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Scaffolding Market 2022 Major Competitors, Regional Segments, Strategies and Forecast 2030

Sep 28, 2022 8:00 PM ET

Scaffolding Market 2022 Major Competitors, Regional Segments, Strategies and Forecast 2030

The market size of the Scaffolding market is expected to reach 44,523.80 million Dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the Scaffolding market is expected to grow with a CAGR or Compound Annual Growth Rate of 5.90% according to expert analysts. Scaffolding refers to a step in the construction process that require the making of a temporary structure to support the construction. It is made through sticks of wood and other materials that will not be used in the actual construction when it is finalised. The scaffolding process requires a lot of labour and machinery. It eases the process of construction by providing a temporary facility that facilitates comfort in further construction and the operations of cleaning and repairing the structure. Materials commonly used in scaffolding include aluminium, steel and other materials that are known to be durable and strong to support the construction process. The growth of the scaffolding market can be attributed to the increased activities of construction all over the world due to the increasing global population. The market did see a dip because of the adverse effects of the covid 19 pandemic However, in the years of the projected period, the scaffolding market is expected to witness a positive and very lucrative growth owing to many factors. Another factor contributing to the growth of the scaffolding market is the increase seen in the number of people with disposable incomes especially in developing countries.

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Market Segmentation

The market for Scaffolding can be segmented on three bases. These are segmentation by application, material and type.

  • On the grounds of application, the segments are temporary stage, electrical maintenance, construction industry and others.
  • On the grounds of materials, the segments are wood, aluminium, steel and others. On these grounds, the segment of steel as a material for scaffolding is expected to dominate the market share distribution in the projected period.
  • On the grounds of type, the segments are rolling scaffolding, suspended scaffolding as well as supported scaffolding. Out of these segments, the segment for rolling scaffolding has previously dominated the market share distribution and is expected to continue doing so owing to the high CAGR.

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Regional Classification

On the basis of region, the segments are Europe, Africa, Latin America, Middle East and Asia Pacific. Asia Pacific has led the market share previously and is expected to continue to dominate the Scaffolding Market in the projected period of 2022 to 2030. The growth in the market of Asia Pacific or APAC can be attributed to the increase in the disposable income of the people living in the countries of this region. This has increased the standards of living. Also, this region houses a great population of the world which is also a major contributing factor.

Industry News

There are many main players in the industry for scaffolding. These include PERI GmbH, Safway Group Holding LLC, Waco Kwikform Limited, KHK Scaffolding & Formwork LLC, Step up Scaffold, Wilhelm Layher Holding GmbH, Altar Group LLC and ADTO Industrial Group Co.Ltd.

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