South & Central America Formwork System Market Forecast to 2030
South & Central America 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
Advent of New Formwork Technologies Fuels South & Central America Formwork System Market
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 South & Central America 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 South & Central America formwork system market.
South & Central America Formwork System Market Overview
The formwork system market in SAM is bifurcated into Brazil and Argentina. Despite several economic challenges, favorable government initiatives would propel the growth of the region’s economy during the forecast period. SAM has the highest urbanization rate globally owing to the government initiatives that support industrial growth. With the growth in the industrial sector, the scope of integrating advanced technologies for constructing buildings such as formwork solutions is expected to increase in the coming years.
SAM has the highest urbanization rates globally, which is ~80% of the total rate, owing to government initiatives to support industrial growth. For instance, Argentina concentrates on attracting more FDIs by easing import restrictions, signing international bilateral agreements, and lifting restrictions imposed on foreign investment, among others. Such initiatives are expected to support the development of businesses in SAM.
Despite the political and economic uncertainties in SAM, the construction industry in Brazil, Chile, Colombia, and Peru expanded by 1.1% in 2019. According to the AEM, Colombia and Argentina are expected to witness faster growth compared to other countries in terms of construction, which is mainly attributed to the PPP projects; however, the growth in other SAM countries is expected to remain stagnant over the coming years. This is foreseen to result in the saturated growth of the formwork system market.
South & Central America Formwork System Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Formwork System Market Segmentation
The South & Central America formwork system market is segmented based on offerings, material used, and country.
Based on offerings, the South & Central America formwork system market is bifurcated into solutions and services. The solutions segment held a larger share in 2022.
In terms of material used, the South & Central America formwork system market is segmented into wood, metal, and others. The wood segment held the largest share in 2022.
Based on country, the South & Central America formwork system market is categorized into Brazil, Argentina, the Rest of South & Central America. Brazil dominated the South & Central America formwork system market in 2022.
Encofrados Alsina, Brand Industrial Services Inc, EFCO corp, FORSA SA., MEVA GmbH, MFE Formwork Technology Sdn Bhd, PERI GmbH, and Doka GmbH are some of the leading companies operating in the South & Central America formwork system market.
Summary Info
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According to the Research Team’ research, the South & Central America formwork system market was valued at US$ 135.95 million in 2022 and is expected to reach US$ 168.87 million by 2030, registering a CAGR of 2.7% from 2022 to 2030. Growing adoption of modular and reusable formwork systems and advent of new formwork technologies are among the critical factors attributed to the South & Central America formwork system market expansion.
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.
On the contrary, storage space constraints hamper the growth of South & Central America formwork system market.
Based on offerings, the South & Central America formwork system market is bifurcated into solutions and services. The solutions segment held 79.8% share of the South & Central America formwork system market in 2022, amassing US$ 108.46 million. It is projected to garner US$ 136.31 million by 2030 to expand at 2.9% CAGR during 2022-2030.
In terms of material used, the South & Central America formwork system market is segmented into wood, metal, and others. The wood segment held 48.5% share of the South & Central America formwork system market in 2022, amassing US$ 65.93 million. It is projected to garner US$ 78.49 million by 2030 to expand at 2.2% CAGR during 2022-2030.
Based on country, the South & Central America formwork system market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 47.7% share of South & Central America formwork system market in 2022, amassing US$ 64.79 million. It is projected to garner US$ 82.92 million by 2030 to expand at 3.1% CAGR during 2022-2030.
Key players operating in the South & Central America are Encofrados Alsina, Brand Industrial Services Inc, EFCO Corp, FORSA SA., MEVA GmbH, MFE Formwork Technology Sdn Bhd, 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 South & Central America 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 South & Central America 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. South & Central America Formwork System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. South & Central America Formwork System Market – Key Industry Dynamics
5.1 South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Formwork System Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Formwork System Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America Formwork System Market – Country Analysis
9.1 South & Central America Formwork System Market Revenue and Forecasts and Analysis – By Countries
9.1.1 Brazil Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.1 Brazil Formwork System Market Breakdown by Offering
9.1.1.2 Brazil Formwork System Market Breakdown by Material Used
9.1.2 Argentina Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1 Argentina Formwork System Market Breakdown by Offering
9.1.2.2 Argentina Formwork System Market Breakdown by Material Used
9.1.3 Rest of South & Central America Formwork System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.1 Rest of SAM Formwork System Market Breakdown by Offering
9.1.3.2 Rest of SAM 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 MFE Formwork Technology Sdn Bhd
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. South & Central America Formwork System Market Segmentation
Table 2. South & Central America Formwork System Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Offering
Table 4. South & Central America Formwork System Market Revenue and Forecasts To 2030 (US$ Million) – Material Used
Table 5. South & Central America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 6. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 7. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 8. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 9. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 10. Rest of SAM Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering
Table 11. Rest of SAM Formwork System Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Used
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Formwork System Market Segmentation, By Country
Figure 2. Ecosystem: Formwork System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Formwork System Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America 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. South & Central America 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. South & Central America Formwork System Market, by Key Country – Revenue (2022) (US$ Million)
Figure 13. South & Central America Formwork System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 14. Brazil Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 15. Argentina Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 16. Rest of South & Central America Formwork System Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – South & Central America Formwork System Market
1. Encofrados Alsina
2. Brand Industrial Services Inc
3. EFCO corp
4. FORSA SA.
5. MEVA GmbH
6. MFE Formwork Technology Sdn Bhd
7. PERI GmbH
8. Doka GmbH
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