Asia-Pacific Mivan Construction Market is Expected to grow at a robust CAGR of 12.11% through 2030F
The
increasing Asia-Pacific Mivan construction market is driven by growing demand
for high-speed construction, increasing urbanization and infrastructure
development during the forecast period 2026-2030F.
According
to TechSci Research report, “Asia-Pacific
Mivan Construction Market – By Country, Competition, Forecast and Opportunities, 2020-2030F”, The Asia-Pacific Mivan Construction
Market was valued at USD 1.09 Billion in 2024 and is expected to reach USD 2.18
Billion by 2030 with a CAGR of 12.11% during the forecast period. One of the
most notable trends in the Asia-Pacific Mivan Construction Market is the
increasing demand for faster and more efficient construction methods. Mivan
construction is known for its ability to reduce construction time
significantly, with projects often completed 30-50% faster than traditional
methods. This time-saving advantage is particularly attractive in urbanizing
regions of Asia-Pacific, where the need for rapid infrastructure development is
critical to meet the demands of growing populations and expanding cities.
Governments
and private developers are increasingly seeking methods that reduce
construction timelines without compromising on quality. The Mivan construction
technique, which involves the use of pre-engineered aluminum formwork, offers a
solution that enables faster construction of multi-story buildings, including
residential complexes, commercial spaces, and infrastructure projects.
This
demand for speed is not only driven by economic factors but also by a growing
focus on reducing disruptions in urban environments. Construction that is
completed in a shorter time frame reduces traffic and operational disruptions,
which is especially crucial in congested metropolitan areas. Consequently,
Mivan technology is expected to gain further traction, as it aligns with the
market's demand for quick-to-deliver infrastructure solutions.
As
the urbanization rate in the region continues to rise, particularly in India,
China, and Southeast Asia, Mivan construction is well-positioned to meet these
demands. Developers and contractors are more likely to adopt this method as a
way to meet tight deadlines and improve overall project efficiency. This trend
towards high-speed construction is expected to accelerate the adoption of Mivan
technology in both residential and commercial projects throughout the
Asia-Pacific region, particularly in rapidly developing markets like India and
China.
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Asia-Pacific Mivan Construction Market"
Based
on construction Type, New Construction is the fastest growing segment in the Asia-Pacific
Mivan Construction market during the forecast period, due to the region's
aggressive infrastructure development, rapid urbanization, and the need to meet
rising housing and commercial space demands. Countries like India, China,
Vietnam, and Indonesia are experiencing massive population growth and
rural-to-urban migration, placing pressure on urban infrastructure and
requiring large volumes of new residential and commercial buildings. In
response, governments and private developers are investing heavily in new
construction projects, where Mivan technology offers distinct advantages.
Mivan
construction is particularly well-suited for new, high-rise buildings, which
are becoming more common in densely populated urban areas. The system’s use of aluminum
formwork allows for faster construction cycles, often reducing build times by
30% to 50% compared to traditional methods. This speed is essential in new
housing developments, where timely delivery is critical to keeping up with
demand and maintaining project profitability.
Based
on country, India is the fastest growing country in the Asia-Pacific Mivan
Construction Market during the forecast period due to its aggressive
urbanization, rising demand for affordable housing, and large-scale
infrastructure development. With a rapidly expanding population and increasing
rural-to-urban migration, the demand for high-density residential buildings and
commercial infrastructure has surged across major Indian cities. Mivan
construction technology, known for its speed, efficiency, and
cost-effectiveness, offers an ideal solution to address these pressing needs.
The
Indian government’s ambitious housing programs—such as Pradhan Mantri Awas
Yojana (PMAY) and Smart Cities Mission—are major drivers of this growth. These
initiatives aim to provide housing for all and promote sustainable urban
development, which aligns perfectly with the Mivan system’s benefits. The
technology allows faster completion of housing units with fewer labor
requirements, helping to meet tight construction deadlines and address labor
shortages commonly seen in the Indian construction sector.
Moreover,
India’s real estate developers and infrastructure companies are increasingly
adopting modern construction technologies to maintain competitiveness, reduce
construction delays, and improve structural quality. Mivan construction is
gaining traction in metro cities like Mumbai, Delhi, Bangalore, and Pune, where
space constraints and the need for vertical construction are pushing builders
toward advanced formwork solutions.
Key
market players in the Asia-Pacific Mivan Construction market are: -
- 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.
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“The
Asia-Pacific Mivan Construction market offers significant opportunities driven
by rapid urbanization, rising demand for affordable and high-rise housing, and
government initiatives promoting fast-paced infrastructure development.
Countries like India, Vietnam, and the Philippines are investing in large-scale
residential and commercial projects, creating strong demand for efficient
construction technologies. Mivan’s advantages—such as reduced labor dependency,
faster construction cycles, and minimal material waste—align with
sustainability goals and urban planning strategies. Additionally, increasing
awareness, technological advancements, and skill development initiatives are
expected to accelerate adoption. These factors position the region as a fertile
ground for Mivan-based solutions in both public and private sector projects.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Asia-Pacific Mivan Construction Market By
Construction Type (New Construction, Renovation), By Application (Residential
Construction, Commercial Construction, Industrial Construction), By Formwork
(Single-Use Formwork, Reusable Formwork), By Component (Wall Component, Beam
Components, Deck Components, Others), By Country, Competition, Forecast and
Opportunities, 2020-2030F,” has evaluated the future growth
potential of Asia-Pacific Mivan Construction Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Asia-Pacific Mivan Construction Market.
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