Fastest Growing Accessories Fueling the Growth of Scaffolding...

Fastest Growing Accessories Fueling the Growth of Scaffolding Market

Posted 2023-12-01 12:11:42

The 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.

Scaffolding accessories refer to components and fittings used along with scaffolding systems. Some major scaffolding accessories include anchor hooks, bearing plates, coupler pins, scaffolds ties, wire ties, guardrails, nuts & bolts, and scaffold tubes. Scaffolding accessories are crucial for the safety and stability of scaffolding structures built for construction and maintenance activities. They facilitate ease of assembly and dismantling of scaffolding systems and ensure strict compliance with safety standards.

The growth of the scaffolding accessories market is driven by increasing construction activities around the world. Rapid urbanization, rising investments in infrastructure development, and growth in non-residential construction are fueling the demand for scaffolding accessories. Furthermore, stringent worker safety regulations pertaining to scaffolding systems are prompting construction firms to utilize certified and standardized scaffolding components and fittings. Additionally, growing need for repair, renovation, and maintenance of aging buildings is positively impacting the sales of scaffolding accessories. However, availability of counterfeit and low-quality products may hinder the market growth.

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