Aluminum Formwork Market Size and Forecast 2021-2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Offering, Type, Application, and Geography

List of Tables

The aluminum formwork market size was valued at US$ 5.64 billion in 2024 and is expected to reach US$ 8.18 billion by 2031; it is estimated to record a CAGR of 5.6% from 2025 to 2031.

Market expansion in North America and Europe is fueled by the existence of several manufacturers and suppliers in these regions. Well-known businesses that specialize in construction formwork solutions promote innovation in aluminum formwork systems and fortify the supply chain.

The need for aluminum formwork is increased in the Asia Pacific region by the construction industry's explosive growth. In 2024, Indonesia unveiled its largest-ever infrastructure budget of US$26.48 billion for road, commercial, and residential development, while the Philippines' NLEX Corporation announced three new infrastructure projects. There are now around 155 airports and airport-related projects throughout Asia, totaling US$ 209 billion in investment. Among the noteworthy projects is Vietnam's Long Thanh International Airport, which is anticipated to be finished by the end of 2025 and will receive an investment of $14.5 billion USD. In addition, Terminal 5 at Changi Airport in Singapore is slated to be expanded for US$10 billion by 2030.

The growth of energy, electricity, and pipeline infrastructure in the Middle East and Africa is being driven by the rising demand for energy, natural gas, and crude oil across a number of industries. The utilization of aluminum formwork systems, which are valued for their lightweight, robust, and simple assembly in challenging construction scenarios, is increased by this expansion of infrastructure development. Rapid urbanization encourages the use of contemporary construction technology, such as aluminum formwork, and speeds up residential and commercial infrastructure projects.

The market for aluminum formwork in South and Central America is expected to expand due to increased energy demand brought on by industrialization and population development. Both domestic and foreign enterprises operate in the gas sector, and infrastructure development is facilitated by alliances between national oil companies and multinational corporations. Exxon revealed plans for a US$12.93 billion offshore oil project in Guyana in August 2023, which is anticipated to boost building activity. Large-scale industrial and infrastructural projects benefit from the efficiency and sustainability of aluminum formwork systems, which are made possible by these advancements.

The continuous growth of the building industry encourages the use of aluminum formwork systems, which are more effective, long-lasting, and have quicker production cycles than conventional techniques.

The significance of safe construction techniques is emphasized by labor regulations and health and safety legislation in the United States and Canada. Because of their standardized parts and simplicity of assembly, aluminum formwork systems assist lower site risks and enhance worker safety while still meeting legal requirements and gaining traction. New water and wastewater facilities at Fraser Lake, Bums Lake, and the District of Mackenzie will be funded by a US$10 million municipal infrastructure project announced by the Canadian and British Columbian governments in October 2023.

Cosmos Construction Machineries and Equipments Pvt Ltd, IHITA FORMWORKS, Knest Manufacturers LLP, Technokraft industries (India) private Ltd., MFE Formwork Technology Sdn Bhd, EFCO Corp, MEVA Schalungs-Systeme GmbH, PERI GmbH, Doka GmbH, PASCHAL-Werk G., and Maier GmbH are among the key global aluminum formwork market players that are profiled in this market study.

The overall global aluminum formwork market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the global aluminum formwork market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global aluminum formwork market.

Product Code: TIPRE00041003

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. Aluminium Formwork Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 End Users:
- 4.3.4 List of Vendors in the Value Chain

5. Aluminium Formwork Market - Key Market Dynamics

5.1 Aluminium Formwork Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Urbanization and the Rising Demand for Residential Construction
- 5.2.2 Rising Preference for Aluminum Formwork Systems
- 5.2.3 Development of Industrial Sector
5.3 Market Restraints
- 5.3.1 Presence of Alternative Products
5.4 Market Opportunities
- 5.4.1 Growing Investments in the Retail Sector
5.5 Future Trends
- 5.5.1 Growing Adoption of Sustainable Construction Practices
5.6 Impact of Drivers and Restraints:

6. Aluminium Formwork Market - Global Market Analysis

6.1 Aluminium Formwork Market Revenue (US$ Billion), 2021-2031
6.2 Aluminium Formwork Market Forecast Analysis

7. Aluminium Formwork Market Analysis - by Offering

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)

8. Aluminium Formwork Market Analysis - by Type

8.1 Slab Formwork
- 8.1.1 Overview
- 8.1.2 Slab Formwork: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
8.2 Wall Formwork
- 8.2.1 Overview
- 8.2.2 Wall Formwork: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
8.3 Corner Formwork
- 8.3.1 Overview
- 8.3.2 Corner Formwork: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
8.4 Beam Formwork
- 8.4.1 Overview
- 8.4.2 Beam Formwork: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)

9. Aluminium Formwork Market Analysis - by Application

9.1 Industrial
- 9.1.1 Overview
- 9.1.2 Industrial: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
9.2 Residential
- 9.2.1 Overview
- 9.2.2 Residential: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)
9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: Aluminium Formwork Market - Revenue and Forecast to 2031 (US$ Billion)

