Hollow Concrete Blocks Market Size, Revenue Share, Growth Trends, Major Players, and Forecast, 2021–2027

 


The global Hollow Concrete Blocks market is forecasted to reach USD 602.69 Billion by 2027, according to a new report by Reports and Data. Hollow concrete blocks are lighter than bricks, simpler to position, and also prove frugal in terms of base costs and cement use. These blocks provide faster construction speed, even quality, lower labor involvement, and higher durability than conventional bricks. Builders use these blocks in construction works to build walls, floors, and the other structures on either side of a building. They are often used to develop foundations to sustain a house and disperse the building's load equally.

Growing customer inclination in modern architecture toward lightweight materials and government initiatives to build smart cities are anticipated to support this development further, propelling te sales of hollow concrete blocks in the upcoming years. Growing investment in infrastructure building activities in the public and private sectors in emerging economies has further increased the market's growth in the Asia Pacific. In the coming years, the Chinese government has decided to transfer 250 million individuals to modern megacities, prompting efforts to support the economy to an enormous service-oriented base. India's construction industry is expected to remain buoyant in the years ahead. The government is focused on raising construction by 200% by 2030, and growing numbers of laws, such as the new Metro Rail Act, which can draw private construction investment, would drive market growth.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3642

Key participants include UltraTech Cement Ltd., Acme Brick Company, CEMEX S.A.B. de C.V., Magicrete Building Solutions Pvt. Ltd., Xella Group, CRH plc, Brampton Brick, Midland Brick, Taylor Concrete Products Inc., and Tristar Brick & Block Ltd., among others.

Further key findings from the report suggest

  • Based on type, smooth-faced generated a revenue of USD 235.93 billion in 2019. It is projected to rise with a CAGR of 2.3% in the forecast period as it delivers better performance in natural calamities, including hurricane, tornado, and earthquake incidences. Therefore, demand from areas vulnerable to earthquakes is expected to increase over the projected period.
  • The commercial sector is the major contributor to the Hollow Concrete Blocks market. The forestry area of the Asia Pacific region is the major shareholder of the market and held around 36.5% of the market in 2019. They become indispensable, especially since mechanized agriculture and sophisticated industrial sensing solutions are essential for efficient operation.
  • The Asia Pacific dominated the market for Hollow Concrete Blocks in 2019. The increasing focus on innovative and cost-efficient procedures adopted in the region is driving the growth of the market. The Asia Pacific region held approximately 37.0% of the market, followed by North America, which contains around 25.0% market in the year 2019.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3642

For the purpose of this report, Reports and Data have segmented into the global Hollow Concrete Blocks market on the basis of type, distribution channel, application, and region:

Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Split-Faced
  • Smooth-Faced

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Online
  • Offline

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Residential
  • Commercial
  • Industrial
  • Others

The report explains the market share and sales volume of each company, along with the key details of the operations of these companies. The report further offers extensive coverage of their product portfolio, business expansion plans, gross profit margins, revenue contribution, investment plans, and financial standings. The report also covers the strategic alliances observed within these key companies such as mergers and acquisitions, joint ventures, corporate and government deals, partnerships and agreements, and brand promotions and product launches.

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/hollow-concrete-blocks-market

Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers details about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.

Browse Related Reports –

Industrial Insulation Market Growth

Metal Stamping Market Analysis

Thank you for reading our report. For further inquiries and information about the customization of this report, please get in touch with us. Our team will ensure you get the report well-suited for your needs.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W.

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Reports and Data | Web: www.reportsanddata.com

Connect with us:  Facebook| LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

3D Concrete Printing Market Analysis, Top Key Players, and Industry Statistics, 2021-2026

  Global 3D Concrete Printing Market Forecast to 2026 The Global 3D Concrete Printing Market report presents a comprehensive analysis of the 3D Concrete Printing Market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast timeline of 2020-2026. The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data. The report also sheds light on the technological breakthroughs and product advancements happening in the Micro Battery market. According to the report, the Micro Battery industry is likely to witness significant growth over the projected timeline. The report also covers the impact of the COVID-19 pandemic on the 3D Concrete Printing Market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and tren...
Read more

Sodium-Ion Battery Market Revenue, Demand, Share, Size | Global Industry Analysis and Research Report

Image
  Global Sodium-Ion Battery Market Forecast to 2028 The Global Sodium-Ion Battery Market report presents a comprehensive analysis of the Sodium-Ion Battery market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast. The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data. The report also sheds light on the technological breakthroughs and product advancements happening in the Sodium-Ion Battery market. According to the report, the Sodium-Ion Battery industry is likely to witness significant growth over the projected timeline. The report also covers the impact of the COVID-19 pandemic on the Sodium-Ion Battery market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and trends and the major cha...
Read more

Shale oil Market Forecast to 2026 | Global Industry Report

Image
  The Global Shale oil Market report released by Reports and Data encompasses vital aspects of the Shale oil market and offers critical insights about the market size, share, global spread, trends, demands, and opportunities. The report discusses in detail the competitive landscape of the market on both the regional and global scale. It analyzes the key regions and market segments to offer a better understanding of the competitive scenario. Moreover, the report discusses in detail the latest product and technological advancements to offer a comprehensive understanding of the Shale oil market. Furthermore, it sheds light on the lucrative growth opportunities and investments to assist the readers and businesses in developing strategic expansion plans. It also helps readers gain maximum return on their investments. The report is further attuned to the latest market scenario pertaining to the COVID-19 pandemic and its impact on the key segments of the Shale oil market. The report an...
Read more