Middle East & Africa Formwork System Market Forecast to 2030
Middle East & Africa 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
Increasing Number of Infrastructure Development Projects Fuels Middle East & Africa Formwork System Market
Infrastructure development projects encompass a wide range of construction activities, including the construction of roads, bridges, tunnels, dams, and airports, among others. These projects require various types of formwork systems to shape and support concrete structures. As infrastructure development surges, the demand for formwork systems rises. Infrastructure projects often involve complex designs and large-scale structures. Formwork systems provide the necessary molds and support to create these structures efficiently and with precision. Contractors rely on advanced formwork solutions to meet the specific requirements of these projects. Governments of various countries invest in infrastructure development, such as highways, railways, airports, public utilities, and other large-scale projects, which require complex formwork solutions. Infrastructure projects often involve PPPs, where private sector companies collaborate with governments to fund and execute projects. These partnerships drive investments in infrastructure and, consequently, the demand for formwork systems. Infrastructure projects are typically time-sensitive, and delays can lead to cost overruns. Formwork systems help improve construction efficiency by enabling faster concrete pouring and curing. This speed is essential for meeting project timelines, making formwork systems a critical component of modern construction practices for building and maintaining essential infrastructure. Thus, the growing infrastructure development sector creates a consistent and substantial demand for formwork systems, which drives the market.
Middle East & Africa Formwork System Market Overview
The formwork system market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, and the UAE. The Middle East & Africa is projected to witness rapid growth in commercialization and industrialization in the coming years. These countries are economically developed, while the African countries are yet to match up to the economic situation of these countries. In the era of continuous technological developments, the integration of advanced technologies is increasing in a range of industries, including construction in the Middle East. The use of advanced building materials and implementation of technologies in the construction industry will promote the scope of formwork systems in the Middle East & Africa. Countries such as the UAE, Saudi Arabia, Kuwait, Qatar, and Bahrain are investing considerably in infrastructure projects to strengthen the construction sector and address rapidly growing population demands. Both private and government construction players are working together to cater to infrastructure demands and earn high revenues.
Regional contractors are facing pressures related to time, cost, and efficiency; hence, the construction sector in the Middle East & Africa is rapidly adopting advanced construction technology. As per the officials of Construction Week, the GCC is becoming a saturated market at an exponential rate for formwork suppliers. Therefore, the contractors are selecting the material to reuse their products in order to drive a zero-waste community. The contractors are also selecting formwork that can be reusable in the mid-to-long term. For example, plastic formwork is easy to fix and does not absorb moisture, shrink, or swell. While selecting a formwork system, technology also plays a vital role. For instance, an indoor tennis center is developed as a part of the Student Activities and Athletic Facilities Project (SAAF) of Kuwait University in Al-Shadadiya. Under this, in July 2019, Peri announced it would efficiently change the project team’s vision-the engineers designed 3D building models and 3D plans based on building plans. Thus, to construct complex and curved reinforced concrete walls with differently sized box-outs and varying wall thicknesses between 20 and 30 cm, the customized 3D formwork elements were utilized.
Middle East & Africa Formwork System Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Formwork System Market Segmentation
The Middle East & Africa formwork system market is segmented based on offerings, material used, and country.
Based on offerings, the Middle East & Africa formwork system market is bifurcated into solutions and services. The solutions segment held a larger share in 2022.
In terms of material used, the Middle East & Africa formwork system market is segmented into wood, metal, and others. The wood segment held the largest share in 2022.
Based on country, the Middle East & Africa formwork system market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa formwork system market in 2022.
Encofrados Alsina, Brand Industrial Services Inc, FORSA SA., MEVA GmbH, PERI GmbH, and Doka GmbH are some of the leading companies operating in the Middle East & Africa formwork system market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa formwork system market was valued at US$ 229.37 million in 2022 and is expected to reach US$ 309.40 million by 2030, registering a CAGR of 3.8% from 2022 to 2030. Advent of new formwork technologies and growing adoption of modular and reusable formwork systems are among the critical factors attributed to the Middle East & Africa formwork system market expansion.
