India Aluminum Formwork System Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Offering (Solution and Services) and Material Used (Aluminum, Timber, Plastics, Mild Steels, Hybrid, and Others)
India Aluminum Formwork System Market Introduction
Services are another integral part of construction after solutions in the India aluminum formwork system market share. Companies such as Formwork Services and Supply L.P. offer to rent and service activities of engineered concrete forming and shoring systems used in construction. Similarly, Doka GmbH is another player offering formwork services for the India aluminum formwork system market growth. The company's formwork services include planning, consulting, and ancillary services to effectively execute formwork assignments. The services mentioned above are provided in every construction phase, ranging from development, tendering, and operation schedules to implementation and completion of the shell construction. In addition, support services are offered during project execution to safely and appropriately use systems. In comparison, formwork planning and engineering support services include formwork schemes and assistance at the site. The mentioned services enable the end user to have a high-quality surface finish with greater safety and flexibility in construction. Such factors are boosting the India aluminum formwork system market share.
India Aluminum Formwork System Market Growth Overview and Dynamics
The India Aluminum Formwork System market size is projected to grow from US$ 5,618.35 million in 2021 to US$ 7,486.32 million by 2028. It is expected to grow at a CAGR of 5.3% from 2022 to 2028.
India is the fifth largest country across the world and the second-most populous country with 1.24 approx. Bn of populous. The construction industry of India is booming due to favorable government policies and the availability of advanced technologies. For 2020-21, the government of India has allocated Rs. 103 trillion for infrastructure projects, including the construction of highways and transport. Therefore, such a massive allocation of funds for boosting the infrastructure projects industry is projected to influence the procurement of more formwork solutions. Stable economies and technological advancements support the growth of India aluminum formwork system market size. Such factors are boosting the India aluminum formwork system market.
A large population in India has increased the region's demand for residential and commercial construction. Further, the Government of India is taking several measures to attract private investments in infrastructure development. The growing investments in commercial and residential construction are bolstering the demand for advanced building materials, including formwork solutions, in India. Such factors are boosting the India aluminum formwork system market.
Several industry-recognized formwork system market players have a presence in India. This leads to the easy availability of formwork solutions to the construction industry players. The smooth supply chain of formwork solutions significantly supports the market's growth. Some prime companies operating in the formwork system market include Doka, PERI, Shandong Xingang Formwork Co., Ltd., Alpi Sea, and GETO.
Several companies, such as Doka, provide an array of formwork solutions to cater construction needs of LNG tanks in India. Footprints of such gigantic players in the Indian market would help accelerate the use of formwork solutions for constructing new structures. Similarly, MFE Formwork Technology is a revolutionary aluminum formwork construction system, used extensively in India for walls, floor slabs, columns, beams, stairs, balconies, and door and window openings application in a single site-based operation. Such factors are boosting the India aluminum formwork system market. Various advantages, such as strong, accurate dimensions and tolerances and high quality of finished concrete surfaces, in buildings encourage the growth of MFE Formwork to construct all types of concrete structures in India.
The MFE Formwork is the panel of extruded aluminum sections welded to an aluminum sheet. This produces a lightweight panel with an excellent stiffness-to-weight ratio that reduces deflections under concrete loading. Panels are manufactured from a high-strength aluminum alloy, welded to a framework of specially designed extruded sections to form a robust component. Mentioned companies experience growth in construction activities in India, motivating them to expand their presence in the country and capture a huge share in providing formwork systems in the Indian construction industry. Such factors are boosting the India aluminum formwork system market growth.
Key Market Segments
The India aluminum formwork system market is segmented on the basis of offering and material used. Based on offering, the India aluminum formwork system market is segmented into solutions and services. Based on material used, the India aluminum formwork system market is segmented into aluminum, timber, plastics, mild steel, hybrid, and others. Other formwork systems include fabric, plywood, and magnesium formwork.
Improvements in construction techniques and emerging technologies in building, planning, and designing, have boosted the demands for complex-shaped structures. This trend has boosted the usage of fabric formwork due to its flexibility. Other benefits of the fabric formwork include waterproof, easy removal post hardening of concrete, and light weight structure. This is boosting the India aluminum formwork system market.
The growing demand for fabric formwork in cast-in-place and precast applications and advantages over conventional formwork technology provide opportunities for architectural and structural innovations. In addition, fabric formwork guarantees an improvement in the economy and durability of concrete structures. Offers high flexibility for the three-dimensional shaping of beams, columns, and walls. Plywood formwork is a lightweight, durable, and eco-friendly system prepared by combining the specially prepared 3 layers on top of each other. The growing applications for plywood formwork for coating a large surface with a light and durable material are bolstering its demand in the construction industry. Another widely used material for formwork is Magnesium, another metal element used for formwork.
Magnesium oxide, called Magnesia, is cast into thin formwork panels under proper curing procedures and practices for use in residential and commercial building construction. Using Magnesia formwork offers the following advantages: High bearing capacity, Lightweight and easy to handle, Inflammable and water-resistance, and eco-friendly. Such factors are boosting the India aluminum formwork system market.
