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Europe Construction Products Market: In-Depth Analysis, Segmentation, Growth, Size, Share, Sales Revenue, Competitive Landscape and Forecast to 2023

07-09-2019 08:57 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Europe Construction Products Market

Europe Construction Products Market

Rise in demand for residential and commercial sector, supportive government policies for green buildings, and focus on resource efficiency facilitate the growth of the market. However, dearth of skilled workforce and high initial & maintenance investments for materials restrain the growth of the market. On the other hand, rapid industrialization and urbanization would create new opportunities in the market.

Siding type segment to dominate throughout the forecast period:
Siding type contributed nearly half of the total market share in 2017 and will continue to dominate throughout the forecast period. This is due to increase in the number of construction activities in residential and commercial sector. However, trim type segment would register the highest CAGR of 6.17% from 2018 to 2023, owing to its ability to transform the look of infrastructure at low cost. The report also analyzes the structural subfloor segment.

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Commercial buildings segment to maintain its lion's share through 2023:
Commercial buildings segment accounted for more than half of the total market share in 2017, owing to rise in industrialization, technological advancements, and increase in migration to Europe. This segment would continue its lead through 2023. However, residential buildings would grow at the fastest CAGR of 6.0% from 2018 to 2023, owing to increase in investments in the real estate sector, rise in building renovations & remodeling, and high prominence of eco-friendly building technologies.

Western Europe to continue its lead position by 2023:
Western Europe accounted for nearly half of the total market share in 2017, owing to favorable economic policies and political priorities. This region would retain its lead position throughout the forecast period. However, rest of Europe is expected to grow at the fastest CAGR of 6.3% from 2018 to 2023, owing to improved economy and rise in development of housing projects. The report also analyzes Eastern Europe.

Leading market players:
The key market players analyzed in the report include Wienerberger Baustoffindustrie AG, U-Kon System, Holzplast LLC, Hanson Building Products Limited, Royal Europa Sp. z o.o, Kingspan Group, Hekim Construction Inc., Leier International, and RHEINZINK. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to achieve a strong position in the industry.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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