PUBLISHER: Allied Market Research | PRODUCT CODE: 1266347
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266347
The global brick making machines market was valued at $2,053.9 million in 2021, and is projected to reach $3,263.0 million by 2031, registering a CAGR of 4.6% from 2022 to 2031
A brick producing machine uses hydraulic pressure and electrical vibration to make bricks. These machines are made in a variety of models with varying degrees of automation and capabilities.The government spending on infrastructure improvements, such as repairing roads and bridges, is anticipated to rise in the future. The market is primarily driven by surge in the building and infrastructure development demand. Different kinds of bricks are needed in sectors such as tunnel, road, and dam construction. With an expected two billion more people living in cities by 2040, a significant increase in the demand for infrastructure such highways, subways, tunnels, common areas, and commercial facilities is anticipated. Hence, the market growth of brick producing machines is driven by government spending on infrastructure development.
Brick-making machinery is an expensive and bulky equipment. Customers who cannot afford such an expensive machine instead choose to make bricks the old-fashioned way. Hence, not all consumers have the financial means to purchase such pricey machinery. In addition, many consumers find it difficult to obtain equipment financing at higher interest rates. Moreover, separate machinery is needed to produce different types of brick. Owing to budgetary constraints, consumers cannot own all manufacturing equipment. These limitations limit the expansion of the market for brick manufacturing machines.
On the other hand, construction activities have grown as a result of rapid urbanization and industrialization of developing nations. The market expansion is driven by increase in demand for infrastructure and building projects. Construction of new infrastructure is becoming necessary as a result of ongoing development of industries including highways, railways, tunnels, non-residential building, and mining. This has fostered the need for various types of bricks and has opened up a significant window of opportunity for the brick-making machine industry to expand in emerging nations.
The brick making machines market is segmented on the basis of type, die type, machine, and region. By type, the market is bifurcated into automatic and semi-automatic. By die type, the market is divided into single die, dual die, and multi die. By machine, the market is fragmented into mobile and stationary. Region wise, the brick making machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the brick making machines include: Zhengzhou Yingfeng Machinery Co.,Ltd, Chirag Concrete Machine Private Limited., J.C. Steele & Sons Inc., SnPC Machines Pvt. Ltd., Jayem Manufacturing Co., ZCJK Intelligent Machinery Wuhan Co., Ltd, Shankar Engineering Corporation, Aimix Group Co., Ltd., Global Impex, and Wangda Bricks Machinery. Major companies in the market have adopted business expansion, and product launch as their key developmental strategies to offer better products and services to customers in the brick making machines market.