Formwork System Market Estimated to Flourish by 2027 Alsina Group, Doka GmbH, EFCO, FORSA S.A and MEVA Formwork Systems

(MENAFN- iCrowdNewsWire) Nov 4, 2019

Formwork are specially designed temporary or permanent molding structures that are utilized for holding wet cement or concrete materials prior settling into the infrastructure construction. Furthermore, based on requirement the multiple number of formwork based panels and structures are also applied for providing support for different infrastructure design and components along with scaffoldings.

Traditionally, wood based formwork systems were extensively popular however, other materials have also gained popularity in the past decade. The formwork have a significant large scope of application across construction of infrastructure development, residential building construction and commercial building construction across all geographical regions.

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Presently, factors such as rapid urbanization and increase in number of renovation and retrofitting based projects continue to provide numerous lucrative business opportunities for the market players operating in the market. Moreover, the significant surge in volume of on-going infrastructure and urbanization related construction projects across emerging economies is the major factor propelling the growth of the market during the coming years. Whereas, across developed economies such as U.S., Germany, UK, and Canada among other countries retrofitting and renovation activities are fueling the growth of the market during the forecast period. Thus, the market is poised to provide numerous profitable opportunities for the market players during the coming years.

Top Dominating Key Players:

1. Alsina Group
2. Doka GmbH
3. EFCO Corp.
4. FORSA S.A
5. MEVA Formwork Systems Inc.
6. MFE Formwork Technology Sdn Bhd
7. PERI GmbH
8. Sveza Holdings Ltd Sveza
9. TEMEC
10. The Heico Companies LLC

The global formwork system market is segmented on the basis of offerings and materials used. Based on offerings, the market is bifurcated into solutions and service. Further, by materials used the market is segmented into wood, metal, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global formwork system market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The formwork system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The report analyzes factors affecting formwork system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the formwork system market in these regions.

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