Formwork Equipment Market Size 2024 to 2031.

Market Overview and Report Coverage

Formwork equipment refers to the temporary molds or structures used in construction to support freshly poured concrete until it sets. These tools are essential in creating a variety of concrete structures, such as foundations, walls, and columns, in a precise and efficient manner.
The Formwork Equipment Market is expected to experience significant growth in the coming years. With a projected Compound Annual Growth Rate (CAGR) of 7.70% during the forecasted period, factors such as increasing investment in infrastructure development, rapid urbanization, and growing construction activities worldwide are driving the demand for formwork equipment. Additionally, advancements in technology, such as the development of lightweight and durable formwork materials, are also contributing to the market growth.
Furthermore, the adoption of sustainable construction practices and the emphasis on reducing construction time and labor costs are further propelling the demand for formwork equipment. As the construction industry continues to expand globally, particularly in emerging markets, the Formwork Equipment Market is poised for continued growth and innovation in the coming years.

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Market Segmentation
The Formwork Equipment Market Analysis by types is segmented into:
• Engineered Formwork
• Traditional Timber
• Re-usable Plastic
• Others

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Formwork equipment market types include Engineered Formwork, Traditional Timber, Re-usable Plastic, and Others. Engineered Formwork refers to custom-designed formwork systems for specific projects. Traditional Timber involves the use of wood for formwork construction. Re-usable Plastic formwork is made of durable plastic materials that can be used multiple times. Other types of formwork equipment may include metal formwork or composite materials. Each type offers unique advantages and can be chosen based on the requirements of the construction project.

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The Formwork Equipment Market Industry Research by Application is segmented into:
• Construction
• Transportation
• Industrial facilities
• Others

Formwork equipment is widely used in the construction industry for providing temporary molds or structures into which concrete can be poured and shaped. In transportation, formwork equipment is utilized for constructing bridges, tunnels, and other infrastructure projects. Industrial facilities use formwork equipment for creating large-scale structures like tanks, silos, and warehouses. Other applications of formwork equipment include building residential homes, commercial buildings, and various civil engineering projects. Overall, formwork equipment plays a critical role in various sectors for efficient and precise construction work.

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In terms of Region, the Formwork Equipment Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Formwork Equipment market?
Some emerging trends in the global formwork equipment market include the increasing use of eco-friendly and sustainable formwork materials, the adoption of advanced technologies such as Building Information Modeling (BIM) and prefabrication, and the growing demand for rental formwork services. Additionally, there is a rising focus on safety and efficiency in formwork operations, leading to the development of new safety features and automation capabilities in formwork equipment. The market is also witnessing a shift towards lightweight and modular formwork systems that offer cost savings and ease of use for construction projects of all sizes.

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Major Market Players
PERI Group is a leading formwork equipment company that has been in existence since 1969. It offers a wide range of formwork solutions for the construction industry, including wall formwork, slab formwork, climbing systems, and scaffolding. The company has a strong global presence, with operations in over 60 countries and more than 8,000 employees worldwide.
PERI has shown steady market growth over the years, with a focus on innovation and technological advancements in its products. The company has a strong reputation for quality and reliability, which has helped it secure a significant market share in the formwork equipment industry. In 2020, PERI reported sales revenue of over 1.4 billion euros, further solidifying its position as a key player in the market.
Doka, another major player in the formwork equipment market, was founded in 1868 and has since established itself as a trusted provider of formwork solutions. The company offers a wide range of products, including wall formwork, climbing systems, and safety systems, catering to the needs of construction projects of all sizes.
Doka has experienced significant market growth over the years, expanding its operations to over 70 countries and employing more than 6,000 people globally. In 2020, Doka reported sales revenue of over 1.2 billion euros, demonstrating its strong market position and continued success in the industry. The company's commitment to innovation and sustainability has helped it maintain its competitive edge and drive further growth in the formwork equipment market.

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