by The global Scaffolding Accessories Market is estimated to be valued at US$ 1.45 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Scaffolding accessories include metal railings, handrails, steel brackets, fasteners, anchors, fittings and couplers. These accessories provide safety, support and stability to scaffolding structures during construction and renovation activities. They prevent damage to materials and injuries to workers at construction sites.
Market key trends:
Metal railings and handrails account for over 30% share of the global scaffolding accessories market. They provide safety barriers and fall protection on scaffolding platforms and walkways. Regulatory standards mandating the use of safety railings on all exposed sides and ends of scaffolding platforms to prevent falls have boosted the demand for metal railings and handrails. Furthermore, growth in residential and commercial construction is expected to drive the demand for scaffolding and associated accessories such as metal railings and handrails throughout the forecast period. One of the major trends witnessed in the scaffolding accessories market is the growing popularity and demand for adjustable scaffolding systems. These adjustable systems offer high versatility and flexibility compared to traditional scaffolding. Customers are increasingly adopting adjustable scaffolding as they incur lower installation time and costs. Moreover, adjustable scaffolding can be adapted for various applications and work sites. The growing construction activities across both commercial and residential sectors have fueled the demand for adjustable scaffolding systems and accessories.
SWOT Analysis
Strength: Adjustable systems are highly flexible and adaptable to different work sites. This enhances productivity and efficiency.
Weakness: Traditional scaffolding materials are cheaper than adjustable systems. Set up and installation of adjustable systems require skilled labour.
Opportunity: Rising construction industry worldwide due to rapid urbanization offers significant growth opportunities. Increasing demand for green and sustainable construction also opens up new areas of applications.
Threats: Volatility in raw material prices can squeeze profit margins. Presence of numerous smaller scaffolding rental players intensifies competition.
Key Takeaways
The Global Scaffolding Accessories Market Size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing construction activities in both developed and developing countries. Asia Pacific dominates the market and is expected to continue its lead, expanding at around 6.5% CAGR through 2030 owing to rapid infrastructure growth and urbanization in India and China.
Regional analysis shows the Asia Pacific scaffolding market is projected to record the highest CAGR by 2030 supported by rising construction spending in India and China. Western Europe represents the second largest market driven by stringent compliance with safety regulations.
Key players operating in the scaffolding accessories are Brand Energy & Infrastructure Services, Layher Holding GmbH & Co. KG, Safway Group Holding LLC, ULMA Construction, PERI GmbH, Altrad Group, MJ-Gerüst GmbH, Waco Kwikform Limited, Turbo Scaffolding, Simplified Scaffolding Pty Ltd., Hunan World Scaffolding Co., Ltd., Tianjin Wellmade Scaffold Co., Ltd., Apollo Scaffold Services Ltd., Pilosio S.p.A., Instant Upright
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
