Mivan Construction Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Construction Type, By Application, By Formwork, By Component, By Region, By Competition, 2020-2030F

Description

The Global Mivan Construction Market was valued at USD 3.71 Billion in 2024 and is projected to reach USD 6.71 Billion by 2030, growing at a CAGR of 10.22% during the forecast period. Mivan construction refers to a modern building method utilizing aluminum formwork systems for casting entire concrete structures in a fast, uniform, and efficient manner. This technique is gaining traction due to its speed, precision, and reusability, especially in large-scale projects such as residential complexes, commercial buildings, and infrastructure developments. Known for delivering consistent structural quality with reduced labor and construction time, Mivan technology is being increasingly adopted in rapidly urbanizing regions where there is a pressing demand for high-density housing and infrastructure. Its ability to deliver high durability and cost savings over multiple uses has made it a preferred alternative to conventional construction methods in time-sensitive, large-volume projects.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 3.71 Billion
Market Size 2030	USD 6.71 Billion
CAGR 2025-2030	10.22%
Fastest Growing Segment	Renovation
Largest Market	North America

Key Market Drivers

Accelerated Urbanization and Infrastructure Demand

Rapid urbanization across emerging economies such as India, China, and Vietnam is significantly boosting demand for fast, scalable construction techniques. Mivan technology enables the construction of a single floor in as little as seven days, providing a practical solution to the growing need for urban housing and infrastructure. In high-growth metropolitan cities like Mumbai, Delhi, Pune, and Bangalore, the use of Mivan construction has become instrumental in addressing tight timelines and bridging the housing deficit. As per the United Nations, 57.3% of the global population resided in urban areas as of 2023-a figure expected to rise to 68% by 2050, with nearly 90% of this growth occurring in Asia and Africa. The efficiency and scalability of Mivan technology are well-suited to meet the infrastructure demands posed by this accelerating urban expansion.

Key Market Challenges

High Initial Capital Investment

One of the main barriers to wider adoption of Mivan construction is the substantial upfront cost associated with aluminum formwork systems. Compared to traditional materials like timber or steel, aluminum formwork is significantly more expensive, which can deter small and mid-sized developers. Although the system offers cost efficiency over time through reusability, the high initial outlay for equipment, skilled labor, and training remains a challenge. The requirement for specialized tools and the logistical complexity of transporting large aluminum panels can further drive up project costs, especially in regions with underdeveloped infrastructure. These financial and logistical hurdles can limit the market's reach among budget-sensitive developers and regions.

Key Market Trends

Integration of Automation and Robotics in Mivan Construction

The adoption of automation and robotics in Mivan construction is emerging as a transformative trend aimed at improving efficiency and quality. Automated systems are increasingly being used in formwork assembly, concrete pouring, and surface finishing, reducing dependency on manual labor and minimizing construction errors. Robotics can achieve greater precision in executing complex architectural elements while enhancing safety and reducing on-site accidents. This integration is enabling developers to streamline operations, meet tight deadlines, and deliver consistent structural quality. The trend reflects a broader industry shift toward digital transformation and smart construction technologies, reinforcing Mivan construction's reputation for innovation and performance.

Key Market Players

Mivan Ltd
PERI SE Formwork Scaffolding Engineering
Altrad RMD Kwikform
Doka India Pvt. Ltd.
Larsen & Toubro Limited
Fluor Corporation
Daiwa House Industry Co., Ltd.
ATCO Ltd.

Report Scope

In this report, the Global Mivan Construction Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Mivan Construction Market, By Construction Type:

New Construction
Renovation

Mivan Construction Market, By Application:

Residential Construction
Commercial Construction
Industrial Construction

Mivan Construction Market, By Formwork:

Single-Use Formwork
Reusable Formwork

Mivan Construction Market, By Component:

Wall Component
Beam Components
Deck Components
Others

Mivan Construction Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Mivan Construction Market.

