Gitnux/Report 2026

Formwork Industry Statistics

The global concrete formwork market is projected to reach $8.14 billion in 2026, explore the figures behind growth, companies, and trends.
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November 11, 2026Updated
Formwork Industry Statistics
Margot VilleneuveWritten by Margot Villeneuve·Edited by Maya Johansson·Fact-checked by Astrid Bergmann
Published ·Updated
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The formwork industry at a glance

The global concrete formwork market was valued at $7.88 billion in 2025 and is projected to reach $8.14 billion in 2026, supported by infrastructure, housing and industrial construction demand.

$7.88B[65]
Global market size, 2025
3.6%[65]
Forecast CAGR, 2026–2034
54.7%[65]
Asia-Pacific share, 2025
42%[66]
Top-five player share, 2025
Market size
The global concrete formwork market was valued at $7.88 billion in 2025, while the broader global formwork market was estimated at $8.55 billion in 2025. Differences reflect variations in market definitions, including whether reports cover concrete formwork only or wider formwork systems.[65][67]
Forecast & CAGR
The concrete formwork market is forecast to grow from $8.14 billion in 2026 to $10.81 billion by 2034, representing a 3.6% CAGR. A separate formwork-market estimate projects growth from $8.55 billion in 2025 to $9.21 billion in 2032 at a 1.1% CAGR.[65][67]
Market share & regions
Asia-Pacific accounted for 54.7% of the global concrete formwork market in 2025. In a wider building-formwork-system definition, Asia-Pacific represented 44.05% of 2025 revenue, followed by Europe at 19.88% and North America at 17.85%.[65][68]
Segmentation
The market is segmented by material, including timber and plywood, aluminum, steel and other materials, and by end use across residential, commercial, industrial and infrastructure construction. Formwork systems are also classified by type, such as traditional timber, engineered systems, reusable plastic, stay-in-place and permanent insulated formwork.[65][69]
Key players & concentration
The competitive landscape remains fragmented, with Doka, PERI, SGB, MEVA and ULMA identified as leading suppliers. One 2025 estimate places the combined share of these five companies at 42%, indicating moderate rather than dominant concentration.[66]
Pricing
Formwork input costs remain exposed to construction-material prices. A 2025 U.S. construction cost index reported year-end price changes of approximately +15% for lumber, +9% for structural steel and +5% for plywood compared with the index base period shown, while elevated metal prices and tariffs continued to affect project costs.[70]
Trends, drivers & challenges
Growth is supported by high-rise housing, infrastructure investment, modular and reusable systems, digital design and demand for faster construction cycles. Key constraints include labor shortages, high material and subcontracting costs, project delays and intense bidding competition; a Hong Kong formwork contractor cited weak private-sector demand and high labor costs in FY2026.[69][39]
Consumer behavior & competition
Construction buyers increasingly compare systems on total project economics rather than purchase price alone, including rental availability, installation support, reuse cycles, safety and scheduling performance. Suppliers are responding with leasing, technical support and digital platforms; Doka's Doka 360, launched at bauma 2025, integrates planning, ordering, material management and returns.[68][4]
M&A
Doka acquired Malaysia-based MFE Formwork Technology in 2024, adding a major monolithic aluminum-formwork business and strengthening its Asia-Pacific position. Umdasch Group's 2024 annual report records the consolidation of MFE Holding and its subsidiaries from January 1, 2024.[4]
Regulation
In the United States, OSHA standard 29 CFR 1926.703 requires formwork to be designed, fabricated, erected, supported, braced and maintained to withstand reasonably anticipated vertical and lateral loads. Jobsite drawings and plans for formwork, shoring, working decks and scaffolds must also be available.[71]
Latest news
At bauma 2025, Doka introduced Doka 360, a digital platform covering central stages of the formwork process from planning and ordering through material management and returns. The development reflects the industry's shift toward integrated digital workflows alongside physical formwork supply and rental services.[4]

02 Ranking

Top 10 Companies in the Formwork Industry

The leading companies in the formwork industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Layher stands out for scaffolding and formwork systems because it is a family-owned German manufacturer with global operations, while PERI is the pick for digital formwork workflows since it launched a nationwide AI-enabled service in 2026 that automates custom-formwork design and CNC fabrication.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in scaffolding and access

    Layher

    DE

    Ranked #1 · 9.5 · Scaffolding and access

    Why we picked it: It focuses on scaffolding and formwork systems, with global operations from a family-owned German manufacturing base.

    See in ranking ↓Visit layher.com ↗

  2. Leader in digital formwork workflows

    PERI

    DE

    Ranked #2 · 9.2 · Digital formwork workflows

    Why we picked it: It rolled out an AI-enabled service in 2026 that automates custom-formwork design and CNC fabrication in the UK.

