Global Scaffolding Market – Snapshot
Globally, increasing demand from the construction industry dominated by high rise commercial buildings and improvement in residential infrastructure along with new constructions will support the demand for scaffolding over the forecast timeline. Maintenance activities which involve cleaning, repairs, painting jobs, electrical installations, and other activities is expected to drive the demand for supported or suspended scaffoldings over the forecast period.
Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46818
Scaffolding is an integral part of construction, ship building, oil & gas, and other industries. There is no substitute for scaffolding products. Manufacturers are providing innovative, light weight scaffolding products with latest software to end-use industries, leading to growth of the organized scaffolding market. Wood & bamboo are the prominent materials used for scaffolding. Currently, aluminium and steel are widely used. Recently, high strength steel is being used to make light weight scaffoldings. The global scaffolding industry consists of scaffolding component suppliers, scaffolding manufacturers, contractors, sub-contractors, and end-use industries using scaffolding products and services. The industry is highly competitive in nature with constant pressure on manufacturers for profit margins.
Shipbuilding is a major industry where scaffolding is extensively greatly. Globally, new shipbuilding orders are anticipated to increase from US$ 34.0 Bn in 2016 to US$ 100 Bn in 2021, expanding at a CAGR of 24.1%. Scaffolding is used in surface protection, engine replacement, and steel and welding among others in the shipbuilding industry. Asia Pacific is the dominant shipbuilding market in the world. China is the largest shipbuilding nation in the world, followed by South Korea and Japan. There is good opportunity for global and local scaffolding manufacturers to increase their market share in the China, Australia, and New Zealand cruise ship-building industry. The construction sector in emerging countries also presents a good opportunity to global and local scaffolding manufacturers. Rising demand for shipbuilding across countries in Asia Pacific and other regions across the world is projected to consequently increase the demand for scaffolding products over the forecast timeline.
In emerging markets such as BRICS (Brazil, Russia, India, China, and South Africa), the scaffolding market is majorly controlled by unorganized players. In India, about 95.0% of the scaffolding market uses conventional scaffolding. Construction business in emerging economies is capital intensive; hence, customers prefer low-cost conventional scaffolding to reduce cost. This is a major bottleneck in the expansion plans of global scaffolding manufacturers in emerging economies. With comparatively low cost of products and large number of market players, there is high pressure on profit margins which also affects the global scaffolding market.
The North American construction equipment industry is driven by the growth in U.S. construction equipment sales. In the U.S. market, share of rental construction equipment has risen from 35% in 2007 to 55% in 2017 which is driving the construction equipment industry in the U.S. Rising demand for construction equipment across the world is subsequently increasing the demand for scaffolding and scaffolding accessories.
About 80% of the cost of scaffolding is consumed in installing, dismantling, and transportation of scaffolding products. Light weight scaffoldings greatly increases the productivity of scaffolding products and enhances their transportation efficiency. The scaffolding industry is fragmented across the world. Companies are developing innovative products to retain their market share. For instance, German scaffolding manufacturer Layher Holding GmbH & Co. KG developed a light-weight scaffolding, branded as “Allround” scaffolding in 1974.
Download ToC Of Research Report@ https://www.transparencymarketresearch.com/report-toc/46818
In an Allround scaffolding system, a scaffold connector can support up to eight steel or aluminum tubes at various angles. It takes less time to install Allround scaffolding due to its light weight. The company has developed dedicated software known as LayPLAN CLASSIC and LayPLAN CAD for Allround scaffold products. In 2013, the company used high strength steel and a new design and production process and developed fourth-generation “Allround” scaffolding without reducing load capacity.