[Research Report] The formwork system market was valued at US$ 5,812.03 million in 2022 and is projected to reach US$ 8,731.06 million by 2030; it is expected to record a CAGR of 5.2% from 2022 to 2030.
Analyst Perspective:
Geographically, the formwork system market share is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In 2022, the largest revenue share of the global formwork system market was held by APAC; it is also expected to register the highest growth rate in the global formwork system market during the forecast period, owing to a rise in urbanization. A large population in the region has been posing high demand for commercial and residential construction. Moreover, construction activity is growing significantly in Southeast Asia, which is expected to support the growth of the formwork system market share in the region.
In North America, the rise in the construction of green buildings and the surge in retrofitting activities is expected to support the growth of the formwork system. Also, the construction sector, coupled with government bodies of the US, is taking initiatives to promote infrastructural development in the country. It includes residential buildings and a few large concrete structures such as bridges. Such construction projects are expected to bolster the formwork system market growth in the coming years.
In Europe, industrial sectors are becoming more inclined toward adopting advanced technologies. Moreover, Italy, the UK, and Germany showcased a major deployment of formwork systems owing to the presence of a large number of formwork manufacturers. Doka GmbH, FORSA S.A, Faresinformwork, and PASCHAL are a few of the well-established players operating in the formwork system market and offering complete formwork solutions and services to cater to the rising number of infrastructure projects. Similarly, the Red Sea and Neom Project and Al Qiddiya in Saudi Arabia, Vision 2030 are a few of the prominent construction projects in MEA. Such construction projects are expected to create significant formwork system market growth in the MEA.
Market Overview:
Formwork is a conventional method used by construction contractors to create the mold for a structure on site. However, with technological development and the requirement of advanced cost-saving and time-saving solutions by contractors, there is an increased need for a formwork system, which is a modern formwork technology that has emerged in the formwork system market. In formwork, mainly plywood or timbers are used to create a mold with on-site preparation for customized requirements, which is a low-cost solution but takes enormous time for installation and assembly. On the other hand, the formwork system is a structured solution that uses metal or a combination of metal and wood to form a frame that saves time for assembling and reduces complications. The system is quick to assemble and eliminates or limits the need for cutting material on-site. Formwork system offers enhanced safety in construction sites and provides a less complicated solution for workers. The surfaces are built out with frames for ease at installation and joining, with lower life-cycle costs. The formwork system offers maximum reusability with proper maintenance and care. Thus, the demand for formwork systems is rising at a significant rate in developing and developed nations. Further, the utilization of the designing structure to ease the assembling or installation process, along with the integration of software in construction operations, is contributing to the formwork system market growth.
In the competitive formwork system market, builders and contractors are undergoing competition with respect to the use of advanced building materials. This aspect includes the adoption of economic scaffolding & formwork solutions while boosting the safety of workers as well as the speed and quality of building materials. Along with formwork solutions, an array of services are provided such as maintenance & inspection, retrofitting, remote support & hotline packages, repairs & spare parts, consultation, etc. The formwork solutions are widely used in wall construction, slab supporting decks, art stone textured panels, beams, column construction in submerged conditions, concrete house/pool construction, rebuilding columns in water, and other applications.
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Formwork System Market: Strategic Insights
Market Size Value in US$ 5,812.03 million in 2022 Market Size Value by US$ 8,731.06 million by 2030 Growth rate CAGR of 5.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Formwork System Market: Strategic Insights
| Market Size Value in | US$ 5,812.03 million in 2022 |
| Market Size Value by | US$ 8,731.06 million by 2030 |
| Growth rate | CAGR of 5.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Increasing Number of Infrastructure Development Projects Globally is Boosting Formwork System Market
Infrastructure development projects encompass a wide range of construction activities, including the construction of roads, bridges, tunnels, dams, and airports, among others. These projects require various types of formwork systems to shape and support concrete structures. As infrastructure development surges, the demand for formwork systems rises. Infrastructure projects often involve complex designs and large-scale structures. Formwork systems provide the necessary molds and support to create these structures in a precise and efficient manner. Contractors rely on advanced formwork solutions to meet the specific requirements of these projects. Governments of various countries invest in infrastructure development, such as highways, railways, airports, public utilities, and other large-scale projects, which require complex formwork solutions. Infrastructure projects often involve PPPs, where private sector companies collaborate with governments to fund and execute projects. These partnerships drive investments in infrastructure and, consequently, the demand for formwork systems. Infrastructure projects are typically time-sensitive, and delays can lead to cost overruns. Formwork systems help improve construction efficiency by enabling faster concrete pouring and curing. This speed is essential for meeting project timelines, making formwork systems a critical component of modern construction practices for building and maintaining essential infrastructure. Thus, the growing infrastructure development sector creates a consistent and substantial demand for formwork systems, which drives the formwork system market.
