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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