India Hollow Concrete Blocks Market Size & Outlook
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- Hollow Concrete Blocks Market Outlook
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India Hollow Concrete Blocks Market, 2018-2030 (US$B)
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India hollow concrete blocks market highlights
- The India hollow concrete blocks market generated a revenue of USD 39.5 billion in 2022 and is expected to reach USD 79.8 billion by 2030.
- The India market is expected to grow at a CAGR of 9.2% 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 39.5 billion |
| Market revenue in 2030 | USD 79.8 billion |
| Growth rate | 9.2% (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, India accounted for 16.0% 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.
India is expected to be the fastest-growing market for hollow concrete blocks in the Asia Pacific. The launch of the ‘Make in India’ initiative to boost the manufacturing sector in the country is expected to have a positive impact on the growth of construction over the forecast period. Rapid industrialization and economic growth in the country are likely to drive industry growth over the forecast period.
The construction industry in India is expected to exhibit significant growth owing to huge investments in energy projects under programs such as National Skill Development Mission (NMSD), Atal Mission for Rejuvenation and Urban Transformation (AMRUT), 100 Smart Cities Mission, Make in India, and Power for all (PFA).
This, in turn, is anticipated to have a positive impact on product demand. In addition, increasing foreign direct investments in the country and a rise in the number of international companies entering the Indian market is expected to boost the growth of the construction sector further.
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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 |
India 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 63.04% in 2022.
Horizon Databook has segmented the India hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
India is expected to be the fastest-growing market for hollow concrete blocks in the Asia Pacific. The launch of the ‘Make in India’ initiative to boost the manufacturing sector in the country is expected to have a positive impact on the growth of construction over the forecast period. Rapid industrialization and economic growth in the country are likely to drive industry growth over the forecast period.
The construction industry in India is expected to exhibit significant growth owing to huge investments in energy projects under programs such as National Skill Development Mission (NMSD), Atal Mission for Rejuvenation and Urban Transformation (AMRUT), 100 Smart Cities Mission, Make in India, and Power for all (PFA).
This, in turn, is anticipated to have a positive impact on product demand. In addition, increasing foreign direct investments in the country and a rise in the number of international companies entering the Indian market is expected to boost the growth of the construction sector further.
- India Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- India 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 India Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Hollow Concrete Blocks Market, 2018-2030 (US$B)
India hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
