Concrete Formwork Market: Global Market Analysis and Forecast 2024-2030

The Global Concrete Formwork Market size was valued at a USD 9128.64 Mn. in 2023 and is expected to grow at a CAGR of 3.6%, to reach a USD 11692.9 Mn. by the year 2030.

The global concrete formwork market refers to the production and use of moulds, frames, or structures that hold the concrete in place until it hardens. The formwork is an essential part of the construction process as it helps to shape and support the concrete until it gains sufficient strength.

The demand for concrete formwork is driven by various factors such as the rise in population, urbanization, and construction activities across the world. Additionally, the increase in infrastructure spending by governments is also a significant driver for the market's growth.

There are various types of concrete formwork available in the market, including traditional timber formwork, steel formwork, and aluminium formwork. Traditional timber formwork is widely used in small-scale construction projects and is popular due to its low cost. Steel formwork is durable and can be used for a long time, making it ideal for large-scale construction projects. Aluminium formwork is lightweight, easy to handle, and can be reused many times, making it ideal for high-rise buildings and large-scale construction projects.

Concrete formwork is used in a wide range of construction projects such as buildings, bridges, tunnels, dams, and other infrastructure projects. It is an essential part of the construction process, and its quality and durability are crucial for the success of the project.

The concrete formwork market is growing rapidly in the Asia-Pacific region, particularly in countries such as China, India, and Japan, due to the rise in construction activities in the region. North America and Europe are also significant markets for concrete formwork due to the increase in infrastructure spending by governments.
Some of the key players operating in the global concrete formwork market are Doka, PERI, BEIS, Ulma, Acrow, PASCHAL, NOE, RMD Kwikform, and Hunnebeck. These companies are investing heavily in research and development activities to develop new and innovative products to stay ahead in the market.

The global concrete formwork market is expected to grow significantly in the coming years due to the rise in construction activities across the world. The market is highly competitive, and key players are investing heavily in research and development activities to stay ahead in the market. The demand for concrete formwork is expected to increase due to the rise in population, urbanization, and infrastructure spending by governments.To know about the Research Methodology :- Request Free Sample Report
Research Methodology
The research utilised primary and secondary data sources to ensure that all possible market factors were thoroughly examined and validated. The market size for top-level markets and sub-segments is normalized and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast.

The bottom-up approach and multiple data triangulation methodologies are used to estimate the market size and forecasts. The percentage splits, market shares and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise analysis of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country. Major players in the market are identified through secondary research based on indicators that include market revenue, price, services offered, advancements, mergers and acquisitions, and joint.

Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation
Concrete Formwork Market Dynamics
The increase in population and urbanization has led to a surge in construction activities across the world, which is driving the demand for concrete formwork. Governments across the world are increasing their infrastructure spending to boost economic growth, which is driving the demand for concrete formwork. The growing demand for high-rise buildings, particularly in urban areas, is driving the demand for aluminium formwork, which is lightweight and easy to handle. The increasing use of precast concrete is driving the demand for concrete formwork, as it requires moulds and frames for manufacturing precast concrete components.

The use of timber formwork raises environmental concerns, as it involves the use of wood, which is a non-renewable resource. Governments are implementing regulations to promote the use of sustainable and eco-friendly materials, which could affect the demand for traditional timber formwork. The initial investment required for steel and aluminium formwork is higher compared to traditional timber formwork, which could limit their adoption, particularly in small-scale construction projects. The availability of skilled labour is a challenge in some regions, particularly in developing countries, which could affect the adoption of advanced formwork technologies.

The development of advanced formwork technologies, such as 3D printing and robotic formwork, presents significant opportunities for the concrete formwork market. Emerging markets, such as India and China, are witnessing significant growth in construction activities, which presents significant opportunities for the concrete formwork market. The reuse and recycling of formwork materials, particularly steel and aluminium formwork, presents significant cost-saving opportunities for the construction industry.

