Russia Hollow Concrete Blocks Market Size & Outlook
Russia hollow concrete blocks market, 2018-2030 (US$B)
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Russia hollow concrete blocks market highlights
- The Russia hollow concrete blocks market generated a revenue of USD 5.4 billion in 2022 and is expected to reach USD 6.7 billion by 2030.
- The Russia market is expected to grow at a CAGR of 2.8% 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 5.4 billion |
| Market revenue in 2030 | USD 6.7 billion |
| Growth rate | 2.8% (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, Russia accounted for 2.2% 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 Europe, Germany hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 3.7 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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Russia 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 62.96% in 2022. Horizon Databook has segmented the Russia hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to the increasing government support for the housing land development and the maintenance of engineering infrastructure in multiapartment residential development. Government’s plans and initiatives to promote residential and non-residential construction in the country is expected to spur the demand for hollow concrete blocks soon.
For instance, the Russian government introduced the National plan post-global pandemic that comprised of an action program for the development of residential housing construction and mortgage lending. It also included over 200 initiatives of the ministry of construction, industry associations NOSTROY and NOZA, and DOM.RF.
This is expected to promote significant growth in the construction industry, thereby helping in increasing the demand for hollow concrete blocks over the forecast period. The rise in government investment for developing the residential and non-residential sector of the country is further adding growth prospects to the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Russia hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Russia Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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