Middle East and Africa Formwork System Market Drivers and Forecasts by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Middle East and Africa Formwork System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Solutions and Service) and Material Used (Wood, Metal, and Others)

Report Date : Jul 2021
Report Code : TIPRE00023525

Category : Manufacturing and Construction
Status : Published

Available Report Formats :
No. of Pages : 99

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The formwork system market in MEA is expected to grow from US$ 258.42 million in 2021 to US$ 305.39 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2021 to 2028.

Saudi Arabia, South Africa, and UAE are major economies in MEA. Arrival of new formwork technologies is the major factor driving the growth of the MEA formwork system market. The advent of latest designs keeps encouraging the formwork manufacturers to roll out new and tailored solutions to fulfill the demand of abstract projects. The contemporary building system is getting dominated by ever-higher buildings and complex geometries. Therefore, success of such complex buildings relies on the efficiency of construction processes. With continuous technological developments, modular formwork systems are getting introduced with standardized component items and panels to lower the need of cutting material at site. Introduction of wireless temperature monitoring formwork system, fiberglass shuttering, tunnel formwork, concrete form lining formwork, and semi-system formwork are expected to propel the growth of the formwork system market in the coming years. Tunnel formwork: The tunnel form is a formwork system enabling contractor to cast slabs & walls in one operation on a daily cycle. The tunnel formwork unites quality, accuracy, and speed with flexibility and economy of an in-situ construction. Also, hi-tech technologies of steel formwork production make the tunnel formwork durable and stronger. The system can create efficient load-bearing structures that are also known as earthquake resistant structures. Therefore, development of such new construction technologies in formwork industry would positively foster the market growth.

To reduce the impact of COVID–19, the governments have adopted contingency plans such as complete lockdown and 24-hour sterilization program. The introduction of lockdowns has resulted in a halt of construction activities in the region. The slowdown in construction activities in the region has directly impacted the sales of formwork system in the region. Also, various countries have imposed travel bans, which will create challenges in recruiting and moving employees; this will impact the projects that are in the initial stage. Also, most of the businesses in the region have come to a halt and are expected to continue slower than usual pace. The countries are taking significant containment measures to reduce the number of infected patients. COVID-19 pandemic outbreak, which has severely affected the construction industry and has resulted in the declining sales of the formwork system in MEA

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA formwork system market. The MEA formwork system market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

MEA Formwork System Market Segmentation

MEA Formwork System Market – By Offering

Solutions
Service

MEA Formwork System Market – By Material Used

Wood
Metal
Others

MEA Formwork System Market, by Country

Saudi Arabia
South Africa
UAE
Rest of MEA

MEA Formwork System Market - Companies Mentioned

Brand Industrial Services, Inc.
Doka GmbH
EFCO Corp
Encofrados Alsina
FORSA SA.
MEVA Schalungs-Systeme GmbH
MFE Formwork Technology Sdn Bhd
PASCHAL-Werk G. Maier GmbH
PERI GmbH

Middle East and Africa Formwork System Report Scope

Report Attribute	Details
Market size in 2021	US$ 258.42 Million
Market Size by 2028	US$ 305.39 Million
Global CAGR (2021 - 2028)	2.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Offering Solutions and Service By Material Used Wood Metal
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Brand Industrial Services, Inc. Doka GmbH EFCO Corp Encofrados Alsina FORSA SA. MEVA Schalungs-Systeme GmbH MFE Formwork Technology Sdn Bhd PASCHAL-Werk G. Maier GmbH PERI GmbH

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Middle East and Africa Formwork System Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Middle East and Africa Formwork System Market Report Snapshots

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