Formwork System Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Offerings (Solutions and Services) and Material Used (Wood, Metal, and Others)

List of Tables

The formwork system market was valued at US$ 5,812.03 million in 2022 and is projected to reach US$ 8,731.06 million by 2030; it is expected to grow at a CAGR of 5.2 % during 2022-2030.

Rise in Adoption of Formwork System Rental Services is Driving the Formwork System Market Growth

Rental services offer a flexible and cost-effective solution for construction companies, contractors, and various industries that require temporary access solutions. Renting a formwork system is often more cost-effective than purchasing, as it eliminates the need for a large upfront investment. This appeals to businesses looking to manage expenses while still accessing quality formwork systems. Infrastructure projects often involve complex designs and large-scale structures. Different projects have varying formwork requirements based on their scope, size, and complexity. Rental services provide the flexibility to choose the most suitable formwork system for the specific project's needs. Rental services allow access to the formwork system only when needed, avoiding the need for long-term storage. The growth of rental services aligns with the changing dynamics of the construction industry, where flexibility, efficiency, and cost savings are increasingly valued. With the expansion of rental offerings becoming more tailored to various project types, the formwork system market is growing significantly due to the accessibility and benefits provided by rental services.

The commercial building industry in the US is significantly growing with the increase in investments toward modernized and technologically advanced building infrastructure. Moreover, the country is also witnessing rise in commercial building infrastructure construction owing to constant growth in the economy. The US is constantly witnessing an increase in the number of businesses with greater investments that allow them to build high-end office infrastructures, which is catalyzing the demand for advanced formwork solutions. In addition to new constructions, a rise in the number of office remodeling or renovation projects is driving the formwork system market share in the country.

In addition, with rising concerns about the harmful environmental impact of construction activities, the scope of green construction technology is gaining traction, which is promoting green building developments. This aspect would help in boosting the formwork system market share in the US.

The Hauptverband Deutsche Bauindustrie (HDB) is a German construction industry association that predicts that the construction industry will contribute significantly to Germany's GDP in the coming years. The expansion of this industry is majorly attributed to the rise in residential and commercial or public infrastructure construction projects. As the country is one of the popular tourist destinations across the region, there is constant growth in the construction of hotels and malls in the country. With the rising construction of mentioned commercial buildings, the formwork system market growth is also increasing.

In addition, the county has a wide presence of companies such as PERI, which is one of the leading players and top 100 innovators in offering formwork systems. Doka GmbH is another well-established player holding a significant share in the formwork system market. Along with company's presence, the scope of industrialization of 3D construction printing technology is boosting across the country, which is projected to encourage the use of formwork systems. The county has witnessed 3D printing of the first two residential buildings, which will positively impact the number of infrastructure projects.

Based on offering, the global formwork system market is bifurcated into solutions and services. The solutions segment is dominating the formwork system market, owing to the increasing construction of flat/curved and small/large concrete structures. Based on material used, the global formwork system market is categorized into wood, metal, and others. The wood formwork segment dominated the market as timber and plywood are traditional formwork, which has increasingly been used in construction for a long duration. Also, their multi-reuse feature is boosting their adoption in the construction sector.

Alsina Formwork, Brand Industrial Services, Inc; Doka GmbH; Efco Corp.; Forsa S.A; Meva Formwork Systems; MFE Formwork Technology Sdn Bhd; Paschal International; PERI; and Shandong Xingang Formwork Co., Ltd. are among the key formwork system market players profiled during this study. In addition, several other important formwork system market players have been studied and analyzed during the study to get a holistic view of the formwork system market and its ecosystem.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the formwork system market.
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Product Code: TIPRE00006601

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Formwork System Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Formwork System Suppliers

