April 24, 2024
Scaffolding Accessories Market

Scaffolding Accessories Market is Expected to be Flourished by Rising Investments in Infrastructure Development

Scaffolding accessories primarily comprise connectors, fasteners, anchors and other equipment that are used along with scaffolding structures. Scaffolding is a temporary structure erected around buildings or other structures to enable work at heights including maintenance, repair and construction activities. Some key products include brackets, couplers, guardrails and handrails that enhance safety, toe-boards and soleplates that prevent tools and materials from falling. Scaffolding accessories find applications across residential, commercial and industrial verticals for activities such as re-painting, window cleaning and maintenance of buildings. Increase in infrastructure development projects around the world is fueling demand for scaffolding solutions and associated accessories.

The global Scaffolding Accessories Market is estimated to be valued at US$ 1.68 Mn in 2024 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 Dynamics
Rising investments in infrastructure development is driving growth of the scaffolding accessories market. As per the heading, investments in development of roads, bridges, highways and other infrastructure is increasing globally which is fueling demand for scaffolding systems to enable high rise construction and maintenance activities. According to World Bank data, global infrastructure spending is expected to increase from US$ 3.7 trillion in 2020 to US$ 4.5 trillion by 2025. Growing urbanization is another driver leading to rise in infrastructure development and associated demand for scaffolding accessories.

The other driver is stringent safety regulations which is positively impacting growth of scaffolding accessories market. Regulatory authorities across regions have implemented stringent rules regarding safety equipment and tools to prevent construction site accidents involving falls from heights. This is augmenting demand for safety focused scaffolding accessories including guardrails, handrails, anchors and connectors.

Segment Analysis
Scaffolding accessories can be broadly categorized into brackets, coupler, spigot and gusset, clamp, nut bolt and accessories and others. Among these, brackets dominate the scaffolding accessories market accounting for over 30% share. Brackets are important for connecting horizontal and vertical members of scaffolds together. They provide stability and safety to scaffold structures. Their widespread application in scaffold construction has made brackets the largest segment in the market.

PEST Analysis
Political: The government emphasis on infrastructure development and construction activities has positively impacted the scaffolding accessories market. Strong regulations regarding worker safety during construction works have also boosted demand.
Economic: Rising economic growth in developing nations has increased construction spending which drives the need for scaffolding systems and accessories. A growing middle class has also contributed to commercial construction growth.
Social: Emphasis on worker safety during risky construction activities has increased adoption of scaffolding solutions. They prevent accidents and injuries. Rapid urbanization is also propelling residential and commercial construction.
Technological: Newer lightweight materials are being used to make scaffolding accessories. Fiber reinforced plastics offer strength with lesser weight. Automated welding technology has improved production efficiency.

Key Takeaways
The Global Scaffolding Accessories Market Size is expected to witness high growth over the forecast period between 2024 to 2031 supported by increasing construction activities around the world. The global Scaffolding Accessories Market is estimated to be valued at US$ 1.68 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.

The Asia Pacific region dominates the global market with over 35% share led by China, India and other developing Asian countries. Rapid infrastructural development projects are driving demand.

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. Companies are focusing on developing innovative designs to improve safety, load capacity and productivity. They are also expanding distribution networks globally. Innovation and strategic partnerships will be important for sustaining leadership.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it