    See in ranking ↓Visit peri.com ↗

  3. Leader in formwork services and rental

    BrandSafway

    US

    Ranked #3 · 9.0 · Formwork services and rental

    Why we picked it: It expanded forming and shoring capabilities in the United States after acquiring forming concepts in 2018.

    See in ranking ↓Visit brandsafway.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the formwork industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Layher

Scaffolding and access · DE

9.5
2

PERI

Digital formwork workflows · DE

9.2
3

BrandSafway

Formwork services and rental · US

9.0
4

Doka

Digital formwork workflows · AT

8.8
5

Hünnebeck

Formwork safety engineering · DE

8.5
6

EFCO

Steel formwork and shoring for concrete construction · US

8.5
7

Paschal Group

Formwork systems, Germany and international · DE

8.5
8

MEVA Schalungs-Systeme

Reusable steel and aluminum concrete formwork · DE

8.3
9

Acrow

Formwork rental, jumpform and access systems · AU

8.0
10

ULMA Construction

Formwork, shoring and safety systems worldwide · ES

7.8

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Margot Villeneuve. (2026, February 13). Top 10 companies in the formwork industry. In Formwork Industry Statistics. Gitnux. https://gitnux.org/formwork-industry-statistics/#top-companies

04 Statistics

Technology & Innovation

Technology work in this segment ties to measurable concept-to-production reductions, with PERI reporting more than 50% time cut for an HS2 footbridge project in 2026.

AI in the formwork industry

  • More than 50% of concept-to-production time was cut by PERI’s AI-enabled formwork workflow for an HS2 footbridge project in the United Kingdom in 2026.[1]
  • 2026 was the launch year for PERI UK’s nationwide AI-enabled service that automates custom-formwork design and CNC fabrication.[2]
  • July 2025 was the planned early-access start for Doka 360 with selected partners in Germany and the United States.[3]
  • 50+ Doka locations worldwide use an artificial-intelligence system to identify and count formwork and scaffolding materials in yards in 2025.[4]
  • 13 different facets and angles were included in the AI-enabled PERI custom-formwork design for HS2 footbridge foundations in Warwickshire in 2026.[2]
  • 2025 marked the year Doka reported using statistical-return-planning AI to forecast when and how much rental material would return from construction sites.[4]

Automation in the formwork industry

  • 5.7 metres is the maximum panel height that DokaXbot Lift can position with semi-automated operation, according to Doka’s 2025 product demonstration.[4]
  • 2 sensor-based DokaXact products, Load and Pressure, were presented for automated monitoring of formwork loads and fresh-concrete pressure in 2025.[4]
  • 2024 was the year Doka introduced wireless DokaXact Load and Pressure sensors for real-time monitoring of concrete pouring from formwork.[4]
  • 1 integrated digital platform, Doka 360, was designed to connect formwork planning, ordering, delivery, site operations and returns in 2025.[3]
  • Q2 2026 was Doka’s planned initial availability date for FormDrive automated climbing and formwork-removal technology in selected markets.[4]
  • 1 semi-automated robot, DokaXbot Lift, was highlighted by Doka as a bauma 2025 formwork-assembly solution.[4]

Digital Transformation in the construction and real estate sector (sector benchmark)

  • Among 933 engineering and construction businesses surveyed, 47% were already using data analytics in 2024.[5]
  • Among 933 engineering and construction businesses surveyed, 38% were already using building information modelling in 2024.[5]
  • Across Australia’s building and construction industry, 64% of organisations invested in data and digitalisation during the 12 months before the 2025 survey.[6]
  • Among 933 engineering and construction businesses surveyed, 41% were already using mobile apps in 2024.[5]

Technology Adoption in the construction and real estate sector (sector benchmark)

  • Among ICI contractors surveyed in 2024, 44% reported experience using building information modelling.[7]
  • Among ICI contractors surveyed in 2024, 11% reported experience using artificial intelligence.[7]
  • Among ICI contractors surveyed in 2024, 43% reported experience using jobsite data-collection applications.[7]
  • Among ICI contractors surveyed in 2024, 35% reported experience using advanced building materials.[7]

Cloud Computing in the construction and real estate sector (sector benchmark)

  • Among 933 engineering and construction businesses surveyed, 43% were already using construction-management cloud software in 2024.[5]
  • Among capital-projects and infrastructure organisations surveyed globally, 2% neither used cloud technology nor planned to use it within 12 months in 2025.[8]
  • Across capital-projects and infrastructure organisations surveyed globally, 89% were currently using cloud technology in 2025.[8]
  • Across capital-projects and infrastructure organisations surveyed globally, 9% planned to adopt cloud technology within the next 12 months in 2025.[8]

