Scaffolding Market Research Report 2019 published By Market Research Future, provides information on Global Scaffolding Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding), By Material (Steel, Aluminum, Wood and Others), By Application (Construction Industry, Electrical Maintenance, Temporary Stage, Others) by Region (North America, Europe, Asia Pacific and Rest of World) - Global Forecast to 2023.
Global Scaffolding Market looking at success with 5.14% CAGR between 2017 and 2023 due to rising investment and supportive government regulations
The key players in the global scaffolding market include ADTO Industrial Group Co. Ltd. (China), Altrad Group (France), Beijing Kangde (China), Cangzhou Weisitai Scaffolding Co.Ltd. (China), Changli XMWY Formwork Scaffolding Co. Ltd. (China), Entrepose Echafaudages Itsen Construction Equipment (Guangzhou) Co. Ltd. (China), Instant Upright (Ireland), KHK Scaffolding & Formwork LLC {United Arab Emirates (UAE)}, MJ-Ger st GmbH (Germany), PERI GmbH (Germany), Rizhao Fenghua Scaffolding Co. Ltd. (China), Safway Group Holding LLC (USA), Stepup Scaffold LLC (USA), Tianjin Gowe Industrial Co. Ltd. (China), Tianjin Wellmade Scaffold Co. Ltd. (China), ULMA Construction (Spain), Waco Kwikform Limited (Australia), Wilhelm Layher Holding GmbH & Co. KG (Germany), and Youying Group Rapid Scaffolding Engineering Co. Ltd. (China).
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Scaffolding involves alteration or dismantling of a temporary structure that has been specifically erected to support a platform. It is a type of prefabricated construction where structures or components of construction are built off-site and are later erected on site. Market Research Future (MRFR) has published and released a research report about the global scaffolding market that predicts growth for this market with 5.14% CAGR during the forecast period between 2017 and 2023.
The key factors driving the global scaffolding market include Foreign Direct Investment (FDI) in construction in regions like the Asia Pacific, and supportive government regulations and policies. However, some factors that can restrain the market growth include fluctuation in raw material prices and slower economic growth.
Latest Industry News
11 OCT 2018: An experienced AIS Training instructor has visited Ecuador to develop and implement basic scaffolding awareness training with Jan de Nul staff working onboard vessels. The staff is currently aiding in the construction of a new container port in the region.
3 OCT 2018: The overseas arm of Construction Industry Scaffolders Record Scheme (CISRS), the Overseas Scaffolding Training Scheme (OSTS) has once again increased its reach in the Middle East with the addition of a newly accredited training center in Qatar.
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Market Segmentation and Regional Analysis
The global scaffolding market has been segmented on the basis of application, material, type, and region. Based on application, this market has been segmented into the construction industry, electrical maintenance, temporary stage, and others. The report estimated construction industry is accounting for the largest market share of about 67.65% in 2016, with a market value of more than the US $ 9,500 mn which is expected to grow during the forecast period. The material-based segmentation of the market covers aluminum, steel, wood, and others. Among these, steel accounted for the largest market share of about 46.28%, in 2016. In terms of cash, its market value was approximately US $ 6,500 mn; which is expected to increase throughout the forecast period. By type, the market has been segmented into rolling scaffolding, supported scaffolding, and suspended scaffolding. Supported scaffolding segment held the largest market share of about 68.81% in 2016, with a market value of more than the US $ 9,700 mn and it is expected to grow during the forecast period.
The regional segmentation of global scaffolding market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and the rest of the world (RoW). With a share of more than 45%, so far the Asia Pacific has led the global market, and the status quo continues till the end of forecast period. This is because this region comprises large country-specific markets such as China, India, and Japan. However, the pace of growth is expected to be low, given the relative sluggishness in China s Construction industry, whose expansion will be undermined by the glut of new residential properties. The global scaffolding market has been anticipated to grow at a faster pace than world Gross Domestic Product (GDP) over the forecast period due to a rise in the global construction industry, as Asian economies continue to industrialize and urbanize. Other important country-specific markets in this region are Australia and South Korea, followed by the rest of the Asia Pacific region.
