Mexico Hollow Concrete Blocks Market Size & Outlook
Mexico hollow concrete blocks market, 2018-2030 (US$B)
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Mexico hollow concrete blocks market highlights
- The Mexico hollow concrete blocks market generated a revenue of USD 22.1 billion in 2022 and is expected to reach USD 33.4 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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 22.1 billion |
| Market revenue in 2030 | USD 33.4 billion |
| Growth rate | 5.3% (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, Mexico accounted for 8.9% 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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Mexico 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 62.9% in 2022. Horizon Databook has segmented the Mexico hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to emerge as the second-largest market for the hollow concrete blocks over the forecast period owing to the increasing growth in the non-residential application segment which contributes more than 56% to the total market.
In addition, a persistent rise in the country’s population is expected to promote growth for the residential application segment, thereby adding growth to the overall hollow concrete market.
Mexico provides a good opportunity for the growth of the hollow concrete blocks market as most of the Mexican construction has revolved around conventional methods with brick and mortar and changing to eco-friendly and low-maintenance construction material is expected to open new growth avenues for the market over the forecast period.
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Our clientele includes a mix of hollow concrete blocks market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Mexico hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Mexico Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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