Scaffolding Market Size, Share, Growth Analysis, By Type analysis(Supported Scaffolding, Suspended Scaffolding, Rolling Scaffolding), By Material analysis(Aluminum, Wood, Steel), By End user(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Scaffolding Market size was valued at USD 50.62 billion in 2022 and is poised to grow from USD 52.8 billion in 2023 to USD 72.7 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

To broaden their reach and withstand the fierce competition in the market, the major players in the global Scaffolding market have adopted key strategies like business acquisition and expansion. For instance, in October 2021, the African-based Altrad Group purchased the rope access and inspection services company CIDES Congo. The acquisition was made with the intention of expanding the scaffolding systems product line. 'BrandSafway', 'Layher Holding GmbH', 'ULMA Construction', 'PERI Group', 'Waco Kwikform', 'Safway Atlantic', 'K-Stage Scaffolding Solutions Ltd', 'MJ-Gerüst GmbH', 'Instant Upright', 'ADTO Group', 'Hunan World Scaffolding Co. Ltd.', 'Entrepose Echafaudages', 'Beijing Kangde', 'Guangdong Youying Group', 'Tianjin Wellmade Scaffold Co., Ltd.', 'Pilosio', 'Cangzhou Weisitai Scaffolding Co., Ltd.', 'Rizhao Fenghua Scaffolding Co., Ltd.', 'Tianjin Gowe Industrial Co., Ltd.', 'Changli Xingminweiye Architecture Equipment Co., Ltd.'

Rising demand from the residential construction industry is a significant market driver. In the infrastructure industry, scaffolding is always required. Also, scaffolding is most needed in the new range of high rail constructions. The construction of high trails is well-known throughout the Asia-Pacific region. Construction workers can easily move materials to the top of a building with the help of scaffolding. A stair-like structure is provided by the scaffolding to support the entire construction process. The construction industry's demand will be the market's primary driver during the forecast period. Additionally, the market is being pushed by the rise in building maintenance, cleaning, and renovation. The government is spending more money cleaning and renovating old buildings. During the forecast period, these factors have a positive impact on the market. Another significant market driver is the rise in FDI construction. Accidents are prevented for construction workers by scaffolding. On a construction site, the risk of falling from heights is greater. However, the market's demand is being driven by government initiatives to improve construction workers' safety. To prevent accidents on the construction site, the builders are encouraged to use scaffolding by this government support.

Over the next few years, there will be a lot of construction on infrastructure in a lot of different places. The Global Scaffolding market will benefit greatly from the rapid expansion of both residential and non-residential infrastructure construction. The market has been negatively impacted by COVID 19. The construction industry is offering fewer opportunities for growth to the market. However, the market may benefit from additional growth opportunities from the new government initiatives to enhance a company's infrastructure. Additionally, exceptional developments are taking place on the global market. In the market, a new trend is the use of high-end materials and supporting structures.

Asia Pacific dominated the global market. Market expansion is being fueled by the expanding residential, educational, and other building infrastructure developments. Additionally, the scaffolding reduces the number of workplace accidents. The Asia-Pacific market as a whole is benefiting from the growing government support for scuffling.