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Europe 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: TIPRE00023470 | Pages: 106 | Industry: Manufacturing and Construction | Date: Jul 2021
Covid

Market Introduction

Germany, Russia, France, the UK, and Italy are the major countries in Europe, known for large-scale industrialization and urbanization. Thus, they hold great potential for adopting advanced solutions that boost the productivity of various industrial and urban processes. European countries are concentrated with prominent industries such as food & beverages, automobiles, chemicals, and pharmaceuticals. In addition to the above-mentioned countries, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland are the other European countries having robust contribution to the tech strength of the region, and they are anticipated to nurture the growth of formwork system. According to Euroconstruct, the European construction industry is expected experience sluggish growth in the next couple of years. Euroconstruct in one of its reports published the following growth rate figures of construction industry in Europe; in 2017, 2018, 2019, and 2020, the industry registered the growth rate of 4.2%, 3.1%, 1.9%, and 1.5%, respectively, and it is likely to fall to 1.4% in 2021. The dip in the performance of this industry is expected to reduce the demand for several products, solutions, and services associated with it, including formwork for building structures. However, with the projected rise in the construction activities in Nordic countries, Spain, Portugal, Belgium, and Ireland, among others, the formwork system market is also expected to grow in the coming years.

In Europe, Russia is the hardest-hit country by the COVID-19 outbreak, followed by the UK and others. Majority of European countries are expected to suffer an economic hit due to a lack of revenue from various industries, as these countries record the highest number of COVID-19 cases and deaths in the past year. Due to business lockdowns, travel bans, and supply chain disruptions, the region is most likely to face an economic slowdown in 2021. The construction industry in Europe suffered its one of the biggest drops in activities after the building sites were closed, and the supply of safety equipment and workers were disrupted due to the pandemic. The drop in the construction activities in the region has directly affected the sales of the formwork solutions in Europe. Owing to the decline in construction, the formwork system market will witness an abrupt downturn in the year 2021, however, a slow recovery will be witnessed in next year, and normalization is expected to start by 2022.       




Market Overview and Dynamics

The formwork system market in Europe is expected to grow from US$ 1,330.51 million in 2021 to US$ 1,739.64 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The advent of latest designs keeps encouraging the formwork manufacturers to roll out new and tailored solutions to fulfill the demand of abstract projects. The contemporary building system is getting dominated by ever-higher buildings and complex geometries. Therefore, success of such complex buildings relies on the efficiency of construction processes. With continuous technological developments, modular formwork systems are getting introduced with standardized component items and panels to lower the need of cutting material at site. Introduction of wireless temperature monitoring formwork system, fiberglass shuttering, tunnel formwork, concrete form lining formwork, and semi-system formwork are expected to propel the growth of the formwork system market in the coming years.    

Key Market Segments

The Europe formwork system market is segmented into offering and material used. Based on offering, the Europe formwork system market is segmented into solutions, services. The solutions segment held the largest market share in 2020. Based on material used, the Europe 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 Europe 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; and PERI GmbH.  

Reasons to buy report

  • To understand the Europe 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 Europe formwork system market.
  • Efficiently plan M&A and partnership deals in Europe 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 Europe formwork system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Formwork System Market Segmentation

Europe Formwork System Market - By Offering

  • Solutions
  • Service

Europe Formwork System Market - By Material Used

  • Wood
  • Metal
  • Others

Europe Formwork System Market - By Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe 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 

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.           Europe Formwork System Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Europe Formwork System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Continuous Growth of Infrastructure Projects

5.1.2        Rising Application of Wood Formwork

5.2         Market Restraints

5.2.1        Low Construction Projects in Developing Countries

5.3         Market Opportunities

5.3.1        Upward Trend in Construction Sector

5.4         Future Trends

5.4.1        Advent of New Formwork Technologies

5.5         Impact Analysis of Drivers and Restraints

6.           Formwork System Market – Europe Analysis

6.1         Europe Formwork System Market Overview

6.2         Europe Formwork System Market Revenue Forecast and Analysis

7.           Europe Formwork System Market – By Offering

7.1         Overview

7.2         Europe 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.           Europe Formwork System Market – By Material Used

8.1         Overview

8.2         Europe 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.           Europe Formwork System Market – Country Analysis

9.1         Overview

9.1.1        Europe: Formwork System Market- by Key Country

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

9.1.1.1.1          Germany: Formwork System Market- by Offering

9.1.1.1.2          Germany: Formwork System Market- By Material Used

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

9.1.1.2.1          France: Formwork System Market- by Offering

9.1.1.2.2          France: Formwork System Market- By Material Used

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

9.1.1.3.1          Italy: Formwork System Market- by Offering

9.1.1.3.2          Italy: Formwork System Market- By Material Used

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

9.1.1.4.1          UK: Formwork System Market- by Offering

9.1.1.4.2          UK: Formwork System Market- By Material Used

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

9.1.1.5.1          Russia: Formwork System Market- by Offering

9.1.1.5.2          Russia: Formwork System Market- By Material Used

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

9.1.1.6.1          Rest of Europe: Formwork System Market- by Offering

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

10.        Europe Formwork system Market - COVID-19 Impact Analysis

10.1      Europe

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Formwork System Market Segmentation

Figure 2.           Europe Formwork System Market Segmentation – By Country

Figure 3.           Europe Formwork System Market Overview

Figure 4.           Europe Formwork System Market, by Offering

Figure 5.           Europe Formwork System Market, by Material Used

Figure 6.           Europe Formwork System Market, By Country

Figure 7.           Europe PEST Analysis

Figure 1.           Europe Formwork System Market- Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 19.        Impact of COVID-19 Pandemic in Europe 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 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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