Big Data in the construction and real estate sector (sector benchmark)

  • Across construction businesses, only one-third receive daily insights from at least one data source, according to a 2023 survey.[9]
  • Across construction businesses, the average company captures 11 of 13 data types but analyzes only 8, according to a 2023 survey.[9]
  • Across real estate companies, 13% have access to real-time business intelligence and analytics, according to the 2024 commercial real estate outlook.[10]
  • Across European enterprises, big-data analytics adoption in construction was 4% in the latest Eurostat-based data reported by the OECD.[11]
  • Across real estate investors, 60% report that a formal data initiative is underway at their firm, based on an EY survey of more than 50 executives.[12]
  • Across construction businesses, 33% analyze financial data and use it to inform business decisions, while 86% capture it, in 2023.[9]

05 Statistics

Data & Analytics

Data adoption shows uneven automation, with more than 70% of contractors not automating any formwork planning process, while 53% used a common data environment in 2024.

Business intelligence in the formwork industry

  • 10% of concreting-formwork subcontractors were classified as BIM leaders in the same Hong Kong survey.[13]
  • 81% of general contractors prefer rental pricing based on contact area rather than individual formwork components.[14]
  • 70% of concreting-formwork subcontractors were classified as BIM laggards in a Hong Kong adoption survey.[13]
  • 64% of formwork suppliers prefer rental pricing based on contact area rather than individual components.[14]

Data analytics in the formwork industry

  • 17% of contractors use BIM for formwork work zoning or management, limiting data-driven quantity and planning workflows.[14]
  • 24% of European contractors used 7D BIM containing lifecycle and maintenance information in 2024.[15]
  • 76% of European contractors used BIM for clash detection or early warning of design errors in 2024.[15]
  • 53% of European contractors used a common data environment to exchange structured product information in 2024.[15]
  • More than 70% of contractors do not automate any process related to formwork planning.[14]
  • 28% of European contractors used 4D BIM linked to planning in 2024.[15]

Data Quality in the construction and real estate sector (sector benchmark)

  • Across construction professionals, 72% said they spend more than three hours gathering and preparing data before it is ready for analysis in a 2026 survey.[16]
  • Across UK housing providers, only 23% were confident in tenant or customer data in 2022, the lowest confidence level among the data categories surveyed.[17]
  • Across UK housing providers, 48% were totally confident in their real-estate asset data in 2022, compared with 34% confident in management and maintenance data.[17]
  • Across construction companies, 38% rated their ability to share and use data with internal and external collaborators as strong in the report’s construction sample.[18]
  • Across institutional real estate, data quality received an average self-rating of 6.2 out of 10 in 2026, based on 72 professionals across 38 firms.[19]
  • Across construction professionals, 76% said departments frequently or occasionally work from different systems and data sources in a 2026 survey.[16]

Data Governance in the construction and real estate sector (sector benchmark)

  • Across construction businesses, 10% reported in 2023 that they did not have a well-defined data governance policy.[20]
  • Across US construction owners, 11% required project teams to use data standards on all projects in the 2024–2025 survey period.[21]
  • Across US construction owners requiring data governance plans, 19% required them on a majority of projects in the 2024–2025 survey period.[21]
  • Across US construction owners, 45% did not provide regular data training in the 2024–2025 survey period, limiting governance capability and consistent data use.[21]
  • Across US construction owners, 45% required project teams to define a data governance plan in the 2024–2025 survey period.[21]
  • Across institutional real estate, governance readiness for AI received an average self-rating of 5.1 out of 10 in 2026, based on 72 professionals across 38 firms.[19]

KPIs in the formwork industry

  • 76% of European contractors used BIM clash detection or early-warning functions in 2024, a quality-control indicator relevant to formwork coordination.[15]
  • 73% of European contractors used BIM quantity determination for materials, equipment and man-hours in 2024, supporting formwork cost and productivity tracking.[15]
  • 64% of formwork suppliers prefer contact-area pricing, making square metres a key commercial tracking metric.[14]
  • 81% of general contractors prefer contact-area pricing, an operational metric expressed in square metres per rental period.[14]

06 Statistics

Strategy & Growth

Growth activity shows supply-scale moves, including Construx production area of 72,000 square meters in 2026 and Doka’s reported 60% growth rate for India and Middle East in 2023 for another group.

