중국의 거푸집 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the China formwork market size is projected to be USD 1.24 billion in 2025, USD 1.27 billion in 2026, and reach USD 1.8 billion by 2031, growing at a CAGR of 7.22% from 2026 to 2031.

This report is Segmented by Type (Conventional / Traditional and Modular / System Formwork), Configuration (Static, Climbing, Slipform, and Tunnel), Business Model (Sales and Rental), Sector (Residential, Commercial, Industrial & Logistics and Infrastructure), Material (Timber / Plywood, and More), and Region (North China, East China, and More). The Market Forecasts are Provided in Terms of Value (USD).

China Formwork Market Trends and Insights

Infrastructure Modernization and Urban Renewal Drive Formwork Demand

The main construction engine has shifted from private residential towers to publicly funded infrastructure, and that change has improved the quality of demand in the China formwork market. Infrastructure jobs usually require more durable, specialized systems, including climbing rigs for bridge piers, slipform solutions for towers and silos, and tunnel formwork for metro and highway works, rather than the simpler, plywood-heavy setups common in housing projects. The 15th Five-Year Plan for 2026 to 2030 commits CNY 5 trillion (USD 1 trillion) to gas, water, drainage, and heating pipeline upgrades across 770,000 kilometers, and another CNY 5 trillion (USD 1 trillion) to power grid expansion and inter-provincial transmission corridors, which keeps concrete-intensive work elevated across several project categories. Infrastructure investment increased 11.4% in January and February 2026 and 8.9% in Q1 2026, outpacing broader fixed-asset investment and providing formwork suppliers with better multi-year visibility than the private building segment could offer. Urban renewal adds another layer of demand because underground pipeline rehabilitation and sponge-city works favor modular systems that can be cycled repeatedly in tight sites where space efficiency and predictable assembly matter.

Dual Carbon Goals Accelerate Adoption of Reusable Formwork Systems

Carbon policy is changing project-level material choices, pushing the China formwork market toward reusable systems rather than products chosen only for low initial cost. Prefabricated building construction reached 672 million square meters under construction in 2024, representing more than 30% of all new building floor area, underscoring how deeply industrialized building methods are now embedded in the construction system. The industry standard T/CCIAT 0104-2025, which took effect on March 1, 2026, set out carbon-reduction procedures for building engineering, including calculation methods for construction-phase emissions and the formal accounting of formwork use cycles. The green building evaluation standard GB/T 50378-2024 also raises the compliance threshold for premium projects, as three-star-certified buildings must use reusable formwork at a rate of at least 70%, thereby narrowing the role of single-use conventional plywood in high-grade developments. Within that setting, aluminum systems benefit from both regulatory alignment and lifecycle economics, as their reuse potential is materially higher than timber's and their fit with standardized project delivery is stronger.

Property Sector Weakness Reduces Private Residential Construction Activity

Private housing remains the main drag on the China formwork market because the property adjustment has continued into 2026 and continues to weigh on new project starts, contractor cash flow, and demand for conventional slab and wall systems. The heaviest pressure falls on timber and plywood-heavy applications, since those materials are most exposed in mid-rise and volume residential construction, which had been the largest historical outlet before public infrastructure gained share. This matters because residential work still represented the largest sectoral share in 2025, so even a gradual weakening in private builds affects equipment utilization, replenishment decisions, and fleet deployment across many local suppliers. Government-supported affordable housing, urban village renovation, and dual-use public infrastructure provide partial offsets. Still, they do not fully replace the mix or timing of demand previously generated by private high-rise development. Companies with stronger links to state-funded projects are therefore in a more resilient position than operators whose installed base and customer relationships remain concentrated in privately financed residential construction.

Other drivers and restraints analyzed in the detailed report include:

1. Labor Shortages and Productivity Needs Boost Engineered Formwork Usage
2. Digital Formwork Planning and Asset Tracking Improve Project Efficiency
3. High Upfront Cost of Aluminum and Steel Formwork Limits Adoption

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Modular / system formwork held 55% of the China formwork market share in 2025, and this segment is also projected to expand at the fastest pace with an 8.60% CAGR through 2031. That lead reflects a clear contractor preference for engineered systems that shorten assembly time, improve cycle predictability, and reduce dependence on manual labor in repetitive structural work. Modular / system formwork has become more attractive because project owners and main contractors now place greater value on productivity, tighter quality control, and reuse efficiency than they did when labor was easier to source, and residential builds set the dominant pace. In the China formwork market, this gives modular platforms a structural edge in high-cycle infrastructure work, large mixed-use projects, and standardized public developments where the benefits of repeat deployment are easier to capture. It also strengthens the case for suppliers that can provide design support, faster site turnaround, and stronger after-sales service, rather than only panels and accessories.

