The concrete block & brick manufacturing market size 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 market includes revenue generated by sales of products such as concrete block and bricks. These products are manufactured by using mixture of cement, sand, water, aggregates, and sometimes binding adhesives.
They are manufactured in batches at a central manufacturing plant and then transported to the job site. These products are generally manufactured in bulk quantity. Concrete blocks and bricks are used in construction of houses and commercial as well as industrial facilities.
![Global-Concrete-Block-&-Brick-Manufacturing-Market[1]](https://www.alliedmarketresearch.com/assets/sampleimages/global-concrete-block-brick-manufacturing-market1-1629712763.jpeg )
Increase in government expenditures for development and reconstruction & repair of infrastructure, such as improvement of roads, bridges, and others, drives the concrete block & brick manufacturing market growth. In addition, precast products save a lot of manufacturing, transportation, and installation time. These products are also cost-effective as wastage of concrete while manufacturing these products is less.
Furthermore, development in machinery and technology to manufacture these products helps to achieve accuracy and overcome lack of skilled labor problem. However, high initial investment is needed to setup a manufacturing facility. In addition, rise in adoption of environment-friendly material for construction of buildings acts as a restraint to the market. Moreover, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were also stopped or restricted to a huge extent. Construction and transportation activities along with their supply chains were hampered on a global level. This led to decline in manufacturing of cement, which directly hampered the market growth. However, gradually, industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of cement companies at their full-scale capacities, which is expected to help the concrete block & brick manufacturing industry to recover by the end of 2021.
On the contrary, rapid urbanization and industrialization in developing countries has given rise to construction activities and is generating growth opportunities for the concrete block & brick manufacturing market.
The 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 rest of Europe), Asia-Pacific (China, Bangladesh, Vietnam, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
By Type
Block holds the largest share in Concrete Block & Brick Manufacturing Market
On the basis of type, in 2020, the block segment dominated the concrete block & brick manufacturing market share in terms of revenue and the brick segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of application, the structural segment led the market in 2020 in terms of revenue and the non-structural segment is anticipated to register the highest CAGR during the forecast period. By end user, the residential sector segment led the market in 2020, in terms of revenue and the non-residential sector segment is anticipated to register the highest CAGR during the forecast period. By region, Asia-Pacific led the market in 2020 in terms of revenue and LAMEA is anticipated to register the highest CAGR during the forecast period.
Competition analysis
The major players profiled in the concrete block & brick manufacturing market include 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, and Xella Group. Major companies in the market have adopted strategies, such as business expansion, acquisition, product launch, and collaboration, to offer better products and services to customers in the concrete block & brick manufacturing.
By Application
Structural segment holds dominant position in 2020
Key Benefits For Stakeholders
- 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 concrete block & brick manufacturing market 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.
Concrete Block & Brick Manufacturing Market Report Highlights
| Aspects | Details |
 By Type |
|
 By END USER |
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 By APPLICATION |
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 By Region |
|
 Key Market Players | Xella Group, CEMEX, S.A.B. de C.V., Boral, CRH, Mona Precast (Anglesey) Ltd, Midwest Block & brick, Wienerberger AG, Acme Brick, Lignacite Ltd., Bauroc AS |
Analyst Review
The concrete block & brick manufacturing market is mainly driven by increase in government expenditures for development and reconstruction & repair of infrastructure. In addition, reduced construction time and cost-efficient production of products are other driving factors for the market. Moreover, development in manufacturing technology helps to overcome labor problem as well as lead to manufacturing of large quantities of products with minimal errors. 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.
However, high initial setup cost of the production facilities acts as restraint for the concrete block & brick manufacturing market. In addition, rise in use of sustainable building material hinders the growth of the concrete block & brick manufacturing market. On the contrary, rapid urbanization and industrialization of emerging countries is expected to create opportunities for the growth of the concrete block & brick manufacturing market during the forecast period.
Major companies in the market have adopted strategies, such as acquisition, business expansion, product launch, and collaboration, to offer better services to customers in the concrete block & brick manufacturing market.
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 forecast period considered for the concrete block & brick manufacturing market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
To get latest version of concrete block & brick manufacturing market report can be obtained on demand from the website.
The base year considered in the concrete block & brick manufacturing market report is 2020.
The top companies holding the market share in the concrete block & brick manufacturing market report include 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 and Xella Group.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By type, in 2020 the brick segment dominated the concrete block & brick manufacturing market, in terms of revenue and is expected to maintain this trend during the forecast period.
By end-user, the residential sector segment is the highest share holder of concrete block & brick manufacturing market.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the concrete block & brick manufacturing market is $355,898.4 million in 2021.
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