Formwork Market, By Material (Timer & Plywood, Steel, Aluminum and others) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025
120 Pages | Published Date : 21 / 02 / 19 | Report Code: AV224 | Report Format: PDF
The formwork market was valued at USD 5.19 billion in 2017, growing with the 1.9% CAGR during the forecast period 2018-2025.
Formwork is a name given to mould in which concrete is kept. It is usually made up of timber, steel, aluminium, plastic and others. It should posses enough strength so that it can tolerate the weight of wet concrete without any distortion. Once the concrete gains enough strength, the formwork is removed or it can be kept as it is in case of permanent solution. In the upcoming years, the increase in expenditure on infrastructure development by government will augment the product demand. Also with the increase in commercial and residential sectors due to new construction and revamp of old sites, the demand for formwork is expected to increase.
Formwork minimizes the time and cost required in the completion of construction work. The global market is anticipated to rise by taking into account the vast use of simple and reusable molds. The necessity to give support to newly constructed buildings is expected to boost the revenue of global market. In addition, augmentation of saturation in urban population will generate demand of residential buildings which in turn will drive the industry growth.
Formwork is known for maintaining the quality of construction work while speeding up the work. However, lack of flexibility and high maintenance cost are some of the restraints of this material, but its excellent strength to support concrete will accelerate the market in near future.
Formwork can be made up of Timber & Plywood, Aluminium, and others. Timber & Plywood are the widely used material in the market. This segment is anticipated to capture 36% of overall global market share by 2025. The plywood material results in superior quality of finished concrete. Large plywood sheets cut the building cost. Moreover, its smooth surface minimizes the expenses of concrete finishing.
On the contrary, aluminium is also gaining popularity because of its light weight and low density. Durability and long life of aluminium makes it economical as it can be reused at various construction sites. And this reuse-ability also makes it eco-friendly. By considering all these facets, the aluminium formwork is projected to experience high demand especially in developed economies.
The Europe formwork market has reached USD 1.89 billion in 2017 and it is anticipated to grow with 1.7% growth rate over the forecast period. Increase in infrastructure development and housing sector investment will augment the regional market. On the other side Asia-Pacific region is expected to rise at a CAGR of 2.9% in the forecast period because of rapid increase in industrial construction in India and China. Many foreign investments specifically from China are happening due to housing construction projects. Hence the housing sector growth will expedite the construction equipment industry which will result in acceleration of product demand.
Key Vendor Takeaway
Companies which are playing a leading role in the industry includes Doka Group; Acrow; ULMA Construction; PASCHAL Group; STRABAG SE; Mascon; Interfama; Faresin; MFE Technology; Wall-Ties & Forms, Inc.; MEVA Systems and others. STRABAG is the leader in formwork market and the company is expected to maintain its dominance in the forecast period owing to its state-of -the-art practices. Most of these companies strive to cater customized services as per the demand of construction industry. The services offered by these key vendors are considered to satisfy the demand of modern infrastructure market.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
- Traders, Distributors, and Suppliers
- Government and Regional Agencies and Research Organizations
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
- Timer & Plywood
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. FORMWORK MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. FORMWORK KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. FORMWORK INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. FORMWORK MARKET LANDSCAPE
5.1. Market Share Analysis
6. FORMWORK MARKET – BY MATERIAL
6.2. Timer & Plywood
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. FORMWORK MARKET– BY GEOGRAPHY
7.2. North America
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
220.127.116.11. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
18.104.22.168. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
22.214.171.124. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
126.96.36.199. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
188.8.131.52. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
184.108.40.206. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
220.127.116.11. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
18.104.22.168. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
22.214.171.124. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
126.96.36.199. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. Doka Group
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. ULMA Construction
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. PASCHAL Group
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. STRABAG SE
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
8.6.1. Company Overview
8.6.2. SWOT Analysis
8.6.3. Key Developments
8.7.1. Company Overview
8.7.2. SWOT Analysis
8.7.3. Key Developments
8.8.1. Company Overview
8.8.2. SWOT Analysis
8.8.3. Key Developments
8.9. MFE Technology
8.9.1. Company Overview
8.9.2. SWOT Analysis
8.9.3. Key Developments
8.10. Wall-Ties & Forms, Inc.
8.10.1. Company Overview
8.10.2. SWOT Analysis
8.10.3. Key Developments
8.11. MEVA Systems
8.11.1. Company Overview
8.11.2. SWOT Analysis
8.11.3. Key Developments
9. 360 DEGREE ANALYSTVIEW
10.1. Research Methodology
10.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Formwork Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Formwork Market, by Material, 2014 – 2025 (USD Billion)
Table 11 Formwork Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Formwork Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Formwork Market, 2014 – 2025 (USD Billion)
Table 14 Canada Formwork Market, 2014 – 2025 (USD Billion)
Table 15 Europe Formwork Market, 2014 – 2025 (USD Billion)
Table 16 France Formwork Market, 2014 – 2025 (USD Billion)
Table 17 Germany Formwork Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Formwork Market, 2014 – 2025 (USD Billion)
Table 19 China Formwork Market, 2014 – 2025 (USD Billion)
Table 20 India Formwork Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Formwork Market, 2014 – 2025 (USD Billion)
Table 22 MEA Formwork Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Formwork Market, by Material, 2014 – 2025 (USD Billion)
Figure 6 Formwork Market, by Geography, 2014 – 2025 (USD Billion)
SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.
KEY BENEFITS OF THE REPORT
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- Official company’s website, financial and annual reporting
- Government statistical data
- Online publishing articles
- Industry player’s investor presentations
- Economic news articles
- National and international trade associations
- The financial, business, and mainstream press
- Industry study groups and semiofficial sources
- Informative channels related to the market topics
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In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.
These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.
Market Forecast :
Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.
For forecasting, the following parameters were considered:
- Market drivers and restraints along with their current and expected impacts
- Technological scenario and expected developments
- Trends in the consumer behaviors
- End-user industry trends
We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.
Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.
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