NEW YORK, June 7, 2023 /PRNewswire/ -- The construction materials market size is expected to grow by USD 1,103.44 billion from 2022 to 2027, progressing at a CAGR of 11.25% as per the latest Technavio market research report. APAC is estimated to account for 47% of the market's overall growth. APAC is known for its innovations, product development, and improvements in quality. Factors like the growth in construction activities for residential and non-residential buildings are factors that influence the growth of the market in the region. Furthermore, the rising demand for low-cost construction materials, such as mineral additives, in countries in the region is leading to the business expansion of several major vendors. Hence, such developments are expected to propel the growth of the market in the region during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES
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Construction Materials Market: Increasing number of smart cities to drive growth
- A major factor driving the growth of the construction materials market is the rising number of smart cities.
- As the population increases, urbanization also increases. Also, as of 2020, according to the WBG, the total world urban population stood at 56.16% of the total world population.
- Furthermore, due to the increasing urban population, urban services such as public transport and road networks are facing several challenges.
- Hence, with the rising development of smart cities, the demand for construction materials will also increase in the coming years, which will propel market growth.
Construction Materials Market: Adoption of Technologies to Improve Efficiency
- The adoption of new technologies and materials will be one of the emerging construction materials market trends.
- With the use of new materials and the shifting focus toward the use of prefabricated modular building blocks, the productivity of the construction industry will increase.
- In order to enhance their customer base and increase their revenue shares, companies feel the pressure to stay updated about technological advancements.
- Some of the technologically advanced products include durable concrete, high-performance concrete, mineral admixtures, condensed silica fume, and high-volume fly ash concrete.
- Thus, the adoption of technologies is a trend that can drive the growth of the market during the forecast period.
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Some of the key Construction Materials Market Players:
The construction materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Adbri Ltd., Aditya Birla Management Corp. Pvt. Ltd., BGC Australia PTY Ltd., Birla Corp. Ltd., Cementir Holding NV, CEMEX SAB de CV, Compagnie de Saint Gobain, CRH Plc, Fletcher Building Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, Holcim Ltd., JK Cement Ltd, JMH International Ltd., Nippon Steel Corp., PPC Ltd., Sumitomo Osaka Cement Co. Ltd., The India Cements Ltd., The Ramco Cements Ltd., and Ube Corp.
Construction Materials Market: Segmentation Analysis
This market research report segments the construction materials market by product (cement, construction aggregates, concrete bricks, construction metals, and others), end-user (commercial, industrial, and residential), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
- The market share growth by the cement segment will be significant for overall market growth during the forecast period. Cement manufacturing is a cost-intensive process, especially if it is needed to be transported over long distances. This encourages most countries to have their cement manufacturing plants. Due to the increasing rate of urbanization and industrial development, the need for augmented construction activities drives the global cement market. Hence, cement production is significantly high and is expected to increase further during the forecast period.
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The construction market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 1,123.8 billion. This report extensively covers market segmentation by type (buildings construction, heavy &civil engineering, land planning and development, and specialty trade contractors), end-user (private sector and public sector), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The increased investment in infrastructure is notably driving the market growth.
The Construction Equipment Market is estimated to grow at a CAGR of 5.24% between 2022 and 2027, and the size of the market is forecasted to increase by USD 3,818.92 million. This report extensively covers market segmentation by product (owned equipment, rented equipment, and leased equipment), application (commercial, residential, and infrastructure), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The expanding manufacturing and distribution facilities are driving the market growth.
Construction Materials Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.25% |
Market growth 2023-2027 |
USD 1,103.44 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.58 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 47% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adbri Ltd., Aditya Birla Management Corp. Pvt. Ltd., BGC Australia PTY Ltd., Birla Corp. Ltd., Cementir Holding NV, CEMEX SAB de CV, Compagnie de Saint Gobain, CRH Plc, Fletcher Building Ltd., Fujairah Cement Industries PJSC, HeidelbergCement AG, Holcim Ltd., JK Cement Ltd, JMH International Ltd., Nippon Steel Corp., PPC Ltd., Sumitomo Osaka Cement Co. Ltd., The India Cements Ltd., The Ramco Cements Ltd., and Ube Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global construction materials market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global construction materials market 2017 - 2021 ($ billion)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Cement - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cement - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Cement - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Cement - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cement - Year-over-year growth 2022-2027 (%)
- 6.4 Construction aggregates - Market size and forecast 2022-2027
- Exhibit 38: Chart on Construction aggregates - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Construction aggregates - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Construction aggregates - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Construction aggregates - Year-over-year growth 2022-2027 (%)
- 6.5 Concrete bricks - Market size and forecast 2022-2027
- Exhibit 42: Chart on Concrete bricks - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Concrete bricks - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Concrete bricks - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Concrete bricks - Year-over-year growth 2022-2027 (%)
- 6.6 Construction metals - Market size and forecast 2022-2027
- Exhibit 46: Chart on Construction metals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Data Table on Construction metals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Chart on Construction metals - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Construction metals - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ billion)
- Exhibit 55: Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 58: Chart on Comparison by End-user
- Exhibit 59: Data Table on Comparison by End-user
- 7.3 Commercial - Market size and forecast 2022-2027
- Exhibit 60: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 62: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 7.4 Industrial - Market size and forecast 2022-2027
- Exhibit 64: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
- 7.5 Residential - Market size and forecast 2022-2027
- Exhibit 68: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by End-user
- Exhibit 72: Market opportunity by End-user ($ billion)
- Exhibit 73: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2022-2027 (%)
- Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ billion)
- Exhibit 120: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 124: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 125: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification
- 12.3 Adbri Ltd.