Modular formwork systems, which are easy to assemble and disassemble, are gaining popularity in the construction industry due to their flexibility and cost-effectiveness. Climbing formwork, which is used for high-rise buildings, is gaining popularity due to its ability to move vertically and adapt to the shape of the building. The use of digital technologies, such as Building Information Modeling (BIM) and Virtual Reality (VR), is becoming increasingly popular in the construction industry, which presents significant opportunities for the concrete formwork market.
Concrete Formwork Market Segment Analysis:
Concrete Formwork Market by Type

Traditional timber formwork: This is the oldest and most common form of formwork used in the construction industry. It is made from timber and plywood and is the most cost-effective formwork option. However, it has several drawbacks such as low durability, time-consuming setup and dismantling, and high labor costs.
Engineered formwork systems: These are prefabricated formwork systems made from materials such as steel, aluminium, and plastics. They offer a high level of precision and can be assembled and dismantled quickly, saving time and labor costs. They are more durable than traditional timber formwork and can be reused many times, making them more cost-effective in the long run.

Reusable plastic formwork: These formwork systems are made from lightweight plastic materials that are easy to assemble and disassemble. They offer a high level of precision and can be reused many times. They are ideal for repetitive structures such as low-rise buildings or mass housing projects.

Stay-in-place formwork: These formwork systems are designed to remain in place after the concrete has been poured and cured. They are used to provide permanent insulation, support, or cladding for concrete structures.

Permanent insulated formwork: These systems provide permanent insulation for walls and roofs. They consist of insulating panels that are attached to formwork panels, and the concrete is poured between them.
Others: Other types of formwork include flexible formwork, jump formwork, slipformwork, and tunnel formwork.
Concrete Formwork Market by Material

Timber and plywood: This is the most common material used for traditional formwork systems. It is readily available, cost-effective, and easy to work with.

Steel: Steel formwork is commonly used for large-scale construction projects. It is durable, can be reused many times, and provides a high level of precision.

Aluminum: Aluminum formwork is lightweight and easy to assemble and disassemble. It is ideal for construction projects that require a high level of precision and speed.

Others: Other materials used for formwork include plastic, composite materials, and fiberglass.
Concrete Formwork Market Application

Residential construction: Formwork is used extensively in the construction of houses, apartments, and other residential buildings. It is used for walls, slabs, beams, columns, and stairs.

Commercial construction: Formwork is used in the construction of commercial buildings such as offices, shopping malls, and hotels. It is used for walls, slabs, beams, columns, and stairs.

Industrial construction: Formwork is used in the construction of industrial buildings such as factories, warehouses, and power plants. It is used for walls, slabs, beams, columns, and stairs.

Infrastructure construction: Formwork is used in the construction of infrastructure projects such as bridges, tunnels, and dams. It is used for walls, slabs, beams, columns, and other structures.

Others: Formwork is also used in the construction of special structures such as swimming pools, sports facilities, and high-rise buildings.
Concrete Formwork Market Regional Insights:
North America: The North American market is dominated by the United States, which has a large construction industry and a high demand for formwork systems.

Europe: The European market is dominated by countries such as Germany, France, and the United Kingdom. The region has strict building codes and regulations, which drive the demand for high-quality formwork systems.

Asia Pacific: The Asia Pacific region is the fastest-growing market for concrete formwork, driven by the increasing construction activities in countries such as China and India.

Latin America: Brazil is the largest market for concrete formwork in Latin America, driven by the country's growing construction industry and urbanization. Mexico is another major market for concrete formwork in the region. The country has a large and growing construction industry, and the government has invested heavily in infrastructure projects.

Middle East and Africa: The concrete formwork market in the Middle East and Africa (MEA) region is expected to witness significant growth over the forecast period, primarily due to the rapid urbanization and infrastructure development in the region. The region is expected to witness an increase in demand for residential and commercial buildings, as well as public infrastructure projects such as airports, highways, and bridges, which would drive the demand for concrete formwork. In the MEA region, the traditional timber formwork segment holds the largest market share, as it is widely used in the construction of low-rise buildings and small-scale construction projects. However, the engineered formwork segment is expected to grow at a faster rate, owing to its advantages such as durability, reusability, and ease of handling.
Concrete Formwork Market Competitive Analysis
The global concrete formwork market is highly competitive, with several players operating in the market. The market players are continuously focusing on new product launches, partnerships, collaborations, and acquisitions to expand their market share. Some of the key players in the market include PERI Group, Doka GmbH, ULMA Construction, PASCHAL-Werk G. Maier GmbH, MEVA Schalungs-Systeme GmbH, Acrow Formwork & Construction Services Pty Ltd., NOE-Schaltechnik Georg Meyer-Keller GmbH + Co. KG, Hunnebeck Group, RMD Kwikform, and MFE Formwork Technology Sdn Bhd.

PERI Group is a leading manufacturer and supplier of formwork and scaffolding systems. The company offers a wide range of formwork solutions, including traditional timber formwork, engineered formwork systems, and reusable plastic formwork. PERI Group has a strong presence in the market, with operations in over 60 countries. The company is focused on product innovation, with a strong research and development team dedicated to developing new formwork solutions.

Doka GmbH is a global supplier of formwork solutions for the construction industry. The company offers a wide range of formwork systems, including wall formwork, slab formwork, climbing formwork, and tunnel formwork. Doka GmbH is known for its high-quality formwork solutions, with a focus on safety, efficiency, and sustainability. The company has a strong global presence, with operations in over 70 countries.

ULMA Construction is a leading supplier of formwork and scaffolding systems. The company offers a wide range of formwork solutions, including traditional timber formwork, engineered formwork systems, and stay-in-place formwork. ULMA Construction is known for its innovative formwork solutions, with a focus on safety, efficiency, and sustainability. The company has a strong presence in Latin America, with operations in several countries including Mexico, Brazil, and Argentina. ULMA Construction is focused on expanding its market share through strategic partnerships and acquisitions.
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Concrete Formwork Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 9128.64 Mn.


Forecast Period 2024 to 2030 CAGR:
3.6%
Market Size in 2030:
USD 11692.9 Mn.


 Segments Covered:
by Type
1.Traditional timber formwork
2.Engineered formwork systems
3.Reusable plastic formwork
4.Stay-in-place formwork
5.Permanent insulated formwork
6.Others


by Material
1.Timber and plywood
2.Steel
3.Aluminium
4.Others


by Application
1.Residential construction
2.Commercial construction
3.Industrial construction
4.Infrastructure construction
5.Others



Concrete Formwork Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Concrete Formwork Market, Key players
The report has covered the profiles of Concrete Formwork manufacturing companies from a strategic perspective. The selection of these key Concrete Formwork Manufacturers has been done on certain criteria.

North America:
1.Doka USA
2.PERI Formwork Systems Inc.
3.Wall-Ties & Forms, Inc.
4.Symons by Dayton Superior
5.Gates Rental Services

Europe:
1.Doka GmbH
2.PERI Group
3. RMD Kwikform
4.MEVA Schalungs-Systeme GmbH
5.Hünnebeck

Asia-Pacific:
1. Ulma Formwork Systems India Pvt. Ltd.
2.Paschal-Indonesia
3.MFE Formwork Technology Sdn Bhd
4. Tianjin Zhanli Industry & Trade Co., Ltd.
5.TMS Formwork and Scaffolding Systems Pvt. Ltd.

Middle East and Africa:
1. Paschal-Enshaa Emirates Formwork LLC
2.Ischebeck Titan Middle East LLC
3.Noe Middle East FZE
4. RMD Kwikform Middle East LLC
5. Peri LLC

Latin America:
1.Faresin Formwork Brazil
2.Cimbramentos de Peru
3. Ulma Cipsa
4.Paschal Americas
5.Mecal Peru S.A.

Frequently Asked Questions:

1. Which region has the largest share in Global Concrete Formwork Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Concrete Formwork Market?
Ans: The Global Concrete Formwork Market is growing at a CAGR of 3.6% during forecasting period 2024-2030.

3. What is scope of the Global Concrete Formwork Market report?
Ans: Global Concrete Formwork Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Concrete Formwork Market?
Ans: The important key players in the Global Concrete Formwork Market are – Doka USA, PERI Formwork Systems Inc., Wall-Ties & Forms, Inc., Symons by Dayton Superior, Gates Rental Services, Doka GmbH, PERI Group, RMD Kwikform, MEVA Schalungs-Systeme GmbH, Hünnebeck, Ulma Formwork Systems India Pvt. Ltd., Paschal-Indonesia, MFE Formwork Technology Sdn Bhd, Tianjin Zhanli Industry & Trade Co., Ltd., TMS Formwork and Scaffolding Systems Pvt. Ltd., Paschal-Enshaa Emirates Formwork LLC, Ischebeck Titan Middle East LLC, Noe Middle East FZE, RMD Kwikform Middle East LLC, Peri LLC, Faresin Formwork Brazil, Cimbramentos de Peru, Ulma Cipsa, Paschal Americas, Mecal Peru S.A.

5. What is the study period of this Market?
Ans: The Global Concrete Formwork Market is studied from 2023 to 2030.