Turkey Hollow Concrete Blocks Market Size & Outlook
Turkey hollow concrete blocks market, 2018-2030 (US$B)
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Turkey hollow concrete blocks market highlights
- The Turkey hollow concrete blocks market generated a revenue of USD 1.2 billion in 2022 and is expected to reach USD 1.5 billion by 2030.
- The Turkey market is expected to grow at a CAGR of 3.3% 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 1.2 billion |
| Market revenue in 2030 | USD 1.5 billion |
| Growth rate | 3.3% (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, Turkey accounted for 0.5% 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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Turkey 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 58.33% in 2022. Horizon Databook has segmented the Turkey hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
The hollow concrete blocks market in Turkey is expected to witness steady growth over the forecast period owing to the increasing foreign investment in the country in construction application segment.
In addition, building trade relation with neighboring countries including Ukraine is expected to promote the influx of migrants in the country, thereby raising the demand for the hollow concrete block in residential construction projects.
Apart from housing requirements from the increasing immigrants in the country, the construction industry has thrived on low cost in terms of cheap labor availability. Also, this trend has been dominated by a sharp rise in the exchange rate, which is constantly decreasing as compared to the US dollar. This, in turn, has resulted in a lower cost of material procurement for construction activities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Turkey hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Turkey Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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