Asia Pacific to Register Highest CAGR in Automatic Scaffolding Market During Forecast Period
Rising urbanization and
increasing infrastructural spending are expected to drive growth of global
automatic scaffolding market
According to
TechSci Research report, “Global Automatic Scaffolding Market By Type, By Length, By
Component, By Material, By Application, 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, sudden changes in infrastructural policies, among others
are some of the important factors which can hamper the growth of market during
forecast period.
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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
fragmented 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 possess 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 ascribed 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 and others are some of the leading players operating in global automatic
scaffolding market. The 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,
inadequate housing for citizens, and rising population, among others. Additionally,
government aids and subsidies are attracting investors for infrastructural
projects in the region, which is further anticipated to propel the growth of
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 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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