South 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)
Market Introduction
Geographically, the formwork system market in SAM is segmented into Brazil and Argentina. Despite many economic challenges, favorable government initiatives would propel the growth of the region’s economy during the forecast period. The region has the highest urbanization rate globally owing to the government initiatives that support the industrial growth. With the growth in industrial sector, the scope of integrating advanced technologies for constructing buildings such as formwork solutions is expected to increase. The region has the highest urbanization rates globally, which is ~80% of the total rate owing to government initiatives to support industrial growth. For instance, Argentina concentrates on attracting more FDIs by easing import restrictions, signing international bilateral agreements, and lifting restrictions imposed on foreign investment, among others. Such initiatives are expected to help in the development of businesses in South America.
Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. The containment protocols have been implemented for the construction sector to ensure the safety of construction workers. However, some of the new protocols and restrictions require construction to continue only if the project is considered critical. For instance, in Chile, CODELCO stopped all projects and started reviewing all construction contracts individually to identify the next steps to follow. The coronavirus spread has resulted in the slowdown of the construction industry in the region, which has negatively affected the growth of formwork system in the region.
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Market Overview and Dynamics
The formwork system market in SAM is expected to grow from US$ 124.16 million in 2021 to US$ 143.82 million by 2028; it is estimated to grow at a CAGR of 2.1% from 2021 to 2028. Despite the political and economic uncertainties in the region, the construction industry in Brazil, Chile, Colombia, and Peru, among others, expanded by 1.1% in 2019. Brazil holds the largest of construction market of the region, and the country’s government continuously invests substantial amounts in the development of its commercial and industrial infrastructures. According to the AEM, Colombia and Argentina are expected to witness faster growth in terms of construction, which is mainly attributed to the PPP projects; however, the growth in other SAM countries is expected to remain stagnant over the next couple of years. This is foreseen to result in the saturated growth of the formwork system market. In addition, post lockdown caused by COVID-19, the construction industry throughout South America is anticipated to recommence in key country markets with growth observed in hotels, housing, and other architectural market segments.
Key Market Segments
The SAM formwork system market is segmented into offering and material used. Based on offering, the SAM formwork system market is segmented into solutions, services. The solutions segment held the largest market share in 2020. Based on material used, the SAM 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 SAM 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 SAM 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 SAM formwork system market.
- Efficiently plan M&A and partnership deals in SAM 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 SAM formwork system market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Formwork System Market Segmentation
SAM Formwork System Market - By Offering
- Solutions
- Service
SAM Formwork System Market - By Material Used
- Wood
- Metal
- Others
SAM Formwork System Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM 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
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. SAM Formwork System Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Formwork System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Number of Infrastructure Projects Is Expanding
5.1.2 Wood Formwork's Scope Broadens Across SAM
5.2 Market Restraints
5.2.1 Emerging Nations Witnessing Less Construction Activities
5.3 Market Opportunities
5.3.1 Surge in Construction Sector
5.4 Future Trends
5.4.1 Emergence of New Formwork Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Formwork System Market – SAM Analysis
6.1 SAM Formwork System Market Overview
6.2 SAM Formwork System Market Revenue Forecast and Analysis
7. SAM Formwork System Market – By Offering
7.1 Overview
7.2 SAM 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. SAM Formwork System Market – By Material Used
8.1 Overview
8.2 SAM 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. SAM Formwork System Market – Country Analysis
9.1 Overview
9.1.1 SAM: Formwork System Market- by Key Country
9.1.1.1 Brazil: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Formwork System Market- by Offering
9.1.1.1.2 Brazil: Formwork System Market- By Material Used
9.1.1.2 Argentina: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Formwork System Market- by Offering
9.1.1.2.2 Argentina: Formwork System Market- By Material Used
9.1.1.3 Rest of SAM: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Formwork System Market- by Offering
9.1.1.3.2 Rest of SAM: Formwork System Market- By Material Used
10. SAM Formwork System Market - COVID-19 Impact Analysis
10.1 SAM
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. SAM Formwork System Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Formwork System Market- By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Formwork System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Formwork System Market- by Offering–Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Formwork System Market- By Material Used –Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Formwork System Market Segmentation
Figure 2. SAM Formwork System Market Segmentation – By Country
Figure 3. SAM Formwork System Market Overview
Figure 4. SAM Formwork System Market, by Offering
Figure 5. SAM Formwork System Market, by Material Used
Figure 6. SAM Formwork System Market, By Country
Figure 7. SAM PEST Analysis
Figure 1. SAM Formwork System Market- Ecosystem Analysis
Figure 2. SAM Formwork System Market: Impact Analysis of Drivers and Restraints
Figure 3. SAM Formwork System Market Revenue Forecast and Analysis (US$ Million)
Figure 4. SAM Formwork System Market Revenue Share, by Offering (2020 and 2028)
Figure 5. SAM Solutions: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 6. SAM Service: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 7. SAM Formwork System Market Revenue Share, by Material Used (2020 and 2028)
Figure 8. SAM Wood: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 9. SAM Metal: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Others: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM: Formwork System Market Revenue Share, By Key Country (2020 and 2028)
Figure 13. Brazil: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Argentina: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Rest of SAM: Formwork System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Impact of COVID-19 Pandemic in SAM Country Markets
- Brand Industrial Services, Inc.
- Doka GmbH
- EFCO Corp
- Encofrados Alsina
- FORSA SA.
- MEVA Schalungs-Systeme GmbH
- MFE Formwork Technology Sdn Bhd
- PERI GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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