With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
#Concrete Formwork Market Size Forecast Points To $10.08 Billion In Revenue By 2030#_x000D_
The concrete formwork market has demonstrated considerable growth in recent years. It is anticipated to increase from $7.81 billion in 2025 to $8.23 billion in 2026, achieving a compound annual growth rate (CAGR) of 5.5%. This historical expansion can be ascribed to several factors, such as the increasing use of modular formwork systems, a growing demand for insulated permanent formwork, the expansion of high-rise and infrastructure construction, the rising adoption of reusable plastic formwork, and broader applications for engineered steel and aluminum formwork._x000D_
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The concrete formwork market size is set for robust expansion over the next few years. It is forecast to grow to $10.08 billion in 2030, achieving a compound annual growth rate (CAGR) of 5.2%. This projected increase is propelled by factors such as the rising demand for lightweight composite formwork, increased adoption of digital design tools, the spread of sustainable formwork materials, advancements in automated construction technologies, and the development of sophisticated stay-in-place formwork systems. Significant trends expected during this forecast period encompass the integration of AI for formwork design and planning, progress in automated formwork fabrication systems, the expansion of sustainable reusable formwork options, the implementation of smart sensor-enabled formwork monitoring, and the proliferation of digital project management and simulation platforms._x000D_
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#Get A Free Concrete Formwork Market Sample Covering Drivers, Trends And Key Players:#_x000D_
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#Concrete Formwork Market Driver Analysis: Key Factor Supporting Revenue Growth#_x000D_
The rising need for infrastructure development is projected to boost the growth of the concrete formwork market in the future. Infrastructure development encompasses the construction and enhancement of fundamental facilities like roads, bridges, tunnels, airports, and public buildings, which are essential for supporting economic and social activities. Urbanization contributes to this increased demand for infrastructure as cities require expanded transportation, housing, and public utilities to accommodate their growing populations. Concrete formwork is utilized in infrastructure projects to shape and support poured concrete structures, including bridges, tunnels, highways, and foundations, until they achieve adequate strength. For instance, in February 2024, the Infrastructure and Projects Authority, a UK government agency, reported that planned investments in major infrastructure and construction projects for 2024/25 would total £164 ($214.18) billion, exceeding the investment of 2023/24. Over the subsequent decade, total projected investments are estimated to range between £700 ($914.16) billion and £775 ($1012.11) billion. Consequently, the escalating demand for infrastructure development is a key factor driving the expansion of the concrete formwork market._x000D_
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#Concrete Formwork Market Segmentation Framework: Major Segments At A Glance#_x000D_
The concrete formwork market covered in this report is segmented – _x000D_
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1) By Type: Traditional Timber Formwork, Engineered Formwork Systems, Reusable Plastic Formwork, Stay In Place Formwork, Permanent Insulated Formwork, Other Types_x000D_
2) By Material: Wood, Steel, Aluminum, Plastic, Other Materials_x000D_
3) By Accessories And Components: Formwork Ties, Support Systems, Bracing, Formwork Accessories, Waterproofing Systems_x000D_
4) By Application: Buildings, Transportation, Industrial Facilities, Other Applications_x000D_
5) By End Use: Residential, Non Residential_x000D_
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1) By Traditional Timber Formwork: Plywood Formwork, Lumber Formwork, Sheathing Panels, Timber Beams, Framing Systems _x000D_
2) By Engineered Formwork Systems: Steel Formwork, Aluminum Formwork, Modular Formwork Systems, Tunnel Formwork, Crane-Handled Formwork _x000D_
3) By Reusable Plastic Formwork: Modular Interlocking Panels, Polypropylene Panels, Plastic Composite Systems, Lightweight Plastic Panels _x000D_
4) By Stay In Place Formwork: Fiber Reinforced Polymer (FRP) Forms, Corrugated Steel Forms, Precast Concrete Forms, Polyvinyl Chloride (PVC) Forms_x000D_
5) By Permanent Insulated Formwork: Expanded Polystyrene (EPS) Forms, Extruded Polystyrene (XPS) Forms, Polyurethane Foam Forms, Cement-Bonded Wood Fiber Forms _x000D_
6) By Other Types: Fabric Formwork, 3D Printed Formwork, Hybrid Composite Formwork, Cardboard Formwork_x000D_
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#Latest Concrete Formwork Market Developments And Emerging Trends#_x000D_
Companies operating within the concrete formwork market are concentrating on developing advanced formwork solutions, such as the imperial formwork system, to improve construction efficiency, decrease labor expenses, and heighten structural accuracy. The imperial formwork system represents a modular and reusable formwork option designed to streamline concrete construction by providing high strength, precision, and ease of assembly for walls, slabs, and columns. For instance, in January 2025, PERI Formwork Systems Inc., a Germany-based supplier of formwork and scaffolding products, announced the introduction of its SKYFLEX system. This system incorporates an imperial 8’x8’ grid beam configuration aimed at enhancing efficiency, safety, and speed on job sites. Its larger bay sizes necessitate fewer props, significantly boosting deck productivity, while the patented six-way drophead allows for early striking and safer operations, enabling workers to carry out tasks from within the slab interior and predominantly from the ground, particularly near cantilevered edges. Additionally, PERI launched LEVO, its inaugural fully imperial lightweight wall formwork system, which features a 9’x3’ panel weighing merely 6.6 lbs/sq ft. Developed specifically for the U.S. market, LEVO offers effortless handling, better transportation logistics, and simplified vertical assembly, all while upholding high durability and performance standards._x000D_
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#Which Companies Are Shaping The Concrete Formwork Market?#_x000D_
Major companies operating in the concrete formwork market are PERI Group, Kumkang Kind Co. Ltd., Knest Aluform, Aluma Systems, ULMA Group, MEVA Formwork Systems, Form Tech, Condor S.p.A., Winntus Formwork Pvt. Ltd, MFE Formwork Technology Sdn Bhd, Constro Systems, German Formwork Technology GmbH, GETO AG, PASCHAL group, TMS Formwork And Scaffolding Systems Pvt. Ltd., Acrow Formwork Technology, Farina Formworks, Finomax Scaffolding I Pvt. Ltd., Anshteich Formwork Systems Pvt Ltd, Mayra Aluminium Formwork. _x000D_
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#Dive Deeper Into The Concrete Formwork Market With The Full Report:#_x000D_
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#Concrete Formwork Market Regional Distribution: Where Is Revenue Concentrated?#_x000D_
North America was the largest region in the concrete formwork market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete formwork market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
