Scaffolding Market Size Worth USD 33.8 Billion By 2025 | CAGR: 4.8%
Published Date : 28 /03 / 2019 | Report Format: PDF
The global Scaffolding market is expected to grow at CAGR of 4.8% to reach USD 33.8 Billion by 2025.
Scaffolding is the creation of a makeshift or support structure that is used in the development or construction of new buildings. It is used as a working platform and a support structure to the existing framework of the building. A scaffolder is an individual that works on the scaffold, comes with its own set of risk involved. This industry is directly dependent on the construction industry; hence growth of construction sector supports the market growth. In addition, growing number of home renovation projects worldwide augments the scaffold industry to great extent. In addition to this, technological advancements, rising number of companies entering in this market and favorable government policies act as a potential catalyst for industry development. On contrary, lack of skilled manpower along with reduction in construction maintenance cost is expected to hamper the market growth.
- Suspended, supported, and rolling are some of the types of scaffoldings method. Among which, supported segment is considered to be the most common type used among the end-users, accounted for the significant revenue share.
- However, rolling scaffolding category is anticipated to growth with promising CAGR during the forecast period. Increasing number of large construction projects support the segment growth to great extent.
- Application segment is categorized into commercial, residential and others. In terms of revenue generation, residential applications posted highest share owing to the strong growth of real estate industry worldwide.
- Developed regions such as Europe and North America 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 USD 19.5 trillion in 2017; of which, construction contributed USD 781 billion (4.0%)
- Some of the prominent players operating in this market are Peri-USA, Layher North America, Brock Group, BETCO Scaffolds, Seaway Scaffold & Equipment Co, Safway Group Holding, American Scaffolding, Inc., Brand Energy and Infrastructure Services Pty Limited among others
- Attributes such as company overview, financial performance, market share, SWOT analysis, key developments and strategic initiatives were discussed for all the above mentioned key players
KEY BENEFITS OF THE REPORT:
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
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
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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