Mexico - North America Hollow Concrete Blocks Market Size & Outlook
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- Construction Materials
- Hollow Concrete Blocks Market Outlook
- Construction Materials
Mexico - North America Hollow Concrete Blocks Market, 2018-2030 (US$B)
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Mexico hollow concrete blocks market highlights
- The Mexico hollow concrete blocks market generated a revenue of USD 22.1 billion in 2022 and is expected to reach USD 33.4 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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 22.1 billion |
| Market revenue in 2030 | USD 33.4 billion |
| Growth rate | 5.3% (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, Mexico accounted for 8.9% 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 North America, Mexico hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 33.4 billion by 2030.
Mexico is expected to emerge as the second-largest market for the hollow concrete blocks over the forecast period owing to the increasing growth in the non-residential application segment which contributes more than 56% to the total market.
In addition, a persistent rise in the country’s population is expected to promote growth for the residential application segment, thereby adding growth to the overall hollow concrete market.
Mexico provides a good opportunity for the growth of the hollow concrete blocks market as most of the Mexican construction has revolved around conventional methods with brick and mortar and changing to eco-friendly and low-maintenance construction material is expected to open new growth avenues for the market 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 |
Mexico - North America 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 62.9% in 2022.
Horizon Databook has segmented the Mexico - North America hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to emerge as the second-largest market for the hollow concrete blocks over the forecast period owing to the increasing growth in the non-residential application segment which contributes more than 56% to the total market.
In addition, a persistent rise in the country’s population is expected to promote growth for the residential application segment, thereby adding growth to the overall hollow concrete market.
Mexico provides a good opportunity for the growth of the hollow concrete blocks market as most of the Mexican construction has revolved around conventional methods with brick and mortar and changing to eco-friendly and low-maintenance construction material is expected to open new growth avenues for the market over the forecast period.
- Mexico - North America Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- Mexico - North America 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 Mexico - North America Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Hollow Concrete Blocks Market, 2018-2030 (US$B)
Mexico hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
