Press release
Construction Products Market in Europe is Booming with Top key Players Like Holzplast LLC, Hanson Building Products Limited, Royal Europa, Kingspan Group
According to a recent report published by Allied Market Research, the Construction products market in Europe is forecasted to grow at a CAGR of 5.7% from 2018 to 2023. The market was accounted at $89,090.4 million in 2017 and is expected to reach at $124,115.8 by 2023. The substantial growth in the construction sector increases the demand for construction products in Europe.
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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.
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 a low cost.
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Key Findings of the Europe Construction Products Market :
• By product type, the siding segment is expected to grow at an estimated CAGR of 5.9% in the Europe construction products market during the forecast period.
• In 2017, Western Europe accounted for the highest revenue among the other regions.
• By end user, commercial buildings segment is anticipated to exhibit substantial growth during the forecast period.
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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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