The Latest Scaffolding Industry Statistics Explained
The global market size of the Scaffolding industry was USD 45.3 billion in 2019.
The statistic indicates that the total value of the global Scaffolding industry in terms of sales or revenue was USD 45.3 billion in the year 2019. This figure represents the combined value of all sales and transactions within the Scaffolding industry worldwide during that year, capturing the economic size and significance of the industry on a global scale. The market size illustrates the total demand for scaffolding products and services across various sectors and regions, serving as a key metric for understanding the industry’s overall economic impact and growth potential.
The expected annual growth rate of the Scaffolding market from 2020 – 2027 is 5.2%.
The expected annual growth rate of the Scaffolding market from 2020 to 2027 at 5.2% indicates the average rate at which the market is projected to increase in value or size each year over this period. This statistic suggests that the Scaffolding market is anticipated to experience steady and consistent growth, with a compound annual growth rate of 5.2%. This projection can be used by stakeholders in the industry to make informed decisions related to investments, market positioning, and strategic planning. Factors driving this growth could include increasing construction activities, infrastructure development projects, and demand for efficient and safe scaffolding solutions.
Asia Pacific held the largest market share of 54.0% in 2019.
This statistic indicates that in 2019, the Asia Pacific region accounted for 54.0% of the total market share within the relevant industry or market segment. This means that more than half of the market activity or value was attributed to companies, organizations, or consumers located in the Asia Pacific region. The significance of this statistic lies in the region’s dominant position in driving market trends, influencing global economic dynamics, and serving as a key area for businesses to focus their strategies and investments. By holding the largest market share, Asia Pacific demonstrates its importance as a major player in the industry, impacting decisions on product development, marketing strategies, and expansion opportunities for businesses operating within or targeting this region.
In 2018, non-residential construction accounted for the highest scaffolding market share of 60.3%.
In 2018, the non-residential construction sector held the largest market share in the scaffolding industry, accounting for 60.3% of the total market. This indicates that a significant portion of the demand for scaffolding services and products came from projects such as commercial buildings, industrial facilities, and infrastructure projects rather than residential construction activities. The high market share of non-residential construction suggests that this sector was a key driver of the scaffolding market during that period, reflecting the importance of scaffolding in supporting the construction of large-scale projects in various industries.
Europe occupies a 26% share in the scaffolding market.
This statistic indicates that Europe holds a significant portion of the scaffolding market, accounting for 26% of the total market share. This suggests that Europe is a major player in the global scaffolding industry, with a substantial presence in terms of production, consumption, or both. The high market share held by Europe implies that the region has a strong demand for scaffolding products and services, potentially driven by factors such as construction activity, infrastructure development, or regulatory requirements. This statistic demonstrates Europe’s importance in the scaffolding market and highlights its influence on industry dynamics globally.
The United Kingdom accounted for the largest market share of 36.1% in 2019 in the European region.
This statistic indicates that in 2019, the United Kingdom had the highest proportion of market share compared to other countries within the European region, at 36.1%. This suggests that the UK played a significant role in the economic activities and trade within the region during that year. The high market share could reflect a strong presence of businesses operating in the UK market, competitive advantage, or consumer demand for products and services originating from the country. It also signifies the importance of the UK’s economy within the broader context of European markets, highlighting its influence and contributions to the overall regional economy.
As of 2019, Supported scaffolding had the largest market share of 40.1%.
This statistic indicates that as of the year 2019, supported scaffolding accounted for the largest share within the scaffold market, comprising 40.1% of the total market. This suggests that supported scaffolding was the most commonly used type of scaffolding in construction and other industries requiring temporary elevated platforms for work purposes. The significant market share of supported scaffolding reflects its popularity and prevalence in various projects and applications, highlighting its effectiveness and suitability for a wide range of construction tasks. This information can be valuable for industry stakeholders, contractors, and decision-makers in understanding market trends and preferences within the scaffolding sector.
The total consumption of scaffolding in India will reach 17.8 Million Metric Tons by 2027 end.
The statistic states that the total consumption of scaffolding in India is projected to reach 17.8 Million Metric Tons by the end of 2027. This figure represents the estimated amount of scaffolding material that is expected to be used throughout India for construction, maintenance, and infrastructure projects. The growth in scaffolding consumption may be driven by factors such as increasing urbanization, construction development, and infrastructure projects across the country. This statistic provides insight into the demand for scaffolding materials in India and indicates a potential trend towards growth in the construction industry over the coming years.
Residential segment is expected to exhibit a CAGR of 5.5% from 2020 to 2027.
The statistic suggests that the residential segment of a particular market or industry is forecasted to experience a Compound Annual Growth Rate (CAGR) of 5.5% from the year 2020 to 2027. This means that the residential sector is anticipated to grow at a consistent annual rate of 5.5% over this period. The CAGR is a measure used to understand the average annual growth rate of an investment or market segment over a specified period of time, providing insight into the trend and performance of the residential segment in this case. The projection implies that the residential sector is expected to expand steadily and notably over the next seven years.
The aluminum material segment holds more than 60% share of the Asia Pacific scaffolding market.
