Indonesia Hollow Concrete Blocks Market Size & Outlook
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- Hollow Concrete Blocks Market Outlook
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Indonesia Hollow Concrete Blocks Market, 2018-2030 (US$B)
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Indonesia hollow concrete blocks market highlights
- The Indonesia hollow concrete blocks market generated a revenue of USD 7.5 billion in 2022 and is expected to reach USD 11.8 billion by 2030.
- The Indonesia market is expected to grow at a CAGR of 5.9% 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 7.5 billion |
| Market revenue in 2030 | USD 11.8 billion |
| Growth rate | 5.9% (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, Indonesia accounted for 3.0% 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.
Government funding and increasing foreign investment to boost the country’s economic condition is anticipated to add growth prospects to its construction industry, thereby expected to positively influence the demand for hollow concrete blocks over the forecast period.
One of the major projects in the country is the relocation of the Indonesian capital city from Jakarta in Java to the east of Kalimantan. This is being done to relieve pressure on sinking, crowded, polluted, and traffic-clogged Jakarta. As per the Indonesian Officials, the overall project cost of the same is estimated to be USD 33 billion.
The government has launched Indonesian Investment Authority (INA) to draw foreign investment to develop the infrastructure, housing, and other development plans for the same. Hollow concrete blocks being an eco-friendly and low-maintenance alternative to traditional concrete and clay bricks is estimated to be of prior significance, hence estimated to propel the product demand 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 |
Indonesia 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 62.67% in 2022.
Horizon Databook has segmented the Indonesia hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Government funding and increasing foreign investment to boost the country’s economic condition is anticipated to add growth prospects to its construction industry, thereby expected to positively influence the demand for hollow concrete blocks over the forecast period.
One of the major projects in the country is the relocation of the Indonesian capital city from Jakarta in Java to the east of Kalimantan. This is being done to relieve pressure on sinking, crowded, polluted, and traffic-clogged Jakarta. As per the Indonesian Officials, the overall project cost of the same is estimated to be USD 33 billion.
The government has launched Indonesian Investment Authority (INA) to draw foreign investment to develop the infrastructure, housing, and other development plans for the same. Hollow concrete blocks being an eco-friendly and low-maintenance alternative to traditional concrete and clay bricks is estimated to be of prior significance, hence estimated to propel the product demand over the forecast period.
- Indonesia Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- Indonesia 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 Indonesia Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Indonesia Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Indonesia Hollow Concrete Blocks Market, 2018-2030 (US$B)
Indonesia hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
