The global 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.
Market Overview:
Scaffolding accessories include a range of fastening, connection, and bracing equipment that are crucial for safely erecting and dismantling temporary scaffolding structures. Some common scaffolding accessories are brackets, coupler sleeves, base plates, fittings, couplers, clamps, and anchors. They are designed to securely join scaffolding poles, frames, and platform boards together to form a stable scaffold system. Increased construction of buildings, infrastructure projects, industrial facilities, and other commercial structures have augmented the demand for scaffolding accessories.
Market key trends:
One of the key trends in the scaffolding accessories market is the development of lightweight and corrosion-resistant accessories. Traditional scaffold accessories were often made of steel which was heavy and prone to rusting. Recent innovations have led to the introduction of accessories fabricated using aluminum, stainless steel and composite materials like fiberglass. These modern materials offer benefits such as lower weight, high durability, and resistance to corrosion even in harsh outdoor environments. Their use has gained traction especially in offshore, marine and oil & gas construction projects. Another notable trend is the availability of quick-lock and tool-less coupling systems. These time-saving systems allow for faster assembly and disassembly of scaffold frames without the need for nuts and bolts. They improve work efficiency on project sites with strict deadlines.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established buyers allow new players to penetrate the market easily. However, the presence of dominant international brands poses high competitive threat.
Bargaining power of buyers: There are a large number of buyers in the construction sector, giving them greater bargaining power over suppliers.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute materials and threat of forward integration by buyers.
Threat of new substitutes: The threat is low as scaffolding accessories have few alternatives for providing safe working platforms at construction sites.
Competitive rivalry: High owing to presence of numerous global and regional vendors offering similar product range.
Key Takeaways
The Global Scaffolding Accessories Market Size is expected to witness high growth, exhibiting a CAGR of 5.6% over the forecast period, due to increasing infrastructure development activities across the globe.
Regional analysis: Asia Pacific scaffolding accessories market is the fastest growing region. China dominates the APAC market owing to expansion of construction industry and rapid urbanization. Western Europe is the second largest regional market driven by stringent safety regulations in construction.
Key players operating in the Scaffolding Accessories are Brand Energy & Infrastructure Services, Layher Holding GmbH & Co. KG, Safway Group Holding LLC, ULMA Construction, PERI GmbH, Altrad Group, MJ-Gerüst GmbH, Waco Kwikform Limited, Turbo Scaffolding, Simplified Scaffolding Pty Ltd., Hunan World Scaffolding Co., Ltd., Tianjin Wellmade Scaffold Co., Ltd., Apollo Scaffold Services Ltd., Pilosio S.p.A., Instant Upright
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it