Suspended Scaffolding Market to Surge as Rental Equipment Accounts for 3/4th Global Demand

The global suspended scaffolding market is witnessing an upsurge owing to the substantial construction of proposed structures such as buildings and bridges. Smart city initiatives throughout the world will remain one of the key opportunities for suspended scaffolding manufacturers. On this backdrop, company, in its latest research report, reveals that the global suspended scaffolding market is projected to exhibit a CAGR of around 5.3% during 2019-2029 and is projected to surpass the market value of US$ 16.7 Bn by 2029.

Demand Upsurge in Building & Construction Activities
The construction and infrastructure sector are likely to offer prolific market opportunities on the back of increasing demand for suspended scaffolding across developed as well as developing economies. Suspended scaffolding is slowly emerging as the turnkey solution to overcome unique and demanding access challenges for bridge maintenance, construction, blasting, painting and repair work. This in turn will augur well for the growth of suspended scaffolding market in the foreseeable future.

Key Takeaways of the Suspended Scaffolding Market
According to the report by Fact.MR, the increasing prominence of electrically operated suspended scaffolding across end-use industries is likely to change the overall scenario of the global suspended scaffoldings industry.
Light weight suspended scaffoldings greatly increase the productivity of suspended scaffolding products and enhances their transportation efficiency. Light weight suspended scaffolding accounted for more than 1/3rd share at the end of forecast period.
Study says that the maintenance activities of skyscrapers such as panel replacement creates a favorable adoption pool for suspended scaffolding.
Manufacturers are mainly focusing on labor-saving technology such as transport platforms, construction hoists, material hoists and mast climbing work platforms for increasing production and profitability.
Two-point, fully adjustable swing stage scaffolds, also known as suspension scaffolds, are the most popular type and accounted for more than 2/5th share in 2018.
Suspended scaffolding component suppliers have low bargaining power due to large number of suspended scaffolding manufacturers, contractors and sub-contractors. n

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