Construction Formwork Market Trends and Forecast
The future of the global construction formwork market looks promising with opportunities in the building construction, transportation construction, and industrial facility construction markets. The global construction formwork market is expected to grow with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing urban population and infrastructure development, rising adoption of advanced materials and techniques, along with the supportive policies and investments in infrastructure development.
• Lucintel forecasts that timber construction formwork is expected to witness the highest growth over the forecast period.
• Within this market, building construction is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Formwork Market
• United States - Several US construction firms have announced partnerships with tech companies to integrate AI-driven formwork solutions for increased efficiency. Government initiatives aim to promote sustainable construction practices, with targets set to reduce carbon emissions by 2030.
• Germany - German construction firms are focusing on modular formwork systems to enhance project flexibility and reduce construction time. Companies have announced targets to achieve net-zero emissions in construction by 2040, supported by government subsidies for sustainable building technologies.
• China - Chinese construction giants have introduced 3D printing technologies for formwork, aiming to lower costs and enhance productivity. Government initiatives include targets for increasing urban green spaces, driving demand for eco-friendly formwork solutions.
• Australia - Australian construction companies are adopting digital formwork solutions to streamline project management and reduce material waste. Government targets focus on infrastructure upgrades to support regional development, with investments in sustainable building technologies like recyclable formwork materials.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Formwork Market by Segment
The study includes a forecast for the global construction formwork market by type, application, and region.
Construction Formwork Market by Type [Value from 2018 to 2030]:
• Timber Construction Formwork
• Steel Construction Formwork
• Aluminum Alloy Construction Formwork
• Others
Construction Formwork Market by Application [Value from 2018 to 2030]:
• Buildings Construction
• Transportation Construction
• Industrial Facilities Construction
• Others
Construction Formwork Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Formwork Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction formwork companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction formwork companies profiled in this report include-
• Doka
• BEIS
• ULMA Construction
• Alsina
• Acrow
• Acrowmisr
• Paschal
Recent Development in the Construction Formwork Market
• Doka Group : Doka Group has launched an advanced formwork system using 3D printing technology, enhancing construction efficiency and reducing material waste.
• PERI Group : PERI Group introduced a new lightweight formwork solution made from recyclable materials, aligning with sustainability goals and reducing carbon footprint in construction projects.
• ULMA Construction : ULMA Construction developed a modular formwork system that allows for rapid assembly and disassembly, optimizing construction timelines and increasing on-site safety.
• Alsina Group : Alsina Group announced a collaboration with a tech startup to integrate IoT sensors into their formwork systems, enabling real-time monitoring and predictive maintenance on construction sites.
Features of the Global Construction Formwork Market
Market Size Estimates: Construction formwork market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction formwork market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction formwork market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction formwork market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction formwork market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction formwork market?
Answer: The global construction formwork market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction formwork market?
Answer: The major drivers for this market are increasing urban population and infrastructure development, rising adoption of advanced materials and techniques, along with the supportive policies and investments in infrastructure development.
Q3. What are the major segments for construction formwork market?
Answer: The future of the global construction formwork market looks promising with opportunities in the building construction, transportation construction, and industrial facility construction markets.
Q4. Who are the key construction formwork market companies?
Answer: Some of the key construction formwork companies are as follows:
• Doka
• BEIS
• ULMA Construction
• Alsina
• Acrow
• Acrowmisr
• Paschal
Q5. Which construction formwork market segment will be the largest in future?
Answer: Lucintel forecasts that timber construction formwork is expected to witness the highest growth over the forecast period.
Q6. In construction formwork market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction formwork market by type (timber construction formwork, steel construction formwork, aluminum alloy construction formwork, and others), application (buildings construction, transportation construction, industrial facilities construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Formwork Market, Construction Formwork Market Size, Construction Formwork Market Growth, Construction Formwork Market Analysis, Construction Formwork Market Report, Construction Formwork Market Share, Construction Formwork Market Trends, Construction Formwork Market Forecast, Construction Formwork Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.