Scaffolding Accessories Market Is Estimated To Witness High Growth Owing To Increased Construction Activities

 

Scaffolding Accessories Market

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 are essential components used along with scaffolding structures to ensure safety of workers and stable foundation for scaffold platforms. Key accessories include fasteners, couplers, anchors, brackets and guardrails.

 

Market key trends:

Growing infrastructure investment in developing countries is a major driver for the scaffolding accessories market. Governments are investing heavily in projects such as roads, highways, commercial buildings, power transmission and distribution which require substantial use of scaffolding structures during construction. Expanding infrastructure sector is leading to higher demand for supporting scaffolding accessories from the construction industry. Furthermore, stringent worker safety regulations in developed markets have boosted adoption of integrated accessories in scaffolding systems.

Segment Analysis

The global scaffolding accessories market is dominated by accessories for supported scaffolding. Supported scaffolding accessories such as braces, brackets, clips, coupler pins, and base plates account for over 60% of the market share due to the wide adoption of supported scaffolding systems in construction industries. Supported scaffolding provides stability, safety, and rigidity during construction activities and is the preferred choice over suspended scaffolding.

 

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 across both commercial and residential sectors.

 

Regional analysis

Asia Pacific dominates the global scaffolding accessories market with over 35% share owing to rapid infrastructure development and ongoing construction projects in major economies like China and India. Growing construction spending in emerging Asian countries is augmenting the regional market growth.

 

Key players

Key players operating in the scaffolding accessories market 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. The global scaffolding accessories market is moderately concentrated with top players accounting for over 45% share.

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https://www.dailyprbulletin.com/scaffolding-accessories-market-size-share-growth-outlook-2023/

 

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