10. Aluminium Formwork Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America Aluminium Formwork Market Overview
- 10.2.2 North America: Aluminium Formwork Market - Revenue, 2021-2031 (US$ Billion)
- 10.2.3 North America: Aluminium Formwork Market Breakdown, by Offering
  - 10.2.3.1 North America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Offering
- 10.2.4 North America: Aluminium Formwork Market Breakdown, by Type
  - 10.2.4.1 North America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Type
- 10.2.5 North America: Aluminium Formwork Market Breakdown, by Application
  - 10.2.5.1 North America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Application
- 10.2.6 North America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.1 North America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.2 United States: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.2.6.2.1 United States: Aluminium Formwork Market Breakdown, by Offering
    - 10.2.6.2.2 United States: Aluminium Formwork Market Breakdown, by Type
    - 10.2.6.2.3 United States: Aluminium Formwork Market Breakdown, by Application
  - 10.2.6.3 Canada: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.2.6.3.1 Canada: Aluminium Formwork Market Breakdown, by Offering
    - 10.2.6.3.2 Canada: Aluminium Formwork Market Breakdown, by Type
    - 10.2.6.3.3 Canada: Aluminium Formwork Market Breakdown, by Application
  - 10.2.6.4 Mexico: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.2.6.4.1 Mexico: Aluminium Formwork Market Breakdown, by Offering
    - 10.2.6.4.2 Mexico: Aluminium Formwork Market Breakdown, by Type
    - 10.2.6.4.3 Mexico: Aluminium Formwork Market Breakdown, by Application
10.3 Europe
- 10.3.1 Europe Aluminium Formwork Market Overview
- 10.3.2 Europe: Aluminium Formwork Market - Revenue, 2021-2031 (US$ Billion)
- 10.3.3 Europe: Aluminium Formwork Market Breakdown, by Offering
  - 10.3.3.1 Europe: Aluminium Formwork Market - Revenue and Forecast Analysis - by Offering
- 10.3.4 Europe: Aluminium Formwork Market Breakdown, by Type
  - 10.3.4.1 Europe: Aluminium Formwork Market - Revenue and Forecast Analysis - by Type
- 10.3.5 Europe: Aluminium Formwork Market Breakdown, by Application
  - 10.3.5.1 Europe: Aluminium Formwork Market - Revenue and Forecast Analysis - by Application
- 10.3.6 Europe: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.1 Europe: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.2 Germany: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.2.1 Germany: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.2.2 Germany: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.2.3 Germany: Aluminium Formwork Market Breakdown, by Application
  - 10.3.6.3 France: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.3.1 France: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.3.2 France: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.3.3 France: Aluminium Formwork Market Breakdown, by Application
  - 10.3.6.4 Italy: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.4.1 Italy: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.4.2 Italy: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.4.3 Italy: Aluminium Formwork Market Breakdown, by Application
  - 10.3.6.5 United Kingdom: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.5.1 United Kingdom: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.5.2 United Kingdom: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.5.3 United Kingdom: Aluminium Formwork Market Breakdown, by Application
  - 10.3.6.6 Russia: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.6.1 Russia: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.6.2 Russia: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.6.3 Russia: Aluminium Formwork Market Breakdown, by Application
  - 10.3.6.7 Rest of Europe: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.3.6.7.1 Rest of Europe: Aluminium Formwork Market Breakdown, by Offering
    - 10.3.6.7.2 Rest of Europe: Aluminium Formwork Market Breakdown, by Type
    - 10.3.6.7.3 Rest of Europe: Aluminium Formwork Market Breakdown, by Application
10.4 Asia Pacific
- 10.4.1 Asia Pacific Aluminium Formwork Market Overview
- 10.4.2 Asia Pacific: Aluminium Formwork Market - Revenue, 2021-2031 (US$ Billion)
- 10.4.3 Asia Pacific: Aluminium Formwork Market Breakdown, by Offering
  - 10.4.3.1 Asia Pacific: Aluminium Formwork Market - Revenue and Forecast Analysis - by Offering
- 10.4.4 Asia Pacific: Aluminium Formwork Market Breakdown, by Type
  - 10.4.4.1 Asia Pacific: Aluminium Formwork Market - Revenue and Forecast Analysis - by Type
- 10.4.5 Asia Pacific: Aluminium Formwork Market Breakdown, by Application
  - 10.4.5.1 Asia Pacific: Aluminium Formwork Market - Revenue and Forecast Analysis - by Application
- 10.4.6 Asia Pacific: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.1 Asia Pacific: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.2 Australia: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.2.1 Australia: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.2.2 Australia: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.2.3 Australia: Aluminium Formwork Market Breakdown, by Application
  - 10.4.6.3 China: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.3.1 China: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.3.2 China: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.3.3 China: Aluminium Formwork Market Breakdown, by Application
  - 10.4.6.4 India: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.4.1 India: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.4.2 India: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.4.3 India: Aluminium Formwork Market Breakdown, by Application
  - 10.4.6.5 Japan: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.5.1 Japan: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.5.2 Japan: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.5.3 Japan: Aluminium Formwork Market Breakdown, by Application
  - 10.4.6.6 South Korea: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.6.1 South Korea: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.6.2 South Korea: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.6.3 South Korea: Aluminium Formwork Market Breakdown, by Application
  - 10.4.6.7 Rest of APAC: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.4.6.7.1 Rest of APAC: Aluminium Formwork Market Breakdown, by Offering
    - 10.4.6.7.2 Rest of APAC: Aluminium Formwork Market Breakdown, by Type
    - 10.4.6.7.3 Rest of APAC: Aluminium Formwork Market Breakdown, by Application
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa Aluminium Formwork Market Overview
- 10.5.2 Middle East and Africa: Aluminium Formwork Market - Revenue, 2021-2031 (US$ Billion)
- 10.5.3 Middle East and Africa: Aluminium Formwork Market Breakdown, by Offering
  - 10.5.3.1 Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast Analysis - by Offering
- 10.5.4 Middle East and Africa: Aluminium Formwork Market Breakdown, by Type
  - 10.5.4.1 Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast Analysis - by Type
- 10.5.5 Middle East and Africa: Aluminium Formwork Market Breakdown, by Application
  - 10.5.5.1 Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast Analysis - by Application
- 10.5.6 Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.1 Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.2 South Africa: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.5.6.2.1 South Africa: Aluminium Formwork Market Breakdown, by Offering
    - 10.5.6.2.2 South Africa: Aluminium Formwork Market Breakdown, by Type
    - 10.5.6.2.3 South Africa: Aluminium Formwork Market Breakdown, by Application
  - 10.5.6.3 Saudi Arabia: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.5.6.3.1 Saudi Arabia: Aluminium Formwork Market Breakdown, by Offering
    - 10.5.6.3.2 Saudi Arabia: Aluminium Formwork Market Breakdown, by Type
    - 10.5.6.3.3 Saudi Arabia: Aluminium Formwork Market Breakdown, by Application
  - 10.5.6.4 United Arab Emirates: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.5.6.4.1 United Arab Emirates: Aluminium Formwork Market Breakdown, by Offering
    - 10.5.6.4.2 United Arab Emirates: Aluminium Formwork Market Breakdown, by Type
    - 10.5.6.4.3 United Arab Emirates: Aluminium Formwork Market Breakdown, by Application
  - 10.5.6.5 Rest of Middle East and Africa: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.5.6.5.1 Rest of Middle East and Africa: Aluminium Formwork Market Breakdown, by Offering
    - 10.5.6.5.2 Rest of Middle East and Africa: Aluminium Formwork Market Breakdown, by Type
    - 10.5.6.5.3 Rest of Middle East and Africa: Aluminium Formwork Market Breakdown, by Application
10.6 South and Central America
- 10.6.1 South and Central America Aluminium Formwork Market Overview
- 10.6.2 South and Central America: Aluminium Formwork Market - Revenue, 2021-2031 (US$ Billion)
- 10.6.3 South and Central America: Aluminium Formwork Market Breakdown, by Offering
  - 10.6.3.1 South and Central America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Offering
- 10.6.4 South and Central America: Aluminium Formwork Market Breakdown, by Type
  - 10.6.4.1 South and Central America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Type
- 10.6.5 South and Central America: Aluminium Formwork Market Breakdown, by Application
  - 10.6.5.1 South and Central America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Application
- 10.6.6 South and Central America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.1 South and Central America: Aluminium Formwork Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.2 Brazil: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.6.6.2.1 Brazil: Aluminium Formwork Market Breakdown, by Offering
    - 10.6.6.2.2 Brazil: Aluminium Formwork Market Breakdown, by Type
    - 10.6.6.2.3 Brazil: Aluminium Formwork Market Breakdown, by Application
  - 10.6.6.3 Argentina: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.6.6.3.1 Argentina: Aluminium Formwork Market Breakdown, by Offering
    - 10.6.6.3.2 Argentina: Aluminium Formwork Market Breakdown, by Type
    - 10.6.6.3.3 Argentina: Aluminium Formwork Market Breakdown, by Application
  - 10.6.6.4 Rest of World: Aluminium Formwork Market - Revenue and Forecast, 2021-2031 (US$ Billion)
    - 10.6.6.4.1 Rest of World: Aluminium Formwork Market Breakdown, by Offering
    - 10.6.6.4.2 Rest of World: Aluminium Formwork Market Breakdown, by Type
    - 10.6.6.4.3 Rest of World: Aluminium Formwork Market Breakdown, by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Market Concentration, 2024

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Cosmos Construction Machineries And Equipments Pvt Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
13.2 IHITA FORMWORKS
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
13.3 Knest Manufacturers LLP
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Technokraft industries (India) private Ltd.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
13.5 MFE Formwork Technology Sdn Bhd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 EFCO Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
13.7 MEVA Schalungs-Systeme GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
13.8 PERI GmbH
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Doka GmbH
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 PASCHAL-Werk G. Maier GmbH
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners