Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) — The construction scaffolding market is witnessing significant growth and presents lucrative opportunities. In 2023, it was valued at US$ 47.99 billion and is projected to reach US$ 66.96 billion by 2031, with a CAGR of 4.3% from 2023 to 2031.

Introduction to the Construction Scaffolding Market

The construction scaffolding market plays a crucial role in the construction industry. It provides a safe and stable platform for workers during construction activities. With the rapid growth of the construction industry and the increasing demand for safe working conditions, the construction scaffolding market is experiencing steady expansion.

Energy Infrastructure Development and Its Impact

Governments worldwide and key players in various industries are focusing on reducing carbon emissions and adopting green energy. This has led to a significant increase in the demand for green infrastructure. For example, in 2024, the US government approved a commercial-scale offshore wind project to generate approximately 15 gigawatts of energy. In 2023, the German government announced plans to build offshore wind turbine sites to reach a 30-gigawatt installed capacity. Additionally, according to Kenya Vision 2030, the government aims to reach 5 gigawatts of geothermal capacity. In India, the government plans to triple its nuclear power capacity by 2030. These government initiatives to build green energy infrastructure are expected to drive the demand for construction and safety materials, including construction scaffolding.

Modular Scaffolding: Growing Adoption and Benefits

As the demand for modern and architectural construction increases, the adoption of modular scaffolding is also on the rise. Modular scaffolding is made up of standard tube and coupler methods, allowing for easy assembly and disassembly according to project requirements. Once a project is completed, the structure can be easily dismantled and transported, reducing overall time, labor costs, and storage costs. Moreover, its structural ability makes it versatile and suitable for a wide range of applications, especially in the oil, gas, and chemical industries where high safety and flexibility are essential. Scaffold providers offering modular scaffolding can meet diverse project requirements, enhance worker safety, and contribute to more sustainable construction practices. For instance, in May 2024, Doka expanded its product portfolio in Australia by adding ringlock modular scaffolding.

Key Players and Their Strategies

PERI, Doka, Layher, ULMA Group, ALFIX, Altrad Group, Haki System Scaffolding, Scafom-tux, Tobler AG, Afix Group, MJ Gerust, KERO, Plettac, Tobler AG, Tubesca-comabi, RMD kwikform, BrandSafway, Wellmade Scaffolding, Duscaff, KGK Scaffolding and Formwork LTD., and Caspian Group KTD are among the key players in the construction scaffolding market. These companies focus on product and service enhancements by integrating advanced features and technologies into their offerings. They are constantly introducing new products and expanding their business networks to meet the growing demand.

Market Analysis by Different Parameters

When analyzing the construction scaffolding market, it is important to consider various parameters. By type, the market includes frame scaffolding, tube and clamp scaffolding, ringlock scaffolding, cuplock scaffolding, and others. In terms of offering, it includes scaffolding products (sale) and rental solutions. In terms of application, it serves residential buildings, commercial buildings, industrial facilities, oil and gas projects, and events. Each of these segments has its own growth potential and market dynamics.The construction scaffolding market is driven by factors such as the rapid growth of the construction industry, the surge in the adoption of scaffolding rental services, and the rise in government funding for renovation and rebuilding projects. However, it also faces challenges such as high initial investment and the presence of alternatives. Future trends in the market include the growing demand for modular scaffolding.For more information about this report, visit https://www.researchandmarkets.com/r/pwaw8p.About ResearchAndMarkets.com: ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products, and the latest trends.