Global Construction Scaffolding Rental Market Research Report: Information By Product Type (Supported Scaffolding, Suspended Scaffolding, and Mobile Scaffolding), By Application (New Construction, Refurbishment, and Demolition), By End User (Residential, Infrastructure, and Non-Residential), and By Region (North America, Europe, Asia-Pacific, and Rest of The World), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032
Increased demand for scaffolding at building sites, a growth in infrastructure projects, and major investment in the construction sector, are the key market drivers enhancing the market growth.
Government spending on public infrastructure has increased, which has boosted construction and mining activities worldwide in growing economies. This results in a significant increase in demand for scaffolding and other building supplies. Due to the rise in the price of new construction equipment, building companies and contractors are turning their focus to renting construction equipment. Innovations like digital service for automatic service updates and equipment service tracking & mapping are projected to stimulate industry growth. The pandemic generated substantial problems that disrupted the global supply chain, forced the closure of several production facilities, and had a serious negative impact on the infrastructure market, all of which had an influence on the rental market for construction scaffolding.
The uncertainty caused by pandemics contributed to the rental industry's faster growth in 2021. Construction activity has been patchy after each COVID-19 wave, which promotes small and medium-sized construction firms to rent equipment rather than acquire it. Due to the aforementioned issues, which include growing inflation in raw material prices, a lack of skilled employees, and high interest rates paid by building businesses, construction scaffolding rental is anticipated to increase in popularity in the market.
The main businesses are mostly focused on developing smarter machinery through the incorporation of exclusive technical systems. The location and degree of performance of both the vehicle and the construction equipment are quickly provided by the telematics system. The technology transmits GPS location data and engine idle hours, but many small contractors and builders find the devices to be too pricey. The issue has been resolved by the construction scaffolding rental business because there is no longer a complete cost of ownership and rental options are accessible. Thus, driving the Construction Scaffolding Rental market revenue.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Construction Scaffolding Rental Market. On the basis of historic growth analysis and current scenario of Construction Scaffolding Rental market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Construction Scaffolding Rental market. This further helps users with their developmental strategy.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Construction Scaffolding Rental market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Construction Scaffolding Rental sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Construction Scaffolding Rental sector. Major players in the Construction Scaffolding Rental market, including Altrad Investment Authority S.A.S., Condor S.P.A., Sunbelt Rentals Inc., Ulma C Y E, S. Coop., United Rentals, Inc., Apollo Scaffold Services Ltd., Asa Scaffolding Services Ltd., Asw Scaffolding Ltd., Atlantic Pacific Equipment (At-Pac), Inc., Brand Energy & Infrastructure Holdings, Inc., are attempting to increase market demand by investing in research and development operations.
Forklifts, aerial work platforms, air compressors, and other industrial gear are all rented through Texas First Rentals. It was founded in 2015 and has offices in San Antonio, Texas. With 15 locations serving the Dallas-Fort Worth Metroplex and Central Texas regions and offering a full line of construction equipment and supplies, Texas First Rentals®, a division of HOLT, announced in December 2022 that it had acquired Rental One, a full-service equipment and storage container rental company.
H&E Equipment Services, Inc. is a company that offers integrated equipment services. Equipment rentals, sales of both new and used equipment, sales of parts, and services for repairs and maintenance are among the business's segments. The company rents out its main categories of construction and industrial equipment through its equipment rentals segment. The company's used equipment sales division offers used equipment both through sales of equipment that is currently in stock and used equipment from its rental fleet. The company's new equipment sales segment sells equipment using a knowledgeable internal retail sales staff. Both components for the machinery it purchases and parts for its own fleet of rental cars are sold by the company's parts sales section. It records the inventory of parts. Its repair and maintenance services branch provides services for both its own rental fleet and the equipment owned by its clients. It offers ongoing preventive maintenance services. It has branches throughout the West Coast, the Intermountain, the Southwest, and the Pacific Northwest. Recently, One Source Equipment Rentals Inc.'s acquisition by H&E Equipment Services Inc. was declared complete for the month of October 2022.
