Scaffolding Market Forecast to Reach $100 Billion by 2029 - Global and Regional Analysis by Type, Location, Material and End-user [Yahoo! Finance]
ASHTED GRP PLC UNSP/ADR (ASHTY)
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Source: Yahoo! Finance
The global scaffolding market is anticipated to cross USD 100 billion by 2029, increasing from USD 75.63 billion in 2023. The market is expected to grow with 5.95% CAGR by 2024-29. Rapid urbanization and infrastructure development projects, including residential, commercial, and industrial construction, are driving the demand for scaffolding. The need for safe access to high-rise buildings and large-scale projects fuels market growth. Stringent safety regulations and standards across various regions necessitate the use of high-quality scaffolding systems. Compliance with these regulations ensures worker safety and enhances the overall market for scaffolding solutions. The integration of advanced technologies, such as digital monitoring and automated systems, is driving innovation in scaffolding. These technologies improve efficiency, safety, and overall performance, making them attractive to construction companies. The scaffolding industry is witnessing technological innovations
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