UAE Hollow Concrete Blocks Market Size & Outlook
UAE hollow concrete blocks market, 2018-2030 (US$B)
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UAE hollow concrete blocks market highlights
- The UAE hollow concrete blocks market generated a revenue of USD 2.1 billion in 2022 and is expected to reach USD 3.0 billion by 2030.
- The UAE market is expected to grow at a CAGR of 5% 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 2.1 billion |
| Market revenue in 2030 | USD 3.0 billion |
| Growth rate | 5% (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, UAE accounted for 0.8% 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 Middle East & Africa, Saudi Arabia hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.3 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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UAE 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 61.9% in 2022. Horizon Databook has segmented the UAE 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 the United Arab Emirates (UAE) is expected to reach USD 2.8 billion by 2028. The rise in government spending on infrastructure and rising demand for affordable & durable building & construction solutions in the region is expected to drive the demand for different types of hollow concrete blocks over the forecast period.
Expanding tourism sector, flourishing industrial output, and increasing exports are expected to aid the economic growth of the UAE. The country exhibits a positive outlook for the construction industry, owing to the rising consumer preference of single-family housing, and improved real estate activity.
The construction sector is expected to benefit from development in tourism, major government investments in infrastructure, and international events such as Expo 2020. Increasing construction activities in the country are expected to augment the demand for hollow concrete blocks 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into UAE hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
UAE Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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