SCAFFOLDING AND ACCESSORIES SALES MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
global scaffolding and accessories sales market size was USD 9126 million in 2021 and market is projected to USD 14037.36 million by 2031 at CAGR 4.4%.
The global COVID-19 pandemic has been unprecedented and staggering, with the scaffolding and accessories sales market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A device that is attached to or hung from a scaffold to provide stability, access or another purpose is known as a scaffolding accessory. Planks, brackets, and guardrails are examples of scaffold accessories. The scaffolding and accessories sales are crucial because it enables construction workers to work on tall projects securely and effectively. Accessories for scaffolding are parts that are used with scaffolding to add stability or additional support. Steel, aluminum, or plastic are just a few of the materials that can be used to make scaffolding components.
Braces, clamps, connectors, and platforms are typical scaffolding accessories kinds. A few of the major forces boosting the expansion of the global market are the rising construction industry, investments in infrastructure, government initiatives, and ongoing privatization. Governmental policies and regulations supporting worker safety are one of the key drivers of the industry.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The global economy has suffered because of the COVID-19 outbreak. Due to the outbreak, the construction industry is currently experiencing labor shortages, financial strains, and supply chain problems. Rental construction services like scaffolding, roofing, and interior finishing products like carpets, acoustic panels, and fire alarm systems have all been significantly impacted by this. Furthermore, almost all of the materials and equipment used in the construction industry come from China, so any disruption will affect how construction companies and architects can transport and deliver simple projects. Due to the covid19 epidemic's unexpected onset, scaffolding and accessories sales market growth were impacted.
LATEST TRENDS
"Rising Demand for Building Materials to Boost Market Growth"
The global expansion of the construction sector is driving demand for scaffolding and accessories sales. The second-biggest scaffolding and accessories sales market is interior decoration. The expansion of this application area is being driven by the rising demand for scaffolding accessories for indoor décor. Scaffolding accessories are predicted to be used more frequently during construction projects in many different locations as a result of the rising demand for building materials like steel, concrete, and others.
SCAFFOLDING AND ACCESSORIES SALES MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type Analysis
As per the type, the market is classified as follows: Tower Scaffolding and Accessories, Facade Access Scaffolding and Accessories, and Others. Tower scaffolding and accessories dominate the scaffolding and accessories sales market share.
- By Application Analysis
Based on application, the market is segmented as follows: Construction Industry and Others. The Construction Industry segment leads the scaffolding and accessories sales market share.
DRIVING FACTORS
"Consumer Demand for House Renovation to Facilitate Market Development"
The global scaffolding and accessories sales market is expanding as a result of rising construction spending and increased housing investment in countries like the United States, Japan, India, and others. Additionally, the need for scaffolding systems for renovations, new buildings, and a range of other applications is anticipated to increase due to increased urbanization and population expansion, driving the global scaffolding and accessories sales market ahead. For instance, urbanization in Mexico increased from 79.87 to 80.73 percent by 2020. Building contractors can easily get supplies to the top of a building's construction thanks to scaffolding. The scaffolding supports the entire construction project with a stair-like framework.
"Growing Residential Construction Sector to Promote Industry Progress"
According to market dynamics, the scaffolding and accessories sales market is being driven by the growing demand from the residential construction sector. Typically, scaffolding is required in the infrastructure industry. Additionally, scaffolding is desperately needed for the new style of high-train installations. High-quality trail construction is well known throughout the Asia-Pacific region. It makes transporting supplies to a building's top floor straightforward for construction workers. An almost stair-like framework for the entire construction process is provided by the scaffolding. The primary driver boosting the revenue growth of the scaffolding and accessories sales market would be demand from the building industry.
RESTRAINING FACTORS
"Fluctuation of Raw Material Cost to Hinder Market Growth"
The cost of raw materials varies greatly in the scaffolding sector. Changes in the cost of construction materials like cement, sand, and other materials can also affect total scaffolding and accessories sales market growth. Market research shows that traditional scaffolding is utilized in about 95.0% of construction projects in India alone. Customers favor inexpensive scaffolding because it is more affordable. After all, the construction sector in emerging nations calls for a sizable sum of money. Therefore, these problems hurt the scaffolding and accessories sales market and delay the sector's growth, especially in emerging markets.
SCAFFOLDING AND ACCESSORIES SALES MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Increase in Demand to Propel Market Progress in Asia"
The Asia scaffolding and accessories sales market is projected to expand quickly. Due to rising building activity in emerging economies like China and India, Asia Pacific is anticipated to see the highest CAGR during the forecast period. The demand for temporary structures for public events and works projects has significantly increased in the region, which will fuel the scaffolding and accessories sales market. Additionally, it is projected that expanding infrastructure improvements in a variety of industries would increase product demand in the upcoming years.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Layher (Germany)
- Safway (U.S.)
- BRAND (U.S.)
- PERI (Germany)
- ULMA Group (Spain)
- Altrad (France)
- MJ-Gerüst (Germany)
- Sunshine Enterprise (India)
- Entrepose Echafaudages (France)
- Devco (Australia)
- KHK Scaffolding and Accessories (UAE)
- ADTO GROUP (China)
- XMWY (China)
- Tianjin Gowe (China)
- Rizhao Fenghua (China)
- Tangshan Gangfeng (China)
- Youying Group (China)
- Tianjin Wellmade (China)
- Rapid Scaffolding and Accessories (China)
- Cangzhou Weisitai (China)
- Beijing Kangde (China)
REPORT COVERAGE
The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 9126 Million in 2021 |
Market Size Value By |
US$ 14037.36 Million by 2031 |
Growth Rate |
CAGR of 4.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the scaffolding and accessories sales market expected to touch by 2031?
Based on our research, the scaffolding and accessories sales market are projected to touch USD 14037.36 million by 2031.
-
What CAGR is the scaffolding and accessories sales market expected to exhibit by 2031?
The scaffolding and accessories sales market is expected to exhibit a CAGR of 4.4% by 2031.
-
What are the driving factors of the scaffolding and accessories sales market?
The consumer demand for house renovation and the growing residential construction sector are the driving factors of the scaffolding and accessories sales market.
-
Which are the top companies operating in the scaffolding and accessories sales market?
Layher, Safway, BRAND, PERI, ULMA Group, Altrad, MJ-Gerust, Sunshine Enterprise, Entrepose Echafaudages, Devco, KHK Scaffolding and Accessories, ADTO GROUP, XMWY, Tianjin Gowe, Rizhao Fenghua, Tangshan Gangfeng, Youying Group, Tianjin Wellmade, Rapid Scaffolding and Accessories, Cangzhou Weisitai, and Beijing Kangde are the top companies operating in the scaffolding and accessories sales market.