The construction scaffolding sector was assessed at approximately US$ 47.99 billion in 2023 and is anticipated to grow to US$ 66.96 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.3% during the period from 2023 to 2031.
Increasing Initiatives for Energy Infrastructure Development
Across the globe, governments and major industry players are intensifying their efforts to lower carbon emissions and are progressively embracing renewable energy sources. This surge in demand for sustainable energy is driving a significant rise in the need for green infrastructure. Various governments are unveiling funding programs and initiatives aimed at the development of green infrastructure projects. For instance, in 2024, the United States government approved a large-scale offshore wind project expected to generate around 15 gigawatts of energy. Similarly, in 2023, Germany's government revealed plans to establish offshore wind turbine sites with a target of achieving 30 gigawatts of installed capacity. Additionally, under the Kenya Vision 2030 initiative, the Kenyan government aims to develop 5 gigawatts of geothermal energy capacity. Furthermore, India is set to triple its nuclear power capacity by 2030 through the establishment of new nuclear facilities and the expansion of existing ones. These governmental efforts to enhance green energy infrastructure are projected to significantly boost the demand for construction and safety materials. Consequently, the increasing number of energy infrastructure development projects is likely to present substantial opportunities for the construction scaffolding market throughout the forecast period.
As the appetite for contemporary and architectural construction rises, the use of modular scaffolding is also on the rise. These scaffolding systems are constructed using standard tube and coupler methods, allowing for easy assembly based on project specifications. Once a project is completed, the scaffolding can be swiftly dismantled and relocated, leading to reductions in overall time, labor, and storage expenses. Additionally, due to their structural capabilities, modular scaffolds are applicable in a variety of settings, enhancing their versatility. They are particularly favored in the oil, gas, and chemical sectors, where safety and adaptability are paramount. Scaffold providers that specialize in modular scaffolding can deliver solutions tailored to various project needs, improve worker safety, and promote more efficient and sustainable construction practices. To meet the rising demand for modular scaffolding, numerous companies worldwide are launching new products and expanding their business networks. For example, in May 2024, Doka expanded its offerings in Australia by incorporating ringlock modular scaffolding into its product line. Therefore, the increasing demand for modular scaffolding is expected to significantly drive the growth of the construction scaffolding market in the upcoming years.
Key players in the construction scaffolding market include PERI GmbH, Doka GmbH, Layher NA, ULMA Group, ALFIX, Altrad Group, Haki System Scaffolding, Scafom-tux, Tobler AG, Afix Group, MJ Gerust, KERO, Plettac, Tubesca-comabi, RMD kwikform, BrandSafway, Wellmade Scaffolding, Duscaff, KGK Scaffolding and Formwork LTD., Caspian Group KTD, Brisko Metal Resources, Bil-Jack Inc, and Direct Scaffold Supply LLP. These companies primarily concentrate on enhancing their products and services by integrating advanced features and technologies into their offerings.