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Europe Formwork System Market Forecast to 2030
Europe Formwork System Market Forecast to 2030 – Regional Analysis – by Offerings (Solutions and Services) and Material Used (Wood, Metal, and Others)
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Description
Growing Adoption of Modular and Reusable Formwork Systems Fuel Europe Formwork System Market
Modular and reusable formwork systems are cost-effective in the case of long-run construction projects. While the initial investment might be higher than traditional formwork, the ability to reuse the system across multiple projects reduces overall costs. Construction companies can realize substantial savings on formwork expenses over time. Traditional formwork often leads to significant material waste, including timber and plywood. Modular systems are designed for efficiency and minimal material waste, contributing to sustainability goals and cost savings. Modular formwork systems are designed for easy assembly and disassembly. These speeds up construction processes, allowing for shorter project timelines. Contractors can commit to more projects and increase their overall efficiency. Modular formwork systems can be customized and adapted to various project requirements. They are suitable for a wide range of structures, including walls, columns, slabs, and even curved or irregular shapes. This versatility makes them attractive for contractors working on diverse projects. Thus, the growing adoption of modular and reusable formwork systems is driven by their cost efficiency, sustainability, versatility, and safety benefits. These systems offer a practical and environmentally friendly solution for construction projects, making them highly attractive to contractors. Thus, the growing adoption of modular and reusable formwork systems is expected to create lucrative opportunities for the market growth in the coming years.
Europe Formwork System Market Overview
Germany, Russia, France, the UK, and Italy are the major countries in Europe and hold great potential for adopting advanced solutions that boost the productivity of several industrial and urban processes. European countries are concentrated with prominent industries such as automobiles, chemicals, food & beverages, and pharmaceuticals. In addition to the abovementioned countries, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland are the other European countries offering robust contributions to technological advancements in the region, and they are anticipated to propel the growth of the formwork system.
According to Euroconstruct, the European construction industry is expected to experience slow growth in the coming years. Euroconstruct, in one of its reports, published the following growth rate figures for the construction industry in Europe; in 2017, 2018, 2019, and 2020, the industry registered growth rates of 4.2%, 3.1%, 1.9%, and 1.5%, respectively. The drop in the performance of this industry is expected to reduce the demand for various products, solutions, and services, including formwork for building structures. However, with the projected rise in construction activities in Nordic countries, Spain, Portugal, Belgium, and Ireland, among others, the formwork system market is also expected to grow in the coming years.
Europe Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Europe Formwork System Market Segmentation
The Europe formwork system market is segmented based on offerings, material used, and country.
Based on offerings, the Europe formwork system market is bifurcated into solutions and services. The solutions segment held a larger share in 2022.
In terms of material used, the Europe formwork system market is segmented into wood, metal, and others. The wood segment held the largest share in 2022.
Based on country, the Europe formwork system market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany dominated the Europe formwork system market in 2022.
Encofrados Alsina, Brand Industrial Services Inc, EFCO corp, FORSA SA., MEVA GmbH, PASCHAL-Werk G. Maier GmbH, PERI GmbH, and Doka GmbH are some of the leading companies operating in the Europe formwork system market.
Summary Info
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According to the Research Team’ research, the Europe formwork system market was valued at US$ 1,367.70 million in 2022 and is expected to reach US$ 1,963.03 million by 2030, registering a CAGR of 4.6% from 2022 to 2030. Rise in adoption of formwork system rental services and increasing number of infrastructure development projects globally are among the critical factors attributed to the Europe formwork system market expansion.
Rental services offer a flexible and cost-effective solution for construction companies, contractors, and various industries that require temporary access solutions. Renting a formwork system is often more cost-effective than purchasing, as it eliminates the need for a large upfront investment. This appeals to businesses looking to manage expenses while still accessing quality formwork systems. Infrastructure projects often involve complex designs and large-scale structures. Different projects have varying formwork requirements based on their scope, size, and complexity. Rental services provide the flexibility to choose the most suitable formwork system for the specific project’s needs. Rental services allow access to the formwork system only when needed, avoiding the need for long-term storage. The growth of rental services aligns with the changing dynamics of the construction industry, where flexibility, efficiency, and cost savings are increasingly valued. With the expansion of rental offerings becoming more tailored to various project types, the Europe formwork system market formwork system market is growing significantly due to the accessibility and benefits provided by rental services.
On the contrary, storage space constraints hamper the growth of Europe formwork system market.
