(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Scaffolding market Outlook, 2029" report has been added to ResearchAndMarkets.com's offering.
The global scaffolding market is anticipated to cross USD 100 billion by 2029, increasing from USD 75.63 billion in 2023. The market is expected to grow with 5.95% CAGR by 2024-29.
Rapid urbanization and infrastructure development projects, including residential, commercial, and industrial construction, are driving the demand for scaffolding. The need for safe access to high-rise buildings and large-scale projects fuels market growth. Stringent safety regulations and standards across various regions necessitate the use of high-quality scaffolding systems. Compliance with these regulations ensures worker safety and enhances the overall market for scaffolding solutions.
The integration of advanced technologies, such as digital monitoring and automated systems, is driving innovation in scaffolding. These technologies improve efficiency, safety, and overall performance, making them attractive to construction companies. The scaffolding industry is witnessing technological innovations that enhance safety, efficiency, and ease of use. Smart scaffolding systems with integrated sensors and monitoring technologies are gaining traction, improving site management and worker safety. Modular scaffolding systems are becoming increasingly popular due to their flexibility, ease of assembly, and adaptability to various construction projects.
These systems reduce construction time and labor costs, making them a preferred choice for many projects. The push for sustainable construction practices has led to a growing demand for eco-friendly scaffolding materials. Recycled and recyclable materials are being used to minimize environmental impact, aligning with green building standards and regulations. The scaffolding rental market is experiencing growth as construction companies seek cost-effective solutions for temporary access needs. Renting scaffolding equipment provides flexibility and reduces the need for storage and maintenance of owned equipment.
Asia-Pacific's leadership in the scaffolding market is primarily attributed to its dynamic urbanization and robust infrastructure development across rapidly growing economies. As countries in this region, such as China, India, and Southeast Asian nations, experience rapid urban expansion, there is an increasing demand for new construction projects, including residential, commercial, and industrial buildings. This surge in construction activities drives the need for extensive scaffolding systems to support building and renovation processes.
Moreover, the region's focus on improving infrastructure - such as roads, bridges, and transportation networks - further fuels the demand for scaffolding, as these projects require temporary access solutions to facilitate construction and maintenance. The growth of major infrastructure projects, coupled with the expansion of cities and urban areas, creates a continuous and substantial need for scaffolding to ensure safety and operational efficiency. Additionally, favorable government policies and investments in infrastructure development contribute to the region's strong market position.
Market Drivers
Economic Growth and Industrialization Maintenance and Renovation of Aging Infrastructure
Market Challenges
Economic Fluctuations and Market Uncertainty Logistical and Supply Chain Issues
Market Trends
Integration of Digital Technologies Focus on Worker Safety and Training Customization and Modular Solutions
Considered in this report:
Historic year: 2018 Base year: 2023 Estimated year: 2024 Forecast year: 2029
Aspects covered in this report:
Scaffolding market outlook with its value and forecast along with its segments Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation
Key Topics Covered
1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.4. COVID-19 Effect
2.5. Supply Chain Analysis
2.6. Policy & Regulatory Framework
2.7. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic/Demographic Snapshot
6. Global Scaffolding Market Outlook
6.1. Market Size by Value
6.2. Market Share by Region
6.3. Market Size and Forecast, by Geography
6.4. Market Size and Forecast, by Type
6.5. Market Size and Forecast, by Location
6.6. Market Size and Forecast, by Material
6.7. Market Size and Forecast, by End user
7. North America Scaffolding Market Outlook
8. Europe Scaffolding Market Outlook
9. Asia-Pacific Scaffolding Market Outlook
10. South America Scaffolding Market Outlook
11. Middle East & Africa Scaffolding Market Outlook
12. Competitive Landscape
12.1. Competitive Dashboard
12.2. Business Strategies Adopted by Key Players
12.3. Key Players Market Share Insights and Analysis
12.4. Key Players Market Positioning Matrix
12.5. Porter's Five Forces
12.6. Company Profiles
12.6.1. PERI SE
12.6.1.1. Company Snapshot
12.6.1.2. Company Overview
12.6.1.3. Financial Highlights
12.6.1.4. Geographic Insights
12.6.1.5. Business Segment & Performance
12.6.1.6. Product Portfolio
12.6.1.7. Key Executives
12.6.1.8. Strategic Moves & Developments
12.6.2. Atlantic Pacific Equipment, LLC
12.6.3. Layher Holding GmbH & Co. KG
12.6.4. ULMA Construction
12.6.5. MJ-Gerust GmbH
12.6.6. Waco Kwikform Limited
12.6.7. Step Up Scaffold
12.6.8. Catari Industria, SA
12.6.9. BrandSafway
12.6.10. Rizhao Fenghua Scaffoldings Co. Ltd.
12.6.11. Trad Group Ltd.
12.6.12. BSL Scaffolding Ltd.
12.6.13. The Brock Group Inc.
12.6.14. Sunbelt Rentals, Inc.
12.6.15. Tianjin Wellmade Scaffold Co. Ltd.
12.6.16. Acrow Formwork and Scaffolding
12.6.17. MALZAMAT QATAR WLL
12.6.18. Al Batin Advanced Contracting Co. Ltd.
12.6.19. Ace Aluminium Scaffolding
13. Strategic Recommendations
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