U.S. Hollow Concrete Blocks Market Size & Outlook, 2022-2030
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- Hollow Concrete Blocks Market Outlook
- Construction Materials
U.S. Hollow Concrete Blocks Market, 2018-2030 (US$B)
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U.S. hollow concrete blocks market highlights
- The U.S. hollow concrete blocks market generated a revenue of USD 23.1 billion in 2022 and is expected to reach USD 28.5 billion by 2030.
- The U.S. 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.
Hollow concrete blocks market data book summary
| Market revenue in 2022 | USD 23.1 billion |
| Market revenue in 2030 | USD 28.5 billion |
| Growth rate | 2.7% (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, U.S. accounted for 9.3% 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.
The U.S. is one of the major markets for hollow concrete blocks on account of its highly developed economy, growing construction spending combined with a highly skilled workforce, and R&D initiatives to encourage product innovation.
Construction is one of the major contributors to the U.S. economy. The country is home to several global constructional companies such as AECOM Technology Corp, and Jacobs Engineering Group offering huge employment, and economic stability to a major extent.
The cities like Texas, California, Florida, Arizona, and Georgia are gaining attention of multinational companies towards their development potential, thus expected to witness significant growth in terms of construction and thus the infrastructural development.
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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 |
U.S. 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 62.77% in 2022.
Horizon Databook has segmented the U.S. hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the major markets for hollow concrete blocks on account of its highly developed economy, growing construction spending combined with a highly skilled workforce, and R&D initiatives to encourage product innovation.
Construction is one of the major contributors to the U.S. economy. The country is home to several global constructional companies such as AECOM Technology Corp, and Jacobs Engineering Group offering huge employment, and economic stability to a major extent.
The cities like Texas, California, Florida, Arizona, and Georgia are gaining attention of multinational companies towards their development potential, thus expected to witness significant growth in terms of construction and thus the infrastructural development.
- U.S. Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- U.S. 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 U.S. Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Hollow Concrete Blocks Market, 2018-2030 (US$B)
U.S. hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
