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North America 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: TIPRE00023469 | Pages: 93 | Industry: Manufacturing and Construction | Date: Jul 2021
Covid

Market Introduction

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their industrial sectors including healthcare and food. The continuous contribution of tech-giants in technological advancements has created a stir in the competitive market across the region, thereby integrating advanced technologies in their respective business processes for better growth in future. North America leads the formwork system market, and the market is anticipated to be the largest revenue contributor to the region during the forecast period. The governments of the US, Canada, and Mexico are investing substantial amounts in the development of commercial infrastructures, including airports, hospitals, hotels, office buildings, and universities. The modern-day builders emphasize on advanced technologies to build an attractive infrastructure as majority of the abovementioned facilities experience a significantly high footfall regularly, and hence, the reliable and aesthetic look are few utmost important factors to the contractors.

The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. Most of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. The US is one of the largest markets for formwork system. Also, in Canada, construction projects deemed nonessential were shut down, and the essential projects are subject to public health guidelines.     




Market Overview and Dynamics

The formwork system market in North America is expected to grow from US$ 1,221.54 million in 2021 to US$ 1,607.29 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028. At present, construction sector is witnessing an upward trend. With buildings getting taller and the floor plates getting bigger, the final users are seeking forward to advanced formwork system, which are light, reusable, cost-effective, durable, flexible, and easy to assemble & dismantle. There are a few companies, which offers end-to-end formwork design system for small & large projects. Peri, Doka, MFE, BSL Scaffolding, Waco, and Paschal are among a few well-established players existing in the market. With increasing number of commercial, residential, and industrial projects, the construction industry is booming, which is drawing the attention of government to provide financial assistance. Also, advanced building materials are getting emerged to make construction cost effective.   

Key Market Segments

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

Reasons to buy report

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

North America Formwork System Market Segmentation

North America Formwork System Market - By Offering

  • Solutions
  • Service

North America Formwork System Market - By Material Used

  • Wood
  • Metal
  • Others

North America Formwork System Market - By Country

  • US
  • Canada
  • Mexico

North America 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
  • 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.           North America Formwork System Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           North America Formwork System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Infrastructure Projects Rising

5.1.2        Surging Scope of Wood Formwork Across North America

5.2         Market Opportunities

5.2.1        Construction Sector Witnessing Boom

5.3         Future Trends

5.3.1        Upcoming of New Formwork Technologies

5.4         Impact Analysis of Drivers and Restraints

6.           Formwork System Market – North America Analysis

6.1         North America Formwork System Market Overview

6.2         North America Formwork System Market Revenue Forecast and Analysis

7.           North America Formwork System Market – By Offering

7.1         Overview

7.2         North America 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.           North America Formwork System Market – By Material Used

8.1         Overview

8.2         North America 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.           North America Formwork System Market – North America Analysis

9.1         Overview

9.1.1        North America: Formwork System Market- by Key Country

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

9.1.1.1.1          US: Formwork System Market- by Offering

9.1.1.1.2          US: Formwork System Market- By Material Used

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

9.1.1.2.1          Canada: Formwork System Market- by Offering

9.1.1.2.2          Canada: Formwork System Market- By Material Used

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

9.1.1.3.1          Mexico: Formwork System Market- by Offering

9.1.1.3.2          Mexico: Formwork System Market- By Material Used

10.        North America Formwork System Market - COVID-19 Impact Analysis

10.1      North America

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      PERI 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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

Table 9.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Formwork System Market Segmentation

Figure 2.           North America Formwork System Market Segmentation – By Country

Figure 3.           North America Formwork System Market Overview

Figure 4.           North America Formwork System Market, by Offering

Figure 5.           North America Formwork System Market, by Material Used

Figure 6.           North America Formwork System Market, By Country

Figure 7.           North America PEST Analysis

Figure 1.           North America Formwork System Market- Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

Figure 12.        North America: Formwork System Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 16.        Impact of COVID-19 Pandemic in North America 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. PERI GmbH 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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