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

Publication Month: Jul 2021 | Report Code: TIPRE00023469 | No. of Pages: 93 | Category: Manufacturing and Construction | Status: Published

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The formwork system market in North America is expected to grow from US$ 1,221.54 million in 2021 to US$ 1,607.29 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Rising infrastructure projects is the major factor driving the growth of the North America formwork system market. The surge in construction work across residential, commercial, and several industries, owing to the growing urbanization and industrialization, is expected to drive the growth of the formwork system market. The government is putting additional emphasis on strengthening the construction and infrastructural development, which is projected to create lucrative opportunities for the scaffolding and formwork industry. In addition to government support, companies are working on infrastructural projects. For example, renewable energy is a leading sector in power-generation industry. As per the International Energy Agency (IAE) predictions, in 2023, the renewables would create nearly 30% of the total electricity demand, compared to 24% for 2017. Also, hydropower remains a single source of renewable energy, which would be covering 16% (by 2023) of North America electricity demand, later followed by wind farms (6%), solar (4%), and bioenergy (3%). The growing power generation industry would continue to benefit the growth of companies such as Doka GmbH. The company provides formwork solutions for power-plant construction and is also a leading player in energy projects for the future generations.


Moreover, formwork solutions are used for conventional power plants, nuclear power plants, and other public work projects. Therefore, growing infrastructural projects coupled with favorable government support for strengthening construction sector across the world would positively contribute the adoption of formwork system during the forecast period.      

 

The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. Most of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. The US is one of the largest markets for formwork system. Also, in Canada, construction projects deemed nonessential were shut down, and the essential projects are subject to public health guidelines.

 

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 North America formwork system market. The North America formwork system market is expected to grow at a good CAGR during the forecast period.


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North America Formwork System Market Segmentation

 

North America Formwork System Market – By Offering

  • Solutions
  • Service

North America Formwork System Market – By Material Used

  • Wood
  • Metal
  • Others

North America Formwork System Market, by Country

  • US
  • Canada
  • Mexico

North America 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
  • PERI GmbH 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Formwork System Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           North America Formwork System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Infrastructure Projects Rising

5.1.2        Surging Scope of Wood Formwork Across North America

5.2         Market Opportunities

5.2.1        Construction Sector Witnessing Boom

5.3         Future Trends

5.3.1        Upcoming of New Formwork Technologies

5.4         Impact Analysis of Drivers and Restraints

6.           Formwork System Market – North America Analysis

6.1         North America Formwork System Market Overview

6.2         North America Formwork System Market Revenue Forecast and Analysis

7.           North America Formwork System Market – By Offering

7.1         Overview

7.2         North America Formwork System Market, by Offering (2020 and 2028)

7.3         Solutions

7.3.1        Overview

7.3.2        Solutions: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Service

7.4.1        Overview

7.4.2        Service: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Formwork System Market – By Material Used

8.1         Overview

8.2         North America Formwork System Market, by Material Used (2020 and 2028)

8.3         Wood

8.3.1        Overview

8.3.2        Wood: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Metal

8.4.1        Overview

8.4.2        Metal: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Formwork System Market – North America Analysis

9.1         Overview

9.1.1        North America: Formwork System Market- by Key Country

9.1.1.1          US: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Formwork System Market- by Offering

9.1.1.1.2          US: Formwork System Market- By Material Used

9.1.1.2          Canada: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Formwork System Market- by Offering

9.1.1.2.2          Canada: Formwork System Market- By Material Used

9.1.1.3          Mexico: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Formwork System Market- by Offering

9.1.1.3.2          Mexico: Formwork System Market- By Material Used

10.        North America Formwork System Market - COVID-19 Impact Analysis

10.1      North America

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

12.        Company Profiles

12.1      Encofrados Alsina

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Brand Industrial Services, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Doka GmbH

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      EFCO Corp

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      FORSA SA.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      MEVA Schalungs-Systeme GmbH

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      MFE Formwork Technology Sdn Bhd

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      PERI GmbH

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             North America Formwork System Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Formwork System Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 9.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Formwork System Market Segmentation

Figure 2.           North America Formwork System Market Segmentation – By Country

Figure 3.           North America Formwork System Market Overview

Figure 4.           North America Formwork System Market, by Offering

Figure 5.           North America Formwork System Market, by Material Used

Figure 6.           North America Formwork System Market, By Country

Figure 7.           North America PEST Analysis

Figure 1.           North America Formwork System Market- Ecosystem Analysis

Figure 2.           North America Formwork System Market: Impact Analysis of Drivers and Restraints

Figure 3.           North America Formwork System Market Revenue Forecast and Analysis (US$ Million)

Figure 4.           North America Formwork System Market Revenue Share, by Offering (2020 and 2028)

Figure 5.           North America Solutions: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 6.           North America Service: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 7.           North America Formwork System Market Revenue Share, by Material Used (2020 and 2028)

Figure 8.           North America Wood: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 9.           North America Metal: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        North America Others: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America: Formwork System Market, by Key Country – Revenue 2020 (US$ Million)

Figure 12.        North America: Formwork System Market Revenue Share, by Key Country (2020 and 2028)

Figure 13.        US: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Canada: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Mexico: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Impact of COVID-19 Pandemic in North America Country Markets

 

  1. Brand Industrial Services, Inc.
  2. Doka GmbH
  3. EFCO Corp
  4. Encofrados Alsina
  5. FORSA SA.
  6. MEVA Schalungs-Systeme GmbH
  7. MFE Formwork Technology Sdn Bhd
  8. PERI GmbH 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America formwork system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America formwork system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the formwork system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00023469
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