Market Forecast By Slide Type (China Fir, Timber, Pine Wood, Ply Wood), By Application (Buildings, Transportation, Industrial Facilities) And Competitive Landscape
Product Code: ETC353554 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Myanmar Wooden Formwork Systems Market is expected to register a highest CAGR during the forecast period on the back of booming construction industry over the past few years. The primary reasons for this growth are increasing infrastructural development and urbanization activities in the country. Additionally, the government is capitalizing heavily in infrastructure development projects, such as seaports, roadways, railways, and airports, which is anticipated to bolster the demand for wooden formwork systems in the country. The rising number of construction projects in Myanmar is projected to drive the Myanmar Wooden Formwork Systems Market Growth in the future years. Moreover, the increasing use of wood formworks for various applications such as tunnels, bridges, dams, and industrial structures are further augmenting the market growth. However, lack of expert manpower and high maintenance cost associated with wooden formwork systems are expected to hamper the market size to grow further.
According to 6Wresearch, Myanmar Wooden Formwork Systems Market is expected to grow during 2022-2028. The growth is driven by strong economic growth and increased foreign investment. Additionally, the country has seen a tremendous growth in its construction industry during the forecast period on the account of population growth, urbanization, and economic development. The government of Myanmar has also been investing heavily in infrastructure development which further contributes in boosting the Myanmar Wooden Formwork Systems Market share in the coming years. However, high costs associated with wooden formwork systems and lack of trained workforce are some of the key restraining factors for the market expansion. Notwithstanding, the Wooden formwork systems are expected to be the fastest-growing type of formwork system over the forecast period driven by their advantages over traditional methods.
The COVID-19 pandemic influenced the Myanmar Wooden Formwork Systems Market size unfavorably as the epidemic led to a sharp decline in demand for construction activity due to which projects were put on hold and restrictions were placed on movement and public gatherings. This had a knock-on effect on the formwork systems market along with declining sales. In addition, the closure of international borders has disrupted the supply of raw materials and components required for manufacturing formwork systems, leading to a product scarcity in the market.
Based on Slide type, the market is segmented into Timber, Pine Wood, China Fir, and Ply Wood. Each of the slide type are the major form of wooden formworks.
Based on Application, the market is categorized into Industrial Facilities, Buildings, Transportation. The buildings segment is growing at rapid pace rate owing to the flourishing construction industry.
The Myanmar Wooden Formwork Systems Industry is highly competitive with many foremost players. These players have a strong presence in the market and offer a wide range of products to satisfy their clients. The competitive landscape of Myanmar wooden formwork systems market is highly fragmented with several small and medium-sized players accounting for a significant share of the market. The competition in the Myanmar wooden formwork systems market is expected to increase in the coming years, as more foreign companies enter the market and more SMEs expand their operations. The key players in the market are focused on product innovation and differentiation to gain a competitive edge in the market. Furthermore, they are engaged in various activities such as product launches, mergers & acquisitions, expansions, and partnerships to gain a competitive edge in the market.
Report Name | Myanmar Wooden Formwork Systems Market |
Base Year | 2021 |
Historical Period | 2018-2021 |
Forecast Period | 2022-2028 |
Market Size Value | XXXX |
Revenue Forecast | XXXX |
Growth Rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Slide Type, By Application |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Myanmar Wooden Formwork Systems Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Wooden Formwork Systems Market Revenues & Volume, 2021 & 2028F |
3.3 Myanmar Wooden Formwork Systems Market - Industry Life Cycle |
3.4 Myanmar Wooden Formwork Systems Market - Porter's Five Forces |
3.5 Myanmar Wooden Formwork Systems Market Revenues & Volume Share, By Slide Type, 2021 & 2028F |
3.6 Myanmar Wooden Formwork Systems Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Myanmar Wooden Formwork Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Myanmar Wooden Formwork Systems Market Trends |
6 Myanmar Wooden Formwork Systems Market, By Types |
6.1 Myanmar Wooden Formwork Systems Market, By Slide Type |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Slide Type, 2018 - 2028F |
6.1.3 Myanmar Wooden Formwork Systems Market Revenues & Volume, By China Fir, 2018 - 2028F |
6.1.4 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Timber, 2018 - 2028F |
6.1.5 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Pine Wood, 2018 - 2028F |
6.1.6 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Ply Wood, 2018 - 2028F |
6.2 Myanmar Wooden Formwork Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Buildings, 2018 - 2028F |
6.2.3 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Transportation, 2018 - 2028F |
6.2.4 Myanmar Wooden Formwork Systems Market Revenues & Volume, By Industrial Facilities, 2018 - 2028F |
7 Myanmar Wooden Formwork Systems Market Import-Export Trade Statistics |
7.1 Myanmar Wooden Formwork Systems Market Export to Major Countries |
7.2 Myanmar Wooden Formwork Systems Market Imports from Major Countries |
8 Myanmar Wooden Formwork Systems Market Key Performance Indicators |
9 Myanmar Wooden Formwork Systems Market - Opportunity Assessment |
9.1 Myanmar Wooden Formwork Systems Market Opportunity Assessment, By Slide Type, 2021 & 2028F |
9.2 Myanmar Wooden Formwork Systems Market Opportunity Assessment, By Application, 2021 & 2028F |
10 Myanmar Wooden Formwork Systems Market - Competitive Landscape |
10.1 Myanmar Wooden Formwork Systems Market Revenue Share, By Companies, 2021 |
10.2 Myanmar Wooden Formwork Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |