Rockville, June 12, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global scaffolding rental market is estimated to reach a valuation of US$ 3.2 billion in 2023 and is expected to grow at a CAGR of 6.6% during the forecast period of 2023–2033.

The increasing need for renovation and maintenance projects, driven by regular upkeep and improvements in buildings and infrastructure, has led to a rise in the demand for scaffolding rental services. Renting scaffolding provides the flexibility and convenience required for these projects, allowing construction companies and project managers to access the necessary scaffolding without long-term ownership and maintenance costs. This growing demand directly contributes to the increased utilization of scaffolding rentals.

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There is a growing emphasis on preserving existing buildings and structures rather than constructing new ones. This shift towards building preservation leads to increased renovation and maintenance projects, further driving the demand for scaffolding rental services.

The scaffolding rental market is experiencing significant growth due to the introduction of scaffolding robots and technological advancements. Rental providers are using enterprise resource planning (ERP) software solutions to streamline processes such as inventory management, scaffold location, and availability tracking. These technologies reduce lead time and enable efficient delivery to construction sites. Additionally, ERP software simplifies billing through automated processes. These advancements enhance the rental experience and drive market growth.

These factors collectively contribute to significant revenue generation in the scaffolding rental market in the coming years. As the improved rental experience, coupled with automated billing processes, enhances customer satisfaction and drives revenue growth in the target market.

Key Takeaways from Market Study

“Market Consolidation and Competition Reshape the Scaffolding Rental Landscape” says a Fact.MR analyst.

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Market Growth Stratagems

Companies in the scaffolding rental industry are strategically targeting untapped geographic regions and countries with thriving construction industries and infrastructure development. This approach allows them to tap into new customer bases and unlock revenue growth opportunities. Additionally, key players are actively pursuing mergers and acquisitions to expand their market presence and gain access to new regions or customer segments.

By acquiring smaller players or merging with competitors, companies are leveraging synergies, broaden their service offerings, and strengthen their market position. These strategic moves not only increase market share but also enable companies to provide a comprehensive range of solutions, driving customer engagement and fostering long-term growth in the scaffolding rental market.

Key Companies

Segmentation of Scaffolding Rental Industry Research

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the scaffolding rental market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.

The study reveals essential insights on the basis of the type (supported scaffolding, suspended scaffolding, rolling scaffolding, cantilever scaffolding, others (trestle scaffolding, etc.)), location (external, internal), material type (wood, steel, aluminium), end user (construction, industrial facilities and manufacturing, shipbuilding yards and offshore industries, petrochemical and refinery, maintenance and repair services, events and entertainment industry) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).

Key Questions Covered in the Scaffolding Rental Market Report

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