type, material, application, and region. On the basis of type, the market is segmented into suspended scaffolding, supported scaffolding and rolling scaffolding. The material-based segmentation of the market comprises of aluminum, steel, wood, and others. On the basis of application, the scaffolding market is segmented into electrical maintenance, construction industry, temporary stage, and others. The regions encompassed in the market are Asia Pacific, North America, Europe, and Rest of the World.

Detailed Regional Analysis 

The regional analysis of the scaffolding market comprises of Europe, Asia Pacific, North America, and Rest of the World. The Asia Pacific regions holds a share of more than 45% and led the market in 2016. The Asia Pacific region is expected to be responsible for the largest share of the scaffolding industry and includes nations such as India, China, and Japan. However, the pace of development will be slow, given the relative sluggishness in China’s construction industry. In the North American region, the construction sector has been observing progress after an extended period of stagnation. The slowdown is most noticeable in the residential sector. The North American region is anticipated to observe steady growth in the construction industry, which will conversely benefit the development of scaffolding market. The scaffolding markets in Latin America, Middle East Africa are showing increased potential for future development, owing to the constant economic development with urbanization in these regions.

Competitive Analysis

The leadership trends in the market are reinforcing the level of growth that can be achieved in the present market scenario.  The market is at an optimally productive level and will be capable of generating greater value for the firms in the market and its shareholders. The evolution patterns are reviewed in tandem to the customer likings to realize the highest growth, and in the long run, viability. The diversification of the product assortment in the market is increasing the opportunity for the progress of the market. The potential for profitability in a market has been determined to be optimistic which will be fruitful for future expansions. The ability to utilize the economies of scale is further proving to be beneficial for overall market growth. Although, the market has also considerably neutralized the market advantages and thus is promoting an increase in the number of firms in the market.

The noteworthy contenders functioning in global scaffolding market are Safway Group Holding LLC, PERI GmbH, Wilhelm Layher Holding GmbH Co. KG, ULMA Construction, Altrad Group, MJ-Gerüst GmbH, Stepup Scaffold, LLC, Waco Kwikform Limited, ADTO Industrial Group Co., Ltd., Ltd. Beijing Kangde, Cangzhou Weisitai Scaffolding Co.Ltd., Instant Upright, Itsen Construction Equipment (Guangzhou) Co. Ltd., Youying Group Rapid Scaffolding Engineering Co. Ltd, Changli XMWY Formwork Scaffolding Co., Tianjin Gowe Industrial Co. Ltd., Entrepose Echafaudages, Tianjin Wellmade Scaffold Co. Ltd., Rizhao Fenghua Scaffolding Co. Ltd. and KHK Scaffolding Formwork LLC.

Industry Updates:

Oct 2018 Enigma Industrial Services Holdings Ltd is buying Interserve’s industrial access and hard services business for £3.6m. The division being sold, Interserve Industrial Services (IIS), delivers scaffolding services to house-builders and other contractors as well as insulation painting (SIP) services and scaffolding to big industrial sites.

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