Based on offerings, the Europe formwork system market is bifurcated into solutions and services. The solutions segment held 77.8% share of the Europe formwork system market in 2022, amassing US$ 1,064.06 million. It is projected to garner US$ 1,543.02 million by 2030 to expand at 4.8% CAGR during 2022-2030.
In terms of material used, the Europe formwork system market is segmented into wood, metal, and others. The wood segment held 43.7% share of the Europe formwork system market in 2022, amassing US$ 598.17 million. It is projected to garner US$ 819.49 million by 2030 to expand at 4.0% CAGR during 2022-2030.
Based on country, the Europe formwork system market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe formwork system market. Germany held 24.4% share of Europe formwork system market in 2022, amassing US$ 333.94 million. It is projected to garner US$ 504.11 million by 2030 to expand at 5.3% CAGR during 2022-2030.
Key players operating in the Europe formwork system market are Encofrados Alsina, Brand Industrial Services Inc, EFCO corp, FORSA SA., MEVA GmbH, PASCHAL-Werk G. Maier GmbH, PERI GmbH, and Doka GmbH, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe formwork system market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Formwork System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Formwork System Suppliers
5. Europe Formwork System Market – Key Industry Dynamics
5.1 Europe Formwork System Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Number of Infrastructure Development Projects Globally
5.2.2 Rise in Adoption of Formwork System Rental Services
5.2.3 Growing Adoption of Metal Formwork
5.3 Market Restraints
5.3.1 Storage Space Constraints
5.4 Market Opportunities
5.4.1 Growing Adoption of Modular and Reusable Formwork Systems
5.4.2 Growth in Construction Sector
5.5 Future Trends
5.5.1 Advent of New Formwork Technologies
5.6 Impact of Drivers and Restraints:
6. Formwork System Market – Europe Market Analysis
6.1 Europe Formwork System Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Formwork System Market Forecast and Analysis
7. Europe Formwork System Market Analysis – Offering
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Formwork System Market Analysis – Material Used
8.1 Wood
8.1.1 Overview
8.1.2 Wood Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Metal
8.2.1 Overview
8.2.2 Metal Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe Formwork System Market – Country Analysis
9.1 Europe Formwork System Market Revenue and Forecasts and Analysis – By Country
9.1.1 Europe Formwork System Market Revenue and Forecasts and Analysis – By Country
9.1.2 France Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1 France Formwork System Market Breakdown by Offering
9.1.2.2 France Formwork System Market Breakdown by Material Used
9.1.3 Germany Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.1 Germany Formwork System Market Breakdown by Offering
9.1.3.2 Germany Formwork System Market Breakdown by Material Used
9.1.4 Italy Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.4.1 Italy Formwork System Market Breakdown by Offering
9.1.4.2 Italy Formwork System Market Breakdown by Material Used
9.1.5 UK Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.5.1 UK Formwork System Market Breakdown by Offering
9.1.5.2 UK Formwork System Market Breakdown by Material Used
9.1.6 Russia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.6.1 Russia Formwork System Market Breakdown by Offering
9.1.6.1.1 Russia Formwork System Market Breakdown by Material Used
9.1.7 Rest of Europe Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.7.1 Rest of Europe Formwork System Market Breakdown by Offering
9.1.7.2 Rest of Europe Formwork System Market Breakdown by Material Used
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Encofrados Alsina
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Brand Industrial Services Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EFCO Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 FORSA SA.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 MEVA Schalungs-Systeme GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 PASCHAL-Werk G. Maier GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 PERI GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Doka GmbH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Europe Formwork System Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Offering
Table 5. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Material Used
Table 6. Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 8. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 9. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 10. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 11. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 12. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 13. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 14. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 15. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 16. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 17. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 18. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Formwork System Market Segmentation, By Country
Figure 2. Ecosystem: Formwork System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 5. Europe Formwork System Market Share (%) – Offering, 2022 and 2030
Figure 6. Solutions Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Europe Formwork System Market Share (%) – Material Used, 2022 and 2030
Figure 9. Wood Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Metal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Europe Formwork System Market, by Key Country – Revenue (2022) (US$ Million)
Figure 13. Europe Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 14. France Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 15. Germany Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 16. Italy Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 17. UK Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. Russia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. Rest of Europe Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Europe Formwork System Market
1. Encofrados Alsina
2. Brand Industrial Services Inc
3. EFCO corp
4. FORSA SA.
5. MEVA GmbH
6. PASCHAL-Werk G. Maier GmbH
7. PERI GmbH
8. Doka GmbH
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