Europe Construction Products Market Overview:
The Europe Construction Products Market was $89,090.4 million in 2017, and is projected to reach $124,115.8 million in 2023, growing at a CAGR of 5.7% from 2018 to 2023. The substantial growth in construction sector increased the demand for construction products in Europe. The construction products such as products for siding, trim, flooring, roofing, and others are generally used in each construction to protect infrastructure from climate and energy challenges.
Growth in population increases the demand for renovations and development of buildings. This in turn boosts the requirement for construction in residential and commercial sector, which drives the need for construction products. Moreover, European government have formulated initiatives aiming at designing, building, and operating structures following green building concept, for efficient use of energy and resources used for construction. Rapid urbanization and industrialization further contribute to the developing construction sector. These factors are expected to fuel the demand for construction products in Europe in the coming years. However, limited availability of skilled workers and high investment in installation of construction products can hinder the market growth.
The Europe construction products market in segmented based on product type, end user, and country. Based on product type, it is classified into siding, trim, and structural subfloors, among which siding and trim are further classified into material type which includes wood, engineered wood, vinyl, plastics, fiber-cement, bricks, and others. In 2017, the siding products segment dominated the market, in terms of revenue, and is expected to maintain this trend throughout the forecast period.
Depending on end user, it is bifurcated into residential building and commercial building. The commercial building segment is further classified into shopping mall & retail store, hospital, office building, and others. This segment dominated the market in terms of revenue in 2017, owing to growth in population and increased demand for renovation and development of buildings and is expected maintain its dominance throughout forecast period.
By country, the market is analyzed across Western Europe and Eastern Europe. The countries considered in Western Europe include Germany, France, UK, Italy, Netherlands, and rest of Western Europe, whereas the countries considered in Eastern Europe are Poland, Hungary, Russia, Czech Republic, Romania, and rest of Eastern Europe. Western Europe is anticipated to contribute higher share in the market during the forecast period, due to rapid urbanization and industrialization.
Competition Analysis
Competitive analysis and profiles of the major players in the Europe construction products market, such as Wienerberger Baustoffindustrie AG, Holzplast LLC, U-Kon System, Royal Europa Sp. z o.o, Hanson Building Products Limited, Hekim Construction Inc., Kingspan Group, Leier International, and RHEINZINK are provided in the report.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging market trends and dynamics in the Europe construction products market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2013 and 2023.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these geographies.
- Key market players are profiled and their strategies are analyzed thoroughly, which helps in understand the competitive outlook of demand reaction management system market.
Europe Construction Products Market Key Segments:
By Product Type
- Siding
- Wood
- Engineered Wood
- Vinyl
- Plastic
- Fiber Cement
- Brick
- Others
- Trim
- Wood
- Engineered Wood
- Vinyl
- Plastics
- Fiber Cement
- Brick
- Others
- Structural Subflooring
By End User
- Residential Building
- Commercial Building
- Shopping Mall & Retail Store
- Hospital
- Office Building
- Others
By Region
- Western Europe
- Germany
- France
- UK
- Italy
- Netherlands
- Rest of Western Europe
- Eastern Europe
- Poland
- Hungary
- Russia
- Czech Republic
- Romania
- Rest of Eastern Europe
- Rest of Europe
Key Players
- Wienerberger Baustoffindustrie AG
- Holzplast
- U-Kon System
- Royal Europa Sp. z o.o
- Hanson Building Products Limited
- Hekim Construction Inc.
- Kingspan Group
- Leier International
- RHEINZINK
Europe Construction Products Market Report Highlights
| Aspects | Details |
 By Product type |
|
 By End user |
|
 By Region |
|
 Key Market Players | Rockwool International A/S (Rockwool Russia), Wienerberger AG, RHEINZINK GmbH & Co. KG, Leier Baustoffe GmbH & Co. KG, Kingspan Group PLC, Holzplast LLC (Holzplast Ohg), Royal Europa Sp. z o.o., HeidelbergCement AG (Hanson Building Materials Limited), HEKIM YAPI ENDUSTRISI SANAYI VE TICARET A.S., U-kon Systems |
Analyst Review
The construction sector plays an important role in the economic growth of Europe, as the gross domestic products (GDP) is on an increase across Europe. The European Commission funds the construction sector to become more competitive, resource efficient, and sustainable. Construction products such as siding, trim, and structural subflooring are generally used to protect infrastructure from the impact of the changes in environment. Moreover, various natural and composite materials such as wood, engineered wood, vinyl, plastic, fiber cement, brick, and others are used to develop these products to deal with energy challenges.
Increase in construction expenditure and growth in need of residential buildings due to the surge in population are some of the key factors that fuel the market growth. Moreover, rapid urbanization and industrialization provide new opportunities to manufactures to expand in Europe. This in turn increases the demand for construction in commercial sector. Wood siding is the popular siding material in the region. However, higher investment is required for installation of these product, whereas improper installation of these construction products is projected to damage the underlying structure of building.
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