Wooden Formwork Systems Market Report 2025

The wooden formwork system market size has grown strongly in recent years. It will grow from $6.45 billion in 2024 to $6.93 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to the increase in global construction activity, expansion of rural infrastructure, rising demand for temporary structures in concrete works, accelerating urbanization, and the growth of small and medium construction firms.

The wooden formwork system market size is expected to see strong growth in the next few years. It will grow to $9.09 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to the increasing adoption of modular and reusable wooden formwork systems, rising demand from infrastructure projects, expansion in commercial and industrial construction activities, and growing awareness about minimizing construction waste. Key trends during the forecast period include hybrid formwork systems, lightweight engineered wood innovations, software-assisted formwork planning, rapid formwork assembly systems, and the use of modular and prefabricated formwork panels.

The growth of the wooden formwork systems market is expected to be driven by the rise in construction activities moving forward. Construction activities encompass the processes involved in building, assembling, or modifying structures, infrastructure, or other physical facilities. These activities are increasing due to accelerating urbanization, which fuels demand for new residential, commercial, and infrastructure projects. Wooden formwork systems aid construction by providing a cost-effective, flexible, and easily adaptable method for shaping and supporting concrete structures during the building process. For example, in May 2025, the Office for National Statistics (ONS), a UK-based independent producer of official statistics and the recognized national statistical institute, reported a significant 26.6% increase in total construction new orders in the first quarter of 2025 compared to the fourth quarter of 2024. Thus, the rise in construction activities is fueling the growth of the wooden formwork systems market.

Significant investments in infrastructure are expected to drive the growth of the wooden formwork systems market in the coming period. Infrastructure investments involve allocating capital toward the development, maintenance, and enhancement of essential systems such as transportation, energy, water, and communications. These investments foster economic growth, increase productivity, and improve public service delivery. The need to upgrade aging energy systems for better efficiency and sustainability is a major factor behind these substantial investments. Such investments elevate the demand for wooden formwork systems, which are crucial for shaping and supporting concrete structures in large-scale construction projects. For example, in June 2025, the House of Commons Library, a UK-based research and information service for Members of Parliament (MPs), reported that market sector investment in UK infrastructure reached an estimated £13.8 billion ($17.3 billion) in 2023. A considerable share of this was allocated to the energy sector (£4.6 billion or $5.8 billion) and the mining and quarrying sector (£3.9 billion or $4.9 billion). Furthermore, government expenditure on core economic infrastructure was estimated at £26 billion ($32.6 billion) in 2022, representing 34% of total government investment and about 1% of the UK’s GDP. Hence, substantial infrastructure investments are fueling the growth of the wooden formwork systems market.

In January 2023, PERI Vertrieb Deutschland GmbH, a Germany-based company specializing in the distribution and engineering of formwork and scaffolding systems, acquired Implenia Schalungsbau GmbH for an undisclosed sum. This acquisition aims to enhance PERI’s engineering and special formwork capabilities to address the rising demand in the infrastructure and high-rise construction sectors. Implenia Schalungsbau GmbH, based in Germany, specializes in designing and manufacturing wooden formwork systems.

Major players in the wooden formwork systems market are Doka GmbH, PERI SE, Kumkang Kind Co. Ltd., Acrow Formwork Technology, Tianjin Wellmade Scaffold Co. Ltd., Alsina Group, ULMA Construction, MEVA Schalungs‑Systeme GmbH, Urtim Formwork & Scaffolding Systems, GHI Formwork & Scaffolding, Zulin Formwork & Scaffolding Co. Ltd., Pilosio S.p.A., PASCHAL‑Werk G. Maier GmbH, Condor S.p.A., SureBuilt, Winntus Formwork Pvt. Ltd, Outinord, TECON Formwork and Scaffolding Engineering Co. Ltd., Nav Nirman Formwork Systems Private Limited, and Sanki Formwork Industry.

Asia-Pacific was the largest region in the wooden formwork systems market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in wooden formwork systems report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wooden formwork systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

A wooden formwork system is a temporary mold constructed from timber panels and supporting frames, designed to shape and hold wet concrete until it solidifies into the desired structure. It is appreciated for its low initial cost, easy adaptability for small-to-medium or intricate projects, and lightweight handling, although it is less durable and less reusable compared to steel or plastic alternatives.

The primary categories of wooden formwork systems include panel formwork and column formwork. Wood panel formwork is a temporary structure made of flat wooden panels used to shape and support poured concrete until it sets. These systems come in various types such as China fir, timber, pine wood, and plywood. They are available in different sizes and configurations, including standard size formworks, custom size formworks, modular formwork systems, and integrated formwork systems. Wooden formwork finds application in areas such as residential construction, commercial construction, infrastructure projects, and industrial construction, serving end users such as construction firms, architectural and design firms, real estate developers, government and municipal authorities, and others.

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

The wooden formwork system market consists of sales of plywood sheets, timber planks, walers, chamfer strips, and release agents. 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 their creators.

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.

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