In North America, construction has recently started experiencing growth after a prolonged period of stagnation. Most of the growth so far is in the residential sector, where flat hourly wages, household deleveraging, and slack labor markets have stifled the demand for new home construction. During the forecast period, North America is expected to witness gradual growth in the construction industry, which in return will positively affect the growth of scaffolding market. In this region, the most important country-specific markets are the United States of America (USA), Canada, and Mexico.
Europe is another important regional market because the market for both residential as well as non-residential constructions is active and well-established in Europe. Therefore, the growth in limited. The maximum market revenue in this region comes from France, Germany, Italy, and the United Kingdom (UK), followed by the rest of Europe. In RoW segment, most of the important markets are in Latin America and the Middle East & Africa region. Many countries here are newly experiencing urbanization. Therefore, the market here is slow and limited.
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Global Scaffolding Market was valued US$ 40.50 Bn in 2017 and is expected to reach US$ 72.80 Bn by 2026, at a CAGR of 7.62 % during a forecast period.
The rising construction sector, infrastructural investments, government initiatives, continued privatization are some of driving factor for the growth of global scaffolding market.
Furthermore, rolling scaffolding is favored commonly for projects which have a short-term duration that essentials to be carried out at many locations over a longer distance.
It is mainly used in electrical and mechanical trades.
In some emerging countries, labor cost is extremely affordable consequently, a convention of bamboo and wooden poles is common.
Temporary stages are mostly built with the help of scaffolding for various indoor and outdoor events, which expected to dominate the construction industry end-user segment.
The Global Scaffolding Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Scaffolding Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1876-scaffolding-market-reportThe report also covers the complete competitive landscape of the global Scaffolding market with company profiles of key players such as: LayherSafwayPERIAltradULMAMJ-GerüstBRANDWaco KwikformSunshine EnterpriseADTO GroupXMWYKHK ScaffoldingRizhao FenghuaItsenEntrepose EchafaudagesTianjin GoweRapid ScaffoldingYouying GroupTianjin WellmadeInstant UprightCangzhou WeisitaiBeijing KangdeThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeSupported ScaffoldingSuspended ScaffoldingRolling ScaffoldingBy ApplicationConstruction IndustryOthersBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Scaffolding Market @ https://www.decisiondatabases.com/contact/download-sample-1876The Global Scaffolding Market has been exhibited in detail in the following chapters –Chapter 1 Scaffolding Market PrefaceChapter 2 Executive SummaryChapter 3 Scaffolding Industry AnalysisChapter 4 Scaffolding Market Value Chain AnalysisChapter 5 Scaffolding Market Analysis By TypeChapter 6 Scaffolding Market Analysis By ApplicationChapter 7 Scaffolding Market Analysis By GeographyChapter 8 Competitive Landscape Of Scaffolding CompaniesChapter 9 Company Profiles Of Scaffolding IndustryPurchase the complete Global Scaffolding Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1876Other Reports by DecisionDatabases.com:Global Construction Glass Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Construction Tower Cranes Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Construction Lubricants Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Global Scaffolding Market by Type (Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding), By Material (Steel, Aluminum, Wood and Others), By Application (Construction Industry, Electrical Maintenance, Temporary Stage, Others) by Region (North America, Europe, Asia Pacific and Rest of World) - Global Forecast to 2027.Market OverviewGlobal Scaffolding Market is projected to be valued at USD 2.4 Billion by 2027, with a 5.4% CAGR during the forecast period.The report covers segmentation and drivers for a better glimpse of the market in the coming years.
The scaffolding market has registered significant growth in adoption rates over the past few years in developing nations, such as China, India, and Brazil, owing to the increasing investments in smart city projects.Competitive AnalysisGlobal Scaffolding Market is characterized by the presence of many global, regional, and local vendors.
High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth.
Thus, the vendors should focus on expanding their presence and improving their services.
These companies compete in terms of availability, quality, price, and technology.
They consider product development as a key strategy in the global scaffolding market.