Conventional / traditional formwork still accounted for 45% of demand in 2025, indicating that the installed base, local sourcing habits, and contractor familiarity built over many years still carry weight across broad parts of the country. This segment remains most relevant in lower-tier cities and rural projects where timber is accessible, work scopes are simpler, and the capital required for advanced systems can be hard to justify at a small project scale. Even so, the direction of travel is changing because green building requirements, construction industrialization policies, and the wider use of prefabricated methods are gradually reducing the practical space for single-use solutions in better-specified projects. Research published in 2025 found that higher prefabrication rates, stronger policy implementation, and greater patent activity are linked to better energy-efficiency outcomes in construction, which supports the broader move toward more industrialized building practices. The implication for the China formwork market is not a sudden collapse in conventional demand, but a steady shift away from premium applications toward reusable systems that better align with labor, compliance, and industrialization priorities.

Climbing systems held 30% of the segment share in 2025 and posted the fastest growth rate of 8.54% through 2031, placing them at the more specialized end of the China formwork market. Their expansion is tied to supertall buildings, bridge piers, dam cores, and other vertical concrete structures where self-climbing systems reduce crane dependence and improve productivity on difficult sites. Research on overall aerial building formwork equipment for structures above 200 meters found that integrated lightweight climbing platforms deliver strong engineering performance and better construction productivity in extreme-height applications. This aligns with the reality that vertical infrastructure and high-rise cores require more than simple panel supply, as they depend on system engineering, site safety coordination, and repeatable lifting performance across long project cycles. It also explains why multinational specialists and advanced domestic players have stronger pricing power in this configuration than in more standardized products.

Static formwork supports a broad range of conventional residential and commercial concrete applications across floors, walls, and columns. Slipform and tunnel solutions occupy smaller positions, but both are gaining relevance as energy facilities, transport corridors, and underground works expand under public investment programs. This mix shift matters because specialized configurations usually deliver higher rental rates and service revenue per cycle than standard static systems, especially when they require technical setup and engineering supervision. As those categories grow, average revenue quality in the China formwork market improves, even as headline volume growth remains measured. That shift also raises the importance of fleet sophistication and technical support capability, because customers in these applications are buying reliable execution as much as they are renting hardware.

Complete Report Scope:

• By Type
  • Conventional / Traditional
  • Modular / System Formwork
• By Configuration
  • Static
  • Climbing
  • Slipform
  • Tunnel
• By Business Model
  • Sales
  • Rental
• By Sector
  • Residential
  • Commercial
  • Industrial and Logistics
  • Infrastructure
• By Material
  • Timber / Plywood
  • Steel
  • Aluminium
  • Plastic / Fiberglass
  • Other Materials
• By Region
  • North China
  • East China
  • South China
  • Central China
  • Southwest China
  • Northwest China
  • Northeast China

List of Companies Covered in this Report:

