Scaffolding, Shuttering, and Propping Equipment Market

Driven by increasing demand worldwide, the market for equipment for scaffolding, shuttering, propping or pit propping is projected to grow with an anticipated CAGR of +2.5% in volume and +4.8% in value from 2022 to 2030. The article covers detailed analysis of consumption, production, imports, and exports of scaffolding equipment, highlighting key consuming and producing countries. With insights on trends from 2012 to 2022, the article provides valuable information on market dynamics and growth potential in the scaffolding equipment industry.

Market Forecast

Driven by increasing demand for equipment for scaffolding, shuttering, propping or pit propping worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 16M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $44.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

In 2022, approx. 14M tons of equipment for scaffolding, shuttering, propping or pit propping were consumed worldwide; remaining relatively unchanged against the previous year. The total consumption volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

The value of the market for equipment for scaffolding, shuttering, propping or pit propping worldwide rose to $30.7B in 2022, picking up by 2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market attained the peak level in 2022 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (2.5M tons), China (2.2M tons) and Japan (882K tons), together comprising 41% of global consumption. Pakistan, Poland, Turkey, Italy, Russia, Indonesia, Spain, Chile, South Korea and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +11.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($5.1B), Turkey ($5B) and China ($3.2B) were the countries with the highest levels of market value in 2022, together accounting for 43% of the global market. Chile, Indonesia, Japan, Poland, Russia, Italy, the United States, Spain, Pakistan and South Korea lagged somewhat behind, together comprising a further 31%.

Among the main consuming countries, Spain, with a CAGR of +11.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of scaffolding, shuttering, and propping equipment per capita consumption in 2022 were Poland (14 kg per person), Chile (12 kg per person) and Italy (8.1 kg per person).

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

After seven years of growth, production of equipment for scaffolding, shuttering, propping or pit propping decreased by -0.7% to 13M tons in 2022. The total output volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 8.7%. Global production peaked at 13M tons in 2021, and then declined modestly in the following year.

In value terms, scaffolding, shuttering, and propping equipment production shrank modestly to $29.2B in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 28%. Global production peaked at $39.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (2.9M tons), India (2.6M tons) and Japan (801K tons), together comprising 48% of global production. Turkey, Pakistan, Poland, Italy, Russia, Spain, Indonesia, South Korea, Germany and Chile lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +8.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

In 2022, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping increased by 7.3% to 2.8M tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 19%. As a result, imports reached the peak of 3.2M tons. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports expanded significantly to $6.5B in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

The countries with the highest levels of scaffolding, shuttering, and propping equipment imports in 2022 were Germany (259K tons), the United States (186K tons), Australia (175K tons) and the UK (165K tons), together resulting at 28% of total import. The following importers - France (96K tons), Japan (95K tons), Italy (92K tons), Poland (89K tons), Canada (66K tons), Singapore (64K tons), Sweden (58K tons), Austria (51K tons) and the Netherlands (51K tons) - together made up 24% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +18.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets worldwide were Germany ($593M), the United States ($464M) and the UK ($352M), with a combined 22% share of global imports. France, Singapore, Italy, Japan, Canada, Australia, Poland, Sweden, the Netherlands and Austria lagged somewhat behind, together accounting for a further 32%.

Poland, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $2,347 per ton in 2022, with an increase of 5.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($4,273 per ton), while Australia ($1,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

In 2022, the amount of equipment for scaffolding, shuttering, propping or pit propping exported worldwide shrank to 2.5M tons, standing approx. at the previous year. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The global exports peaked at 2.8M tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports totaled $6.4B in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China represented the key exporting country with an export of about 726K tons, which finished at 29% of total exports. Germany (343K tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by India (4.9%) and Spain (4.5%). Austria (109K tons), Poland (104K tons), Turkey (87K tons), South Korea (87K tons), Italy (77K tons), the United Arab Emirates (59K tons), the Czech Republic (48K tons), the Netherlands (45K tons) and Belgium (41K tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to scaffolding, shuttering, and propping equipment exports from China stood at +4.0%. At the same time, India (+4.8%), Turkey (+4.6%), the Netherlands (+4.4%), Poland (+4.1%), Germany (+2.3%) and Belgium (+2.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +4.8% from 2012-2022. Spain and Austria experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.2%), Italy (-2.6%), South Korea (-4.0%) and the United Arab Emirates (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest scaffolding, shuttering, and propping equipment supplying countries worldwide were China ($1.4B), Germany ($1.2B) and Austria ($445M), with a combined 48% share of global exports. Spain, Poland, India, Italy, South Korea, Turkey, the Netherlands, the United Arab Emirates, the Czech Republic and Belgium lagged somewhat behind, together comprising a further 29%.

India, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $2,542 per ton in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($4,071 per ton), while the United Arab Emirates ($1,969 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform