Formwork Market Size

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Formwork Market Size, Share, Growth, Industry Analysis,
Competitive Strategies and Forescast to 2024 | Hexa Research
“The global formwork market size was valued at USD 5.17 billion in
2016 driven by a significant emphasis on development of the
construction sector owing to its major contribution to the economy.”
22 January 2019 The global Formwork Market size is expected to reach USD 6.06 billion by 2024. The growth is attributed to
rapidly expanding residential and commercial construction sector due to new construction activities and
renovation of old sites across the globe. Demand for residential spaces due to rising population will also
present potential growth opportunities for the global market.
Companies involved in the global formwork market are leveraging effective tools including Building
Information Modelling (BIM) tool, which is used to depict the entire lifecycle of a structure from planning to
execution. BIM automates the process of designing and developing formwork structure systems according to
the requirements of the construction site.
Timber and plywood are the key raw materials used in manufacturing formworks. However, aluminum
formworks are increasingly gaining popularity as they are light weight and have low density. Aluminum
formworks have longer lifespan compared to their counterparts made of timber and plywood and therefore
are more economical as well. Over the years to come, the market is expected to derive significant grow th
from aluminum formworks.
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Spending on real estate and infrastructure development are also expected to present potential growth
opportunity to the formwork market. In 2015, the global spending on real estate and infrastruc ture sectors
was USD 4.8 trillion and USD 9.5 trillion, respectively. In the infrastructure development market, China
accounted for 38.0% of the global infrastructure spending, followed by North America with 21.0%.
U.S. and Canada are among the key construction markets in North America. Construction activity in South
and West regions of U.S. will contribute the most to the growth with Texas expected to remain strong. In
Canada, demand for formwork will mainly be from non-residential and infrastructure projects, such as hotels
and office buildings. Demand from the residential sector will be led by single-family projects.
In 2016, Europe contributed over 35.0% of the global formwork market and is expected to grow further over
the forecast period. Demand from Europe is driven by the housing industry. Germany, U.K., France, Italy, and
Spain are the key markets in Europe. In 2013, the European Union (EU) commissioned Construction 2020, an
action plan to drive the regional construction sector through concrete measures.
Some of the key companies in the global formwork market include PERI GmbH; Doka Group; Brand Energy &
Infrastructure Services; ULMA Construction; Acrow; PASCHAL Group; STRABAG SE; NOE Formwork; Mascon;
Interfama; Faresin Industries; MFE Formwork Technology Sdn. Bhd.; Wall-Ties & Forms, Inc.; WACO
International Holdings Ltd.; and MEVA Formwork Systems, Inc. Most of these companies focus on offering
customized solutions in line with needs of the construction industry.
Some companies are offering formwork rental and maintenance services as well. In the forthcoming years,
Asia Pacific will present potential growth opportunities, as countries, such as China and India, are expected to
witness significant growth in the construction sector.
Hexa Research has segmented the global formwork market report based on material type:Segmentation by Material Type
• Timber & Plywood
• Aluminum
• Steel
• Others
Key Players Analyzed:
• PERI GmbH
• Doka Group
• Brand Energy & Infrastructure Services
• ULMA Construction
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• Acrow
• PASCHAL Group
• Strabag
• NOE Formwork
• Mascon
• Interfama
• Faresin
• MFE Formwork
• Wall-Ties & Forms
• WACO Intenational
• MEVA Formwork Systems, Inc.
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Table of Contents of Formwork Market:
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Methodology and Scope
2.1. Research methodology
2.2. Research Scope & Assumptions
2.3. List of data sources
Chapter 3. Formwork Market Industry Outlook
3.1. Formwork market segmentation
3.2. Formwork market size and growth prospects
3.3. Formwork Market-Value chain analysis
3.4. Raw material outlook
3.5. Regulatory Framework
3.6. Technological overview
3.7. Formwork market dynamics
3.7.1. Market drivers
3.7.2. Market restraints
3.8. Key market opportunities
3.9. Porter’s Five Forces
3.10. PESTEL analysis
Chapter 4. Formwork Market Trends, By Material Type
4.1. Global formwork market movement, by material type, 2016 & 2024
4.1.1. Timber & Plywood
4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)
4.1.2. Aluminum
4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
4.1.3. Steel
4.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
4.1.4. Others
4.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
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Chapter 5. Formwork Market Trends, By Region
5.1. Global formwork market movement, by region, 2016 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.1.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.2.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
5.1.3. Asia Pacific
5.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.3.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
5.1.4. Latin America
5.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.4.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
5.1.5. Middle East & Africa
5.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Million)
5.1.5.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
Chapter 6. Key Country Market
6.1. Global formwork market movement, by region, 2016 & 2024
6.1.1. U.S.
6.1.1.1. Market estimates and forecast, 2014 - 2024 (USD million)
6.1.1.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
6.1.2. Germany
6.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Million)
6.1.2.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
6.1.3. U.K.
6.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Million)
6.1.3.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
6.1.4. India
6.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Million)
6.1.4.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
6.1.5. China
6.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Million)
6.1.5.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
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6.1.6. Brazil
6.1.6.1. Market estimates and forecast, 2014 - 2024 (USD Million)
6.1.6.2. Market estimates and forecast, by material type, 2014 - 2024 (USD Million)
Chapter 7. Competitive Landscape
7.1. Formwork competitive scenario and vendor landscape
7.2. Company profiles
7.2.1. MEVA FormWork Systems Inc.
7.2.1.1. Company Overview
7.2.1.2. Product Benchmarking
7.2.1.3. Financial Performance
7.2.2. WACO
7.2.2.1. Company Overview
7.2.2.2. Product Benchmarking
7.2.2.3. Financial Performance
7.2.2.4. Recent Initiatives
7.2.3. Wall Ties & Forms Inc.
7.2.3.1. Company Overview
7.2.3.2. Product Benchmarking
7.2.3.3. Financial Performance
7.2.4. MFE Formwork
7.2.4.1. Company Overview
7.2.4.2. Financial Performance
7.2.4.3. Recent Initiatives
7.2.5. Faresin
7.2.5.1. Company Overview
7.2.5.2. Product Benchmarking
7.2.5.3. Financial Performance
7.2.5.4. Recent Initiatives
7.2.6. Interfama Srl
7.2.6.1. Company Overview
7.2.6.2. Product Benchmarking
7.2.6.3. Financial Performance
7.2.6.4. Recent Initiatives
7.2.7. NOE Formwork
7.2.7.1. Company Overview
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7.2.7.2. Product Benchmarking
7.2.7.3. Financial Performance
7.2.7.4. Recent Initiatives
7.2.8. STRABAG
7.2.8.1. Company Overview
7.2.8.2. Product Benchmarking
7.2.8.3. Financial Performance
7.2.8.4. Recent Initiatives
7.2.9. Mascon Formwork Systems Pvt. Ltd.
7.2.9.1. Company Overview
7.2.9.2. Product Benchmarking
7.2.9.3. Financial Performance
7.2.9.4. Recent Initiatives
7.2.10. PASCHAL Group
7.2.10.1. Company Overview
7.2.10.2. Product Benchmarking
7.2.10.3. Financial Performance
7.2.10.4. Recent Initiatives
7.2.11. ACROW
7.2.11.1. Company Overview
7.2.11.2. Product Benchmarking
7.2.11.3. Recent Initiatives
7.2.12. ULMA Construction
7.2.12.1. Company Overview
7.2.12.2. Product Benchmarking
7.2.12.3. Financial Performance
7.2.12.4. Recent Initiatives
7.2.13. Brand Energy & Infrastructure Services Inc.
7.2.13.1. Company Overview
7.2.13.2. Product Benchmarking
7.2.13.3. Recent Initiatives
7.2.14. Doka GmbH
7.2.14.1. Company Overview
7.2.14.2. Product Benchmarking
7.2.14.3. Financial Performance
7.2.14.4. Recent Initiatives
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7.2.15. PERI GmbH
7.2.15.1. Company Overview
7.2.15.2. Product Benchmarking
7.2.15.3. Financial Performance
7.2.15.4. Recent Initiatives
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The global formwork market size is expected to reach USD 6.06 billion by 2024.

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