Singapore Hollow Concrete Blocks Market Size & Outlook
Singapore hollow concrete blocks market, 2018-2030 (US$B)
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Singapore hollow concrete blocks market highlights
- The Singapore hollow concrete blocks market generated a revenue of USD 7.4 billion in 2022 and is expected to reach USD 9.4 billion by 2030.
- The Singapore market is expected to grow at a CAGR of 3.1% 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 7.4 billion |
| Market revenue in 2030 | USD 9.4 billion |
| Growth rate | 3.1% (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, Singapore accounted for 3.0% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 62.16% in 2022. Horizon Databook has segmented the Singapore hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
High tourism influx, financial services, and high import/export in the country is anticipated to add construction for trade offices, shopping malls, warehouses, and offices, thereby expected to add growth to the hollow concrete blocks market over the forecast period.
The government’s plans to invest in the infrastructure development to boost the growth of the construction industry in the country is expected to result in modest product demand in the nonresidential application segment. The construction industry in Singapore is heavily dependent on the finance sector for funding.
Despite the country experiencing spillover effects of the economic slowdown in China and less favorable domestic economic conditions, the willingness of the banking sector to offer loans may improve the construction activities in the country. This, in turn, is likely to benefit the product demand over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Singapore hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Singapore Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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