1. Doka (China) Co., Ltd.
2. PERI (China) Co., Ltd.
3. ULMA Construction
4. China State Construction Engineering Corporation
5. China Railway Group Limited
6. China Railway Construction Corporation
7. Beijing Zulin Formwork and Scaffolding Co., Ltd.
8. Zhejiang Jinggong Steel Building Group Co., Ltd.
9. Zhejiang Zhongnan Construction Group Co., Ltd.
10. Guangdong Jinma Aluminum Co., Ltd.
11. Shandong Fangyuan Formwork Co., Ltd.
12. Qingdao Alulite Formwork Scaffolding Co., Ltd.
13. Shanghai Construction Group
14. Zhejiang Yili Formwork Scaffolding Co., Ltd.
15. Nanjing Dadi Engineering Technology Co., Ltd.
16. Sichuan Huashi Group Co., Ltd.
17. Guangzhou Kangtai Formwork and Scaffolding Co., Ltd.
18. Suzhou TECON Construction Technology Co., Ltd.
19. Zhongtian Construction Group Co., Ltd.
20. Beijing Chengdong International Formwork Co., Ltd.
21. Shenzhen Vanke New Materials Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Infrastructure Modernization and Urban Renewal Drive Formwork Demand
  • 4.2.2 Dual Carbon Goals Accelerate Adoption of Reusable Formwork Systems
  • 4.2.3 Labor Shortages and Productivity Needs Boost Engineered Formwork Usage
  • 4.2.4 Digital Formwork Planning and Asset Tracking Improve Project Efficiency
  • 4.2.5 Urbanization in Lower-Tier Cities Supports Replacement Construction Demand
  • 4.2.6 Belt and Road Projects Expand Export Demand for Formwork Systems
• 4.3 Market Restraints
  • 4.3.1 Property Sector Weakness Reduces Private Residential Construction Activity
  • 4.3.2 High Upfront Cost of Aluminum and Steel Formwork Limits Adoption
  • 4.3.3 Fragmented Rental Market Restricts Nationwide Standardization
  • 4.3.4 Steel and Aluminum Price Volatility Pressures Manufacturer Margins
• 4.4 Value and Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Cost Structure Analysis
• 4.8 Porter's Five Forces
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Suppliers
  • 4.8.3 Bargaining Power of Buyers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry
• 4.9 Impact of Geopolitics
  • 4.9.1 Raw Material Price Volatility
  • 4.9.2 Supply Chain Disruptions and Longer Lead Times
  • 4.9.3 Rising Energy and Logistics Costs
  • 4.9.4 Infrastructure, Energy Security, and Defense-Led Demand

5 Market Size and Growth Forecasts (Value, USD)

• 5.1 By Type
  • 5.1.1 Conventional / Traditional
  • 5.1.2 Modular / System Formwork
• 5.2 By Configuration
  • 5.2.1 Static
  • 5.2.2 Climbing
  • 5.2.3 Slipform
  • 5.2.4 Tunnel
• 5.3 By Business Model
  • 5.3.1 Sales
  • 5.3.2 Rental
• 5.4 By Sector
  • 5.4.1 Residential
  • 5.4.2 Commercial
  • 5.4.3 Industrial and Logistics
  • 5.4.4 Infrastructure
• 5.5 By Material
  • 5.5.1 Timber / Plywood
  • 5.5.2 Steel
  • 5.5.3 Aluminium
  • 5.5.4 Plastic / Fiberglass
  • 5.5.5 Other Materials
• 5.6 By Region
  • 5.6.1 North China
  • 5.6.2 East China
  • 5.6.3 South China
  • 5.6.4 Central China
  • 5.6.5 Southwest China
  • 5.6.6 Northwest China
  • 5.6.7 Northeast China

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Doka (China) Co., Ltd.
  • 6.4.2 PERI (China) Co., Ltd.
  • 6.4.3 ULMA Construction
  • 6.4.4 China State Construction Engineering Corporation
  • 6.4.5 China Railway Group Limited
  • 6.4.6 China Railway Construction Corporation
  • 6.4.7 Beijing Zulin Formwork and Scaffolding Co., Ltd.
  • 6.4.8 Zhejiang Jinggong Steel Building Group Co., Ltd.
  • 6.4.9 Zhejiang Zhongnan Construction Group Co., Ltd.
  • 6.4.10 Guangdong Jinma Aluminum Co., Ltd.
  • 6.4.11 Shandong Fangyuan Formwork Co., Ltd.
  • 6.4.12 Qingdao Alulite Formwork Scaffolding Co., Ltd.
  • 6.4.13 Shanghai Construction Group
  • 6.4.14 Zhejiang Yili Formwork Scaffolding Co., Ltd.
  • 6.4.15 Nanjing Dadi Engineering Technology Co., Ltd.
  • 6.4.16 Sichuan Huashi Group Co., Ltd.
  • 6.4.17 Guangzhou Kangtai Formwork and Scaffolding Co., Ltd.
  • 6.4.18 Suzhou TECON Construction Technology Co., Ltd.
  • 6.4.19 Zhongtian Construction Group Co., Ltd.
  • 6.4.20 Beijing Chengdong International Formwork Co., Ltd.
  • 6.4.21 Shenzhen Vanke New Materials Co., Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment