Scaffolding Market to Reach $81.2 Bn, Globally, by 2030 at 5.7% CAGR: Allied Market Research

Prime determinants of growth Prime determinants of growth Rapid urbanization and industrialization, growth in construction sector, and increase in spending on home remodeling and retrofitting activities drive the growth of the global scaffolding market. However, fluctuation in raw material prices and slow economic growth in developing countries hinder the market growth. On the other hand, increase in government and private investments in the infrastructure sector presents new...
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Prime determinants of growth

Rapid urbanization and industrialization, growth in construction sector, and increase in spending on home remodeling and retrofitting activities drive the growth of the global scaffolding market. However, fluctuation in raw material prices and slow economic growth in developing countries hinder the market growth. On the other hand, increase in government and private investments in the infrastructure sector presents new opportunities in the coming years.

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Covid-19 Scenario:

The steel segment to maintain its leadership status throughout the forecast period

Based on material, the steel segment held the highest market share in 2020, accounting for nearly half of the global scaffolding market, and is estimated to maintain its leadership status throughout the forecast period, owing to the growth in new construction and renovation properties. Moreover, the aluminum segment is projected to manifest the highest CAGR of 6.5% from 2021 to 2030. It is best suitable for residential and commercial construction sites.

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The residential segment to maintain its lead position during the forecast period

Based on application, the residential segment accounted for the largest share in 2020, contributing to around half of the global scaffolding market, and is projected to maintain its lead position during the forecast period, owing to the economic growth and high urbanization in developing countries. However, the commercial segment is expected to portray the largest CAGR of 6.5% from 2021 to 2030, owing to increase in commercial construction activities and repair.

Asia-Pacific, followed by Europe & North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by Europe & North America, held the highest market share in terms of revenue in 2020, accounting for nearly half of the global scaffolding market. This is due to an increase in urbanization and industrialization in emerging countries such as India, Japan, and others. However, the LAMEA region is expected to witness the fastest CAGR of 6.9% from 2021 to 2030, owing to a rise in construction related activities in countries such as Dubai, Brazil, Africa, and others.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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