North America Hollow Concrete Blocks Market Size & Outlook
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- Hollow Concrete Blocks Market Outlook
- Construction Materials
North America Hollow Concrete Blocks Market, 2018-2030 (US$B)
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North America hollow concrete blocks market highlights
- The North America hollow concrete blocks market generated a revenue of USD 48.0 billion in 2022.
- The market is expected to grow at a CAGR of 3.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 48.0 billion |
| Market revenue in 2030 | USD 64.9 billion |
| Growth rate | 3.9% (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, North America region accounted for 19.4% 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.
Rising demand for housing coupled with increased government aid for residential construction in countries including the U.S., and Canada is anticipated to further benefit the demand for hollow concrete blocks in the residential application segment.
Furthermore, rapid commercial growth of the region is likely to open new avenues for various industries to expand markets such as hospitality, retail, and others, which in turn is expected to aid market growth for hollow concrete blocks in the region over the forecast period.
North America is one of the leading markets for construction and associated industries. The demand for infrastructure and availability of technologically advanced multinational companies contributes a significant share to the market, accounting for more than 39% of the total market. The U.S. construction market accounts for a major share in the rapid development of the construction industry in the region.
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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 |
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 62.92% in 2022.
Horizon Databook has segmented the North America hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand for housing coupled with increased government aid for residential construction in countries including the U.S., and Canada is anticipated to further benefit the demand for hollow concrete blocks in the residential application segment.
Furthermore, rapid commercial growth of the region is likely to open new avenues for various industries to expand markets such as hospitality, retail, and others, which in turn is expected to aid market growth for hollow concrete blocks in the region over the forecast period.
North America is one of the leading markets for construction and associated industries. The demand for infrastructure and availability of technologically advanced multinational companies contributes a significant share to the market, accounting for more than 39% of the total market. The U.S. construction market accounts for a major share in the rapid development of the construction industry in the region.
- North America Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- 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 continent-level data and insights on the North America Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Hollow Concrete Blocks Market, 2018-2030 (US$B)
North America hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
