Published on: December 11, 2019
The bricks market is integral to construction work, serving as a fundamental building material for residential, non-residential, and infrastructure projects worldwide. There are many different types of bricks available on the market, including traditional red clay bricks, modern bricks, and bricks made from specialized materials like calcium silicate and fly ash bricks.
The bricks market is closely tied to building and construction activities, with its size influenced by factors such as urbanization, infrastructure development, and renovation projects. Forecasts indicate steady growth in the coming years, driven by increased demand for customized and eco-friendly bricks. Different regions may have distinct preferences for brick types, colors, and textures, influencing market segmentation.
The adoption of new materials and designs to meet evolving architectural styles and construction needs is one trend influencing the bricks market. There is growing demand for customized bricks in contemporary designs, reflecting architectural preferences and construction trends. There is also a rising focus on energy renovation initiatives, driving demand for energy-efficient building materials.
The number of ongoing construction projects around the world is contributing to the growth of the market, as are urbanization trends and infrastructure development initiatives. The renovation wave and the need for eco-friendly structures grown by the International Energy Agency (IEA) and the European Commission are also boosting market demand for bricks.
Challenges facing the bricks market include construction delays, increased costs, and environmental concerns related to carbon dioxide emissions and energy consumption during production. Logistic delays and supply-demand chain disruptions can also impact business operations and construction timelines.
The bricks market presents opportunities for growth and innovation, driven by ongoing construction activities and the adoption of new materials and designs. Success in the market requires a focus on sustainability, durability, and meeting architectural and construction requirements while addressing environmental concerns and logistical challenges.
APAC is a key region for the global brick market. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Rising construction activities in emerging markets such as India and China will facilitate the brick manufacturing market's growth in APAC over the forecast period.
Rapid urban migration and population growth are increasing the demand for residential and commercial spaces, making them a popular choice in construction. Heavy government investments in infrastructure projects further boost the demand, supported by initiatives promoting sustainable and traditional building materials in alignment with local architectural preferences. Increasing disposable income in select APAC countries, such as India, also contributes to higher spending on aesthetically pleasing and durable construction materials like clay bricks.
Technavio's bricks industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our bricks market reports include:
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our bricks market segmentation covers topics such as:
In order to provide you with a comprehensive view of the bricks industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the bricks market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the bricks market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the bricks market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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