Market revenue in 2022 | USD 66.2 billion |
Market revenue in 2030 | USD 101.0 billion |
Growth rate | 5.4% (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 |
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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 62.99% in 2022. Horizon Databook has segmented the China hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the largest construction markets in the world and is expected to continue to remain the same over the forecast period. The market is expected to witness substantial growth in the construction industry due to increasing urbanization, disposable income, changing consumer lifestyle, and national commitments for resource conservation along with a reduction in greenhouse gases in the region.
The Chinese economy is expected to be supported by the growing demand for consumer-oriented constructions. As per a survey conducted by the People’s Bank of China, residential properties accounted for 59.1% of the total urban household assets in the Country.
This is further expected to increase in the near future due to Chinese government new policy to have up to three children, announced in May 2021. As a result, increase in the population is expected to increase the residential space for the families, thereby contributing to the construction market growth over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the China hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into China hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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