Global Formwork Industry Analysis 2024-2030: Technological Advancements and Green Building Practices Propel Market Growth

Formwork Market Size

The global Formwork revenue was US$ 8055.7 million in 2022 and is forecast to a readjusted size of US$ 8704.9 million by 2029 with a CAGR of 1.1% during the forecast period (2023-2029).

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The leading players mainly are PERI, Doka, BEIS, ULMA and Alsina. PERI is the largest manufacturer, its revenue of global market exceeds 15%. The next is Doka and BEIS.

There are mainly four type products of formwork: timber formwork, steel formwork, aluminum formwork and other. Timber formwork accounts the largest proportion.

Geographically, the global formwork market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and RoW. The China held the largest share in the global formwork sales market, its revenue of global market exceeds 29%. The next is Europe and North America.

This report focuses on global and India Formwork market, also covers the segmentation data of other regions in regional level and county level.

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India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Formwork will continue to grow rapidly in the future.

By Type
• Timber Formwork
• Steel Formwork
• Aluminum Formwork

By Application
• Buildings
• Transportation
• Industrial Facilities

Key Companies
PERI, Doka, BEIS, ULMA, Alsina, Acrow, Acrowmisr, PASCHAL, NOE, RMD Kwikform, Intek, Condor, Waco International, GCS, MFE, Zulin, Pilosio, MEVA, Mesa Impala, Faresin, Urtim, Taihang, Wall-Ties & Forms, Alpi SEA, Outinord, Xingang Group, Jinsenyuan, TMS, Holdings, Farina

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This release was published on openPR.