Global formwork market is expected to reach 8928.35 million USD by 2022

Global formwork market is expected to reach 8928.35 million USD by 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch Formwork is a structure, usually temporary, used to contain poured concrete and to mold it to the required dimensions and support until it is able to support itself. It consists primarily of the face contact material and the bearers that directly support the face contact material.

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QYResearch The formwork is expected to grow at a CAGR of 1.5% from 8181.67 million USD in 2016 to reach 8928.35 million USD by 2022 in global market. The formwork market is very fragmented market; the revenue of top thirty eleven manufacturers accounts about 43% of the total revenue in 2016. The high-end products mainly come from USA and Europe.

The leading manufactures mainly are PERI, Doka, BEIS, ULMA and Alsina. PERI is the largest manufacturer; its revenue of global market exceeds 13% in 2016. The next is Doka and BEIS.

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There are mainly four type product of formwork: timber formwork, steel formwork, aluminum formwork and other. Timber formwork accounts the largest proportion.

Geographically, the global formwork market has been segmented into China, Europe, North America, Japan & Korea, India, Philippines, South America and other. The Europe held the largest share in the global formwork production market, its revenue of global market exceeds 31% in 2016.

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