Growth in the formwork industry

  • 25% was the reported growth rate for a formwork group’s United States and Caribbean business in 2023, reaching €16 million.[22]
  • 72,000 square meters was Construx’s production area in 2026.[23]
  • 60% was the reported growth rate for a formwork group’s India and Middle East business in 2023, reaching €12 million.[22]
  • 208,000 square meters was Construx’s total site area in 2026.[23]
  • €149 million was the forecast 2024 turnover for the formwork group examined in a 2025 expansion-strategy case study.[22]
  • 22% was the reported growth rate for Doka’s international markets in 2024.[24]

Differentiation in the formwork industry

  • One-pour slab-and-wall construction was MFE’s stated differentiation in monolithic aluminium formwork in 2024.[4]
  • Six specialized brands comprised Construx Group’s differentiated portfolio in 2026, spanning moulds, automation, formwork and handling systems.[23]
  • Three product categories—magnetic, modular and battery formwork—were manufactured by the Reymann/RATEC group in 2026.[25]
  • Four product areas were explicitly cited for HOWAL’s specialization in 2026: stairs, columns, beams and block steps.[25]
  • Two formwork-service channels were reported by Horizon Construction Development in 2025: rental or service activity in China and overseas markets.[26]
  • Seven years was the warranty period for alkus solid-plastic formwork panels in 2025.[27]

Mergers and acquisitions in the formwork industry

  • 100% of AT-PAC was acquired by Doka in 2023 after an initial partnership formed in 2020.[28]
  • 100% of MFE Formwork Technology was acquired by Doka in 2024.[4]
  • 100% of Concrete Systems was acquired by Construx in 2012.[23]
  • 100% of Weckenmann Anlagentechnik was acquired by Construx in 2023.[23]
  • 100% of CBE Group and Acimex was acquired by Construx in 2025.[23]
  • Forming Concepts was acquired by BrandSafway in 2018 to expand forming and shoring capabilities across the United States.[29]

Strategic partnerships in the formwork industry

  • One strategic investment by ULMA in Socon was announced in 2016 to expand North American formwork operations.[30]
  • One long-standing supplier partnership between Hünnebeck and alkus began in 2013.[27]
  • One investment by Reymann/RATEC in HOWAL was announced in 2026 to expand product development, production and market cooperation.[25]
  • One initial partnership between Doka and AT-PAC was formed in 2020 before Doka acquired the company.[4]
  • 50/50 was the ownership split of Construx’s joint venture with Constructie Demyttenaere in 2005.[23]
  • One partnership with JB Concrete was recorded by Construx in France in 2024.[23]

07 Statistics

People & Workforce

Workforce reporting includes PERI staffing and contract mix, with 7,379 men and 2,015 women employed at PERI in 2025.

Hiring in the formwork industry

  • 7,379 men were employed by PERI in 2025.[31]
  • 5,392 PERI employees were aged 30–50 in 2025.[31]
  • 2,192 PERI employees were over 50 years old in 2025.[31]
  • 2,015 women were employed by PERI in 2025.[31]
  • 1,613 female employees and 5,862 male employees at PERI held permanent contracts in 2025.[31]

Employee retention in the formwork industry

  • 918 PERI employees had no available contract-type data in 2024.[31]
  • 150 Doka locations worldwide supported employee and customer operations in the company’s current company profile.[4]
  • 1,175 PERI employees had no available contract-type data in 2025.[31]
  • 6% of PERI employees worked part-time in 2025.[31]
  • 8% of PERI’s workforce was on temporary contracts in 2025.[31]

Remote Work in the construction and real estate sector (sector benchmark)

  • In January 2024, 33.63% of U.S. real-estate wage and salary employees worked from home, based on the Survey of Working Arrangements and Attitudes.[32]
  • In 2024, 23.7% of finance, insurance and real-estate positions were fully remote in the U.S., according to employers surveyed by NACE.[33]
  • In 2024, 2.7% of construction positions were fully remote in the U.S., according to employers surveyed by NACE.[33]
  • About 9% of U.S. construction workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[34]

Hybrid Work in the construction and real estate sector (sector benchmark)

  • Forty-two percent of real-estate investment managers expected employees to be in the office four days per week within six to 12 months, according to a 2025 NAREIM survey.[19]
  • In 2024, 43% of surveyed real-estate executives identified flexible workday schedules as a leading talent-acquisition and retention action.[10]
  • In 2024, 15.0% of construction positions were fully hybrid in the U.S., according to employers surveyed by NACE.[33]
  • In 2024, 55.8% of finance, insurance and real-estate positions were fully hybrid in the U.S., according to employers surveyed by NACE.[33]