Major Sources and Companies Listed
A few major primary and secondary sources for preparing this report on the India Aluminum Formwork System market are company websites, annual reports, financial reports, national government documents, and statistical databases. Major companies listed in the India Aluminum Formwork System market report are Cosmos; Ihita Formworks; Knest; S-Form; Technokraft; Meva; Mfe Formwork Technology Sdn Bhd; Winntus; Rudra Aluminum Formwork System; Mitaka Aluform LLP are the key players with a significant market share that are profiled in this market study.
Reasons to Buy Report
- To understand the India Aluminum Formwork System market landscape and identify market segments that are likely to guarantee a strong return in the coming years
- To stay ahead of the race by comprehending the ever-changing competitive landscape of the market
- To efficiently plan mergers and acquisitions and partnerships in the India aluminum formwork system market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
- To obtain the India aluminum formwork system market revenue forecast by various segments from 2022 to 2028
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 India Aluminium Formwork System Market - By Offering
1.3.2 India Aluminium Formwork System Market - By Material Used
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. India Aluminium Formwork System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 India - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 PREMIUM INSIGHTS
4.5.1 India -Formwork System Rental Model Analysis and Trends
5. India Aluminium Formwork System Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Infrastructure Projects In India
5.1.2 Growing Demand for Aluminium Formwork & Scaffolding
5.2 Market Restraints
5.2.1 High Costs associated with Aluminium Formwork systems
5.3 Market Opportunities
5.3.1 The Green Building Revolution
5.4 Future Trends
5.4.1 Advent of Mivan Aluminium Formwork Technology
5.5 Impact Analysis of Drivers and Restraints
6. India Formwork System Market - Country Analysis
6.1 Overview
6.2 India Aluminium Formwork System Market Forecast and Analysis
6.3 Market Positioning -Top 5 Players
6.3.1 Market Share of the top 10 Key Players
7. India Aluminium Formwork System Market Revenue and Forecast to 2028 Offering
7.1 Overview
7.2 India Aluminium Formwork System Market, By Offering (2021 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: India Aluminium Formwork System Market Revenue and Forecast To 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: India Aluminium Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8. India Formwork System Market Revenue and Forecast to 2028 Material Used
8.1 Overview
8.2 India Formwork System Market, By Material Used (2021 and 2028)
8.3 Aluminium
8.3.1 Overview
8.3.2 Aluminium: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8.4 Timber
8.4.1 Overview
8.4.2 Timber: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8.5 Plastics
8.5.1 Overview
8.5.2 Plastics: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8.6 Mild Steels
8.6.1 Overview
8.6.2 Mild Steels: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8.7 Hybrid
8.7.1 Overview
8.7.2 Hybrid: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: India Formwork System Market Revenue and Forecast To 2028 (US$ Million)
9. Impact of COVID-19 Pandemic on India Aluminium Formwork System Market
9.1 India: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 MFE Formwork Technology Sdn Bhd
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 KNEST
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 Technocraft industries India Ltd.
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 Cosmos Construction Machineries And Equipments Private Limited
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 IHITA FORMWORKS
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 S-FORM
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 MECPL
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 Winntus
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
11.9 Rudra Aluminium Formwork System (RAFS)
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Kumkang kind India
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. India Aluminium Formwork System Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. India Aluminium Formwork System Market, By Offering - Revenue and Forecast to 2028 (US$ Million)
Table 3. India Formwork System Market, By Material Used - Revenue and Forecast to 2028 (US$ Million)
Table 4. Glossary of Term: India Aluminium Formwork System Market
LIST OF FIGURES
Figure 1. India Aluminium Formwork System Market Segmentation
Figure 2. India Aluminium Formwork System Market Overview
Figure 3. Solution Segment Held the Largest Market Share in 2021 - By Offering
Figure 4. Timber Segment Held the Largest Market Share in 2021 - By Material Used
Figure 5. India - PEST Analysis
Figure 6. India Aluminium Formwork System Market- Ecosystem Analysis
Figure 7. Expert Opinions
Figure 8. India Aluminium Formwork System Market: Impact Analysis of Drivers and Restraints
Figure 9. India Aluminium Formwork System Market Forecast and Analysis to 2028, US$ Million
Figure 10. India Aluminium Formwork System Market, By Offering (2021 and 2028)
Figure 11. Solution: India Aluminium Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Services: India Aluminium Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. India Formwork System Market, By Material Used (2021 and 2028)
Figure 14. Aluminium: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Timber: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Plastics: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Mild Steels: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Hybrid: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: India Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Impact of Covid-19 Pandemic in India Market
The List of Companies - India Aluminium Formwork System Market
- COSMOS
- IHITA Formworks
- KNEST
- S-FORM
- TECHNOKRAFT
- MCEPL
- MFE Formwork Technology Sdn Bhd
- Winntus
- Rudra Aluminium Formwork System
- KUMKANG KIND
- To understand the India Aluminum Formwork System market landscape and identify market segments that are likely to guarantee a strong return in the coming years
- To stay ahead of the race by comprehending the ever-changing competitive landscape of the market
- To efficiently plan mergers and acquisitions and partnerships in the India aluminum formwork system market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
- To obtain the India aluminum formwork system market revenue forecast by various segments from 2022 to 2028