Global Concrete Block & Brick Manufacturing Market (2021 to 2030) – Opportunity Analysis and Industry Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Concrete Block & Brick Manufacturing Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The concrete block & brick manufacturing market was valued at $339,597.7 million in 2020, and is expected to reach $588,151.8 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.

The scope of the market includes revenue generated by sales of precast products, such as blocks and bricks, for construction of buildings and other infrastructure. Precast products are designed as per requirement and then manufactured on production site into desired shapes and sizes. Precast products can be manufactured in bulk quantity.

New construction projects and redevelopment or repairing of old buildings, bridges, roads, and other infrastructures are the major driving factors of the concrete block & brick manufacturing market. In addition, use of precast products saves a lot of construction time as well as avoids wastage of material, further giving cost-effective solution. Moreover, development of manufacturing technology along with new and advanced machinery drives the concrete block & brick manufacturing market across the globe. However, high investment to initially setup precast manufacturing facility acts as a restraint for the market growth. Moreover, rise in use of sustainable building material hinders the growth of the concrete block & brick manufacturing market. On the contrary, rise in development plans in emerging countries is expected to act as an opportunity for the concrete block & brick manufacturing market growth during the forecast period.

The concrete block & brick manufacturing market is segmented into type, application, end user, and region. By type, it is segregated into block and brick. Depending on application, it is classified into structural and non-structural. On the basis of end user, it is divided into residential sector and non-residential sector. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and the rest of Europe), Asia-Pacific (China, Bangladesh, Vietnam, India, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Benefits

• The report provides an extensive analysis of the current and emerging concrete block & brick manufacturing market trends and dynamics.
• In-depth concrete block & brick manufacturing market analysis is conducted by estimations for the key segments between 2021 and 2030.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
• The market forecast analysis from 2021 to 2030 is included in the report.
• The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Market Dynamics

Drivers

• Increase in government expenditures for infrastructural development
• Need for reduced construction time and cost-effective products
• Development in manufacturing technology

Restraints

• High initial investments
• Use of alternative building materials

Opportunity

• Rapid urbanization and industrialization of emerging countries

Key Players

• Acme Brick Company
• Bauroc AS
• Boral
• CEMEX, S.A.B. de C.V.
• CRH
• Lignacite Ltd.
• Midwest Block & Brick
• Mona Precast (Anglesey) Ltd.
• Wienerberger AG
• Xella Group

For more information about this report visit https://www.researchandmarkets.com/r/9ke9wk

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