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Construction Products Market In Europe : Showcases Promising Growth by 2023

02-25-2020 04:33 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Construction Products Market In Europe : Showcases Promising

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.

According to the report, the Europe construction products market generated $89.09 billion in 2017, and is expected to reach $124.11 billion by 2023, growing at a CAGR of 5.7% from 2018 to 2023.

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.

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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.

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.

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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.

Chapter: 1: introduction

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key Market Players
1.5. Research methodology

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models

Chapter 2: Executive summary

2.1. CXO perspective

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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