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| Scaffolding Accessories Market |
The scaffolding accessories market involves a wide range of products that are utilized for enhanced safety and efficiency in scaffolding systems. Some of the key scaffolding accessories include brackets, couplers, spider joints, wall ties, and metal scaffolding boards. The growing demand for new commercial buildings and infrastructure development globally has significantly driven the demand for scaffolding in construction industry. Scaffolding accessories provide important functionality in assembling and disassembling scaffolding frameworks at construction sites safely and conveniently. The Global scaffolding accessories market is estimated to be valued at US$ 1.68 Bn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the scaffolding accessories are Pfizer Inc.,
GlaxoSmithKline, Biomed Pvt. Ltd., Serum Institute of India, Baxter
International, Sanofi S.A., Neuro Biotech, Merck, JN-International, and CNGB.
These players are focusing on new product launches and strategic collaborations
to strengthen their market position.
There lies significant opportunities for market players in emerging economies
owing to increasing infrastructure development projects. Countries like India,
China, Brazil, Mexico are witnessing large number of roadway, railway and
commercial construction that will propel the demand for scaffolding systems and
accessories.
Major players are expanding their business globally through acquisitions and
new facility openings to cater to growing scaffolding demand. For instance, in
2022, GlaxoSmithKline acquired Affinivax to enhance its adult vaccine
portfolio. CNGB has opened new manufacturing plants in US and China in last two
years.
Market Drivers
Growing construction industry worldwide: The rapid urbanization and
infrastructure development activities across both developed and developing
nations have significantly boosted the global construction industry. This
rising number of construction projects inflates the demand for scaffolding and
associated accessories.
Increasing safety regulations: Strict worker safety laws and norms in major
countries have made the use of scaffolding essential at construction sites.
This compels the builders to use standardized scaffolding accessories and
systems for safe construction work.
Market Restraints
Fluctuating raw material prices: Unpredictable price volatility of raw
materials including steel and plastics used in making scaffolding accessories
poses major challenges for manufacturers. This affects their overall production
costs.
Requirement of skilled labor: Installation of complex engineered scaffolding
systems with accessories demands trained and qualified workforce. Shortage of
skilled workers impact the scaffolding assembly processes.
Segment Analysis
The Caffolding
Accessories Market Share can be segmented based on product type into
safety nets, connectors, fall protection equipment, scaffold boards, guardrails
and fittings, and others. The safety nets sub segment dominates the market as
it provides protection when workers are working at heights. It prevents them
from falling from height which makes safety nets a mandatory attachment as per
regulatory norms.
Global Analysis
Regionally, Asia Pacific holds the largest share in the scaffolding accessories
market and is expected to grow at the fastest rate during the forecast period.
Rapid infrastructural and construction activities especially in emerging
economies like India and China are the key drivers behind the growth of this
market in Asia Pacific. The abundant availability of raw materials and cheap
labor in the region attracts huge foreign investments for infrastructure
development which results in increased demand for scaffolding accessories.
Europe and North America are also significant markets due to strict workplace
safety regulations regarding construction work at height in these regions.
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