Market Size of Global Wooden Formwork Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | North America |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Wooden Formwork Systems Market Analysis
The global market for wooden formwork systems is expected to register a CAGR of greater than 5% during the forecast period.
- The COVID-19 outbreak caused a lot of problems in real estate and building construction, especially with the hardware used in formwork systems.The lockdowns that were put in place to stop the spread of the virus slowed down the construction supply chain.This hurt the market for wooden formwork systems, which led to less demand and less money for companies in the market.
- Most of this growth is due to more money being put into infrastructure projects and more construction projects being started.Formwork systems made of wood are used to control the shape and size of buildings as they are being built or rebuilt.These systems are composed of a number of different parts, including forms, clamps, joints, and supports. Most wooden formwork systems are made of wood because it is strong enough to stand up to the forces that are put on it during construction but also flexible enough to fit the shapes of buildings.Wooden formwork is more in use because plywood and wood shutters are cheaper and more accessible.
- Wooden formwork systems, also called scaffolds or catwalks, are made from wooden boards and timbers to make temporary or permanent walkways or scaffolds. The formwork can be used to protect workers from the sky and help them get up safely on a surface that needs to be built, like repointing the bricks in a building's wall or covering pipes while doing utility work, etc.
- China fir is the most popular type of slide on the market because it stays the same size and doesn't let water in. But the market for slides made of wood is growing faster because there is more demand from the building industry. The market for pine wood slide types is expected to grow at a slower pace as compared to other slide types due to a lack of awareness among buyers about its advantages. In terms of geography, North America leads the slide-type market, then Europe. Asia Pacific is expected to witness the fastest growth rate in the next few years owing to increased demand from countries such as India and China.
Wooden Formwork Systems Industry Segmentation
The wooden formwork is a temporary mold used in concrete constructions. It is the base structure used to develop the final framework of a building, which helps maintain shape and stability. The global market for wooden formwork systems is segmented by slide type (China fir, timber, pine wood, and ply wood), by application (buildings, transportation, and industrial facilities), and by geography (North America, Europe, Asia-Pacific, the Middle East, Africa, and the Rest of the World). The report offers market size and forecasts for the Global Wooden Formwork Systems Market in value (USD billion) for all the above segments.
By Slide Type | |
China Fir | |
Timber | |
Pine Wood | |
Plywood |
By Application | |
Buildings | |
Transportation | |
Industrial Facilities |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Middle-East and Africa | |
Rest of the World |
Global Wooden Formwork Systems Market Size Summary
The global wooden formwork systems market is poised for significant growth, driven by increased investments in infrastructure and construction projects worldwide. These systems, essential for shaping and supporting structures during the building process, are favored for their strength and flexibility, making them a cost-effective choice compared to alternatives like steel. The market's expansion is supported by the rising demand for affordable housing and infrastructure development in emerging economies, particularly in Asia Pacific, where countries like India and China are witnessing rapid urbanization and construction activities. Despite the challenges posed by the COVID-19 pandemic, which disrupted supply chains and reduced demand temporarily, the market is recovering as construction activities resume and expand globally.
The competitive landscape of the wooden formwork systems market is characterized by a fragmented and dynamic environment, with numerous players vying for market share. Established companies such as Doka, PERI, and ULMA dominate the market, offering a wide range of products to maintain their competitive edge. These companies are also expanding their offerings through strategic acquisitions and innovations, such as Doka's acquisition of AT-PAC and PERI's introduction of the VARIOKIT Pier System. While the environmental impact of timber use, including deforestation and carbon emissions, poses challenges, the affordability and accessibility of wooden formwork continue to drive its adoption in the construction industry. As new entrants and startups introduce innovative solutions, the market remains highly competitive, with both demand and supply on the rise.
Global Wooden Formwork Systems Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Value Chain / Supply Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Buyers/Consumers
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1.6.2 Bargaining Power of Suppliers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Government Policies and Regulations
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1.8 Technological Developments in the Sector
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Slide Type
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2.1.1 China Fir
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2.1.2 Timber
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2.1.3 Pine Wood
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2.1.4 Plywood
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2.2 By Application
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2.2.1 Buildings
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2.2.2 Transportation
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2.2.3 Industrial Facilities
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.5 Rest of the World
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Global Wooden Formwork Systems Market Size FAQs
What is the current Global Wooden Formwork Systems Market size?
The Global Wooden Formwork Systems Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Global Wooden Formwork Systems Market?
Doka, PERI, ULMA, ACROW and The Heico Companies LLC are the major companies operating in the Global Wooden Formwork Systems Market.