Upskilling in the formwork industry

  • 9,300 staff members were covered by PERI’s training and support activities in the company’s 2025 sustainability reporting.[2]
  • 3D formwork-related structural-data design was supported in Revit and Tekla by Doka in 2024.[4]
  • 2025 was the year PERI aligned its people-management indicators with ESRS S1, including training, talent and qualification-related workforce processes.[35]
  • 4D construction-progress simulation was included in Doka’s formwork-related Revit and Tekla engineering capabilities in 2024.[4]
  • 1 Academy was identified by PERI as part of its people-management and workforce-development system in 2025.[35]

Employee Engagement in the construction and real estate sector (sector benchmark)

  • Fifty-nine percent of construction employers lacked a strategy to improve employee engagement in the 2018 U.S. construction benefits benchmarking survey.[36]
  • In North American construction and heavy industry, employees scored 8.67 out of 10 for engagement in the 2026 benchmark.[37]
  • Construction employees scored 4.20 out of 5 on engagement-related measures in 2024, up from 3.92 in 2022, in WebMD Health Services’ survey of 3,653 workers.[38]
  • Forty-seven percent of construction employers said their workforce was highly engaged in the 2018 U.S. construction benefits benchmarking survey.[36]
  • Across construction and heavy industry, Meaningful Work received the highest driver score at 8.45 out of 10 in 2026.[37]

DEI in the formwork industry

  • 196 female PERI employees held temporary contracts in 2025.[31]
  • 21% of PERI’s total workforce were women in 2025.[31]

08 Statistics

Customer & Sales

Sales structure varies by buyer concentration in formwork services, including a case where 91.8% of revenue came from the five largest customers in fiscal 2020.

Customer experience in the formwork industry

  • 97.04% was the after-call customer-service satisfaction rate reported by Horizon Construction Development in 2023 across its excavation-support, formwork-system and aerial-work-platform businesses in China.[26]
  • 95.20% was the satisfaction rate from follow-up visits covering 732 orders for excavation-support systems, formwork systems and aerial-work platforms in China in 2023.[26]

Customer retention in the formwork industry

  • 91.8% of revenue came from the five largest customers of a Hong Kong formwork contractor in fiscal 2020.[39]
  • 95.5% of revenue came from the five largest customers of a Hong Kong formwork contractor in fiscal 2019.[39]
  • 1 to 18 years was the range of established business-relationship durations with the five largest customers of the Hong Kong formwork contractor as of March 31, 2020.[39]
  • 92.7% of revenue came from the five largest customers of a Hong Kong formwork contractor in fiscal 2018.[39]

09 Statistics

Marketing & Brand

Influencer Marketing in the construction and real estate sector (sector benchmark)

  • Among U.S. real estate professionals, 15% used TikTok for business in 2024, while 10% used X (formerly Twitter).[40]
  • Among U.S. real estate professionals, 62% used Instagram for business in 2024, alongside 87% using Facebook and 25% using YouTube.[40]
  • Among residential construction workers surveyed in 2024, 47% regularly used Instagram, 52% used YouTube and 73% used Facebook.[41]
  • Among U.S. real estate professionals, 52% said social media generated the highest number of quality leads in the previous 12 months in 2024.[40]
  • Across U.S. prospective home buyers, 42% preferred Instagram for communication with a real estate agent in 2025, compared with 47% preferring Facebook.[42]

10 Statistics

Operations & Execution

Operational execution links to modeling maturity and inspection coverage, including 64% of formwork suppliers that can provide models at LOD 400 or higher.

Process optimization in the formwork industry

  • 64% of formwork suppliers surveyed can provide models at LOD 400 or higher.[14]
  • 64% of formwork suppliers and 81% of general contractors prefer renting formwork systems by contact area rather than by component, based on a 136-person Latin American survey published in 2025.[14]
  • 62% of contractors in a Latin American survey typically prefer modeling formwork systems at LOD 200 or lower.[14]
  • More than 70% of contractors surveyed in Latin America do not automate any process related to formwork planning.[14]
  • Less than 17% of Latin American practitioners surveyed use BIM for formwork planning.[14]

Operational efficiency in the formwork industry

  • 75.6% was the average utilization rate of neo-formwork systems operated by Hongxin Construction Development in the first half of 2024.[43]
  • 69.9% was the average utilization rate of Hongxin Construction Development’s neo-formwork systems in the first half of 2023.[43]
  • 651.1 thousand tons was the neo-formwork system equipment volume managed by Hongxin Construction Development at June 30, 2023.[43]
  • 748.4 thousand tons was the neo-formwork system equipment volume managed by Hongxin Construction Development at June 30, 2024.[43]
  • 59.9% was the FY2024 average utilization rate for all rental assets at Sakai Heavy Industries, including construction-related and civil-engineering-related equipment.[44]

