Market Size of Global Wooden Formwork Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Wooden Formwork Systems Market Analysis
The global market for wooden formwork systems is expected to register a CAGR of greater than 5% during the forecast period.
- The COVID-19 outbreak caused a lot of problems in real estate and building construction, especially with the hardware used in formwork systems.The lockdowns that were put in place to stop the spread of the virus slowed down the construction supply chain.This hurt the market for wooden formwork systems, which led to less demand and less money for companies in the market.
- Most of this growth is due to more money being put into infrastructure projects and more construction projects being started.Formwork systems made of wood are used to control the shape and size of buildings as they are being built or rebuilt.These systems are composed of a number of different parts, including forms, clamps, joints, and supports. Most wooden formwork systems are made of wood because it is strong enough to stand up to the forces that are put on it during construction but also flexible enough to fit the shapes of buildings.Wooden formwork is more in use because plywood and wood shutters are cheaper and more accessible.
- Wooden formwork systems, also called scaffolds or catwalks, are made from wooden boards and timbers to make temporary or permanent walkways or scaffolds. The formwork can be used to protect workers from the sky and help them get up safely on a surface that needs to be built, like repointing the bricks in a building's wall or covering pipes while doing utility work, etc.
- China fir is the most popular type of slide on the market because it stays the same size and doesn't let water in. But the market for slides made of wood is growing faster because there is more demand from the building industry. The market for pine wood slide types is expected to grow at a slower pace as compared to other slide types due to a lack of awareness among buyers about its advantages. In terms of geography, North America leads the slide-type market, then Europe. Asia Pacific is expected to witness the fastest growth rate in the next few years owing to increased demand from countries such as India and China.
