Asia Pacific to Register Highest CAGR in Automatic Scaffolding Market
Increasing urbanization
coupled with growing infrastructure spending to drive global automatic
scaffolding market
According to
TechSci Research report, “Global Automatic
Scaffolding Market By Type, By Length, By Component, By Material, By
Application, By Company, By Region, Forecast & Opportunities, 2024”, the global automatic scaffolding market is expected to
grow at a steady CAGR during the forecast period owing to the increasing demand
for scaffoldings from the booming construction industry. However, the volatile
raw material prices are expected to pose a challenge to the market players in
the coming years.
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The global
automatic scaffolding market is segmented based on type, length, component,
material, application, company and region. Based on material, the market can be
segmented into aluminum, carbon steel, stainless steel and others. The
stainless steel segment is expected to witness significant growth during
forecast period on account of the recyclable nature of steel. Additionally,
these scaffoldings offer provision for insulation, thereby preventing any kind
of harm caused by electric shocks. Based on application, the market can be
categorized into construction industry, ship building, electrical maintenance
and others. The construction industry is expected to dominate the market during
the forecast period. This can be attributed to the extensive usage of scaffolds for
building the basic structure of high-rise buildings and other facilities.
PERI GmbH, Reolift,
Waco Kwikform Limited, Brand Services Inc, Ulma Sarl, Universal Building
Services & Supply Co, among others are some of the leading players operating in the global
automatic scaffolding market. Companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share.
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“Asia-Pacific is expected
to be the fastest growing market for automatic scaffolding during the forecast
period, owing to the increase in modular housing projects,
residential and commercial real estate projects, and growth in infrastructure
activities, among others. Additionally, government
aids and subsidies are attracting investors towards infrastructural projects in
the region, which is further anticipated to propel the global automatic
scaffolding market during forecast period.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Automatic Scaffolding Market By Type, By
Length, By Component, By Material, By Application, By Company, By Region,
Forecast & Opportunities, 2024” has evaluated
the future growth potential of global automatic scaffolding market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global automatic scaffolding market.
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