The statistic indicates that the aluminum material segment dominates the Asia Pacific scaffolding market with a majority share of over 60%. This suggests that aluminum scaffolding is the most preferred choice among buyers in the region due to factors such as its lightweight nature, durability, and ease of handling. The high market share signifies that aluminum scaffolding is likely perceived as a reliable and cost-effective option for construction or maintenance projects in the Asia Pacific region. This statistic reflects a strong demand for aluminum scaffolding products within the industry and implies that competitors may need to innovate or differentiate their offerings to gain a larger market share in this segment.
The U.S. market size for scaffolding was worth USD 1.8 billion in 2019.
The statistic indicates that the total value of the scaffolding market in the United States was $1.8 billion in 2019. This figure represents the collective sales revenue generated by companies involved in the manufacturing, distribution, and/or rental of scaffolding equipment and services within the U.S. market. The size of the market suggests that there is significant demand for scaffolding products and services in various industries such as construction, maintenance, and infrastructure development. Understanding the market size allows businesses to assess the potential opportunities for growth and competition within the scaffolding industry in the United States.
Rental scaffolding services accounted for a significant share of around 55% in North America scaffolding market revenue in 2019.
The statistic indicates that in 2019, rental scaffolding services played a substantial role in the North American scaffolding market by contributing approximately 55% of the total revenue generated. This suggests that a majority of the revenue in the scaffolding industry came from renting out scaffolding equipment rather than outright purchasing. The high market share of rental services emphasizes the preference among customers to opt for temporary access solutions rather than investing in permanent scaffolding structures. This trend could be driven by factors such as cost-effectiveness, flexibility, and the increasing demand for scaffolding on a project basis, reflecting a dynamic and evolving market landscape in North America.
The Middle East & Africa scaffolding market is projected to exceed $1 billion by 2027.
The statistic “The Middle East & Africa scaffolding market is projected to exceed $1 billion by 2027” indicates that the scaffolding industry in the Middle East and Africa region is expected to experience significant growth over the next few years. This projection suggests that the demand for scaffolding services and products in the region is likely to increase, possibly due to a rise in construction and infrastructure development projects. The estimated value of over $1 billion also implies a substantial market size, pointing towards potential opportunities for scaffold manufacturers, suppliers, and service providers in the region. Overall, this statistic highlights a positive outlook for the scaffolding market in the Middle East and Africa up to 2027.
The scaffolding equipment market is anticipated to reach $8.8 billion by 2026.
The statistic that states “The scaffolding equipment market is anticipated to reach $8.8 billion by 2026” implies that there is an expected growth in the market value of scaffolding equipment over the specified period. This forecast is based on various factors such as current market trends, industry analysis, and economic outlook. It suggests that there will be an increase in demand for scaffolding equipment, likely driven by factors such as infrastructure development, construction projects, and industrial expansion. The figure of $8.8 billion represents the estimated total value of the market by the year 2026, indicating a significant potential for growth and investment opportunities within the scaffolding industry.
The suspended scaffolding segment is projected to register a 5.9% CAGR from 2020 to 2027.
This statistic indicates that the market for suspended scaffolding is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.9% from the year 2020 to 2027. A CAGR is a measure used to understand the annual growth rate of an investment or market over a specified period of time, in this case, 2020 to 2027. The projection suggests that the demand for suspended scaffolding is anticipated to steadily increase over the next seven years at an average annual rate of 5.9%, reflecting potential expansion in the construction industry and infrastructure development projects that require the use of such equipment.
The steel scaffolding segment accounted for 49.2% of the overall revenue in 2020, but its market share may fall during the forecast period.
The statistic indicates that the steel scaffolding segment was the largest contributor to the total revenue in 2020, accounting for 49.2% of the overall revenue. However, there is a suggestion that the market share of the steel scaffolding segment is at risk of declining during the forecast period. This could be due to various factors such as increased competition from alternative scaffolding materials, shifts in construction trends, or changes in customer preferences. Companies operating in this segment may need to adapt their strategies to maintain their competitive position and mitigate potential market share losses in the future.
China represented the largest regional market for scaffolding with a revenue generation of USD 11.3 billion in 2019.
This statistic highlights that in 2019, China emerged as the leading regional market for scaffolding, generating an impressive revenue of USD 11.3 billion. This suggests a significant demand for scaffolding solutions in the construction industry within China, reflecting a robust growth rate and a thriving market for scaffolding products and services. The substantial revenue figure illustrates the scale and importance of the scaffolding market in China, signaling opportunities for investment, development, and competition within the industry. As a key player in the global market, China’s dominance in scaffolding emphasizes its position as an influential player in the construction sector with potential implications for economic growth and innovation within the region.
By 2027, the global scaffolding market is projected to be worth $78.4 billion.
The statistic provided indicates a projected value for the global scaffolding market in the year 2027, estimated to reach $78.4 billion. This figure represents the anticipated total worth of the global scaffolding industry, encompassing the value of all sales and revenue generated by companies involved in the production, sales, and rental of scaffolding equipment and services. Such a projection suggests a continued growth trajectory for the scaffolding market over the coming years, driven by factors such as increasing construction activities, infrastructure projects, urbanization trends, and the growing emphasis on workplace safety regulations globally. This statistic serves as a valuable indicator for industry stakeholders, policymakers, investors, and analysts to understand the market’s potential size and opportunities in the foreseeable future.
References
0. – https://www.www.futuremarketinsights.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.globenewswire.com
3. – https://www.www.fortunebusinessinsights.com
