Concrete Block and Brick Manufacturing
Global Concrete Block and Brick Manufacturing Market to Reach 2.5 Trillion Units by 2030
In the changed post COVID-19 business landscape, the global market for Concrete Block and Brick Manufacturing estimated at 2 Trillion Units in the year 2022, is projected to reach a revised size of 2.5 Trillion Units by 2030, growing at aCAGR of 2.6% over the period 2022-2030. Concrete Blocks, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach 1.1 Trillion Units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Brick segment is readjusted to a revised 2.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at 544.7 Billion Units, While China is Forecast to Grow at 4.5% CAGR
The Concrete Block and Brick Manufacturing market in the U.S. is estimated at 544.7 Billion Units in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 518.2 Billion Units by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
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