Middle East & Africa Formwork System Market Forecast to 2030 - Regional Analysis - by Offerings (Solutions and Services) and Material Used (Wood, Metal, and Others)

Description

List of Tables

The Middle East & Africa formwork system market was valued at US$ 229.37 million in 2022 and is expected to reach US$ 309.40 million by 2030; it is estimated to register a CAGR of 3.8% from 2022 to 2030.

Increasing Number of Infrastructure Development Projects Fuels Middle East & Africa Formwork System Market

Infrastructure development projects encompass a wide range of construction activities, including the construction of roads, bridges, tunnels, dams, and airports, among others. These projects require various types of formwork systems to shape and support concrete structures. As infrastructure development surges, the demand for formwork systems rises. Infrastructure projects often involve complex designs and large-scale structures. Formwork systems provide the necessary molds and support to create these structures efficiently and with precision. Contractors rely on advanced formwork solutions to meet the specific requirements of these projects. Governments of various countries invest in infrastructure development, such as highways, railways, airports, public utilities, and other large-scale projects, which require complex formwork solutions. Infrastructure projects often involve PPPs, where private sector companies collaborate with governments to fund and execute projects. These partnerships drive investments in infrastructure and, consequently, the demand for formwork systems. Infrastructure projects are typically time-sensitive, and delays can lead to cost overruns. Formwork systems help improve construction efficiency by enabling faster concrete pouring and curing. This speed is essential for meeting project timelines, making formwork systems a critical component of modern construction practices for building and maintaining essential infrastructure. Thus, the growing infrastructure development sector creates a consistent and substantial demand for formwork systems, which drives the market.

Middle East & Africa Formwork System Market Overview

The formwork system market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, and the UAE. The Middle East & Africa is projected to witness rapid growth in commercialization and industrialization in the coming years. These countries are economically developed, while the African countries are yet to match up to the economic situation of these countries. In the era of continuous technological developments, the integration of advanced technologies is increasing in a range of industries, including construction in the Middle East. The use of advanced building materials and implementation of technologies in the construction industry will promote the scope of formwork systems in the Middle East & Africa. Countries such as the UAE, Saudi Arabia, Kuwait, Qatar, and Bahrain are investing considerably in infrastructure projects to strengthen the construction sector and address rapidly growing population demands. Both private and government construction players are working together to cater to infrastructure demands and earn high revenues.

Regional contractors are facing pressures related to time, cost, and efficiency; hence, the construction sector in the Middle East & Africa is rapidly adopting advanced construction technology. As per the officials of Construction Week, the GCC is becoming a saturated market at an exponential rate for formwork suppliers. Therefore, the contractors are selecting the material to reuse their products in order to drive a zero-waste community. The contractors are also selecting formwork that can be reusable in the mid-to-long term. For example, plastic formwork is easy to fix and does not absorb moisture, shrink, or swell. While selecting a formwork system, technology also plays a vital role. For instance, an indoor tennis center is developed as a part of the Student Activities and Athletic Facilities Project (SAAF) of Kuwait University in Al-Shadadiya. Under this, in July 2019, Peri announced it would efficiently change the project team's vision-the engineers designed 3D building models and 3D plans based on building plans. Thus, to construct complex and curved reinforced concrete walls with differently sized box-outs and varying wall thicknesses between 20 and 30 cm, the customized 3D formwork elements were utilized.

Middle East & Africa Formwork System Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Formwork System Market Segmentation

The Middle East & Africa formwork system market is segmented based on offerings, material used, and country.

Based on offerings, the Middle East & Africa formwork system market is bifurcated into solutions and services. The solutions segment held a larger share in 2022.

In terms of material used, the Middle East & Africa formwork system market is segmented into wood, metal, and others. The wood segment held the largest share in 2022.

Based on country, the Middle East & Africa formwork system market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa formwork system market in 2022.

Encofrados Alsina, Brand Industrial Services Inc, FORSA SA., MEVA GmbH, PERI GmbH, and Doka GmbH are some of the leading companies operating in the Middle East & Africa formwork system market.

Product Code: BMIRE00029995

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. Middle East & Africa Formwork System Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Formwork System Suppliers

5. Middle East & Africa Formwork System Market - Key Industry Dynamics

5.1 Middle East & Africa 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 - Middle East & Africa Market Analysis

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

7. Middle East & Africa Formwork System Market Analysis - Offering

7.1 Solutions
- 7.1.1 Overview
- 7.1.2 Solutions Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. Middle East & Africa 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. Middle East & Africa Formwork System Market - Country Analysis

9.1 Middle East & Africa
- 9.1.1 Middle East & Africa Formwork System Market, Breakdown, By Country - Revenue (2022) (US$ Million)
- 9.1.2 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.1.2.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
  - 9.1.2.2 South Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.2.2.1 South Africa Formwork System Market Breakdown by Offering
    - 9.1.2.2.2 South Africa Formwork System Market Breakdown by Material Used
  - 9.1.2.3 Saudi Arabia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.2.3.1 Saudi Arabia Formwork System Market Breakdown by Offering
    - 9.1.2.3.2 Saudi Arabia Formwork System Market Breakdown by Material Used
  - 9.1.2.4 UAE Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.2.4.1 UAE Formwork System Market Breakdown by Offering
    - 9.1.2.4.2 UAE Formwork System Market Breakdown by Material Used
  - 9.1.2.5 Rest of Middle East & Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.2.5.1 Rest of Middle East & Africa Formwork System Market Breakdown by Offering
    - 9.1.2.5.2 Rest of Middle East & Africa Formwork System Market Breakdown by Material Used

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition

11. Company Profiles

11.1 Encofrados Alsina
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Brand Industrial Services Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 FORSA SA.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 MEVA Schalungs-Systeme GmbH
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 PERI GmbH
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Doka GmbH
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index