China Hollow Concrete Blocks Market Size & Outlook
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- Construction Materials
- Hollow Concrete Blocks Market Outlook
- Construction Materials
China Hollow Concrete Blocks Market, 2018-2030 (US$B)
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China hollow concrete blocks market highlights
- The China hollow concrete blocks market generated a revenue of USD 66.2 billion in 2022 and is expected to reach USD 101.0 billion by 2030.
- The China market is expected to grow at a CAGR of 5.4% 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 66.2 billion |
| Market revenue in 2030 | USD 101.0 billion |
| Growth rate | 5.4% (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, China accounted for 26.8% 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 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.
China is one of the largest construction markets in the world and is expected to continue to remain the same over the forecast period. The market is expected to witness substantial growth in the construction industry due to increasing urbanization, disposable income, changing consumer lifestyle, and national commitments for resource conservation along with a reduction in greenhouse gases in the region.
The Chinese economy is expected to be supported by the growing demand for consumer-oriented constructions. As per a survey conducted by the People’s Bank of China, residential properties accounted for 59.1% of the total urban household assets in the Country.
This is further expected to increase in the near future due to Chinese government new policy to have up to three children, announced in May 2021. As a result, increase in the population is expected to increase the residential space for the families, thereby contributing to the construction market growth over the forecast period.
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Publish Date: Jun 27, 2024
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Hollow Concrete Blocks Market Scope
Hollow Concrete Blocks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CRH PLC | View profile | 78,500 | Stonemason’s Way, Rathfarnham, Dublin, Ireland, D16 KH51 | www.crh.com |
| Cemex SAB de CV ADR | View profile | 46,497 | Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, Mexico, 66265 | www.cemex.com |
| UltraTech Cement Ltd DR | View profile | 22,916 | Mahakali Caves Road, B Wing, Ahura Centre, 2nd Floor, Andheri (East), Mumbai, MH, India, 400 093 | www.ultratechcement.com |
| Berkshire Hathaway Inc Class A | View profile | 396,500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | www.berkshirehathaway.com |
| BGC Group Inc Ordinary Shares Class A | View profile | 3,895 | 499 Park Avenue, New York, NY, United States, 10022 | www.bgcg.com |
| Taylor Devices Inc | View profile | 125 | 90 Taylor Drive, P.O. Box 748, North Tonawanda, North Tonawanda, NY, United States, 14120 | www.taylordevices.com |
China 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 Outlook will help companies and investors design strategic landscapes.
Split-Faced was the largest segment with a revenue share of 62.99% in 2022.
Horizon Databook has segmented the China hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the largest construction markets in the world and is expected to continue to remain the same over the forecast period. The market is expected to witness substantial growth in the construction industry due to increasing urbanization, disposable income, changing consumer lifestyle, and national commitments for resource conservation along with a reduction in greenhouse gases in the region.
The Chinese economy is expected to be supported by the growing demand for consumer-oriented constructions. As per a survey conducted by the People’s Bank of China, residential properties accounted for 59.1% of the total urban household assets in the Country.
This is further expected to increase in the near future due to Chinese government new policy to have up to three children, announced in May 2021. As a result, increase in the population is expected to increase the residential space for the families, thereby contributing to the construction market growth over the forecast period.
- China Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- China Hollow Concrete Blocks Market Application Outlook (Revenue, USD Billion , 2018-2030)
- Residential
- Non-residential
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Horizon Databook provides a detailed overview of country-level data and insights on the China Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Hollow Concrete Blocks Market, 2018-2030 (US$B)
China hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
