Concrete Formwork Market Report 2026

Concrete Formwork Market Overview

• Concrete Formwork market size has reached to $7.81 billion in 2025 • Expected to grow to $10.08 billion in 2030 at a compound annual growth rate (CAGR) of 5.2% • Growth Driver: Rising Demand For Infrastructure Development Driving The Market Growth Due To Urbanization And Increasing Government Investment • Market Trend: Transforming Vertical Assembly With Next-Gen Panel Systems • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Concrete Formwork Market?

Concrete formwork refers to temporary or permanent molds used to hold freshly poured concrete in place until it hardens and gains sufficient strength. Its primary purpose is to shape the concrete structure according to design specifications while ensuring structural integrity and surface finish. The main types of concrete formwork include traditional timber formwork, engineered formwork systems, reusable plastic formwork, stay-in-place formwork, permanent insulated formwork, and others. Traditional timber formwork is a temporary structure made from wood that supports and shapes poured concrete until it hardens and gains sufficient strength. It is made of various materials such as wood, steel, aluminum, plastic, and others. Different accessories and components are used, including formwork ties, support systems, bracing, formwork accessories, and waterproofing systems. It is applied in various areas such as buildings, transportation, industrial facilities, and others, and end uses are in residential and non-residential.

What Is The Concrete Formwork Market Growth Forecast?

The concrete formwork market size is expected to see strong growth in the next few years. It will grow to $10.08 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing demand for lightweight composite formwork, rising integration of digital design tools, expansion of sustainable formwork materials, growth in automated construction technologies, development of advanced stay-in-place formwork systems. Major trends in the forecast period include integration of AI-powered formwork design and planning, advancement of automated formwork fabrication systems, expansion of sustainable reusable formwork materials, adoption of smart sensor-enabled formwork monitoring, growth of digital project management and simulation platforms.

What Is The Driver Of The Concrete Formwork Market?

The rising demand for infrastructure development is expected to propel the growth of the concrete formwork market going forward. Infrastructure development refers to the construction and enhancement of foundational facilities such as roads, bridges, tunnels, airports, and public buildings that support economic and social activities. Urbanization is increasing the demand for infrastructure development as cities require expanded transportation, housing, and public utilities to accommodate growing populations. Concrete formwork is used in infrastructure to shape and support poured concrete structures such as bridges, tunnels, highways, and foundations until they gain sufficient strength. For instance, in February 2024, according to the Infrastructure and Projects Authority, a UK-based government agency, £164 ($214.18) billion planned investment in major infrastructure and construction projects for 2024/25 exceeds that of 2023/24. Over the next decade, total projected investments are estimated to reach between £700 ($914.16) billion and £775 ($1012.11) billion. Therefore, the rising demand for infrastructure development is driving the growth of the concrete formwork industry.

Key Players In The Global Concrete Formwork Market

Major companies operating in the concrete formwork market are PERI Group, Kumkang Kind Co. Ltd., Knest Aluform, Aluma Systems, ULMA Group, MEVA Formwork Systems, Form Tech, Condor S.p.A., Winntus Formwork Pvt. Ltd, MFE Formwork Technology Sdn Bhd, Constro Systems, German Formwork Technology GmbH, GETO AG, PASCHAL group, TMS Formwork And Scaffolding Systems Pvt. Ltd., Acrow Formwork Technology, Farina Formworks, Finomax Scaffolding I Pvt. Ltd., Anshteich Formwork Systems Pvt Ltd, Mayra Aluminium Formwork.

Global Concrete Formwork Market Trends and Insights

Major companies operating in the concrete formwork market are focusing on developing innovative formwork solutions such as the imperial formwork system to enhance construction efficiency, reduce labor costs, and improve structural precision. The imperial formwork system is a modular and reusable formwork solution designed to streamline concrete construction by offering high strength, accuracy, and ease of assembly for walls, slabs, and columns. For instance, in January 2025, PERI Formwork Systems Inc., a Germany-based provider of formwork and scaffolding solutions, announced the launch of the SKYFLEX system, featuring an imperial 8’x8’ grid beam configuration designed to enhance efficiency, safety, and speed on the jobsite. Its larger bay sizes require fewer props, significantly improving deck productivity, while the patented six-way drophead enables early striking and safer operations, allowing workers to perform tasks from within the slab interior and primarily from the ground, especially near cantilevered edges. Additionally, PERI introduced LEVO, its first fully imperial lightweight wall formwork system, featuring a 9’x3’ panel weighing just 6.6 lbs/sq ft. Purpose-built for the U.S. market, LEVO offers easy handling, improved transportation logistics, and simplified vertical assembly while maintaining durability and high-performance standards.

What Are Latest Mergers And Acquisitions In The Concrete Formwork Market?

In May 2025, Superior Concrete Products, a US-based manufacturer of decorative precast concrete wall and fencing systems, acquired Advanced Forming Technologies (AFTEC) for an undisclosed amount. With this acquisition, MAG Capital Partners aims to expand Superior Concrete Products’ offerings and geographic presence to capitalize on growing demand from data centers, infrastructure, and new construction projects. Advanced Forming Technologies (AFTEC) is a US-based designer and manufacturer of precast concrete wall-forming systems.

What Defines the Concrete Formwork Market?

The concrete formwork market consists of sales of engineered formwork systems, reusable plastic and timber formwork, permanent insulated formwork, modular formwork, slipform systems, and climbing formwork. These offerings support efficient, safe, and sustainable construction across residential, commercial, and infrastructure sectors. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in theConcrete Formwork Market Report 2026?

The concrete formwork market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the concrete formwork industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.