November 2022: Premier The New York City-based sidewalk scaffolding business Urban Umbrella recently unveiled a new sidewalk scaffolding product at the 411 Broadway in Downtown Nashville construction site of Garth Brooks' new multilevel honky-tonk bar and entertainment venue.
Construction Scaffolding Rental: Product Type Outlook
Construction Scaffolding Rental Application Outlook
Construction Scaffolding Rental End User Outlook
Construction Scaffolding Rental: Product Type Insights
The global Construction Scaffolding Rental market segmentation, based on Product Type, includes supported scaffolding, suspended scaffolding, and mobile scaffolding. Supported scaffolds dominated the product type segment in 2022. These are widely used on construction sites. They consist of a platform or platforms supported by rigid outrigger beams, brackets, poles, legs, uprights, posts, frames, or other structures of a same nature. Supported scaffolds are used in both residential and non-residential construction projects. Additionally, they work on the construction of bridges and other types of infrastructure like flyovers.
Construction Scaffolding Rental Application Insights
The global Construction Scaffolding Rental market segmentation, based on Application, includes new construction, refurbishment, and demolition. The new-construction sub-segment, which also accounted for the largest revenue share, led the market in 2022. The growth of this market is mostly attributable to the popularity of scaffolding rental services, which is driven by an increase in the need for new construction sites around the world.
Construction Scaffolding Rental End User Insights
The global Construction Scaffolding Rental market segmentation, based on End User, includes residential, infrastructure, and non-residential. The largest percentage of the global market for construction scaffolding rentals in 2022 belonged to the residential sector. The expansion of the construction scaffolding rental industry is due to the increase in construction activities in the commercial sector.
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, North America held the biggest market share and led the international market for construction scaffolding rentals. The region's growth in construction scaffolding firms can be attributed to the accessibility of cost-effective, project-specific scaffolding that is state-of-the-art in technology. Because it reduces operating times, eliminates downtime, and improves overall mining or construction operations, specialized scaffolding is recommended. Further, In the North American area, the U.S. Construction Scaffolding Rental market had the biggest market share, while the Canada Construction Scaffolding Rental market had the quickest rate of expansion.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Throughout the projected period, the European construction scaffolding rental market is anticipated to expand at a respectable clip. Construction in the area partially resumed when the lockdowns were lifted in the second half of 2020. The introduction of extensive COVID-19 immunization efforts in the area in 2021 helped the market gain traction in 2022. Due to the government's financial support and the revival of the construction industry, demand for construction scaffolding is expected to increase over the course of the forecasted period, which would in turn lead to regional market expansion. Further, In the European region, the German Construction Scaffolding Rental market had the biggest market share, and the U.K. Construction Scaffolding Rental market had the quickest rate of growth.
The construction scaffolding rental market in Asia Pacific is anticipated to develop at the fastest rate during the forecast period. In order to increase connectivity, boost commerce, and bolster the overall economy, governments in growing economies in Asia are making significant investments in the construction of motorways, airports, dams, and special economic zones (SEZs). International construction scaffolding rental companies are becoming interested in these operations, which forces them to invest extensively and open a branch office there. Further, In the Asia-Pacific region, the Indian Construction Scaffolding Rental market had the quickest rate of growth while China's Construction Scaffolding Rental market had the greatest market share.
Frequently Asked Questions
• The global Construction Scaffolding Rental market size was valued at USD 5.7 Billion in 2022.
• The global market is projected to grow at a CAGR of 8.25% during the forecast period, 2023-2032.
• North America had the largest share in the global market
• The key players in the market are Altrad Investment Authority S.A.S., Condor S.P.A., Sunbelt Rentals Inc., Ulma C Y E, S. Coop., United Rentals, Inc., Apollo Scaffold Services Ltd., Asa Scaffolding Services Ltd., Asw Scaffolding Ltd., Atlantic Pacific Equipment (At-Pac), Inc., Brand Energy & Infrastructure Holdings, Inc.
• The Supported Scaffolding Product Type dominated the market in 2022.
• The New Construction Application had the largest share in the global market.
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