Europe Hollow Concrete Blocks Market Size & Outlook
- Materials
- Construction Materials
- Hollow Concrete Blocks Market Outlook
- Construction Materials
Europe Hollow Concrete Blocks Market, 2018-2030 (US$B)
Global Market
Related Markets
Ask a question about the hollow concrete blocks market
Europe hollow concrete blocks market highlights
- The Europe hollow concrete blocks market generated a revenue of USD 38.0 billion in 2022.
- The market is expected to grow at a CAGR of 2.7% 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.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 38.0 billion |
| Market revenue in 2030 | USD 47.1 billion |
| Growth rate | 2.7% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 15.4% of the global hollow concrete blocks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9.1 billion by 2030.
According to the International Monetary Funds (IMF), the European economy is broadening and strengthening significantly with growth in GDP at 2.4%. The growth in the region is attributed to the increasing private investments in various economies.
The prospective recovery of the construction industry post-pandemic coupled with rising penetration of concrete blocks including split-faced & smooth-faced concrete blocks in the region is expected to drive the market growth on a positive note.
Increased construction activity in Europe on account of low mortgage rates is expected to propel the demand for hollow concrete products in new construction as well as renovation activities. However, high labor costs are expected to negatively influence the construction industry in the region, which, in turn, may result in sluggish growth of the hollow concrete blocks market over the forecast period.
No credit card required*
Publish Date: Jun 27, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Europe 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 62.89% in 2022.
Horizon Databook has segmented the Europe hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Funds (IMF), the European economy is broadening and strengthening significantly with growth in GDP at 2.4%. The growth in the region is attributed to the increasing private investments in various economies.
The prospective recovery of the construction industry post-pandemic coupled with rising penetration of concrete blocks including split-faced & smooth-faced concrete blocks in the region is expected to drive the market growth on a positive note.
Increased construction activity in Europe on account of low mortgage rates is expected to propel the demand for hollow concrete products in new construction as well as renovation activities. However, high labor costs are expected to negatively influence the construction industry in the region, which, in turn, may result in sluggish growth of the hollow concrete blocks market over the forecast period.
- Europe Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- Europe Hollow Concrete Blocks Market Application Outlook (Revenue, USD Billion , 2018-2030)
- Residential
- Non-residential
Reasons to subscribe to Hollow Concrete Blocks Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Hollow Concrete Blocks Market Outlook databook
- Our clientele includes a mix of Hollow Concrete Blocks Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Hollow Concrete Blocks Market, 2018-2030 (US$B)
Europe hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
