LONDON--(BUSINESS WIRE)--The global construction scaffolding rental market report by Technavio predicts the market to post a CAGR of more than 5% during the period 2018-2022.
A key driver for the global construction scaffolding rental market is the rise in construction activities. There has been an increase in construction activities across the world, particularly in countries such as China, the US, India, Japan, and Germany owing to the rising need for residences. The growing disposable income of people is promoting the demand for residences. Scaffolds play a crucial part in construction activities. Owing to the high costs associated with the transportation and storage of scaffolds, many construction companies prefer renting them. This is promoting the growth of the market during the forecast period.
This global construction scaffolding rental market research also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the incorporation of advanced technologies will be one of the key trends in the construction scaffolding rental market:
Global construction scaffolding rental market: Incorporation of advanced technologies
There have been many technological advances in the construction scaffolding rental market that have enhanced the process of renting. To adhere to the timelines of the projects in the construction industry, it is necessary to deliver the scaffolding to the construction site quickly. Thus, scaffolding rental providers are reducing lead time using advanced technologies such as enterprise resource planning (ERP) software solutions.
“The enterprise resource planning software solutions allow construction scaffolding rental providers to control various processes such as managing inventory, locating scaffolds, and checking availability. They also allow the monitoring of delivery and returns. The enterprise resource planning software solutions allow automatic billing to simplify payments,” says a senior research analyst at Technavio.
Global construction scaffolding rental market: Segmentation analysis
This construction scaffolding rental market analysis report segments the market by product (supported, mobile, and suspended), application (new construction, refurbishment, and demolition), end-user (non-residential and residential), and geography (the Americas, APAC, and EMEA).
The new construction segment held the largest construction scaffolding rental market share in 2017, accounting for around 81% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with around 50% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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