The global Scaffolding Accessories Market Growth Accelerated by Increasing Usage of Temporary Structures in Construction Industry
Scaffolding accessories are utilized as an important part of a scaffolding system to provide safety and easy usability during construction and repair activities. Scaffolding accessories such as toe boards, screw jacks, couplers, guardrails, and handrails provide fall protections for workers working at heights and allows comfortable mounting, dismounting, and movement along the scaffolding frames. Rising construction projects such as buildings, bridges, and other infrastructure developments are increasing the demand for scaffolding accessories.
The global Scaffolding Accessories Market is estimated to be valued at US$ 1.68 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing usage of temporary structures in the construction industry is a major factor accelerating growth of the scaffolding accessories market. Modern construction projects utilize modular scaffolding systems which require accessories for effective assembly and safety. Growing preference of pre-fabricated and mechanized construction techniques necessitate proper installation and setup of scaffolding accessories. Manufacturers are developing lightweight yet durable accessories using corrosion-resistant materials to provide easy maneuverability and longevity in harsh outdoor environment at construction sites. Innovation in product design catering to jobsite challenges is another key trend shaping the scaffolding accessories market.
Segment Analysis
The global scaffolding accessories market is segmented by product type and end use. Based on product type, the ledge brackets segment dominates the market and is expected to maintain its dominance over the forecast period. Ledge brackets are extensively used to connect scaffolding ledges with vertical poles, enabling easy installation and dismantling of scaffolding structures. In terms of end use, the construction segment accounts for the largest share in the scaffolding accessories market. Growing construction activities across both residential and non-residential sectors is driving the demand for scaffolding accessories from the construction segment.
Key Takeaways
The Global Scaffolding Accessories Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global Scaffolding Accessories Market is estimated to be valued at US$ 1.68 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.
The Asia Pacific region is expected to be the fastest growing regional market for scaffolding accessories during the forecast period. Increasing construction activities and infrastructure development projects in countries like China and India are fueling market growth in the region.
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, CNGB. The market is characterized by the presence of established global and domestic players focusing on product innovation and expansion to emerging economies to gain market share.
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