The formwork system market size is projected to reach US$ 9,097.25 million by 2031 from US$ 6,051.34 million in 2023. The market is expected to register a CAGR of 5.2% during 2023–2031. The increasing development in the construction sector and the rising number of infrastructure projects in developing nations are likely to remain a key trend in the market.
Urban growth is projected to take place in slums and other informally built parts of the states and countries in the coming years. With the swift growth of the urban population, along with city inhabitants, the government is putting additional emphasis on constructing new residential and commercial buildings. The major end-users of the formwork system market include the industrial, commercial, and residential sectors.
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Top Key Major Players:-
- Alsina Formwork
- Brand Industrial Services, Inc
- Doka GmbH
- Efco Corp
- Forsa S.A
- Meva Formwork Systems
- MFE Formwork Technology Sdn Bhd
- Paschal International
- PERI
- Shandong Xingang Formwork Co., Ltd.