5. Formwork System Market - Key Industry Dynamics

5.1 Formwork System Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Number of Infrastructure Development Projects Globally
- 5.2.2 Rise in Adoption of Formwork System Rental Services
- 5.2.3 Growing Adoption of Metal Formwork
5.3 Market Restraints
- 5.3.1 Less Construction Projects in Developing Countries such as China, South Africa
- 5.3.2 Storage Space Constraints
5.4 Market Opportunities
- 5.4.1 Growing Adoption of Modular and Reusable Formwork Systems
- 5.4.2 Growth in Construction Sector
5.5 Future Trends
- 5.5.1 Advent of New Formwork Technologies
5.6 Impact of Drivers and Restraints:

6. Formwork System Market - Global Market Analysis

6.1 Formwork System Market Revenue (US$ Million), 2022 - 2030
6.2 Formwork System Market Forecast and Analysis

7. Formwork System Market Analysis - Offering

7.1 Solutions
- 7.1.1 Overview
- 7.1.2 Solutions Market, Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Services
  - 7.1.3.1 Overview
  - 7.1.3.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. Formwork System Market Analysis - Material Used

8.1 Wood
- 8.1.1 Overview
- 8.1.2 Wood Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Metal
- 8.2.1 Overview
- 8.2.2 Metal Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

9. Formwork System Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Formwork System Market Overview
- 9.2.2 North America Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.2.3 North America Formwork System Market Breakdown by Offering
  - 9.2.3.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Offering
- 9.2.4 North America Formwork System Market Breakdown by Material Used
  - 9.2.4.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Material Used
- 9.2.5 North America Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.2 US Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.2.1 US Formwork System Market Breakdown by Offering
    - 9.2.5.2.2 US Formwork System Market Breakdown by Material Used
  - 9.2.5.3 Canada Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.3.1 Canada Formwork System Market Breakdown by Offering
    - 9.2.5.3.2 Canada Formwork System Market Breakdown by Material Used
  - 9.2.5.4 Mexico Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.4.1 Mexico Formwork System Market Breakdown by Offering
    - 9.2.5.4.2 Mexico Formwork System Market Breakdown by Material Used
9.3 Europe
- 9.3.1 Europe Formwork System Market Overview
- 9.3.2 Europe Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.3.3 Europe Formwork System Market Breakdown by Offering
  - 9.3.3.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Offering
- 9.3.4 Europe Formwork System Market Breakdown by Material Used
  - 9.3.4.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Material Used
- 9.3.5 Europe Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.2 France Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.2.1 France Formwork System Market Breakdown by Offering
    - 9.3.5.2.2 France Formwork System Market Breakdown by Material Used
  - 9.3.5.3 Germany Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.3.1 Germany Formwork System Market Breakdown by Offering
    - 9.3.5.3.2 Germany Formwork System Market Breakdown by Material Used
  - 9.3.5.4 Italy Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.4.1 Italy Formwork System Market Breakdown by Offering
    - 9.3.5.4.2 Italy Formwork System Market Breakdown by Material Used
  - 9.3.5.5 UK Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.5.1 UK Formwork System Market Breakdown by Offering
    - 9.3.5.5.2 UK Formwork System Market Breakdown by Material Used
  - 9.3.5.6 Russia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.6.1 Russia Formwork System Market Breakdown by Offering
    - 9.3.5.6.1.1 Russia Formwork System Market Breakdown by Material Used
  - 9.3.5.7 Rest of Europe Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.7.1 Rest of Europe Formwork System Market Breakdown by Offering
    - 9.3.5.7.2 Rest of Europe Formwork System Market Breakdown by Material Used
9.4 Asia Pacific Formwork System Market
- 9.4.1 Overview
- 9.4.2 Asia Pacific Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.4.3 Asia Pacific Formwork System Market Breakdown by Offering
  - 9.4.3.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Offering
- 9.4.4 Asia Pacific Formwork System Market Breakdown by Material Used
  - 9.4.4.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Material Used
- 9.4.5 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.4.5.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.4.5.2 Australia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.2.1 Australia Formwork System Market Breakdown by Offering
