China Hollow Concrete Blocks Market Size & Outlook

The hollow concrete blocks market in China is expected to reach a projected revenue of US$ 101.0 billion by 2030. A compound annual growth rate of 5.4% is expected of China hollow concrete blocks market from 2023 to 2030.
Revenue, 2022 (US$B)
$66.2
Forecast, 2030 (US$B)
$101.0
CAGR, 2023 - 2030
5.4%
Report Coverage
China

China hollow concrete blocks market highlights

  • The China hollow concrete blocks market generated a revenue of USD 66.2 billion in 2022 and is expected to reach USD 101.0 billion by 2030.
  • The China market is expected to grow at a CAGR of 5.4% 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 2022USD 66.2 billion
Market revenue in 2030USD 101.0 billion
Growth rate5.4% (CAGR from 2022 to 2030)
Largest segmentSplit-faced
Fastest growing segmentSplit-faced
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationSplit-faced, Smooth-faced
Key market players worldwideBerkshire 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, China accounted for 26.8% 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 Asia Pacific, China hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 79.8 billion by 2030.

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Hollow Concrete Blocks Market Scope

Hollow concrete blocks market segmentation & scope

Hollow Concrete Blocks Market Companies

Name Profile # Employees HQ Website

China 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 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.

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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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China hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)

China Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)

China hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)

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