Quality management in the formwork industry

  • 82% of inspected formwork sites in New South Wales had a formwork plan or design signed off by a competent person during the 2022 inspection blitz.[45]
  • 99% of formworkers inspected in New South Wales had been inducted by the principal contractor during the 2022 formwork blitz.[45]
  • 86% of inspected New South Wales formwork working decks had adequate controls against falls through penetrations in 2022.[45]
  • 96% of inspected New South Wales formwork sites implemented exclusion zones during construction, pouring or dismantling in 2022.[45]
  • 84% of inspected New South Wales formwork sites had adequate controls against falling objects in 2022.[45]

Supply chain in the formwork industry

  • 5% of enforcement notices issued during Queensland’s 2023 construction blitz related to formwork non-compliances.[46]
  • 64% of formwork suppliers in a Latin American survey preferred rental pricing based on contact area rather than components, affecting material tracking and replenishment processes.[14]
  • 81% of general contractors in a Latin American survey preferred rental pricing based on contact area rather than components, simplifying cross-system comparison of formwork requirements.[14]
  • 10 sites had formwork non-compliances during Queensland’s 2023 construction blitz.[46]
  • 9% of all construction sites visited in Queensland during the 2023 blitz had formwork non-compliances.[46]

Outsourcing / Offshoring in the construction and real estate sector (sector benchmark)

  • 46.5% of Australian construction-industry input costs came from outsourced services in 2024, including labour hire, consultants and capital rentals.[6]
  • $5.66 per agent per month was the average outsourced accounting-labor price for U.S. real-estate brokerages with more than 500 agents, based on an August 2024 survey.[47]
  • 11% of income in Australian civil engineering, non-residential building and related construction came from subcontracting in 2025.[6]
  • 30% of costs in Australian infrastructure construction flowed to external construction services in 2025.[6]
  • 45% of Australian infrastructure-construction businesses surveyed in 2025 reported cost overruns as a challenge when managing subcontracting or labour-hire relationships.[6]

11 Statistics

Finance & Pricing

Pricing pressure remains visible through rental benchmarks, including an 18.9 market rental price index for Hongxin neo-formwork in December 2024.

Pricing strategy in the formwork industry

  • 18.9 was the market rental price index for Hongxin Construction Development’s neo-formwork system in December 2024.[26]
  • 19% was the decline in Hongxin Construction Development’s mainland-China market rental price index for aerial work platforms between June 2024 and June 2025; the company also operates neo-formwork systems.[26]
  • 20.8 was the market rental price index for Hongxin Construction Development’s neo-formwork system in June 2025.[26]
  • 81% of surveyed Latin American general contractors preferred formwork rental priced per square metre-month rather than per component-month.[14]
  • 64% of surveyed Latin American formwork suppliers preferred rental pricing per square metre-month rather than per component-month.[14]

Cost reduction in the formwork industry

  • 31% of surveyed general contractors preferred CAD for work zoning and formwork management.[48]
  • 17% of surveyed general contractors used BIM for work zoning or formwork management.[48]
  • 33% of surveyed general contractors used CAD together with Excel spreadsheets for formwork quantities and management.[48]
  • More than 70% of contractors surveyed in Latin America did not automate formwork-planning processes, indicating a substantial process-automation opportunity for reducing manual work.[14]

Profitability in the formwork industry

  • HK$1,199.351 million was revenue from formwork services reported by the same Hong Kong company for 2024.[49]
  • HK$876.931 million was total over-time construction-business revenue reported by the Hong Kong company in 2025, including formwork and other construction services.[49]
  • HK$1,212.063 million was total over-time construction-business revenue reported by the Hong Kong company in 2024, including formwork and other construction services.[49]
  • HK$813.637 million was revenue from formwork services reported by a Hong Kong construction company for 2025.[49]

Financial planning in the formwork industry

  • HK$1,538.853 million was total revenue reported by the Hong Kong formwork-services company for 2024.[49]
  • HK$537.618 million was e-commerce revenue reported by the Hong Kong formwork-services company for 2025.[49]
  • HK$12.712 million was revenue from other construction services reported by the Hong Kong formwork-services company for 2024.[49]
  • HK$1,414.549 million was total revenue reported by the Hong Kong formwork-services company for 2025, including construction and e-commerce activities.[49]
  • HK$63.294 million was revenue from other construction services reported by the Hong Kong formwork-services company for 2025.[49]

12 Statistics

Product & Service

Product and service scales cover equipment throughput and reuse, including Doka’s 160 sales and logistics facilities in more than 50 countries and Herrenknecht Formwork producing approximately 6 million concrete segments.