    - 9.4.5.2.2 Australia Formwork System Market Breakdown by Material Used
  - 9.4.5.3 China Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.3.1 China Formwork System Market Breakdown by Offering
    - 9.4.5.3.2 China Formwork System Market Breakdown by Material Used
  - 9.4.5.4 India Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.4.1 India Formwork System Market Breakdown by Offering
    - 9.4.5.4.2 India Formwork System Market Breakdown by Material Used
  - 9.4.5.5 Japan Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.5.1 Japan Formwork System Market Breakdown by Offering
    - 9.4.5.5.2 Japan Formwork System Market Breakdown by Material Used
  - 9.4.5.6 South Korea Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.6.1 South Korea Formwork System Market Breakdown by Offering
    - 9.4.5.6.2 South Korea Formwork System Market Breakdown by Material Used
  - 9.4.5.7 Rest of Asia Pacific Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.7.1 Rest of Asia Pacific Formwork System Market Breakdown by Offering
    - 9.4.5.7.2 Rest of Asia Pacific Formwork System Market Breakdown by Material Used
9.5 Middle East & Africa
- 9.5.1 Middle East & Africa Formwork System Market Overview
- 9.5.2 Middle East & Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.5.3 Middle East & Africa Formwork System Market Breakdown by Offering
  - 9.5.3.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Offering
- 9.5.4 Middle East & Africa Formwork System Market Breakdown by Material Used
  - 9.5.4.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Material Used
- 9.5.5 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.2 South Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.2.1 South Africa Formwork System Market Breakdown by Offering
    - 9.5.5.2.2 South Africa Formwork System Market Breakdown by Material Used
  - 9.5.5.3 Saudi Arabia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.3.1 Saudi Arabia Formwork System Market Breakdown by Offering
    - 9.5.5.3.2 Saudi Arabia Formwork System Market Breakdown by Material Used
  - 9.5.5.4 UAE Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.4.1 UAE Formwork System Market Breakdown by Offering
    - 9.5.5.4.2 UAE Formwork System Market Breakdown by Material Used
  - 9.5.5.5 Rest of MEA Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.5.1 Rest of MEA Formwork System Market Breakdown by Offering
    - 9.5.5.5.2 Rest of MEA Formwork System Market Breakdown by Material Used
9.6 South America
- 9.6.1 South America Formwork System Market Overview
- 9.6.2 South America Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.6.3 South America Formwork System Market Breakdown by Offering
  - 9.6.3.1 South America Formwork System Market Revenue and Forecasts and Analysis - By Offering
- 9.6.4 South America Formwork System Market Breakdown by Material Used
  - 9.6.4.1 South America Formwork System Market Revenue and Forecasts and Analysis - By Material Used
- 9.6.5 South America Formwork System Market Revenue and Forecasts and Analysis - By Countries
  - 9.6.5.1 Brazil Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.1.1 Brazil Formwork System Market Breakdown by Offering
    - 9.6.5.1.2 Brazil Formwork System Market Breakdown by Material Used
  - 9.6.5.2 Argentina Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.2.1 Argentina Formwork System Market Breakdown by Offering
    - 9.6.5.2.2 Argentina Formwork System Market Breakdown by Material Used
  - 9.6.5.3 Rest of SAM Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.3.1 Rest of SAM Formwork System Market Breakdown by Offering
    - 9.6.5.3.2 Rest of SAM Formwork System Market Breakdown by Material Used

10. Formwork System Market - Impact of COVID-19 Pandemic

10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Encofrados Alsina
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Brand Industrial Services Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 EFCO Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 FORSA SA.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 MEVA Schalungs-Systeme GmbH
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 MFE Formwork Technology Sdn Bhd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 PASCHAL-Werk G. Maier GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 PERI GmbH
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Shandong Xingang Formwork Co., Ltd.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Doka GmbH
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index