Hollow Concrete block Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208367
  • Format: Electronic (PDF)
  • Number of Pages: 224
  • Author(s): Joshi, Madhavi

Report Overview

The Hollow Concrete block Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 68.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2024-2030).

Hollow Concrete block Market

(Market Size)
$45 billion
$68.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.20%
2023 Market Size USD 45 billion
2030 Market Size USD 68.5 billion
Key Players CRH, Wienerberger, Boral, Forterra, Xella Group

Market Summary

The hollow concrete block market is a fundamental segment within the global construction and manufacturing industries, characterized by the production and utilization of precast building materials. These blocks are manufactured from a mixture of cement, aggregates, and water, formed into standardized shapes with one or more hollow cavities. The primary function of these cavities is to reduce the overall weight of the block, enhance its thermal insulation properties, and allow for the integration of reinforcement materials like steel bars, which is critical for structural integrity in masonry construction. The market serves a wide array of construction projects, ranging from residential buildings and commercial complexes to industrial facilities and infrastructure development. The demand is intrinsically linked to the health of the construction sector, which is influenced by factors such as urbanization rates, government spending on public infrastructure, and overall economic growth. Key manufacturers operate within a competitive landscape, focusing on production efficiency, product quality, and adherence to international building standards and codes. The market is also witnessing a gradual shift towards sustainable and eco-friendly manufacturing practices, including the use of recycled materials in the production process to reduce the environmental footprint. The product's versatility, durability, and cost-effectiveness continue to solidify its position as a preferred building material in both developed and emerging economies worldwide.

Key Highlights

The hollow concrete block market is defined by several pivotal attributes that underscore its importance and trajectory. A significant highlight is the material's inherent fire resistance, a non-combustible property that provides a critical safety advantage in building construction, making it a mandated or highly recommended material in many regional building codes. Furthermore, its excellent load-bearing capacity makes it indispensable for constructing foundations, load-bearing walls, and other structural elements in multi-story buildings. The market is also distinguished by the continuous innovation in block design, including the development of specialized shapes like corner blocks, pillar blocks, and jamb blocks to accommodate specific architectural requirements and streamline the construction process. Another key aspect is the growing adoption of automated manufacturing technologies by leading players such as CRH plc, CEMEX S.A.B. de C.V., and Boral Limited. These companies are investing in advanced machinery for batching, mixing, molding, and curing to enhance production output, ensure consistent product quality, and reduce labor costs. The competitive intensity is high, with players competing not only on price but also on the technical support, logistical capabilities, and product range offered to construction firms and masonry contractors.

Drivers, Opportunities & Restraints

The growth of the hollow concrete block market is propelled by a combination of powerful drivers. The most prominent driver is the relentless global pace of urbanization, which necessitates extensive residential and commercial construction, particularly in rapidly developing economies across Asia-Pacific and Latin America. Government initiatives and substantial investments in public infrastructure projects, including the development of smart cities, highways, and irrigation systems, create sustained demand for durable and cost-effective construction materials like hollow concrete blocks. Additionally, the increasing awareness and regulatory push for green buildings present a significant opportunity. Manufacturers have the opportunity to innovate by producing blocks using industrial by-products such as fly ash, which not only improves the product's properties but also aligns with circular economy principles and can qualify projects for green building certifications. However, the market faces notable restraints. The production process is energy-intensive, relying heavily on cement, whose production is a major source of CO2 emissions, leading to environmental concerns and potential regulatory scrutiny. Furthermore, the market faces competition from alternative building materials such as autoclaved aerated concrete (AAC) blocks, which offer superior thermal insulation and are lighter, and from traditional clay bricks in certain regional markets. Fluctuations in the prices of raw materials, particularly cement and aggregates, can also impact profit margins and pricing stability for manufacturers.

Concentration Insights

The global hollow concrete block market exhibits a varied concentration landscape, featuring a mix of large multinational corporations, regional leaders, and numerous small-to-medium-sized local manufacturers. The market is moderately fragmented, with the top players holding significant shares due to their extensive production networks, strong brand recognition, and established distribution channels. Companies like CRH plc, CEMEX, and HeidelbergCement AG have a vast global presence, operating multiple plants across different continents to serve a diverse client base. Their strategy often involves vertical integration, controlling everything from raw material sourcing (e.g., aggregates quarries) to distribution, which provides them with a competitive cost advantage. In contrast, regional and local manufacturers compete by focusing on specific geographical areas, often leveraging their deep understanding of local building codes, customer preferences, and logistical advantages to serve clients more flexibly. These smaller players are crucial for meeting localized demand, especially in remote areas where transportation costs for large multinationals might be prohibitive. The concentration of manufacturing facilities is typically highest in regions with booming construction activities and easy access to raw materials, leading to competitive clusters in parts of Asia, North America, and Europe.

