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Asia Pacific Formwork System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Solutions and Service) and Material Used (Wood, Metal, and Others)

Code: TIPRE00023532 | Pages: 108 | Industry: Manufacturing and Construction | Date: Jul 2021
Covid

Market Introduction

The presence of developing economies such as China, India, South Korea, Malaysia, the Philippines, and Taiwan helps in making Asia a developing nation. Stable economies and technological advancements support the growth of diversified industries and markets in Asia. A large population in APAC has led to increased demand for residential as well as commercial construction in the region. The region comprises several developing economies, including India and many Southeast Asian countries, posing strong demand for more infrastructure projects. Further, various country governments are taking several measures to attract private investments in infrastructure development. Growing investments in the commercial as well as residential construction is bolstering the demand for advanced building materials including formwork solutions in APAC countries. Several industry-recognized formwork system market players have presence in APAC. This leads to the easy availability of formwork solutions to the construction industry players. The smooth supply chain of formwork solution significantly supports the growth of the market.

The APAC constitutes the world’s two most populated countries as well as leading manufacturing hubs: India and China. The government of various countries in the APAC has taken necessary steps to reduce its effects by announcing lockdowns, and thus, impacting the growth of the formwork system market. The introduction of lockdowns has resulted in the halt of construction projects in the region, which negatively impacted the growth of formwork system in the region. After a prolonged lockdown, various countries have started easing the restrictions. On the contrary, second wave of COVID-19 has hit India, which has negatively impacted the construction sector of entire country which would further adversely impact the number of infrastructure projects.        




Market Overview and Dynamics

The formwork system market in APAC is expected to grow from US$ 2,683.72 million in 2021 to US$ 3,690.17 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. With the developing economy, innovative building technologies have initiated to transform the urban landscape. The surge in construction work across residential, commercial, and several industries, owing to the growing urbanization and industrialization, is expected to drive the growth of the formwork system market. The government is putting additional emphasis on strengthening the construction and infrastructural development, which is projected to create lucrative opportunities for the scaffolding and formwork industry. In addition to government support, companies are working on infrastructural projects.    

Key Market Segments

The APAC formwork system market is segmented into offering and material used. Based on offering, the APAC formwork system market is segmented into solutions, services. The solutions segment held the largest market share in 2020. Based on material used, the APAC formwork system market is segmented into wood, metal, others. The wood formwork segment dominated the market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the formwork system market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Brand Industrial Services, Inc.; Doka GmbH; EFCO Corp; Encofrados Alsina; FORSA SA.; MEVA Schalungs-Systeme GmbH; MFE Formwork Technology Sdn Bhd; PASCHAL-Werk G. Maier GmbH; PERI GmbH and Shandong Xingang Formwork Co., Ltd.   

Reasons to buy report

  • To understand the APAC formwork system market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC formwork system market.
  • Efficiently plan M&A and partnership deals in APAC formwork system market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC formwork system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Formwork System Market Segmentation

APAC Formwork System Market - By Offering

  • Solutions
  • Service

APAC Formwork System Market - By Material Used

  • Wood
  • Metal
  • Others

APAC Formwork System Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Formwork System Market - Company Profiles

  • Brand Industrial Services, Inc.
  • Doka GmbH
  • EFCO Corp
  • Encofrados Alsina
  • FORSA SA.
  • MEVA Schalungs-Systeme GmbH
  • MFE Formwork Technology Sdn Bhd
  • PASCHAL-Werk G. Maier GmbH
  • PERI GmbH
  • Shandong Xingang Formwork Co., Ltd.
 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners 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.           APAC Formwork System Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           APAC Formwork System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Infrastructure Projects Rising in APAC

