Global Hollow Concrete Blocks Market Size & Outlook
Global hollow concrete blocks market, 2018-2030 (US$B)
Related Markets
Global hollow concrete blocks market highlights
- The global hollow concrete blocks market generated a revenue of USD 247.1 billion in 2022 and is expected to reach USD 374.2 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.3% by 2030.
- In terms of segment, split-faced accounted for a revenue of USD 155.8 billion in 2022.
- Split-faced is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 247.1 billion |
| Market revenue in 2030 | USD 374.2 billion |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Split-faced, Smooth-faced |
Other key industry trends
- In terms of revenue, the North America accounted for 19.4% of the global hollow concrete blocks market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 3.1 billion by 2030.
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Hollow Concrete Blocks Market Scope
Hollow Concrete Blocks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hollow concrete blocks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hollow concrete blocks market will help companies and investors design strategic landscapes.
Split-faced was the largest segment with a revenue share of 63.05% in 2022. Horizon Databook has segmented the Global hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hollow Concrete Blocks Product Outlook (Revenue, USD Billion, 2018-2030)
- Split-faced
- Smooth-faced
- Global Hollow Concrete Blocks Application Outlook (Revenue, USD Billion, 2018-2030)
- Residential
- Non-residential
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hollow concrete blocks market , including forecasts for subscribers. This global databook contains high-level insights into Global hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hollow concrete blocks market outlook size, by region, 2018-2030 (US$B)
Top 10 countries: Hollow concrete blocks market size, 2022 (US$B)
Global hollow concrete blocks market share, by product, 2022 & 2030 (%, US$B)
Hollow concrete blocks market: Opportunity assessment by country
Global hollow concrete blocks market, by region, 2022 (US$B)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 45.9 | 47.7 | 42.9 | 46.4 | 48.0 | 49.7 | 51.5 | 53.4 | 55.5 | 57.7 | 60.0 | 62.4 | 64.9 | 3.9% |
| Europe | 36.7 | 37.8 | 35.0 | 36.8 | 38.0 | 39.0 | 40.1 | 41.3 | 42.4 | 43.7 | 44.7 | 45.9 | 47.1 | 2.7% |
| Asia Pacific | 131.8 | 139.6 | 133.5 | 135.9 | 144.7 | 153.7 | 163.4 | 173.5 | 184.4 | 196.2 | 208.8 | 222.5 | 236.5 | 6.3% |
| Latin America | 5.0 | 5.2 | 4.6 | 4.3 | 4.6 | 4.9 | 5.2 | 5.4 | 5.7 | 6.0 | 6.3 | 4.0 | 9.1 | 9.0% |
| MEA | 11.6 | 12.1 | 11.1 | 11.6 | 12.0 | 12.5 | 13.0 | 13.5 | 14.1 | 14.6 | 15.2 | 15.9 | 16.6 | 4.1% |
| Overall | 231.0 | 242.4 | 227.0 | 234.9 | 247.1 | 259.8 | 273.2 | 287.1 | 302.1 | 318.1 | 335.0 | 350.7 | 374.2 | 5.3% |
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