Type Insights

Hollow concrete blocks are available in a diverse range of types, each engineered to fulfill a specific function in masonry construction. The most common classification is based on the void area and the number of hollow cores. Standard hollow blocks typically have two or three cores and are the workhorses for constructing partitions and non-load-bearing walls. Load-bearing hollow blocks are designed with a higher density and strength to support significant structural loads in foundations and bearing walls. Another critical categorization is by the aggregate used in the mixture. Standard weight blocks use traditional aggregates like sand and gravel, while lightweight blocks incorporate aggregates such as expanded clay, shale, or slate, or industrial waste like fly ash. These lightweight variants offer advantages including easier handling, reduced structural dead load, and improved thermal and acoustic insulation properties. Furthermore, the market offers blocks with special architectural finishes, such as split-faced or scored surfaces, which provide an aesthetic appeal and eliminate the need for additional plastering or cladding, thereby reducing overall construction time and cost. The choice of block type is a critical decision for architects and engineers, dictated by the structural requirements, insulation needs, and desired finish of the project.

Application Insights

The application of hollow concrete blocks is extensive and forms the backbone of modern masonry construction across various sectors. In the residential construction sector, these blocks are ubiquitously used for building exterior and interior walls, foundations, and garden boundary walls in single-family homes, apartment complexes, and townhouses. Their insulating properties contribute to energy efficiency in homes. In commercial construction, they are employed in erecting offices, retail spaces, hotels, and institutional buildings like schools and hospitals, where requirements for fire resistance, soundproofing between rooms, and durability are paramount. The industrial sector utilizes these blocks for constructing manufacturing plants, warehouses, and storage facilities, valuing their strength and low maintenance. Beyond buildings, a significant application lies in infrastructure projects. Hollow blocks are used in constructing retaining walls, sound barriers along highways, and for various landscaping purposes. The versatility in application is further enhanced by the ability to fill the block cavities with concrete and reinforcing steel, creating reinforced masonry that can withstand lateral forces, making it suitable for construction in seismic zones. The specific application dictates the required block strength, dimensions, and sometimes the surface finish.

Regional Insights

The demand and production dynamics for hollow concrete blocks vary significantly across different global regions, shaped by local economic conditions, construction activity, and regulatory environments. The Asia-Pacific region stands as the dominant and fastest-growing market, fueled by massive urbanization projects, population growth, and extensive government investments in infrastructure development in countries like China, India, and Indonesia. North America represents a mature yet steady market, characterized by stringent building codes, a focus on energy-efficient construction, and a robust residential repair and renovation sector. Key players like Oldcastle APG and Brampton Brick are prominent here. Europe's market is driven by renovation and retrofitting activities aimed at improving the energy efficiency of existing building stock, alongside adherence to strict environmental regulations promoting sustainable materials. Latin America and the Middle East & Africa are emerging markets with growth potential tied to economic development, rising foreign investments in construction, and ongoing urban expansion. However, these regions can also experience volatility due to economic and political instability, which can affect construction spending and, consequently, demand for building materials.

Company Insights

The competitive landscape of the hollow concrete block market includes a roster of established international players and strong regional entities. Leading multinational companies such as CRH plc, CEMEX S.A.B. de C.V., HeidelbergCement AG, and Vulcan Materials Company dominate through their extensive global production and distribution networks. These corporations benefit from economies of scale, significant R&D capabilities for product innovation, and a diversified portfolio of construction materials that often includes ready-mix concrete and aggregates. In North America, companies like Oldcastle APG (a CRH company) and Brampton Brick Ltd. are key influencers, known for their comprehensive product lines and strong regional presence. In other parts of the world, regional champions such as Boral Limited in Australia, Lignacite Ltd. in the UK, and Brickwell in India hold substantial market share by catering to local specifications and building practices. The strategic focus for these companies increasingly includes sustainability, with efforts directed towards reducing the carbon footprint of their products by incorporating recycled materials and optimizing manufacturing processes for lower energy consumption. Mergers, acquisitions, and strategic partnerships are common tactics used to expand geographical reach and enhance market position.

