Scaffolding Market 2021, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030

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In a recent published report, Kenneth Research has updated the market report for Scaffolding Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Scaffolding Market products.

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REPORT HIGHLIGHT

The scaffolding market was valued at USD 29.6 billion by 2017, growing with 4.8% CAGR during the forecast period, 2018-2025

Market Dynamics

Scaffolding is the creation of a makeshift structure or support structure that is used in the construction of more buildings or redevelopment of older ones. It is used as a working platform and also a support structure to the existing framework of the building. A scaffolder is an individual that works on the scaffold, this comes with its own set of risk involved. This industry is directly dependent on the construction industry. Growth of construction sector coupled with growing number of home renovation projects across the globe drives the scaffold industry significantly. Furthermore, advancement in technologies, increasing number of key players entering in this market and favourable government initiatives act as a catalyst for growth of this industry. Besides this, globally the lack of skilled manpower and reduction in construction maintenance cost will hamper the market development.

Product Takeaway

This industry can be broadly categorized into three segments namely supported, suspended and rolling scaffolding. Supported segment is the most common type used among the end-users, accounted for the significant revenue share. It is designed by a network for beams, posts, framework, legs and brackets that support the firm base. This is most common considering it is used in real estate based construction. The ideal application for this is elevated working platforms.

Rolling scaffolding segment is growing with promising CAGR during the study period. Rolling scaffolding is wherein a base is built first, then the entire structure is firm but movable around the work area. This type of scaffolding is beneficial for large construction projects. Whereas, suspended technique is preferred when the creation of a base platform is not feasible. This is when the product is suspended from the roof due to the non -feasibility of having a firm base.

Application Takeaway

Application segment is bifurcated as residential, commercial and others. In terms of revenue generation, residential sectors posted highest share owing to the strong growth of real estate industry across the globe.

Based on the structure of the construction and assembly or disassembly expected, commercial sector comprises of governmental, educational, corporate, industrial and transport structures. The United States Department of Labour introduced the Occupation safety & Health (OSHA) compliance which suggested various safety provisions for construction. There is an entire 'OSHA's scaffolding standard several key provisions' in place for ensuring safety. Such initiatives would in turn support the growth of commercial scaffolding segment over the study period.

Regional Takeaway

Developed regions such as North America and Europe is witnessing a notable development in construction and residential sector which is establishing a healthy platform for this industry growth. Based on the data published by the Associated General Contractors of America, the gross domestic product (GDP) produced in the country--totaled US$19.5 trillion in 2017; of which, construction contributed US$ 781 billion (4.0%). Additionally, Parliament of UK, 2017, stated that 'In 2017, the construction contributed £113 billion to the UK economy, 6% of the total.' Thus throwing some light on the expected growth of this industry in these regions.

From a regional perspective, the Asia Pacific market is forecasted to grow exponential based. Growth in the real estate segment in the Asia Pacific region has impacted consequential development of the market. Based on a report by the Price water company in 2018, around 6% rise in the commercial real estate investment in Asia Pacific will offset a decline in the U.S., the world's largest commercial real estate place. Thus, reaffirming the above statement.

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In addition, consistent urbanization in newer market's like Latin America & Middle East are now flaunting great scope of potential in the near future. Steep rise in the economies of the Asian markets, urbanization and industrialization is an evident outcome. This has been an impetus to boost the scaffolding market in Asia Pacific region.

Key Vendor Takeaway

Some of the prominent players operating in this market are Layher North America, Peri-USA, BETCO Scaffolds, Brock Group, Safway Group Holding, Seaway Scaffold & Equipment Co, Brand Energy and Infrastructure Services Pty Ltd., American Scaffolding, Inc. and others. The notable aspects of most vendors is that prominent players are trying to create product specific USP to create a niche. R&D oriented approach is going to impact the growth of the industry significantly.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year - 2014 & 2016

Base Year - 2017

Estimated Year - 2018

Projected Year - 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Supported Scaffolding

Suspended Scaffolding

Rolling Scaffolding

MARKET, BY APPLICATION

Residential

Commercial

Others

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research

Email:[email protected]

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The post Scaffolding Market 2021, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030 appeared first on America News Hour.

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