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Segmental Analysis:
Based on offering, the formwork system market share is bifurcated into solutions and services. The solutions segment held a larger share in 2022; it is also expected to continue dominating during the forecast period, owing to the high demand for aluminum and wood formwork systems. The construction sector is becoming advanced with continuous technological developments. Contractors are using advanced solutions to make infrastructural projects cost-effective, as well as boost the speed of construction and flexibility or the surface quality of construction property. At present, builders and contractors are undergoing a high degree of competition, which is creating demand for economic formwork solutions to provide greater speed, timely completion of construction projects, and enhance the safety of workers, as well as the quality of work.
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Regional Analysis:
The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their industrial sectors, including construction, healthcare, and food. The continuous contribution of tech giants in technological advancements has stimulated competitive markets across the region, thereby integrating cutting-edge technologies in their respective business processes for better growth in the coming years. North America leads the formwork system market; it is anticipated to be the largest revenue contributor to the global formwork system market during the forecast period.
Governments of the US, Canada, and Mexico are investing significant amounts in the development of nonresidential infrastructures, including airports, hospitals, hotels, office buildings, and universities. Modern-day builders emphasize advanced technologies to build an attractive infrastructure as a majority of the abovementioned facilities experience a significantly high footfall on a regular basis; hence, a reliable and aesthetic look for such buildings are a few important factors to the contractors.
PERI, Elite Formwork, Omega Formwork Inc., Synergy Formwork, Trekker Group, and Alsina Formwork are a few formwork system market players are fulfilling the requirement of building structures. Zaha Hadid Architects (ZHA) and ETH Zurich have partnered to design and create freeform concrete shells utilizing 3D-knitted formwork. This formwork has been known as "KnitCandela" and was constructed for the museum in Mexico City. KnitCandela was established at the courtyard of Museo Universitario Arte Conteporáneo in Mexico City. Such projects would positively drive the formwork system market share of North America.
Key Player Analysis:
Alsina Formwork, Brand Industrial Services, Inc; Doka GmbH; Efco Corp.; Forsa S.A; Meva Formwork Systems; MFE Formwork Technology Sdn Bhd; Paschal International; PERI; and Shandong Xingang Formwork Co., Ltd. are among the key formwork system market players operating in the market.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global formwork system market. A few recent developments by key formwork system market players are listed below:
Year | News | Region |
March, 2021 | Brand Industrial Services, Inc. collaborated with the Windsor-Detroit Bridge Authority to complete the Gordie Howe International Bridge. The company provides formwork, falsework, stair towers, and access platforms for the 2.5 km bridge. | North America |
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offerings, and Material Used
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Alsina Formwork, Brand Industrial Services, Inc; Doka GmbH; Forsa S.A; Meva Formwork Systems; and PERI are the key market players operating in the global formwork system market.
Rental services offer a flexible and cost-effective solution for construction companies, contractors, and various industries that require temporary access solutions. Renting a formwork system is often more cost-effective than purchasing, as it eliminates the need for a large upfront investment. This appeals to businesses looking to manage expenses while still accessing quality formwork systems.
The development of the latest designs encourages formwork manufacturers to roll out latest and tailored solutions to fulfill the demand for abstract projects. The contemporary building system is dominated by skyscrapers and complex geometries. Therefore, the success of these complex buildings relies on the efficiency of construction processes. With continuous technological developments, modular formwork systems are introduced with standardized component items and panels to lower the need for cutting material at sites.
The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their industrial sectors, including construction, healthcare, and food. The continuous contribution of tech giants in technological advancements has stimulated competitive markets across the region, thereby integrating cutting-edge technologies in their respective business processes for better growth in the coming years. North America leads the formwork system market, and the market is anticipated to be the largest revenue contributor to the global market during the forecast period.
