Canada Hollow Concrete Blocks Market Size & Outlook
Canada hollow concrete blocks market, 2018-2030 (US$B)
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Canada hollow concrete blocks market highlights
- The Canada hollow concrete blocks market generated a revenue of USD 2.8 billion in 2022 and is expected to reach USD 3.1 billion by 2030.
- The Canada market is expected to grow at a CAGR of 1% from 2023 to 2030.
- In terms of segment, split-faced was the largest revenue generating product in 2022.
- Split-faced is the most lucrative product segment registering the fastest growth during the forecast period.
Hollow concrete blocks market data book summary
| Market revenue in 2022 | USD 2.8 billion |
| Market revenue in 2030 | USD 3.1 billion |
| Growth rate | 1% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Split-faced, Smooth-faced |
| Key market players worldwide | Berkshire Hathaway Inc Class A, Cemex SAB de CV ADR, CRH PLC, BGC Group Inc Ordinary Shares Class A, Taylor Devices Inc, UltraTech Cement Ltd DR |
Other key industry trends
- In terms of revenue, Canada accounted for 1.1% of the global hollow concrete blocks market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, Mexico hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 33.4 billion by 2030.
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Hollow Concrete Blocks Market Scope
Hollow Concrete Blocks Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 64.29% in 2022. Horizon Databook has segmented the Canada hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
The market in the country is anticipated to witness sluggish growth over the forecast period owing to the presence of concrete substitutes including wood. Canada is one of the major consumers of wood in the construction segment, which is thus expected to hamper the growth of concrete hollow blocks.
The Canadian construction sector is one of the major contributors to the country’s GDP and as per International Trade Administration, the construction segment contributes over 7% to the Canadian GDP. There are four key sectors in the construction industry in Canada: civil engineering, new house renovation and building, heavy industries, and commercial and institutional infrastructure.
Canada’s residential sector is a leading indicator of the overall condition of the economy of Canada. However, in terms of hollow concrete blocks consumption, the non-residential application segment is expected to dominate the overall hollow concrete market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Canada hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Canada Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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