Global Wooden Formwork Market

Wooden Formwork Market Insights

Improved construction activity and process along with the rising preference for environment-friendly manufacturing processes as compared to traditional methods will drive the wooden formwork market growth in residential and commercial sectors. The overall formwork industry is expected to surpass USD 6 Billion in revenue by 2026.

Wooden formwork is proved to be a better substitute in the construction sector. Increasing inclination towards energy-efficient solutions which require fewer resources and deliver more productivity has positively swayed the product demand in the building sector. 

These materials are lightweight and easy to handle during construction which results in high turnaround time and improving the overall competence. Higher tensile strength, stability, and longevity as compared to the non-timber structures will stimulate the wooden formwork market growth. Steel and metal are two conservative substitutes available in the industry. However, due to their limited efficiency during the concrete pouring process, the engineers prefer to use timber structures for the formation of walls, floors, and pavements.

Construction of villa and independent housing are among the key potential end-use in the wooden formwork industry. Meeting the structural purpose such as ease in building, handling, and de-constructing if required makes the product highly suitable for the housing sector. Consistent quality output due to standardized and pre-made molds which are reusable along with less time-consuming in the building will uplift the industry growth. However, the high initial cost associated with the formation of the structure may restrain the market growth.

Wooden Formwork Market: By Type

China fir, pine wood, and plywood are key identified types in the wooden formwork market. Pine is expected to lead the market share in the type segment. It is a coniferous timber that is easily available and has high acceptance in making structures and frames. Cost-effectiveness, high strength along with easy availability are major key success factors to drive the pine wood structure demand.

Plywood formwork will witness the highest gains during the forecast period. Benefits and meeting requirements such as well seasoned, lightweightness, fewer chances of splitting nails, and absence of loose knots will result in high demand. The other key advantage associated with these structures is their improved energy consumption. Less amount of energy is required to put concrete in a structure which may result in high efficiency. Thus, the adoption of wooden formwork in buildings and industrial facilities is used to attain maximum productivity. 

Wooden Formwork Market Market: By Application

Under the application segment, the industry is segmented into buildings, transportation, and industrial facilities. Wooden Formwork Market is gaining popularity in these applications due to its high suitability and appropriateness to deliver the final result in an expected manner. The buildings will dominate the application segment during the forecast period. Residential and non-residential construction is an ever-growing phenomenon. The increasing need to accommodate a large population and preference for nuclear families has influenced the demand for more housing. Also, in the commercial sector, the building of hotels and resorts in the countryside will promote industry expansion. These structures are highly efficient in the making of villas and independent housing owing to their optimum flexibility and light weight.

Industrial facilities will witness notable growth in the coming years. Increased industrialization due to rapid changes in the trade sector along with high investment in industrial infrastructure to meet regulatory guidelines will propel the demand.

Wooden Formwork Market: By Region

Asia Pacific Wooden Formwork Market will lead the regional demand during the forecast period. Increased construction spending owing to new building structures and refurbishment of old ones will stimulate regional industry growth. Easy construction, de-construction, and handling due to its light weight are key success factors to drive the demand. Moreover, cost-effectiveness, as compared to other traditional methods, has instigated product penetration in China, India, and Japan.

European Wooden Formwork demand is influenced by the rising need to reconstruct the old buildings and expansion in industrial facilities. Changing construction dynamics and more preference for lightweight and flexible independent houses in the countryside will support product adoption. Germany, UK, France, Netherlands, and Italy are projected to be the major contributors in terms of revenue generation. North America, led by the U.S. will foresee significant gains in the coming years due to increasing demand from the transportation and building sector.

Wooden Formwork Market Share and Competitor Analysis

The global industry share is highly competitive due to rapid market development and dynamic key strategies adoption such as new product launches, collaboration, and acquisitions. Doka, PERI, ULMA, Intek, Acrow, Hankon, Waco International, Alsina Group, EFCO Corp., and FORSA S.A  are among the key identified industry players.

Other notable industry participants include MEVA Systems Inc., MFE Technology Sdn Bhd, Sveza Holdings Ltd., TEMEC, The Heico Companies LLC, Outinord, Urtim, Lahyer, Mesa Impala, and Zulin.

Please note: This is not an exhaustive list of companies profiled in the report.