Market Trend Analysis: The Impact of Recent Innovations on the Concrete Formwork Market

The concrete formwork market is positioned for significant expansion in the coming years as advancements in materials and construction technologies reshape the industry. Growing innovations and sustainability trends are creating new opportunities that will drive demand, making this a pivotal time for stakeholders in the sector. Here's a closer examination of the market's size, key players, trends, and segmentation to provide a clear picture of its current and future landscape.

Expected Market Size and Growth Trajectory of the Concrete Formwork Market
The concrete formwork industry is predicted to experience robust growth, reaching a market value of $10.08 billion by 2030. This reflects a compound annual growth rate (CAGR) of 5.2% during the forecast period. Several factors contribute to this upward trend, including a rising preference for lightweight composite formwork, greater adoption of digital design technologies, increased use of sustainable formwork materials, advances in automated construction processes, and the ongoing development of sophisticated stay-in-place formwork systems. Noteworthy trends shaping the market include the integration of AI-driven formwork design and planning tools, expansion of automated formwork fabrication, growth in sustainable and reusable materials, implementation of smart sensor-enabled monitoring systems, and the rising use of digital project management and simulation platforms.

Download a free sample of the concrete formwork market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=26760&type=smp

Key Players Leading the Innovation in the Concrete Formwork Market
The concrete formwork space is home to several influential companies driving innovation and growth. These include PERI Group, Kumkang Kind Co. Ltd., Knest Aluform, Aluma Systems, ULMA Group, MEVA Formwork Systems, Form Tech, Condor S.p.A., Winntus Formwork Pvt. Ltd, MFE Formwork Technology Sdn Bhd, Constro Systems, German Formwork Technology GmbH, GETO AG, PASCHAL group, TMS Formwork And Scaffolding Systems Pvt. Ltd., Acrow Formwork Technology, Farina Formworks, Finomax Scaffolding I Pvt. Ltd., Anshteich Formwork Systems Pvt Ltd, and Mayra Aluminium Formwork.

A significant development occurred in May 2025, when Superior Concrete Products, a US-based manufacturer specializing in decorative precast concrete wall and fencing systems, acquired Advanced Forming Technologies (AFTEC). This move, backed by MAG Capital Partners, is aimed at expanding Superior Concrete Products' product range and geographic reach to meet increasing demand from sectors such as data centers, infrastructure, and new construction projects. AFTEC is known for designing and manufacturing precast concrete wall-forming systems in the US.

View the full concrete formwork market report:
https://www.thebusinessresearchcompany.com/report/concrete-formwork-global-market-report

Innovative Trends Shaping the Future of Concrete Formwork
Companies within the concrete formwork market are prioritizing the creation of cutting-edge solutions designed to improve construction speed, accuracy, and cost-efficiency. One such innovation is the imperial formwork system, a modular and reusable design that simplifies concrete construction tasks while delivering high strength and precision for walls, slabs, and columns.

For example, in January 2025, PERI Formwork Systems Inc., a German provider of formwork and scaffolding products, introduced the SKYFLEX system. This system features an imperial 8'x8' grid beam setup aimed at boosting jobsite efficiency, safety, and speed. Its larger bay sizes reduce the need for props, thereby increasing deck productivity. The SKYFLEX system also includes a patented six-way drophead which supports earlier striking and safer operations, allowing workers to perform tasks from within the slab interior and mainly from the ground level, especially near cantilevered edges. Additionally, PERI unveiled LEVO, its first fully imperial lightweight wall formwork system tailored for the U.S. market. LEVO consists of a 9'x3' panel weighing only 6.6 lbs per square foot, making it easy to handle, transport, and assemble vertically while maintaining strength and durability.

Detailed Segmentation of the Concrete Formwork Market
This report breaks down the concrete formwork market into several essential segments:

1) By Type:
- Traditional Timber Formwork
- Engineered Formwork Systems
- Reusable Plastic Formwork
- Stay In Place Formwork
- Permanent Insulated Formwork
- Other Types

2) By Material:
- Wood
- Steel
- Aluminum
- Plastic
- Other Materials

3) By Accessories and Components:
- Formwork Ties
- Support Systems
- Bracing
- Formwork Accessories
- Waterproofing Systems

4) By Application:
- Buildings
- Transportation
- Industrial Facilities
- Other Applications

5) By End Use:
- Residential
- Non-Residential

Further subcategories include:
- Under Traditional Timber Formwork: plywood formwork, lumber formwork, sheathing panels, timber beams, framing systems.
- For Engineered Formwork Systems: steel formwork, aluminum formwork, modular systems, tunnel formwork, crane-handled formwork.
- Among Reusable Plastic Formwork: modular interlocking panels, polypropylene panels, plastic composites, lightweight plastic panels.
- Stay In Place Formwork includes fiber reinforced polymer (FRP) forms, corrugated steel forms, precast concrete forms, and polyvinyl chloride (PVC) forms.
- Permanent Insulated Formwork covers expanded polystyrene (EPS), extruded polystyrene (XPS), polyurethane foam forms, and cement-bonded wood fiber forms.
- Other types feature fabric formwork, 3D printed formwork, hybrid composite formwork, and cardboard formwork.

This comprehensive segmentation provides a clear understanding of the diverse product offerings and application areas within the concrete formwork market.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.