PUBLISHER: Allied Market Research | PRODUCT CODE: 1032573
PUBLISHER: Allied Market Research | PRODUCT CODE: 1032573
The concrete block & brick manufacturing market was valued at $339,597.7 million in 2020, and is expected to reach $588,151.8 million by 2030, registering a CAGR of 5.7% from 2021 to 2030. The scope of the market includes revenue generated by sales of precast products, such as blocks and bricks, for construction of buildings and other infrastructure. Precast products are designed as per requirement and then manufactured on production site into desired shapes and sizes. Precast products can be manufactured in bulk quantity.
New construction projects and redevelopment or repairing of old buildings, bridges, roads, and other infrastructures are the major driving factors of the concrete block & brick manufacturing market. In addition, use of precast products saves a lot of construction time as well as avoids wastage of material, further giving cost-effective solution. Moreover, development of manufacturing technology along with new and advanced machinery drives the concrete block & brick manufacturing market across the globe. However, high investment to initially setup precast manufacturing facility acts as a restraint for the market growth. Moreover, rise in use of sustainable building material hinders the growth of the concrete block & brick manufacturing market. On the contrary, rise in development plans in emerging countries is expected to act as an opportunity for the concrete block & brick manufacturing market growth during the forecast period.
The concrete block & brick manufacturing market is segmented into type, application, end user, and region. By type, it is segregated into block and brick. Depending on application, it is classified into structural and non-structural. On the basis of end user, it is divided into residential sector and non-residential sector. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and the rest of Europe), Asia-Pacific (China, Bangladesh, Vietnam, India, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the concrete block & brick manufacturing market include Acme Brick Company, Bauroc AS, Boral, CEMEX, S.A.B. de C.V., CRH, Lignacite Ltd., Midwest Block & Brick, Mona Precast (Anglesey) Ltd., Wienerberger AG, and Xella Group. Major companies in the market have adopted strategies, such as business expansion, acquisition, product launch, and collaboration, to offer better products and services to customers in the concrete block & brick manufacturing market.
By Type
By Application
By End User
By Region