Available Customizations

Global Mivan Construction Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Mivan Construction Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Construction Type (New Construction, Renovation)
- 5.2.2. By Application (Residential Construction, Commercial Construction, Industrial Construction)
- 5.2.3. By Formwork (Single-Use Formwork, Reusable Formwork)
- 5.2.4. By Component (Wall Component, Beam Components, Deck Components, Others)
- 5.2.5. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Mivan Construction Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Construction Type
- 6.2.2. By Application
- 6.2.3. By Formwork
- 6.2.4. By Component
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Mivan Construction Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Construction Type
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By Formwork
    - 6.3.1.2.4. By Component
- 6.3.2. Canada Mivan Construction Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Construction Type
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By Formwork
    - 6.3.2.2.4. By Component
- 6.3.3. Mexico Mivan Construction Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Construction Type
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By Formwork
    - 6.3.3.2.4. By Component

7. Europe Mivan Construction Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Construction Type
- 7.2.2. By Application
- 7.2.3. By Formwork
- 7.2.4. By Component
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Mivan Construction Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Construction Type
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By Formwork
    - 7.3.1.2.4. By Component
- 7.3.2. United Kingdom Mivan Construction Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Construction Type
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By Formwork
    - 7.3.2.2.4. By Component
- 7.3.3. Italy Mivan Construction Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Construction Type
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By Formwork
    - 7.3.3.2.4. By Component
- 7.3.4. France Mivan Construction Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Construction Type
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By Formwork
    - 7.3.4.2.4. By Component
- 7.3.5. Spain Mivan Construction Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Construction Type
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By Formwork
    - 7.3.5.2.4. By Component

8. Asia-Pacific Mivan Construction Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Construction Type
- 8.2.2. By Application
- 8.2.3. By Formwork
- 8.2.4. By Component
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Mivan Construction Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Construction Type
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By Formwork
    - 8.3.1.2.4. By Component
- 8.3.2. India Mivan Construction Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Construction Type
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By Formwork
    - 8.3.2.2.4. By Component
- 8.3.3. Japan Mivan Construction Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Construction Type
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By Formwork
    - 8.3.3.2.4. By Component
- 8.3.4. South Korea Mivan Construction Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Construction Type
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By Formwork
    - 8.3.4.2.4. By Component
- 8.3.5. Australia Mivan Construction Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Construction Type
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By Formwork
    - 8.3.5.2.4. By Component

9. South America Mivan Construction Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Construction Type
- 9.2.2. By Application
- 9.2.3. By Formwork
- 9.2.4. By Component
- 9.2.5. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Mivan Construction Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Construction Type
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By Formwork
    - 9.3.1.2.4. By Component
- 9.3.2. Argentina Mivan Construction Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Construction Type
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By Formwork
    - 9.3.2.2.4. By Component
- 9.3.3. Colombia Mivan Construction Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Construction Type
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By Formwork
    - 9.3.3.2.4. By Component

10. Middle East and Africa Mivan Construction Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Construction Type
- 10.2.2. By Application
- 10.2.3. By Formwork
- 10.2.4. By Component
- 10.2.5. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Mivan Construction Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Construction Type
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By Formwork
    - 10.3.1.2.4. By Component
- 10.3.2. Saudi Arabia Mivan Construction Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Construction Type
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By Formwork
    - 10.3.2.2.4. By Component
- 10.3.3. UAE Mivan Construction Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Construction Type
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By Formwork
    - 10.3.3.2.4. By Component
- 10.3.4. Kuwait Mivan Construction Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Construction Type
    - 10.3.4.2.2. By Application
    - 10.3.4.2.3. By Formwork
    - 10.3.4.2.4. By Component
- 10.3.5. Turkey Mivan Construction Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Construction Type
    - 10.3.5.2.2. By Application
    - 10.3.5.2.3. By Formwork
    - 10.3.5.2.4. By Component

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Mivan Ltd
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. PERI SE Formwork Scaffolding Engineering
13.3. Altrad RMD Kwikform
13.4. Doka India Pvt. Ltd.
13.5. Larsen & Toubro Limited
13.6. Fluor Corporation
13.7. Daiwa House Industry Co., Ltd.
13.8. ATCO Ltd.