Europe Hollow Concrete Blocks Market Size & Outlook
Europe hollow concrete blocks market, 2018-2030 (US$B)
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Europe hollow concrete blocks market highlights
- The Europe hollow concrete blocks market generated a revenue of USD 38.0 billion in 2022.
- The market is expected to grow at a CAGR of 2.7% 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.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 38.0 billion |
| Market revenue in 2030 | USD 47.1 billion |
| Growth rate | 2.7% (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 |
| 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, Europe region accounted for 15.4% of the global hollow concrete blocks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9.1 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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Europe 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 62.89% in 2022. Horizon Databook has segmented the Europe hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Funds (IMF), the European economy is broadening and strengthening significantly with growth in GDP at 2.4%. The growth in the region is attributed to the increasing private investments in various economies.
The prospective recovery of the construction industry post-pandemic coupled with rising penetration of concrete blocks including split-faced & smooth-faced concrete blocks in the region is expected to drive the market growth on a positive note.
Increased construction activity in Europe on account of low mortgage rates is expected to propel the demand for hollow concrete products in new construction as well as renovation activities. However, high labor costs are expected to negatively influence the construction industry in the region, which, in turn, may result in sluggish growth of the hollow concrete blocks market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hollow concrete blocks market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hollow concrete blocks market outlook size, by country, 2018-2030 (US$B)
Europe Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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