Market Forecast by Countries (United States, Canada), By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC059360 | Publication Date: Nov 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
North America Construction Materials Market report thoroughly covers the market by countries, by product type, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Construction Materials Market is one of the biggest, with a growing demand for build materials, especially from the residential and commercial sectors. The construction industry is expanding, and so is the demand for construction materials. The North America construction materials market is experiencing stable growth due to increased government infrastructure spending and real estate activities in the region. The market is expected to grow at a CAGR of 3.6% by 2024. The market encompasses a wide range of product offerings, including cement, aggregates, concrete, asphalt, bricks, roofing, insulation materials, and much more.
According to 6Wresearch, the North America Construction Materials Market size is estimated to grow at a CAGR of 3.4% during the forecast period 2024-2030. The market is gaining momentum in the country, driven by Rapid urbanization, population growth, and an aging infrastructure are significant drivers for the North America construction materials market. The region has experienced a fair share of natural disasters that have led to infrastructure damage and a growing need for rebuilding and upgrading. Additionally, the region's increasing need for green buildings has further stimulated the need for sustainable construction materials.
However, some challenges hampering the market growth such as the ever-increasing demand for construction materials has led to a strain on natural resources, such as sand, gravel, and forests, which have been overexploited. Inadequate infrastructure, labor shortages, and supply chain disruptions are significant challenges in the construction materials market. On the other hand, the emerging trends like Energy-efficient and eco-friendly materials are leaving a positive impact on the North America Construction Materials Market growth. Builders are embracing new approaches to achieve energy efficiency and sustainability that complies with government standards. Besides, construction companies are incorporating moving systems, such as modular construction, off-site construction, and prefabricated buildings, to ease the construction process and increase productivity.
Governments in the North America region is focused on strategies to support infrastructure improvement and stimulate economic growth. Government efforts to increase infrastructure development, renovate transportation networks, and improve waste management practices have created opportunities for players in the construction materials market. all these government policies are opening the corridors of the market growth by increasing North America Construction Materials Market share.
The North America construction materials market comprises several leading global players, including LafargeHolcim, CRH, CEMEX, Eagle Materials, Martin Marietta, Boral, and Oldcastle. These key players offer a comprehensive range of products and services across the value chain.
According to Dhaval, Research Manager, 6Wresearch, the residential sector is leading in the market due to urbanization continues to grow. On the other hand, commercial buildings are driving the construction material demand with the growing offices and shopping malls development.
Based on country, Canada has emerged as the leader in the market underpinned by various factors such as Booming Housing Market, some favourable government initiatives, and Rise in Infrastructure Development.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Construction Materials Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Construction Materials Market Revenues & Volume, 2020 & 2030F |
3.3 North America Construction Materials Market - Industry Life Cycle |
3.4 North America Construction Materials Market - Porter's Five Forces |
3.5 North America Construction Materials Market Revenues & Volume Share, By Countries, 2023 & 2030F |
3.6 North America Construction Materials Market Revenues & Volume Share, By Product type, 2023 & 2030F |
3.7 North America Construction Materials Market Revenues & Volume Share, By Application, 2023 & 2030F |
4 North America Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Construction Materials Market Trends |
6 North America Construction Materials Market, 2020 - 2030 |
6.1 North America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
6.2 North America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
7 North America Construction Materials Market, 2020 - 2030 |
7.1 North America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
7.2 North America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
8 North America Construction Materials Market, 2020 - 2030 |
8.1 North America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
8.2 North America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
9 United States Construction Materials Market, 2020 - 2030 |
9.1 United States Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
9.2 United States Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Canada Construction Materials Market, 2020 - 2030 |
10.1 Canada Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
10.2 Canada Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
11 North America Construction Materials Market, 2020 - 2030 |
11.1 North America Construction Materials Market, Revenues & Volume, By Product type , 2020 - 2030 |
11.2 North America Construction Materials Market, Revenues & Volume, By Application, 2020 - 2030 |
12 North America Construction Materials Market Key Performance Indicators |
13 North America Construction Materials Market - Opportunity Assessment |
13.1 North America Construction Materials Market Opportunity Assessment, By Countries, 2023 & 2030F |
13.2 North America Construction Materials Market Opportunity Assessment, By Product type , 2023 & 2030F |
13.3 North America Construction Materials Market Opportunity Assessment, By Application, 2023 & 2030F |
14 North America Construction Materials Market - Competitive Landscape |
14.1 North America Construction Materials Market Revenue Share, By Companies, 2023 |
14.2 North America Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
15 Company Profiles |
16 Recommendations |
17 Disclaimer |