Press release
Brick Making Machines Global Market 2024 - Industry Analysis, Future Trends, Segmentation, and Key Players Until 2033
Brick Making Machines Global Market
The Business Research Company offers in-depth market insights through Brick Making Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The brick making machines market size has grown strongly in recent years. It will grow from $2.09 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to urbanization, expansion of construction and infrastructure projects, growth of the real estate and housing sector, increased demand for durable and cost-effective construction materials, population growth and urban housing needs
.
The brick making machines market size is expected to see steady growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to availability of raw materials for brick production, environmental regulations impacting traditional brick kilns, integration of smart and iot technologies in brick machines, growth of mobile and compact brick making machines, customization options in brick size and design. Major trends in the forecast period include technological advancements in brick manufacturing, adoption of sustainable and eco-friendly brick-making technologies, technological innovations in modular and prefabricated construction, development of hybrid and energy-efficient brick machines, integration of robotics for precision in brick laying, collaboration between brick machine manufacturers and construction firms, use of recycled and upcycled materials in brick making.
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Market Segmentation:
The brick making machines market covered in this report is segmented -
1) By Type: Mobile,Stationary
2) By Machine: Clay brick machines, Concrete brick machines, Fly ash brick machines, Interlocking brick machines, Other Machines
3) By Die Type: Single Die, Dual Die, Multiple Die
4) By Operation Mode: Fully Automatic, Semi-Automatic, Manual
5) By End-User: Construction, Industrial, Other End Users
Major Driver - Increasing Construction Output Fuels Growth In The Brick-Making Machine Market
The increasing construction activities are expected to propel the growth of the brick-making machine market going forward. Construction refers to constructing structures like homes, factories, highways, and bridges. Numerous construction projects use several brick-making machines for high-volume and cost-effective brick production. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, increasing construction activities are driving the growth of the brick-making machine market.
Competitive Landscape:
Major companies operating in the brick making machines market report are Aimix Group Co. Ltd., Lontto Group, Shandong Shengya Machinery Co. Ltd., Apollo Zenith Concrete Technologies Pvt. Ltd., Everon B.V, ZCJK intelligent machinery Wuhan Co. Ltd., Jayem Manufacturing Co., Bimix Machines Pvt. Ltd., Vishwakarma Creative Engineering Pvt. Ltd., Bess Machine, Reva Engineering Enterprises, SnPC Machines Pvt. Ltd., Hydraform International Pty. Ltd., Verdes Clay & Minerals Equipment Private Limited, QGM Quangong Machinery Co. Ltd., Hardic Engineering, Zhengzhou Yingfeng Machinery Co. Ltd., Shankar Engineering Corporation, Hanje Hydrotech, Wilkinson Brick Making Machines, Robust Machine and Automation, Sadhana Engineering Industries, Pawan Vajra Eco Pvt. Ltd., Bothra Machines Pvt. Ltd., Tengzhou Luhu Machinery Co. Ltd.
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Top Trend - Product Innovation In The Brick-Making Machine Market
Product innovation is a key trend gaining popularity in the brick-making machine market. Major companies operating in the brick-making machine market are introducing innovative products to sustain their position in the market. For instance, in February 2021, SnPC Machines, an India-based machinery manufacturing company, launched the world's first fully automated brick-making vehicle. The truck, which serves as a brick-making machine, is equipped with a generator, a mixer, and a brick-making mold. The bricks are prepared for laying once the raw materials are loaded into the truck.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brick Making Machines Market Characteristics
3. Brick Making Machines Market Trends And Strategies
4. Brick Making Machines Market - Macro Economic Scenario
5. Brick Making Machines Market Size And Growth
…..
27. Brick Making Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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