Product development in the formwork industry

  • 10 formwork product types covering more than 80 specifications are offered by Rizhao Fenghua Scaffoldings.[50]
  • 3 carousel systems are supplied by Herrenknecht Formwork for tunnel-segment production.[51]
  • 1 formwork profile-forming line is operated by Rizhao Fenghua Scaffoldings for product manufacture.[50]
  • 40 reuses were achieved by binder-jetted form liners in the Aufbaubank Stair project.[52]
  • 2 formwork modules were reused twice in a 3D-printed slab prototype, according to a review of reusable 3D-printed formwork projects.[52]

Product lifecycle in the formwork industry

  • More than 200 projects have been realized by Herrenknecht Formwork in 40 countries.[51]
  • Approximately 6 million concrete segments have been produced with Herrenknecht Formwork equipment.[51]
  • More than 60,000 concrete segments were produced on a Herrenknecht Formwork carousel plant for the JV Boßlertunnel.[51]
  • Up to 18 steps comprise the general site lifecycle of vertical concrete formwork, including movement, assembly, stripping, inspection, cleaning and reuse.[53]
  • More than 250 projects in 40 countries have used Herrenknecht Formwork moulds for underground infrastructure.[51]

After-sales in the formwork industry

  • 40 technical and commercial specialists staff Herrenknecht Formwork’s project and service organization.[51]
  • 24-hour after-sales support is provided by Herrenknecht Formwork from Schwanau and on site during ongoing segment production.[51]
  • 1 buyback option is offered by Herrenknecht Formwork after completion of segment production.[51]
  • More than 300 projects have been supported by Herrenknecht Formwork through its technical solutions and services.[51]
  • 160 sales and logistics facilities in more than 50 countries support Doka’s formwork and scaffolding customers.[4]

Value proposition in the formwork industry

  • 150 locations worldwide give Doka a local distribution and technical-support presence.[4]
  • 8,400 employees worldwide support Doka’s formwork and scaffolding business.[4]
  • 1,200 containers or more are sold currently by Rizhao Fenghua Scaffoldings each year, according to the company profile.[50]
  • 126 countries and regions receive formwork exports from Rizhao Fenghua Scaffoldings.[50]
  • 80 kN/m² is the maximum concrete pressure stated for Rizhao Fenghua Scaffoldings’ FW00A heavy-duty wall formwork.[50]

13 Statistics

Sustainability & Ethics

Reuse and emissions reporting appear in multiple supplier profiles, including PERI’s 78% total waste diverted from disposal in 2024.

Sustainability in the formwork industry

  • 60% of PERI workers in Germany were covered by collective bargaining agreements in 2025.[31]
  • 5,000 m² of PERI company premises are targeted for seminatural landscaping each year.[31]
  • 80% of PERI’s workforce held permanent contracts in 2025.[31]
  • 160 rental warehouses in more than 70 countries supported PERI’s formwork and scaffolding reuse model in 2025.[31]
  • 21% of PERI’s workforce were women in 2025.[31]

ESG in the formwork industry

  • 1,175 PERI workers were reported as having no available contract-type data in 2025.[31]
  • 9,394 employees comprised PERI Group’s global workforce in 2025.[31]
  • 7,475 PERI employees held permanent contracts in 2025.[31]
  • 7,379 men worked at PERI in 2025.[31]
  • 2,015 women worked at PERI in 2025.[31]

CSR in the formwork industry

  • 84% of observed New South Wales formwork sites had adequate controls against falling objects in 2022.[45]
  • 13.0 was PERI’s lost-time injury frequency rate per million working hours in 2023.[31]
  • 95% of observed New South Wales formwork sites had safeguards against overhead powerlines where required in 2022.[45]
  • 99% of formworkers were inducted by the principal contractor in the New South Wales 2022 formwork program.[45]
  • 10.5 days was PERI’s average absence duration after a workplace accident in 2023.[31]

Circular economy in the formwork industry

  • Up to 100 reuses was the reported service potential for aluminum formwork in Farglory Land’s 2024 ESG report.[54]
  • 14% of construction waste was attributed to waste wood in Farglory Land’s discussion of wooden formwork.[54]
  • 78% of PERI’s total waste was diverted from disposal in 2024.[31]
  • 8,700 m² of aluminum formwork was in use at Farglory Park 16 by the end of 2024.[54]
  • 100% of aluminum formwork can be recycled and remanufactured at end of service life, according to Farglory Land’s 2024 ESG report.[54]

Carbon footprint in the formwork industry

  • 19,385 tCO₂e was PERI Group’s location-based Scope 2 emissions in 2025.[31]
  • 336,401 tCO₂e of PERI’s 2025 Scope 3 emissions came from purchased goods and services.[31]
  • 34,317 tCO₂e of PERI’s 2025 Scope 3 emissions came from upstream transportation and distribution.[31]
  • 4,520 tCO₂e was PERI Group’s market-based Scope 2 emissions in 2025.[31]
  • 18,833 tCO₂e was PERI Group’s Scope 1 emissions in 2025.[31]

15 Statistics

Globalization & Expansion

Global delivery footprints expand through sales and distribution networks, including Doka’s 60+ countries and more than 170 locations supported after MFE joined in 2024.

