Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 53.12 Billion | USD 79.84 Billion | 5.24% | 2022 |
The global scaffold material market size was evaluated at $53.12 billion in 2022 and is slated to hit $79.84 billion by the end of 2030 with a CAGR of nearly 5.24% between 2023 and 2030.
Scaffolding is a temporary structure that is made from scaffold materials such as metal poles and wood planks. Furthermore, the scaffolding is used for aiding workers working in construction sites, inspectors, and cleaners who need to work at height. Reportedly, scaffold materials find extensive applications in refurbishment and construction activities. Moreover, scaffold materials are made up of either steel or timber. These materials also find a slew of applications in the maintenance of structures, bridges, and various human-made structures. Apart from this, the product is also utilized in making concert stages, exhibition strands, art projects, formwork, grandstand sealing, ski ramps, and half pipes.
Beneficial features such as durability and cost-effectiveness to drive global market trends
Easy product availability, high strength, enhanced safety, and cost-efficiency are some of the key factors driving the growth of the scaffold material market across the globe. Massive application of the product in construction activities will spearhead the expansion of the market across the globe. The eco-friendly nature of steel scaffolding material will promote global market demand. Furthermore, scaffolding is used in risk assessment for workers working at heights to ensure that the construction project is completed safely and without any accidents. Apart from this, new product launches are predicted to increase the revenues of the firms along with contributing towards global market profitability in the upcoming years. For instance, in November 2021, Alimak Group, a key provider of rack & pinion vertical access devices for permanent & temporary installations, launched a new scaffolding transportation system referred to as Alimak STS 300 for construction activities in association with PERI Group, the largest manufacturer of scaffolding tools and formwork. The strategic move will not only contribute towards an increase in the product line of Alimak but will account remarkably for the global market size.
Access to alternate products can prove deterrence to the global industry surge over 2023-2030
The limited ability to control the internal structure and shape of scaffolds can put brakes on the demand for scaffold materials in the upcoming years. In addition to this, a rise in the costs of steel scaffold materials can hinder the expansion of the global scaffold materials industry. The easy availability of inexpensive substitutes can further hamper the global industry surge in the coming years.
A surge in investments in research activities for launching innovative products can help the market explore new & untapped domains of growth
Steel, wooden, and aluminum scaffolds are highly popular in construction activities owing to their durability and high quality, thereby offering new growth avenues for the global scaffold material market. A rise in the allocation of funds for manufacturing new products will further shape the global market expansion.
The product is prone to corrosion & heavy in weight and this can pose a big challenge for the global industry in the foreseeable future
Fall from height is the biggest cause of death as well as serious injury for workers working in the construction industry. Furthermore, working on scaffolding adds to more risk with the scaffold structure required to be assembled in a proper way. It can easily rust and is very heavy in weight. All these aforementioned aspects could prove a major challenge for the expansion of the global scaffold material industry.
The global scaffold material market is sectored into type, application, and region.
In type terms, the global scaffold material market is segregated into supported scaffolding, rolling scaffolding, and suspended scaffolding segments. In addition to this, the supported scaffolding segment, which accumulated nearly 51% of the global market share in 2022, is projected to register the highest gains in the years ahead. The growth of the segment in the ensuing years can be credited to its ability to maintain proper stability of components in the construction sector under different workloads. Moreover, it incurs no maintenance costs, thereby paving the way for massive product demand.
Based on the application, the global scaffold material industry is bifurcated into construction, cultural use, and others segments. In addition to this, the construction segment, which contributed remarkably towards the global industry share in 2022, is predicted to establish global industry domination in the years to come. The segmental expansion over the assessment timeline can be due to a prominent demand for scaffold materials in offering fixtures in the various kinds of construction activities across the globe. In addition to this, scaffold materials act as a key framework that supports construction materials such as metal, concrete, glass, and wood.
Report Attributes | Report Details |
---|---|
Report Name | Scaffold Material Market Report |
Market Size in 2022 | USD 53.12 Billion |
Market Forecast in 2030 | USD 79.84 Billion |
Growth Rate | CAGR of 5.24% |
Number of Pages | 219 |
Key Companies Covered | Direct Scaffold Supply LP, Scaffoldmart, Ceco Concrete Construction LLC, Atlantic Pacific Equipment Inc., Northern California Scaffold, Altrad, AT-PAC, Rizhao Fenghua, BrandSafway, Safway Group Holding LLC, Direct Scaffold Supply LP, Youying Group, PERI GmbH, Layher Inc., Waco Kwikform Limited, B&B Pipe and Industrial Tools, ADTO Group, MJ Gerüst, Entrepose Echafaudages, Scaffolding Today Inc., Sunshine Enterprise, Commercial Scaffolding Sales INC, C J SCAFFOLD SERVICE INC., L&B BUILDING SUPPLY Inc., and ULMA Construction. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia-Pacific region accounts for a major share of the global market over the analysis timeline
The Asia-Pacific, which accounted for more than 59% of the global scaffold material market share in 2022, is anticipated to dominate the global market revenue share over 2023-2030. The market surge in the region over the assessment timeline can be subject to a rise in product penetration in construction and infrastructure sectors in densely populated countries such as China and India. Furthermore, growing product utilization in commercial & residential constructions, building bridges, and constructing airports will embellish the regional market trends.
Furthermore, the scaffold material industry in Europe is set to register the fastest CAGR in the projected timespan. The key growth driving factors of the industry in the region include the presence of giant product manufacturers in countries such as Germany, the UK, Holland, France, Italy, and Spain. In addition to this, an increase in product penetration in various construction activities along with its humungous demand for renovating old structures as well as artifacts in the region will enlarge and fortify the regional industry expansion.
The scaffold material industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the scaffold material market report explores the investor and stakeholder space to help companies make data-driven decisions.
The global scaffold material market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
Scaffolding is a temporary structure that is made from scaffold materials such as metal poles and wood planks. Furthermore, the scaffolding is used for aiding workers working in construction sites, inspectors, and cleaners who need to work at height. Reportedly, scaffold materials find extensive applications in refurbishment and construction activities.
The global scaffold material market growth is owing to the immense application of the product in various construction activities across the globe.
According to a study, the global scaffold material industry size was $53.12 billion in 2022 and is projected to reach $79.84 billion by the end of 2030.
The global scaffold material market is anticipated to record a CAGR of nearly 5.24% from 2023 to 2030.
The European scaffold material industry is set to register the highest CAGR over the forecasting timeline owing to the presence of giant product manufacturers in countries such as Germany, the UK, Holland, France, Italy, and Spain. In addition to this, an increase in product penetration in various construction activities along with its humungous demand for renovating old structures as well as artifacts in the region will enlarge and fortify the regional industry expansion.
The global scaffold material market is led by players such as Direct Scaffold Supply LP, Scaffoldmart, Ceco Concrete Construction LLC, Atlantic Pacific Equipment Inc., Northern California Scaffold, Altrad, AT-PAC, Rizhao Fenghua, BrandSafway, Safway Group Holding LLC, Direct Scaffold Supply LP, Youying Group, PERI GmbH, Layher Inc., Waco Kwikform Limited, B&B Pipe and Industrial Tools, ADTO Group, MJ Gerüst, Entrepose Echafaudages, Scaffolding Today Inc. Sunshine Enterprise, Commercial Scaffolding Sales INC, C J SCAFFOLD SERVICE INC., L&B BUILDING SUPPLY Inc., and ULMA Construction..
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