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Opportunities For The Global Construction Aggregate Market To Reach $452.4 Billion By 2024
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According to a new market report published by Lucintel, the future of the global construction aggregate market looks good with opportunities in the infrastructure, residential, and non-residential construction industries. The global construction aggregate market is expected to reach an estimated $452.4 billion by 2024 with a CAGR of 2.7% from 2019 to 2024. The major growth drivers for this market are growth in residential and non-residential construction activities, increasing urbanization, and rising per capita income.
In this market, sand and gravel and crushed stone are the main product types of construction aggregate. On the basis of comprehensive research, Lucintel forecasts that crushed stone will remain the largest product type over the forecast period due to its high durability. Lucintel predicts that sand and gravel will witness the highest growth during the forecast period due to its easy availability and low price. The growth for the sand and gravel segment will also be driven due to increasing demand in the residential industry.
Within the global construction aggregate market, infrastructure will remain the largest end use market during the forecast period due to increasing infrastructure development especially in emerging countries and growing government focus on infrastructure projects. Residential construction is expected to witness the highest growth during the forecast period.
Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period supported by increasing urbanization and building construction activities.
Emerging trends which have a direct impact on the dynamics of the market include increasing adoption of pea gravel and the growing use of recycled stone. Heidelberg Cement, Lafarge Holcim, Martin Marietta, Vulcan Materials Company, and CRH Plc are among the major suppliers of construction aggregates.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global construction aggregate market by end use, product type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Construction Aggregate Market 2019-2024”. The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global construction aggregate market by end use, product type, and region, as follows:
By End Use [Value ($ Billion) and Volume (Billion Metric Tons) from 2013 to 2024]:
• Non Residential
By Product Type [Value ($ Billion) and Volume (Billion Metric Tons) from 2013 to 2024]:
• Sand and Gravel
• Crushed Stone
• Other Aggregates
By Region [Value ($ Billion) and Volume (Billion Metric Tons) from 2013 to 2024]:
• North America
− United States
− United Kingdom
This 189-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for the global construction aggregate market by end use [infrastructure, residential, and non residential (healthcare, education, hospitality, retail, office, and others)], product type (sand and gravel, crushed stone, and other aggregates), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which product segment will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?
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