Global Concrete Blocks and Bricks Manufacturing Market to Reach $547.4 Billion by 2030
The global market for Concrete Blocks and Bricks Manufacturing estimated at US$391.7 Billion in the year 2023, is expected to reach US$547.4 Billion by 2030, growing at a CAGR of 4.9% over the period 2023-2030. Bricks, one of the segments analyzed in the report, is expected to record 4.6% CAGR and reach US$334 Billion by the end of the analysis period. Growth in the Blocks segment is estimated at 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $105.8 Billion, While China is Forecast to Grow at 8.1% CAGR
The Concrete Blocks and Bricks Manufacturing market in the U.S. is estimated at US$105.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$117.4 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
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