India Aluminum Formwork System Market Size and Forecasts (2019 – 2028)

India Aluminum Formwork System Market Size and Forecasts (2019 – 2028), Regional Share, Trends, and Growth Opportunity Analysis By Offering (Solution and Services); Type (Slab Formwork, Wall Formwork, Corner Formwork, Beam Formwork and Others); and Application (Industrial, Commercial and Residential)

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The India aluminium formwork system market was valued at US$ 538.5 million in 2022 and is projected to reach US$ 733.9 million by 2028; it is expected to grow at a CAGR of 5.3% during 2022–2028.

Rising government investments in developing residential projects and various programs to make housing affordable drive the aluminium formwork system market in India. For instance, the Ministry of Housing & Urban Affairs (MoHUA) launched the Affordable Rental Housing Complexes (ARHCs) scheme in 2020 for urban migrants. All such initiatives are driving the aluminium formwork system market share.

In 2015, the Indian government launched the Pradhan Mantri Awas Yojana to boost the affordability of houses which was active till March, 2022. In addition, due to favorable Foreign Direct Investment policies, the investments in construction projects increased, ultimately expanding the residential construction sector. Thus, the favorable government policies are driving the aluminium formwork system market growth.

As per the data published by the government, the construction sector attracted US$ 51.5 billion in Foreign Direct Investment (FDI) from 2020 to 2021. The aluminum formwork has played a significant role in residential construction in India by reducing the cost and time taken for completion. As per the government officials, the aluminum formwork was extensively used to complete the Pradhan Mantri Awas Yojana scheme initiated by the government. This has led to increased awareness and adoption of the product. Thus, with increased housing demand, government programs, and the need for an efficient construction process, the adoption of aluminum formwork increased, ultimately driving the aluminium formwork system market.

Increasing environmental awareness has led many developed and developing countries to adopt sustainable practices in almost every sector. India has launched numerous programs to increase awareness and adoption of sustainable practices. Due to the continuous growth in the industrial and construction sector, the nation’s carbon emissions are rising. As per the Center on Global Energy Policy data in 2022, India’s carbon emissions in 2021 was 2.7 billion metric ton from 2.38 billion metric ton in 2016. In addition, India was ranked third in the world regarding carbon emissions in 2022. Thus, rising environmental concerns are bolstering aluminium formwork system market share.

The construction industry in India is projected to surpass US$ 1.4 trillion by 2025, as per the data provided by the government. Growth in the construction sector is expected to increase carbon emissions notably. Thus, the Indian government has taken numerous initiatives such as responsible disposal of Construction and Demolition (C&D) waste material, Green Rating for Integrated Habitat Assessment (GRIHA), and Leadership in Energy and Environmental Design (LEED) certification to promote sustainable construction in recent years. As a result, the demand for sustainable construction materials is increasing, thus, positively, affecting the growth of the aluminium formwork system market. Aluminum formwork is a green alternative as it is 100% recyclable. This means that using aluminum formwork instead of using non-renewable resources such as timber in construction projects helps to lower the carbon footprint. Moreover, using recycled aluminum for formwork can help minimize expenses and environmental impact, thus driving the aluminium formwork system market growth.

Cosmos Construction Machineries and Equipments Pvt Ltd, Ihita Engineering Services Pvt Ltd, Knest Manufacturers LLP, Sammok S-Form Co Ltd, Technocraft Industries (India) Ltd, Nova Formworks Pvt Ltd, MFE Formwork Technology Sdn Bhd, Winntus Formwork Pvt Ltd, Rudra Aluminium Pvt Ltd, Vaba Aluminium, and PERI India Pvt Ltd are among the key India aluminium formwork system market players profiled during the market study. In addition, several other important India aluminium formwork system market players operating in the ecosystem were studied and analyzed during this market research study to get a holistic overview of the market.

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Rising Infrastructure Development Projects with Growing Investment in the Residential Projects is Boosting the India Aluminum Formwork System Market Growth

According to our latest market study on ” India Aluminum Formwork System Market Forecast to 2030 –Global Analysis – by Offering, Type, and Application” the market is expected to grow from US$ 538.5 million in 2022 to US$ 733.9 million by 2028; it is anticipated to grow at a CAGR of 5.3% from 2022 to 2028

A high-rise is defined as any construction taller than 75 feet in real estate terms, and often known as a multistory building, is one that is tall enough to necessitate the use of a mechanical vertical transportation system, such as elevators. This encompasses a narrow variety of building uses, principally residential apartments, hotels, and office buildings, but also retail and educational facilities occasionally. High-rise buildings are among the tallest structures produced, with relatively high unit costs.

