Strategic Forecast for the Formwork And Scaffolding Industry: Market Outlook 2025-2034

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Formwork And Scaffolding Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been robust growth in the formwork and scaffolding market size. The projections are that it will increase from $44.95 billion in 2024 to $47.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. This growth during the preceding years is a result of constant urbanization, increasing interest in multi-storied structures, an upsurge in demand from emerging markets, high labor costs necessitating efficiency, and the progress of many large-scale projects.

How Will the Formwork And Scaffolding Market Size Evolve and Grow by 2029?
The size of the formwork and scaffolding market is predicted to witness impressive expansion in the coming years. The market is forecasted to surge to $59.35 billion in 2029, with a compound annual growth rate (CAGR) of 5.7%. Several factors contributing to this growth during the forecast period include fast-paced urbanization in developing economies, increasing application of building information modeling, the escalating demand for advanced infrastructure in smart cities, the emergence of prefabricated construction, and a rise in renovation and retrofitting projects. Looking ahead, the market is set to encounter key trends such as the progression in modular formwork systems' technology, creation of environmentally-friendly formwork materials, application of digital twin technology, cooperation with robotic construction systems, and innovation in self-repairing formwork coatings.

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What Drivers Are Propelling the Growth of Formwork And Scaffolding Market Forward?
The formwork and scaffolding market is being fueled by the increasing growth of the construction sector. The construction industry, which encompasses the planning, construction, and upkeep of structures such as residential, commercial, industrial, and infrastructure projects, is experiencing an increase in activities due to growth in urbanization. As populations in cities continue to swell, there is an increased demand for residential, commercial, and infrastructure projects. Formwork and scaffolding play a crucial role in boosting the efficiency of this industry, providing sturdy temporary structures necessary for shaping concrete and ensuring the safety of construction workers. They enable projects to advance more swiftly and with greater structural accuracy, boosting productivity and offering convenience on-site. An example of this upward trend was witnessed in April 2025, when construction spending escalated to $2,156,495 million in 2024, marking an increase from $2,023,662 million the previous year, according to data from the United States Census Bureau, a US government agency. Consequently, this continuous upsurge in the construction industry is triggering the growth of the formwork and scaffolding market.

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Which Emerging Trends Are Transforming the Formwork And Scaffolding Market in 2025?
Prominent firms in the formwork and scaffolding sector are prioritizing the creation of innovative products such as translucent modular enclosure systems to improve safety, weather guard, and energy consumption at building sites. The translucent modular enclosure systems are lightweight, pre-assembled panels designed to let natural sunlight in while ensuring weatherproofing and securement for scaffolding constructions. Take for example, PERI GmbH, a construction firm based in Germany, introduced the UK Peri Up Scaffold Cladding System in April 2024. This revolutionary system incorporates lightweight, translucent boards equipped with integrated handrails and adaptable components for straightforward, ergonomic usage at building locations. The system promotes swift and secure set-up directly onto current scaffolding from a secure interior position, significantly boosting safety for labourers at any elevation. Moreover, this system provides sufficient shield against weather conditions, noise, and falling wreckage, as well as enhancing overall site security by eliminating the possibility of external panel removal.

What Are the Key Segments in the Formwork And Scaffolding Market?
The formwork and scaffolding market covered in this report is segmented -

1) By Product Type: Formwork, Scaffolding
2) By Material Type: Wood, Metal, Plastic, Others Materials
3) By Application: Buildings And Construction, Shipbuilding, Electrical Maintenance, Others Applications
4) By End-Use: Infrastructure, Residential, Commercial, Industrial

Subsegments:
1) By Formwork: Timber Formwork, Steel Formwork, Aluminum Formwork, Plastic Formwork, Permanent Formwork Systems
2) By Scaffolding: Tube And Coupler Scaffolding, Frame Scaffolding, System Scaffolding, Suspended Scaffolding, Mobile Scaffolding

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Who Are the Key Players Shaping the Formwork And Scaffolding Market's Competitive Landscape?
Major Companies operating in the formwork and scaffolding market are Brand Industrial Services Inc., Hünnebeck GmbH, Altrad Investment Authority SAS, Doka GmbH, Wilhelm Layher GmbH And Co KG, PERI GmbH, Waco Kwikform Group Pty Limited, RMD Kwikform Group Ltd, ADTO Industrial Group Co. Ltd., Acrow Formwork and Scaffolding Pty Ltd., ULMA Construction S. Coop., KHK Scaffolding And Formwork LLC, MEVA Schalungs-Systeme GmbH, Rapid Scaffolding (Engineering) Co. Ltd, Condor S.p.A, K.U.S Formwork And Scaffolding Pte Ltd, Qingdao Scaffolding Import And Export Co. Ltd., Scafom-Rux Holding B.V., BSL Scaffolding Ltd., Dutco Construction Company LLC

What Geographic Markets Are Powering Growth in the Formwork And Scaffolding Market?
Asia-Pacific was the largest region in the formwork and scaffolding market in 2024. The regions covered in the formwork and scaffolding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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