by Scaffolding accessories are equipment used to support scaffolding structures during construction or repair work at heights. Scaffolding accessories include scaffolding fittings such as footlocks, brace fittings, tube locks, scaffold couplers, row locks, and scaffold boards. They help stabilize and strengthen scaffolding structures, enabling safe construction activities at heights. Scaffolding accessories improve work ergonomics, support heavier loads, and increase the lifespan of scaffolding systems.
The global scaffolding accessories market is estimated to be valued at US$ 1.68 billion in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the scaffolding accessories market are Pfizer Inc., GlaxoSmithKline, Biomed Pvt. Ltd., Serum Institute of India, Baxter International, Sanofi S.A., Neuro Biotech, Merck, JN-International, and CNGB. These players are focusing on new product launches and partnerships with construction industry players to strengthen their global footprint. Rapid urbanization and infrastructure development across developing markets present significant growth opportunities in the Scaffolding Accessories Market Demand. Additionally, increasing investments in commercial and public construction projects will further drive the adoption of scaffolding systems and accessories. Asia Pacific region is expected to witness the fastest growth in the scaffolding accessories market during the forecast period owing to rising construction spending in China and India.
Market Drivers
The global scaffolding accessories market is primarily driven by rapid growth in construction activities globally. According to the Global Construction 2030 report, the volume of global construction output is expected to increase by 85% to US$ 15.5 trillion by 2030. This rising construction output will significantly boost the demand for scaffolding systems and accessories from 2024-2031. Additionally, steady recovery in non-residential construction sectors such as infrastructure, commercial, and industrial, especially across North America and Europe, is anticipated to drive the use of scaffolding accessories during the construction of tall buildings and bridges over the forecast period. Focus on workplace safety during construction is another key factor augmenting the sales of high-quality scaffolding accessories.
PEST Analysis
Political: The government regulations regarding safety standards of scaffolding accessories will impact this market. Strict implementation of regulations can drive demand for higher quality and certified products.
Economic: The growth of the construction industry directly impacts the demand for scaffolding accessories. Rise in infrastructure development projects indicate high potential for growth in this market.
Social: With increasing awareness about workplace safety, the use of certified and standardized scaffolding systems is expected to rise. This will drive the demand for complementary accessories.
Technological: Automation and use of advanced materials allows manufacturers to develop lightweight yet durable accessories. Internet of Things (IoT) integration can enable real-time safety monitoring.
Geographical concentration
The Asia Pacific region accounts for a major share of the global scaffolding accessories market in terms of value. This can be attributed to the large construction industry and rapid infrastructure development activities in countries such as China and India. The increasing number of new projects indicates strong demand from this region over the forecast period.
Fastest growing region
The Middle East and Africa region is projected to witness the highest growth in the scaffolding accessories market during the forecast period. This is due to the ongoing construction of commercial and residential spaces along with public infrastructure in countries such as UAE, Saudi Arabia and Qatar. Mega projects such as Expo 2020 and projects around 2022 FIFA world cup are fueling demand from MEA region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