Many Indian metropolitan cities have emerged as a hub for the construction of high-rise buildings, with Mumbai leading the pack. Mumbai has the highest number of high-rise structures in India, with almost 200 skyscrapers and 12,000 high-rise buildings. It is also recognized the seventh most high-rises in the world, as well as the most high-rises under development. As per the report published by the Commercial Real Estate Services Group in 2023, Mumbai has nearly 100 tall buildings that are 150 meters or above in height. In 2023, Shapoorji Pallonji Group, a construction company, completed the construction of India’s tallest and most ultra-luxurious skyscraper in Mumbai. The building is over 300-metre tall and has 91 floors. Such investments by the real estate players and continuous growth in the construction industry are expected to generate lucrative opportunities for the India aluminum formwork system market growth.

Project owners and investors are required to execute such projects ahead of schedule or on time in order to gain revenue. The modernization occurring in these projects are critical to achieving speed, increasing production, and utilizing economies of scale in lowering unit costs to satisfy expanding demand. The completion of fast-track projects is one of the primary issues that the formwork segment faces. Significant savings and a faster return on investment can only be achieved when modular formworks are used. As a result, the demand for these modular formworks is increasing for the construction of high-rise buildings. In addition, many global aluminum formwork system market players are entering the Indian market and launching innovative products to strengthen the supply for growing requirements, which is bolstering the aluminum formwork system market share.

Another recent trend in high-rise construction is the increased use of self-climbing systems. Self-climbing formwork systems are commonly employed for high-rise residential apartments in Indian metropolises such as Delhi, Mumbai, Kolkata, and Chennai. Many real estate developers are using aluminum formworks in these systems to reduce time and cost. This combination has now become more profitable than pre-assembled platforms and reduces crane dependency. Thus, owing to increasing high-rise construction activities, the demand for advanced and modular formwork is rising, ultimately driving the India aluminum formwork system market share in India.