The development of the latest designs encourages formwork manufacturers to roll out latest and tailored solutions to fulfill the demand for abstract projects. The contemporary building system is dominated by skyscrapers and complex geometries. Therefore, the success of these complex buildings relies on the efficiency of construction processes. With continuous technological developments, modular formwork systems are introduced with standardized component items and panels to lower the need for cutting material at sites. The introduction of wireless temperature monitoring formwork systems, tunnel formwork, fiberglass shuttering, concrete form lining formwork, and semi-system formwork is expected to fuel the growth of the Middle East & Africa formwork system market in the coming years.
Fiberglass shuttering: The fiberglass-reinforced plywood system is key to a perfect cast roof with a smooth finish, which does not need plastering. The fiberglass shuttering building systems are a revolution in the area of shuttering owing to their simplicity, lightness, solidity, durability, and resistance to temperature changes. Additionally, fiberglass shuttering provides simplification of shuttering with the same mechanical properties of different shuttering systems.
Tunnel formwork: The tunnel form is a formwork system enabling the contractor to cast slabs & walls in one operation on a daily cycle. The tunnel formwork unites quality, accuracy, and speed with flexibility and economy of in-situ construction. Also, hi-tech technologies of steel formwork production make the tunnel formwork durable and stronger. The system can create efficient load-bearing structures that are also known as earthquake-resistant structures.
Therefore, the advent of new formwork technologies would lead to new future trends in the Middle East & Africa formwork system market.
On the contrary, storage space constraints hamper the growth of Middle East & Africa formwork system market.
Based on offerings, the Middle East & Africa formwork system market is bifurcated into solutions and services. The solutions segment held 80.9% share of the Middle East & Africa formwork system market in 2022, amassing US$ 186.15 million. It is projected to garner US$ 252.04 million by 2030 to expand at 3.9% CAGR during 2022-2030.
In terms of material used, the Middle East & Africa formwork system market is segmented into wood, metal, and others. The wood segment held 48.3% share of the Middle East & Africa formwork system market in 2022, amassing US$ 110.86 million. It is projected to garner US$ 145.40 million by 2030 to expand at 3.4% CAGR during 2022-2030.
Based on country, the Middle East & Africa formwork system market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE held 35.5% share of Middle East & Africa formwork system market in 2022, amassing US$ 81.42 million. It is projected to garner US$ 117.23 million by 2030 to expand at 4.7% CAGR during 2022-2030.
Key players operating in the Middle East & Africa formwork system market are Encofrados Alsina, Brand Industrial Services Inc, FORSA SA., MEVA 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 Middle East & Africa 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 Middle East & Africa 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
1.1 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. Middle East & Africa Formwork System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Formwork System Suppliers
5. Middle East & Africa Formwork System Market – Key Industry Dynamics
5.1 Middle East & Africa 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 Less Construction Projects in Developing Countries such as China, South Africa
5.3.2 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Formwork System Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Formwork System Market Forecast and Analysis
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Formwork System Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Formwork System Market, Breakdown, By Country – Revenue (2022) (US$ Million)
9.1.2 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Middle East & Africa Formwork System Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 South Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 South Africa Formwork System Market Breakdown by Offering
9.1.2.2.2 South Africa Formwork System Market Breakdown by Material Used
9.1.2.3 Saudi Arabia Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Saudi Arabia Formwork System Market Breakdown by Offering
9.1.2.3.2 Saudi Arabia Formwork System Market Breakdown by Material Used
9.1.2.4 UAE Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 UAE Formwork System Market Breakdown by Offering
9.1.2.4.2 UAE Formwork System Market Breakdown by Material Used
9.1.2.5 Rest of Middle East & Africa Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Rest of Middle East & Africa Formwork System Market Breakdown by Offering
9.1.2.5.2 Rest of Middle East & Africa 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 FORSA SA.
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 MEVA Schalungs-Systeme GmbH
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 PERI 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 Doka 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
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Formwork System Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Offering
Table 5. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Material Used
Table 6. Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 8. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 9. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 10. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 11. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 12. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 13. Rest of Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 14. Rest of Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Formwork System Market Segmentation, By Country
Figure 2. Ecosystem: Formwork System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 5. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Formwork System Market, by Key Country – Revenue (2022) (US$ Million)
Figure 13. Middle East & Africa Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 14. South Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 15. Saudi Arabia Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 16. UAE Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 17. Rest of Middle East & Africa Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa Formwork System Market
1. Encofrados Alsina
2. Brand Industrial Services Inc
3. FORSA SA.
4. MEVA GmbH
5. PERI GmbH
6. Doka GmbH
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