FORMWORK SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global formwork system market growth is driven by growing construction industry worldwide. Formwork systems are temporary or reusable moulds that are used to shape wet concrete for walls, floors, foundations, and other structural elements during construction projects. These systems facilitate faster and more economical construction by enabling quick and repetitive casting of concrete structures. Moreover, modern advanced formwork systems provide high quality concrete finishing and help reduce construction time substantially. Growing demand for infrastructure development along with increasing investments in commercial and industrial construction projects can boost demand for formwork systems in the near future. However, availability of substitute technologies and volatility in raw material prices can hamper the market growth.

Market Dynamics:

Global formwork system market growth is primarily driven by rapid infrastructure development activities and growth of construction industry globally. Rising urbanization has increased spending on transport infrastructure such as roads, bridges, rail networks, and others, which has boosted demand for formwork systems. Furthermore, growing investments in non-residential construction sectors including commercial, industrial and institutional buildings can also drive the market growth. Various economic and regulatory incentives provided by governments worldwide to promote infrastructure projects also drives the market growth. However, availability of alternative technologies such as slipforming technique which does not require formwork erection can hamper the market growth. Volatility in prices of raw materials including steel and wood can also hamper the market growth. Ongoing research & development to develop advanced formwork solutions with features such as reusability, easy assembly/disassembly, faster construction, and others can offer  lucrative opportunities for market players in the near future.

Key features of the study:

• This report provides in-depth analysis of the global formwork system market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global formwork system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Acrow, Acrowmisr, Alsina, BEIS, Condor, Doka GmbH, Hankon, Intek, MEVA, NOE, PASCHAL, PERI, Pilosio, RMD Kwikform, Urtim.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global formwork system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global formwork system market.

Detailed Segmentation:

• By Offering
  • Solution
  • Services
•  By Type
  • Timber Formwork
  • Steel Formwork
  • Aluminum Formwork
  • Others
• By Applications
  • Buildings
  • Transportation
  • Industrial Facilities
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Acrow
  • Acrowmisr
  • Alsina
  • BEIS
  • Condor
  • Doka GmbH
  • Hankon
  • Intek
  • MEVA
  • NOE
  • PASCHAL
  • PERI
  • Pilosio
  • RMD Kwikform
  • Urtim