Cosmos Construction Machineries and Equipments Pvt Ltd, Ihita Engineering Services Pvt Ltd, Knest Manufacturers LLP, Sammok S-Form Co Ltd, Technocraft Industries (India) Ltd India aluminum formwork system market, Nova Formworks Pvt Ltd, MFE Formwork Technology Sdn Bhd, Winntus Formwork Pvt Ltd, Rudra Aluminium Pvt Ltd, Vaba Aluminium, and PERI India Pvt are among the key players profiled during this study on the India aluminum formwork system market. In addition, several other important aluminum formwork system market players were studied and analyzed during this study to get a holistic view of the India aluminum formwork system market and its ecosystem.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Autonomous Mobile Robots Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Middle East & Africa
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Autonomous Mobile Robots Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Proliferation of E-Commerce Industry
5.1.2 Growing Demand for Automated Systems
5.2 Market Restraints
5.2.1 High Cost of Autonomous Mobile Robots
5.3 Market Opportunities
5.3.1 Introduction of Advanced and Smart AMR
5.4 Future Trends
5.4.1 Industry-Specific Applications
5.5 Impact Analysis of Drivers and Restraints
6. Autonomous Mobile Robots Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Autonomous Mobile Robots Market Overview
6.2 Middle East & Africa Autonomous Mobile Robots Market Forecast and Analysis
7. Middle East & Africa Autonomous Mobile Robots Market Analysis – by Component
7.1 Overview
7.2 Autonomous Mobile Robots Market Breakdown, By Component, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware Autonomous Mobile Robots Market Forecast and Analysis
7.4 Software & Services
7.4.1 Overview
7.4.2 Software & Services Autonomous Mobile Robots Market Forecast and Analysis
8. Middle East & Africa Autonomous Mobile Robots Market Analysis – By Type
8.1 Overview
8.2 Autonomous Mobile Robots Market Breakdown, by Type, 2022 and 2030
8.3 Picking Robots
8.3.1 Overview
8.3.2 Picking Robots Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
8.4 Self-Driving Forklifts
8.4.1 Overview
8.4.2 Self-Driving Forklifts Market Revenue and Forecast to 2030 (US$ Million)
8.5 Autonomous Inventory Robots
8.5.1 Overview
8.5.2 Autonomous Inventory Robots Market Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Autonomous Mobile Robots Market Analysis– End Use
9.1 Overview
9.2 Autonomous Mobile Robots Market Breakdown, by End Use, 2022 and 2030
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing Autonomous Mobile Robots Market Forecast and Analysis
9.3.3 Automotive
9.3.3.1 Overview
9.3.3.2 Autonomous Mobile Robots Market, by Automotive – Forecast and Analysis
9.3.4 Aerospace
9.3.4.1 Overview
9.3.4.2 Autonomous Mobile Robots Market, by Aerospace – Forecast and Analysis
9.3.5 Electronics
9.3.5.1 Overview
9.3.5.2 Autonomous Mobile Robots Market, by Electronics – Forecast and Analysis
9.3.6 Chemicals
9.3.6.1 Overview
9.3.6.2 Autonomous Mobile Robots Market, by Chemicals – Forecast and Analysis
9.3.7 Others
9.3.7.1 Overview
9.3.7.2 Autonomous Mobile Robots Market, by Others – Forecast and Analysis
9.4 Distribution and Warehousing
9.4.1 Overview
9.4.2 Distribution and Warehousing Market Forecast and Analysis
10. Middle East & Africa Autonomous Mobile Robots Market – Country Analysis
10.1 Middle East & Africa: Autonomous Mobile Robots Market
10.1.1 Middle East & Africa: Autonomous Mobile Robots Market, by Key Country
10.1.1.1 South Africa: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.1.1 South Africa: Autonomous Mobile Robots Market, by Component
10.1.1.1.2 South Africa: Autonomous Mobile Robots Market, by Type
10.1.1.1.3 South Africa: Autonomous Mobile Robots Market, by End Use
10.1.1.1.3.1 South Africa: Autonomous Mobile Robots Market, by Manufacturing
10.1.1.2 Saudi Arabia: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.2.1 Saudi Arabia: Autonomous Mobile Robots Market, by Component
10.1.1.2.2 Saudi Arabia: Autonomous Mobile Robots Market, by Type
10.1.1.2.3 Saudi Arabia: Autonomous Mobile Robots Market, by End Use
10.1.1.2.3.1 Saudi Arabia: Autonomous Mobile Robots Market, by Manufacturing
10.1.1.3 UAE: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.3.1 UAE: Autonomous Mobile Robots Market, by Component
10.1.1.3.2 UAE: Autonomous Mobile Robots Market, by Type
10.1.1.3.3 UAE: Autonomous Mobile Robots Market, by End Use
10.1.1.3.3.1 UAE: Autonomous Mobile Robots Market, by Manufacturing
10.1.1.4 Rest of MEA: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.4.1 Rest of Middle East & Africa: Autonomous Mobile Robots Market, by Component
10.1.1.4.2 Rest of Middle East & Africa: Autonomous Mobile Robots Market, by Type
10.1.1.4.3 Rest of Middle East & Africa: Autonomous Mobile Robots Market, by End Use
10.1.1.4.3.1 Rest of Middle East & Africa: Autonomous Mobile Robots Market, by Manufacturing
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 OMRON Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Milvus Robotics
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Geekplus Technology Co Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ABB Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Teradyne Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index

LIST OF TABLES

Table 1. Aluminium Formwork System Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. India Aluminium Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Global Aluminium Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 5. Aluminium Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Offering
Table 6. Aluminium Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 7. Aluminium Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – End-user
Table 8. Heat Map Analysis by Key Players
Table 9. List of Abbreviation

LIST OF FIGURES

Figure 1. Aluminium Formwork System Market Segmentation
Figure 2. PEST Analysis
Figure 3. Ecosystem: Aluminium Formwork System Market
Figure 4. Expert Opinions
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Aluminium Formwork System Market Breakdown by Geography, 2022 and 2030 (%)
Figure 7. Aluminium Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 8. Global Aluminium Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 9. India Aluminium Formwork System Market Share (%) – Offering, 2022 and 2030
Figure 10. Solutions Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. India Aluminium Formwork System Market Share (%) – Type, 2022 and 2030
Figure 13. Slab Formwork: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Wall: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Corner Formwork: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Beam Formwork: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others Formwork: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. India Aluminium Formwork System Market Share (%) – Application, 2022 and 2030
Figure 19. Industrial: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Industrial: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Commercial: Aluminium Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Company Positioning & Concentration
Figure 23. Key Company’s Positioning & Its Share (%)

The List of Companies – India Aluminum Formwork System Market
– MFE Formwork Technology Sdn Bhd
– Technocraft Industries (India) Ltd
– PERI India Pvt Ltd
– Sammok S-Form Co Ltd
– Knest Manufacturers LLP
– Rudra Aluminum Formwork System India
– Winntus Formwork Pvt Ltd
– Nova Formworks Pvt Ltd
– Ihita Formworks
– Cosmos Construction Machineries And Equipments Pvt Ltd
– Vaba Aluminium

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