Market revenue in 2022 | USD 7.5 billion |
Market revenue in 2030 | USD 11.8 billion |
Growth rate | 5.9% (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 62.67% in 2022. Horizon Databook has segmented the Indonesia hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Government funding and increasing foreign investment to boost the country’s economic condition is anticipated to add growth prospects to its construction industry, thereby expected to positively influence the demand for hollow concrete blocks over the forecast period.
One of the major projects in the country is the relocation of the Indonesian capital city from Jakarta in Java to the east of Kalimantan. This is being done to relieve pressure on sinking, crowded, polluted, and traffic-clogged Jakarta. As per the Indonesian Officials, the overall project cost of the same is estimated to be USD 33 billion.
The government has launched Indonesian Investment Authority (INA) to draw foreign investment to develop the infrastructure, housing, and other development plans for the same. Hollow concrete blocks being an eco-friendly and low-maintenance alternative to traditional concrete and clay bricks is estimated to be of prior significance, hence estimated to propel the product demand over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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