Increasing demand for data centers coupled with retail need for refurbishment is anticipated to boost the construction sector. Moreover, growing investment in renovating old buildings and structures and increasing inclination toward a greener future are boosting the scope of green buildings, which is projected to expand the construction sector in the coming years.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Formwork System Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Formwork System Suppliers
5. Formwork System Market - Key Industry Dynamics
5.1 Formwork System Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Number of Infrastructure Development Projects Globally
5.2.2 Rise in Adoption of Formwork System Rental Services
5.2.3 Growing Adoption of Metal Formwork
5.3 Market Restraints
5.3.1 Less Construction Projects in Developing Countries such as China, South Africa
5.3.2 Storage Space Constraints
5.4 Market Opportunities
5.4.1 Growing Adoption of Modular and Reusable Formwork Systems
5.4.2 Growth in Construction Sector
5.5 Future Trends
5.5.1 Advent of New Formwork Technologies
5.6 Impact of Drivers and Restraints:
6. Formwork System Market - Global Market Analysis
6.1 Formwork System Market Revenue (US$ Million), 2022 – 2030
6.2 Formwork System Market Forecast and Analysis
7. Formwork System Market Analysis - Offering
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Services
7.1.3.1 Overview
7.1.3.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Formwork System Market Analysis – Material Used
8.1 Wood
8.1.1 Overview
8.1.2 Wood Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Metal
8.2.1 Overview
8.2.2 Metal Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Formwork System Market - Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Formwork System Market Overview
9.2.2 North America Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.3 North America Formwork System Market Breakdown by Offering
9.2.3.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Offering
9.2.4 North America Formwork System Market Breakdown by Material Used
9.2.4.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Material Used
9.2.5 North America Formwork System Market Revenue and Forecasts and Analysis - By Country
9.2.5.1 North America Formwork System Market Revenue and Forecasts and Analysis - By Country
9.2.5.2 US Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.2.1 US Formwork System Market Breakdown by Offering
9.2.5.2.2 US Formwork System Market Breakdown by Material Used
9.2.5.3 Canada Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.3.1 Canada Formwork System Market Breakdown by Offering
9.2.5.3.2 Canada Formwork System Market Breakdown by Material Used
9.2.5.4 Mexico Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.4.1 Mexico Formwork System Market Breakdown by Offering
9.2.5.4.2 Mexico Formwork System Market Breakdown by Material Used
9.3 Europe
9.3.1 Europe Formwork System Market Overview
9.3.2 Europe Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.3 Europe Formwork System Market Breakdown by Offering
9.3.3.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Offering
9.3.4 Europe Formwork System Market Breakdown by Material Used
9.3.4.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Material Used
9.3.5 Europe Formwork System Market Revenue and Forecasts and Analysis - By Country
9.3.5.1 Europe Formwork System Market Revenue and Forecasts and Analysis - By Country
9.3.5.2 France Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.2.1 France Formwork System Market Breakdown by Offering
9.3.5.2.2 France Formwork System Market Breakdown by Material Used
9.3.5.3 Germany Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.3.1 Germany Formwork System Market Breakdown by Offering
9.3.5.3.2 Germany Formwork System Market Breakdown by Material Used
9.3.5.4 Italy Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.4.1 Italy Formwork System Market Breakdown by Offering
9.3.5.4.2 Italy Formwork System Market Breakdown by Material Used
9.3.5.5 UK Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.5.1 UK Formwork System Market Breakdown by Offering
9.3.5.5.2 UK Formwork System Market Breakdown by Material Used
9.3.5.6 Russia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.6.1 Russia Formwork System Market Breakdown by Offering
9.3.5.6.1.1 Russia Formwork System Market Breakdown by Material Used
9.3.5.7 Rest of Europe Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.7.1 Rest of Europe Formwork System Market Breakdown by Offering
9.3.5.7.2 Rest of Europe Formwork System Market Breakdown by Material Used
9.4 Asia Pacific Formwork System Market
9.4.1 Overview
9.4.2 Asia Pacific Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.3 Asia Pacific Formwork System Market Breakdown by Offering
9.4.3.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Offering
9.4.4 Asia Pacific Formwork System Market Breakdown by Material Used
9.4.4.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Material Used
9.4.5 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Country
9.4.5.1 Asia Pacific Formwork System Market Revenue and Forecasts and Analysis - By Country
9.4.5.2 Australia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.2.1 Australia Formwork System Market Breakdown by Offering
9.4.5.2.2 Australia Formwork System Market Breakdown by Material Used
9.4.5.3 China Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.3.1 China Formwork System Market Breakdown by Offering
9.4.5.3.2 China Formwork System Market Breakdown by Material Used
9.4.5.4 India Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.4.1 India Formwork System Market Breakdown by Offering
9.4.5.4.2 India Formwork System Market Breakdown by Material Used
9.4.5.5 Japan Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.5.1 Japan Formwork System Market Breakdown by Offering
9.4.5.5.2 Japan Formwork System Market Breakdown by Material Used
9.4.5.6 South Korea Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.6.1 South Korea Formwork System Market Breakdown by Offering
9.4.5.6.2 South Korea Formwork System Market Breakdown by Material Used
9.4.5.7 Rest of Asia Pacific Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.7.1 Rest of Asia Pacific Formwork System Market Breakdown by Offering
9.4.5.7.2 Rest of Asia Pacific Formwork System Market Breakdown by Material Used
9.5 Middle East & Africa
9.5.1 Middle East & Africa Formwork System Market Overview
9.5.2 Middle East & Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.3 Middle East & Africa Formwork System Market Breakdown by Offering
9.5.3.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Offering
9.5.4 Middle East & Africa Formwork System Market Breakdown by Material Used
9.5.4.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Material Used
9.5.5 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
9.5.5.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis - By Country
9.5.5.2 South Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.2.1 South Africa Formwork System Market Breakdown by Offering
9.5.5.2.2 South Africa Formwork System Market Breakdown by Material Used
9.5.5.3 Saudi Arabia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.3.1 Saudi Arabia Formwork System Market Breakdown by Offering
9.5.5.3.2 Saudi Arabia Formwork System Market Breakdown by Material Used
9.5.5.4 UAE Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.4.1 UAE Formwork System Market Breakdown by Offering
9.5.5.4.2 UAE Formwork System Market Breakdown by Material Used
9.5.5.5 Rest of MEA Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.5.1 Rest of MEA Formwork System Market Breakdown by Offering
9.5.5.5.2 Rest of MEA Formwork System Market Breakdown by Material Used
9.6 South America
9.6.1 South America Formwork System Market Overview
9.6.2 South America Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.3 South America Formwork System Market Breakdown by Offering
9.6.3.1 South America Formwork System Market Revenue and Forecasts and Analysis - By Offering
9.6.4 South America Formwork System Market Breakdown by Material Used
9.6.4.1 South America Formwork System Market Revenue and Forecasts and Analysis - By Material Used
9.6.5 South America Formwork System Market Revenue and Forecasts and Analysis - By Countries
9.6.5.1 Brazil Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.1.1 Brazil Formwork System Market Breakdown by Offering
9.6.5.1.2 Brazil Formwork System Market Breakdown by Material Used