- Exhibit 127: Adbri Ltd. - Overview
- Exhibit 128: Adbri Ltd. - Business segments
- Exhibit 129: Adbri Ltd. - Key news
- Exhibit 130: Adbri Ltd. - Key offerings
- Exhibit 131: Adbri Ltd. - Segment focus
- 12.4 Aditya Birla Management Corp. Pvt. Ltd.
- Exhibit 132: Aditya Birla Management Corp. Pvt. Ltd. - Overview
- Exhibit 133: Aditya Birla Management Corp. Pvt. Ltd. - Product / Service
- Exhibit 134: Aditya Birla Management Corp. Pvt. Ltd. - Key offerings
- 12.5 BGC Australia PTY Ltd.
- Exhibit 135: BGC Australia PTY Ltd. - Overview
- Exhibit 136: BGC Australia PTY Ltd. - Product / Service
- Exhibit 137: BGC Australia PTY Ltd. - Key offerings
- 12.6 Cementir Holding NV
- Exhibit 138: Cementir Holding NV - Overview
- Exhibit 139: Cementir Holding NV - Business segments
- Exhibit 140: Cementir Holding NV - Key news
- Exhibit 141: Cementir Holding NV - Key offerings
- Exhibit 142: Cementir Holding NV - Segment focus
- 12.7 CEMEX SAB de CV
- Exhibit 143: CEMEX SAB de CV - Overview
- Exhibit 144: CEMEX SAB de CV - Business segments
- Exhibit 145: CEMEX SAB de CV - Key news
- Exhibit 146: CEMEX SAB de CV - Key offerings
- Exhibit 147: CEMEX SAB de CV - Segment focus
- 12.8 CRH Plc
- Exhibit 148: CRH Plc - Overview
- Exhibit 149: CRH Plc - Business segments
- Exhibit 150: CRH Plc - Key news
- Exhibit 151: CRH Plc - Key offerings
- Exhibit 152: CRH Plc - Segment focus
- 12.9 Fletcher Building Ltd.
- Exhibit 153: Fletcher Building Ltd. - Overview
- Exhibit 154: Fletcher Building Ltd. - Business segments
- Exhibit 155: Fletcher Building Ltd. - Key news
- Exhibit 156: Fletcher Building Ltd. - Key offerings
- Exhibit 157: Fletcher Building Ltd. - Segment focus
- 12.10 Fujairah Cement Industries PJSC
- Exhibit 158: Fujairah Cement Industries PJSC - Overview
- Exhibit 159: Fujairah Cement Industries PJSC - Product / Service
- Exhibit 160: Fujairah Cement Industries PJSC - Key offerings
- 12.11 HeidelbergCement AG
- Exhibit 161: HeidelbergCement AG - Overview
- Exhibit 162: HeidelbergCement AG - Business segments
- Exhibit 163: HeidelbergCement AG - Key news
- Exhibit 164: HeidelbergCement AG - Key offerings
- Exhibit 165: HeidelbergCement AG - Segment focus
- 12.12 Holcim Ltd.
- Exhibit 166: Holcim Ltd. - Overview
- Exhibit 167: Holcim Ltd. - Business segments
- Exhibit 168: Holcim Ltd. - Key offerings
- Exhibit 169: Holcim Ltd. - Segment focus
- 12.13 JK Cement Ltd
- Exhibit 170: JK Cement Ltd - Overview
- Exhibit 171: JK Cement Ltd - Business segments
- Exhibit 172: JK Cement Ltd - Key offerings
- Exhibit 173: JK Cement Ltd - Segment focus
- 12.14 JMH International Ltd.
- Exhibit 174: JMH International Ltd. - Overview
- Exhibit 175: JMH International Ltd. - Product / Service
- Exhibit 176: JMH International Ltd. - Key offerings
- 12.15 Nippon Steel Corp.
- Exhibit 177: Nippon Steel Corp. - Overview
- Exhibit 178: Nippon Steel Corp. - Business segments
- Exhibit 179: Nippon Steel Corp. - Key offerings
- Exhibit 180: Nippon Steel Corp. - Segment focus
- 12.16 PPC Ltd.
- Exhibit 181: PPC Ltd. - Overview
- Exhibit 182: PPC Ltd. - Business segments
- Exhibit 183: PPC Ltd. - Key offerings
- Exhibit 184: PPC Ltd. - Segment focus
- 12.17 The Ramco Cements Ltd.
- Exhibit 185: The Ramco Cements Ltd. - Overview
- Exhibit 186: The Ramco Cements Ltd. - Product / Service
- Exhibit 187: The Ramco Cements Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 188: Inclusions checklist
- Exhibit 189: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 190: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 191: Research methodology
- Exhibit 192: Validation techniques employed for market sizing
- Exhibit 193: Information sources
- 13.5 List of abbreviations
- Exhibit 194: List of abbreviations
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