|Fastest Growing Market:||Asia-Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The Global Wooden Formwork Systems Market is expected to register a CAGR of over 5% during the forecast period.
The COVID-19 outbreak has severely disrupted the real estate and construction of building structures, including the hardware component of formwork systems. Lockdown scenarios due to this crisis have led the construction industry experts to analyze that the industry would face at least a quarter of lag in the construction equipment supply chain. This disruption is expected to create tremors till mid-2021. The manufacturing and construction industry will likely pick up the pace soon after the global governments steadily lift the various containment measures to revive the economy. The construction of housing and commercial projects is anticipated to increase from 2022, further foreseeing bolstering the construction equipment manufacturing, including hardware components of formwork systems.
Wooden formwork is a way of constructing residential, industrial, and commercial buildings with wood. Wood frames are utilized to construct various building types, and there are no limitations to the architectural possibilities when the wood is utilized as the medium. The components of a wood framing system are made of wood. Build a structural frame; this framework consists of floor joists, studded walls, and other wooden components.
They are used more frequently because plywood and wood shutters are less expensive and more readily accessible, so they are used more frequently. Factors such as the ease of making wooden shutters compared to other materials and the lower labor cost compared to the purchase of reusable formwork material mean that these systems are suited for small-scale projects.
Wooden formwork includes beam formworks, climbing formworks, staircase shuttering, flexible formwork, construction of roads with concrete, and metallic shuttering. Among all the possible formwork materials, timber formwork is one of the most regularly adopted. This material allows on-site manufacture of desired size & form and is simple to work within the construction industry. Plywood and timber have various advantages, such as easy availability, cost-effectiveness, and high strength.
Asia Pacific Wooden Formwork Market will lead the regional demand. Increased construction spending owing to new building structures and refurbishment of old ones will stimulate regional industry growth. Easy construction, de-construction, and handling due to its light weight are key success factors to drive the demand. Moreover, compared to other traditional methods, cost-effectiveness has instigated product penetration in China, India, and Japan.
Scope of the Report
The Wooden Formwork is a temporary mold used in concrete constructions. It is the base structure used to develop the final framework of a building, which helps maintain shape and stability. The global wooden formwork systems market is segmented by Slide Type (China Fir, Timber, Pine Wood, and Ply Wood), by Application (Buildings, Transportation, and Industrial Facilities), and by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and The Rest of the World). The report offers market size and forecasts for the Global Wooden Formwork Systems MArket in value (USD Billion) for all the above segments.
|By Slide Type|
|Middle-East and Africa|
|Rest of the World|
Key Market Trends
wooden formwork proven to be a better choice in construction industry.
Wooden formwork is proved to be a better substitute in the construction sector. Increasing inclination toward energy-efficient solutions which require fewer resources and deliver more productivity has positively swayed the product demand in the building sector.
These materials are lightweight and easy to handle during construction, resulting in high turnaround time and improving overall competence. Higher tensile strength, stability, and longevity than non-timber structures will stimulate the wooden formwork market growth. Steel and metal are two conservative substitutes available in the industry. However, due to their limited efficiency during the concrete pouring process, the engineers prefer to use timber structures to form walls, floors, and pavements.
The timber formwork is commonly used in comparison to other substances along with steel, aluminum, plastic, and cloth. The wooden formwork is substantially utilized in construction from traditional instances; as a consequence is the oldest type of shape in the production industry. The plywood and wooden shuttering are to be had at a less expensive fee and are without difficulty accessible, which makes their usage more frequently. Factors aside, the wooden shuttering is easy to make compared to different substances, and labor price is less compared to procurement of reusable formwork cloth. Therefore, those systems are suitable for small-scale challenges. Climbing formwork, beam formworks, flexible formwork, staircase shuttering, slab formwork, production of concrete roads, and helping steel shuttering are most of the packages of wood formwork in concrete.
In the commercial sector, building hotels and resorts in the countryside will promote industry expansion. These structures are highly efficient in making villas and independent housing owing to their optimum flexibility and lightweight.
To understand key trends, Download Sample Report
Pine Wood is expected to lead the market share in the Wooden Formworks
China fir, pine wood, and plywood are key identified types in the wooden formwork market. Pine is expected to lead the market share in the type segment. It is a coniferous timber easily available and has high acceptance in making structures and frames. Cost-effectiveness, high strength, and easy availability are key success factors driving the demand for the pine wood structure.
Benefits and meeting requirements such as well seasoned, lightweightness, fewer chances of splitting nails, and absence of loose knots will result in high demand. The other key advantage associated with these structures is their improved energy consumption. Less energy is required to put concrete in a structure which may result in high efficiency. Thus, the adoption of wooden formwork in buildings and industrial facilities is used to attain maximum productivity.
Pinewood combines the structural strength of the timber from which it is manufactured with the properties obtained from its laminated design. Cross-graining allows the sheet to resist splitting and provides uniform strength for increased stability.
To understand geography trends, Download Sample Report
The global wooden formwork systems market is fragmented and highly competitive. Competition and pricing have increased strongly, and new investors and developers have entered the market. Moreover, both the demand and supply of wooden formworks are increasing. Some key players operating in the market include Doka, PERI, ULMA, Acro, The Heico Companies LLC, MEVA Systems INC, etc.
June 2022: Only a few kilometers from the South Korean capital Seoul, two new 140 m high luxury residential towers were built under strict safety requirements and tight construction time. PERI met the demand for efficient construction and low personnel costs with the new and innovative RCS MAX Rail Climbing System. A premiere because RCS MAX was used here for the first time on South Korean soil. Eighty-four consoles and hydraulic units were supplied for constructing the two residential towers, each offering space for 351 residential units on 40 stories. The RCS MAX Rail Climbing System scored with an innovative climbing process, clever safety features, and a particularly easy assembly of the climbing consoles.
February 2022: ULMA Packaging goes one step further in the technological innovation of a TFE 700 thermoforming machine installed in Vygon (Germany), which features product control systems that use computer vision for sealing quality, coding, labeling, and completeness control. Vygon has become synonymous with quality and reliability in single-use medical and surgical devices. Vygon designs, manufactures, and sells high-tech medical devices for healthcare professionals. It is a global leader in this industry and provides a wide range of products organized into five business units for different medical specialties.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.3 Value Chain / Supply Chain Analysis
4.4 Industry Policies and Regulations
4.5 Technological Developments in the Sector
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Slide Type
5.1.1 China Fir
5.1.3 Pine Wood
5.1.4 Ply Wood
5.2 By Application
5.2.3 Industrial Facilities
5.3 By Geography
5.3.1 North America
5.3.4 Middle-East and Africa
5.3.5 Rest of the World
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.5 The Heico Companies LLC
6.2.7 Alsina Group
6.2.8 MFE Formwork Technology Sdn.Bhd
6.2.9 Urtim Formwork and Scaffolding Systems
6.2.10 Waco International
6.2.11 MEVA Systems Inc
6.2.12 Sveza Holdings Ltd*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The Global Wooden Formwork Systems Market market is studied from 2018 - 2027.
What is the growth rate of Global Wooden Formwork Systems Market?
The Global Wooden Formwork Systems Market is growing at a CAGR of >5% over the next 5 years.
Which region has highest growth rate in Global Wooden Formwork Systems Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Wooden Formwork Systems Market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Global Wooden Formwork Systems Market?
Doka, PERI, ULMA, ACROW, The Heico Companies LLC are the major companies operating in Global Wooden Formwork Systems Market.