Recent Developments

The hollow concrete block market is continuously evolving, with recent developments focused on technological innovation, sustainability, and strategic expansion. A prominent trend is the increased integration of automation and Industry 4.0 principles in manufacturing plants. Companies are deploying advanced machinery for automated block handling, robotic palletizing, and data-driven process control to maximize efficiency, minimize waste, and ensure unparalleled product consistency. Sustainability has become a central theme, with leading manufacturers launching new product lines that incorporate high volumes of recycled content, such as fly ash or slag, reducing the reliance on virgin cement and lowering the embodied carbon of the blocks. Furthermore, there is a growing development of specialized blocks designed for improved thermal performance to meet stricter energy codes, including blocks with integrated insulation layers. On the corporate front, key players have been engaged in strategic acquisitions to bolster their market presence in high-growth regions. For instance, CRH plc has consistently acquired smaller regional producers to expand its footprint. Additionally, investments in new production facilities in emerging economies are a clear indicator of the industry's focus on capitalizing on the construction boom in Asia-Pacific and Africa.

Report Segmentation

This comprehensive market research report on the hollow concrete block industry provides a detailed and structured analysis segmented to offer granular insights. The segmentation allows stakeholders to understand specific facets of the market in depth. The report is meticulously categorized by type, distinguishing between key variants such as lightweight hollow concrete blocks and normal weight blocks, with further breakdowns based on strength class and specific design features like the number of cores. The application segmentation provides a thorough examination of end-use sectors, including residential construction, commercial construction, industrial construction, and infrastructure projects. Geographically, the report offers a detailed regional analysis, covering key markets including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with country-level analysis for major economies within these regions. Furthermore, the report includes a dedicated company profiling section, which analyzes the market share, product portfolio, business strategies, and recent developments of prominent players such as CRH plc, CEMEX, HeidelbergCement, Vulcan Materials, Oldcastle APG, Boral Limited, and other significant regional manufacturers. This multi-dimensional segmentation ensures that the report delivers targeted and actionable intelligence for informed strategic decision-making.

FAQs

What are hollow concrete blocks used for?

Hollow concrete blocks are primarily used as a building material in masonry construction for erecting walls, both load-bearing and non-load-bearing. Their applications span residential homes, commercial buildings, industrial structures, and infrastructure projects like retaining walls due to their strength, durability, and insulating properties.

How are hollow concrete blocks made?

Hollow concrete blocks are manufactured through a process that involves batching precise proportions of cement, aggregates (like sand or gravel), and water. This mixture is then vibrated and compacted into molds that shape the block and form its hollow cavities. The freshly molded blocks are cured, often using steam to accelerate strength gain, before being packaged and shipped.

What is the standard size of a hollow block?

While dimensions can vary by region and manufacturer, a common nominal size for a hollow concrete block is 16 inches in length, 8 inches in height, and 8 inches in width. The actual dimensions are slightly smaller to account for the thickness of the mortar joint. Many other sizes are available to meet specific construction needs.

What are the advantages of using hollow blocks?

Hollow blocks offer numerous advantages including high structural strength and load-bearing capacity, excellent fire resistance, enhanced thermal and acoustic insulation due to the air cavities, reduced dead load on the structure, and cost-effectiveness compared to many solid alternatives. They also allow for easy routing of electrical and plumbing conduits through the voids.

Who are the leading manufacturers of hollow concrete blocks?

The market is served by several leading global manufacturers including CRH plc, CEMEX S.A.B. de C.V., HeidelbergCement AG, and Vulcan Materials Company. Significant regional players include Oldcastle APG in North America, Boral Limited in Australia, and various large local manufacturers in emerging economies.

What is the difference between solid and hollow concrete blocks?

The primary difference is the presence of hollow cavities, which typically make up 25% to 50% of the total volume of a hollow block. Solid blocks have no such voids. This makes hollow blocks lighter, better insulators, and more efficient in terms of material usage, while solid blocks are denser and used where maximum mass and strength are required, such as in paving or very heavy load-bearing applications.

Citius Research has developed a research report titled “Hollow Concrete block Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Hollow Concrete block Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Hollow Concrete block Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Hollow Concrete block Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Hollow Concrete block Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Hollow Concrete block Market
• Research Methodology
• Executive Summary
• Market Dynamics of Hollow Concrete block Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Hollow Concrete block Market
• Cost and Gross Margin Analysis of Hollow Concrete block Market
• Hollow Concrete block Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Hollow Concrete block Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Hollow Concrete block Market Key Stakeholders

Below are the key stakeholders for the Hollow Concrete block Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Hollow Concrete block Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Hollow Concrete block Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Hollow Concrete block Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Hollow Concrete block Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Hollow Concrete block Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Hollow Concrete block Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Hollow Concrete block Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Hollow Concrete block Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Hollow Concrete block Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Hollow Concrete block Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Hollow Concrete block Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Hollow Concrete block Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Hollow Concrete block Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Hollow Concrete block Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Hollow Concrete block Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Hollow Concrete block Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Hollow Concrete block Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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