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| Scaffolding Accessories Market |
Scaffolding accessories are used to ensure workplace safety during construction and maintenance activities at commercial, industrial, and infrastructural sites. They include items like guardrails, fall protection equipment, rollers, and clamps which are crucial for safe and efficient scaffold erection. The growing construction industry globally has increased the demand for scaffolding systems to facilitate construction and maintenance activities at height, thereby driving the need for associated accessories. 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 key trends:
Increased industrialization and infrastructural developments across developing
economies are one of the key trends fueling market growth. Rapid
industrialization and urbanization in countries across Asia Pacific and Middle
East & Africa is boosting large scale construction of manufacturing
facilities, commercial buildings, bridges, and other infrastructural projects.
This has significantly increased the use of scaffolding systems for carrying
out construction and maintenance activities at height, thus propelling the
demand for associated safety accessories like guardrails, safety nets, and fall
arrest systems. Advanced accessories ensure enhanced worker safety during
scaffold erection at these complex construction sites of industrial units and
infrastructure, thereby driving their increased adoption.
Segment Analysis
The global scaffolding accessories market is dominated by the support/bracing
sub segment which accounts for over 30% of the market share. This is because
support/bracing products such as braces, fittings, fasteners etc. are essential
components of any scaffold structure as they hold together and provide strength
and stability to the scaffolding framework.
The scaffold boards sub segment holds the second largest share as scaffold
boards or platforms are crucial for providing working space and safe walking
surface for scaffold users such as construction workers, engineers and
painters. Scaffold boards need to withstand heavy loads and impacts and also
require non-slip features.
Key Takeaways
The global Scaffolding
Accessories Market Growth is expected to witness high growth over the
forecast period owing to rapid infrastructure development activities globally.
Regional analysis: The Asia Pacific region currently dominates the scaffolding
accessories market with over 35% share owing to strong construction spending in
major countries such as India and China. The region is also expected to record
the fastest CAGR during the forecast period driven by ongoing infrastructure
projects, residential construction booms and government emphasis on development
of smart cities across Asia Pacific.
Key players: Key players operating in the scaffolding accessories market are
Brand Energy & Infrastructure Services, Layher Holding GmbH & Co. KG,
Safway Group Holding LLC, ULMA Construction, PERI GmbH, Altrad Group. These
players cater to the increasing demand for scaffolding accessories through
extensive distribution networks and product innovation focusing on safety,
stability and productivity.
The global scaffolding accessories market is highly competitive with the top 5
players accounting for over 45% of the market share. Strategic collaborations
and geographic expansions are some of the key strategies adopted by leading
players to gain higher market shares.
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