SCAFFOLDING ACCESSORIES MARKET ANALYSIS

Scaffolding Accessories MarketSize and Trends

The global scaffolding accessories market size was valued at US$ 1.45 Bn in 2023. The market is projected to grow at a CAGR of 5.6% from 2023 to 2030, resulting in an estimated market size of US$ 2.13 Bn by the end of 2030.

The growth of the market is attributed to factors such as the increasing demand for construction and renovation activities, the growing emphasis on worker safety, and the increasing adoption of scaffolding systems. Additionally, the availability of a wide range of scaffolding accessories and the development of innovative products are also expected to drive market growth.

Scaffolding Accessories Market Trends:

• Increasing use of online sales channels: The use of online sales channels, such as e-commerce platforms, is growing in the scaffolding accessories market. This trend is driven by the convenience and accessibility of online shopping, as well as the ability to compare prices and products from multiple vendors.

According to the U.S Census Bureau News, In the third quarter of 2023, retail e-commerce sales, adjusted for seasonal variation but not for price changes, reached $284.1 billion. This reflects a 2.3 percent increase (with a margin of error of ±0.4%) compared to the second quarter of 2023.

• Increasing adoption of rental models: The adoption of rental models for scaffolding systems and accessories is growing as customers seek more flexible and cost-effective options for their construction and renovation projects. This trend is driving the growth of rental companies in the scaffolding accessories market.

According to the UK Government Department for Business, Energy, & Industrial Strategy survey published in January 2022, 81% of UK construction firms said they would rent more equipment rather than purchase it in the next few years due to the favorable business case of rental models.