9.6.5.2 Argentina Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.2.1 Argentina Formwork System Market Breakdown by Offering
9.6.5.2.2 Argentina Formwork System Market Breakdown by Material Used
9.6.5.3 Rest of SAM Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.3.1 Rest of SAM Formwork System Market Breakdown by Offering
9.6.5.3.2 Rest of SAM Formwork System Market Breakdown by Material Used
10. Formwork System Market – Impact of COVID-19 Pandemic
10.1 Pre & Post Covid-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Encofrados Alsina
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Brand Industrial Services Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EFCO Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FORSA SA.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MEVA Schalungs-Systeme GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 MFE Formwork Technology Sdn Bhd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 PASCHAL-Werk G. Maier GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 PERI GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Shandong Xingang Formwork Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Doka GmbH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Formwork System Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Offering
Table 5. Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Material Used
Table 6. North America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 7. North America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 8. North America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 9. US Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 10. US Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 11. Canada Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 12. Canada Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 13. Mexico Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 14. Mexico Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Photovoltaic Systems
Table 15. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 16. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 17. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 18. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 19. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 20. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 21. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 22. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 23. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 24. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 25. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 26. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 27. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 28. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 29. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 30. Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 31. Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 32. Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 33. Australia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 34. Australia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 35. China Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 36. China Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 37. India Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 38. India Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 39. Japan Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 40. Japan Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 41. South Korea Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 42. South Korea Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 43. Rest of Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 44. Rest of Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 45. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 46. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 47. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 48. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 49. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 50. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 51. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 52. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 53. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 54. Rest of MEA Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 55. Rest of MEA Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 56. South America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 57. South America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 58. South America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 59. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 60. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 61. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 62. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 63. Rest of SAM Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 64. Rest of SAM Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 65. Heat Map Analysis by Key Players
Table 66. List of Abbreviation
List of Figures
Figure 1. Formwork System Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Formwork System Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Formwork System Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 7. Formwork System Market Share (%) – Offering, 2022 and 2030
Figure 8. Solutions Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Formwork System Market Share (%) – Material Used, 2022 and 2030
Figure 11. Wood Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Metal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Formwork System Market Breakdown by Region, 2022 and 2030 (%)
Figure 15. North America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 16. North America Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 17. North America Formwork System Market Breakdown by Material Used (2022 and 2030)
Figure 18. North America Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. US Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Canada Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Mexico Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Europe Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 24. Europe Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 25. Europe Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 31. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 33. Asia Pacific Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 34. Asia Pacific Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 35. Asia Pacific Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 36. Australia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 37. China Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 38. India Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 39. Japan Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 40. South Korea Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 41. Rest of Asia Pacific Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 42. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. Middle East & Africa Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 44. Middle East & Africa Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 45. Middle East & Africa Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 46. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 47. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 48. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Rest of MEA Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 50. South America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 51. South America Formwork System Market Breakdown by Offering (2022 and 2030)
Figure 52. South America Formwork System Market Breakdown by Material Used (2022 and 2030)
Figure 53. South America Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 54. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 55. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 56. Rest of SAM Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 57. Company Positioning & Concentration
The List of Companies - Formwork System Market
- Alsina Formwork
- Brand Industrial Services, Inc
- Doka GmbH
- Efco Corp
- Forsa S.A
- Meva Formwork Systems
- MFE Formwork Technology Sdn Bhd
- Paschal International
- PERI
- Shandong Xingang Formwork Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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