Scaffolding Market

Scaffolding Market Expected to Reach US$ 78.4 Bn by 2026
According to a new market report published by Transparency Market Research
titled “Scaffolding Market – Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast, 2018 – 2026,” the global scaffolding market is expected to reach US$
78.4 Bn by 2026, expanding at a CAGR of 6.1% from 2018 to 2026. North America
held the highest market share in the scaffolding market in 2017.
Scaffolding, also known as staging or scaffold is a non-permanent structure to support
workers and materials in construction, ship building, oil & gas, and various other
industries that require construction work. A variety of materials are used in the
manufacture of temporary scaffolding structures. These range from bamboo, wood,
aluminum, and steel to the latest high strength steel grades. Renting of scaffolding
products is a significant source of revenue for scaffolding market players. About 80%
of the cost of scaffolding is consumed in installing, dismantling, and transportation of
scaffolding products. Lightweight scaffolding greatly increases the productivity of
scaffolding products and enhances their transportation efficiency.
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Increasing demand from the construction industry with high rise commercial buildings
and improvement in residential infrastructure along with new constructions is
expected to support the growth of the global scaffolding market over the forecast
timeline. Maintenance which involves cleaning, repairs, painting jobs, electrical
installations and other activities will drive the demand for supported or suspended
scaffoldings over the forecast period.
The scaffolding rental services can cost around US$ 15-50 per day or US$ 40-150 per
week depending on the size, type of scaffolding, and its installation location. Rents
can be on a daily, weekly, or monthly basis and can also be by piece (charges for
each wheel, frame, or guard rail) or as a complete kit. If the scaffoldings are
required for a larger height, the workbench which converts into a low scaffold can
cost around US$ 35-350 or more depending on the capacity and size. An aluminum
folding ladder can typically cost US$ 300-800 which separates into two pieces to
support an aluminum plank/platform. A 4-wheeled mini scaffolding unit can be
bought for US$ 80-300 based on the weight capacity and materials. Heavy duty and
larger scaffolding unit costs can vary from US$ 200-2000 or even more depending on
the size (length and height of scaffolding plus work platform width), materials, and
capacity.
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The supported scaffolding segment is expected to have the highest CAGR of 6.2%
from 2018 to 2026. Construction benefits associated with supported scaffolding such
as easy installation, convenience, more safety, and cost effectiveness is expected to
lead to preference for this type of scaffolding across all construction requirements.
Rolling scaffolding is preferred mostly for projects which have short term duration
that needs to be carried out at multiple locations over a longer distance. It is mainly
used in electrical and mechanical trades and is expected to have a CAGR of 5.9%
over the forecast timeframe.
By material, aluminum is expected to have the highest growth prospects from 2018
to 2026. Since aluminum is lighter in weight than steel and most scaffoldings require
them to be manually lifted & put in place, aluminum is preferred over steel as the
scaffolding can be built faster, thereby further reducing the labor cost. In some
developing countries, labor cost is highly affordable; therefore, usage of bamboo and
wooden poles is common. Bamboo scaffoldings are commonly used in Asia where it
is favored for flexibility, strength, and eco-friendliness.

Scaffolding Market

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