5.1.2        Wood Formwork Getting Popular Across APAC

5.2         Market Restraints

5.2.1        Relatively Low Construction Projects in Underdeveloped Countries

5.3         Market Opportunities

5.3.1        Construction Sector Witnessing Growth

5.4         Future Trends

5.4.1        Arising of New Formwork Technologies

5.5         Impact Analysis of Drivers and Restraints

6.           Formwork System Market – APAC Analysis

6.1         APAC Formwork System Market Overview

6.2         APAC Formwork System Market Revenue Forecast and Analysis

7.           APAC Formwork System Market – By Offering

7.1         Overview

7.2         APAC Formwork System Market, by Offering (2020 and 2028)

7.3         Solutions

7.3.1        Overview

7.3.2        Solutions: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Service

7.4.1        Overview

7.4.2        Service: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.           APAC Formwork System Market – By Material Used

8.1         Overview

8.2         APAC Formwork System Market, by Material Used (2020 and 2028)

8.3         Wood

8.3.1        Overview

8.3.2        Wood: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Metal

8.4.1        Overview

8.4.2        Metal: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.           APAC Formwork System Market – Country Analysis

9.1         Overview

9.1.1        APAC: Formwork System Market- by Key Country

9.1.1.1          Australia: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: Formwork System Market- by Offering

9.1.1.1.2          Australia: Formwork System Market- By Material Used

9.1.1.2          China: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: Formwork System Market- by Offering

9.1.1.2.2          China: Formwork System Market- By Material Used

9.1.1.3          India: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India: Formwork System Market- by Offering

9.1.1.3.2          India: Formwork System Market- By Material Used

9.1.1.4          Japan: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan: Formwork System Market- by Offering

9.1.1.4.2          Japan: Formwork System Market- By Material Used

9.1.1.5          South Korea: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: Formwork System Market- by Offering

9.1.1.5.2          South Korea: Formwork System Market- By Material Used

9.1.1.6          Rest of APAC: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC: Formwork System Market- by Offering

9.1.1.6.2          Rest of APAC: Formwork System Market- By Material Used

10.        APAC Formwork System Market - COVID-19 Impact Analysis

10.1      Overview

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

12.        Company Profiles

12.1      Encofrados Alsina

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      Brand Industrial Services, Inc.

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      Doka GmbH

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      EFCO Corp

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      FORSA SA.

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

12.6      MEVA Schalungs-Systeme GmbH

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      MFE Formwork Technology Sdn Bhd

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      PASCHAL-Werk G. Maier GmbH

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      PERI GmbH

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Shandong Xingang Formwork Co., Ltd.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC Formwork System Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC: Formwork System Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of APAC: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Formwork System Market Segmentation

Figure 2.           APAC Formwork System Market Segmentation – By Country

Figure 3.           APAC Formwork System Market Overview

Figure 4.           APAC Formwork System Market, by Offering

Figure 5.           APAC Formwork System Market, by Material Used

Figure 6.           APAC Formwork System Market, By Country

Figure 7.           APAC – PEST Analysis

Figure 1.           APAC Formwork System Market- Ecosystem Analysis

Figure 2.           APAC Formwork System Market: Impact Analysis of Drivers and Restraints

Figure 3.           APAC Formwork System Market Revenue Forecast and Analysis (US$ Million)

Figure 4.           APAC Formwork System Market Revenue Share, by Offering (2020 and 2028)

Figure 5.           APAC Solutions: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 6.           APAC Service: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 7.           APAC Formwork System Market Revenue Share, by Material Used (2020 and 2028)

Figure 8.           APAC Wood: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 9.           APAC Metal: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        APAC Others: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        APAC: Formwork System Market, by Key Country – Revenue 2020 (US$ Million)

Figure 12.        APAC: Formwork System Market Revenue Share, By Key Country (2020 and 2028)

Figure 13.        Australia: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        China: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        India: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Japan: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        South Korea: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Rest of APAC: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. Brand Industrial Services, Inc.
  2. Doka GmbH
  3. EFCO Corp
  4. Encofrados Alsina
  5. FORSA SA.
  6. MEVA Schalungs-Systeme GmbH
  7. MFE Formwork Technology Sdn Bhd
  8. PASCHAL-Werk G. Maier GmbH
  9. PERI GmbH
  10. Shandong Xingang Formwork Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC formwork system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC formwork system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the formwork system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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