Globalization in the formwork industry

  • 45% of Umdasch Group’s consolidated revenue came from outside Europe in 2024, according to a published industry report citing the group’s annual report.[24]
  • 27 countries were covered by BrandSafway’s 360-location network in 2025.[27]
  • 30 countries and approximately 35,000 employees were supported by BrandSafway’s global network in 2018.[29]
  • 60+ countries and more than 170 locations formed Doka’s global sales network when MFE joined the company in 2024.[4]
  • 120+ countries have hosted projects delivered by Construx, according to the company’s 2026 profile.[23]

Supplier management in the formwork industry

  • 40,000+ employees worked across BrandSafway’s global operations in 2025.[27]
  • Since 2013, Hünnebeck’s PLATINUM 100 wall-formwork system has used alkus solid-plastic panels as standard.[27]
  • Seven years was the long-term warranty offered for alkus solid-plastic formwork panels in 2025.[27]
  • 2,200+ employees worked at MFE Formwork Technology when it became part of Doka in 2024.[4]
  • Four Hünnebeck and Aluma Systems formwork systems were added to the alkus supply agreement in 2025: MANTO G3, PLATINUM 100, RONDA and PAX.[27]

Stakeholder management in the formwork industry

  • Two customers each contributed more than 10% of Horizon Construction Development’s consolidated revenue in 2025.[49]
  • HK$141.148 million was contributed by Horizon Construction Development’s largest disclosed customer in 2025.[49]
  • More than 50 years of formwork experience was retained by HOWAL when it joined the Reymann/RATEC group in 2026.[25]
  • 32,000+ customers were served by BrandSafway in 2018 across its access, industrial-services and forming-and-shoring businesses.[29]
  • More than 35 years of experience was held by Forming Concepts when BrandSafway acquired it in 2018.[29]

Distribution channels in the formwork industry

  • Two locations operated by Forming Concepts were identified in 2018: Gilberts, Illinois, and Las Vegas, Nevada.[29]
  • 360 strategic locations formed BrandSafway’s distribution and service network in 2025.[27]
  • 170+ locations gave MFE access to Doka’s global sales network in 2024.[4]
  • Two offices served the southeastern United States through Socon’s Atlanta and Mobile locations in 2016.[30]
  • Three rental depots were listed by Construx in Belgium and Romania by 2024.[23]

Key questions about the Formwork Industry

What is the market size for concrete formwork in 2025 and 2026?
The global concrete formwork market was valued at $7.88 billion in 2025 and is projected to reach $8.14 billion in 2026.
How fast is the concrete formwork market forecast to grow through 2034?
The market is forecast to grow from $8.14 billion in 2026 to $10.81 billion by 2034 at a 3.6% CAGR.
Which companies lead the formwork industry?
Layher stands out for scaffolding and formwork systems because it is a family-owned German manufacturer with global operations, while PERI is the pick for digital formwork workflows since it launched a nationwide AI-enabled service in 2026 that automates custom-formwork design and CNC fabrication.
What technology shift is most visible in 2025–2026 formwork buying workflows?
Digital workflows for planning, ordering, material management, and returns are moving into mainstream buying, with Doka 360 covering these stages and planned initial availability in Q2 2026 for related technologies.
How concentrated is competition among leading formwork suppliers?
The competitive landscape remains fragmented, with Doka, PERI, SGB, MEVA and ULMA identified as leading suppliers and a 2025 estimate placing their combined share at 42%.
What operational and compliance requirements shape formwork use on jobsites?
In the United States, OSHA 29 CFR 1926.703 requires formwork to be designed, fabricated, erected, supported, braced, and maintained to withstand reasonably anticipated vertical and lateral loads, and jobsite drawings and plans must be available.
Reference

Cite This Report

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APA
Margot Villeneuve. (2026, February 13). Formwork Industry Statistics. Gitnux. https://gitnux.org/formwork-industry-statistics
MLA
Margot Villeneuve. "Formwork Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/formwork-industry-statistics.
Chicago
Margot Villeneuve. 2026. "Formwork Industry Statistics." Gitnux. https://gitnux.org/formwork-industry-statistics.

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