Brick Making Machines Market Expected to Reach $3.3 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Brick Making Machines Market," The Brick Making Machines Market Size was valued at $2.1 billion in 2021, and is estimated to reach $3.3 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

A brick-making machine is a device that uses hydraulic pressure and electrical vibration to manufacture bricks. These machines are made in a variety of models with varying degrees of automation and capabilities.

One of the key reasons propelling the market growth is advancement in brick production technologies. Precast machineries are evolving quickly, which can be attributed to the desire for accurate and quick manufacturing. For instance, a Haryana-based firm called SnPc Machines released their one-of-a-kind, completely automated brick-making machine in February 2021. The Government of India also presented the company with the National Startup Award. These methods aided in addressing the issue of a shortage of competent workforce. Hence, as technology advances, work becomes easier and the market for brick building machines expands. Moreover infrastructure development innitiative by government and private sector boosts the market. For instance, in November 2021, E-magazine published by Archi Expo, it states “Curitiba, Brazil to Inaugurate First Public Smart Building in 2022“ in December, City Hall will start building the Program’s first 788 new housing units, investing approximately $10 million. Such development activities will need bricks and other products for construction. This is anticipated to drive the growth of the brick making machines industry.

Brick making machines are large equipment that are expensive. Therefore, customers who are not able to buy such expensive machine opt for traditional brick making. Thus, not all customers can afford to buy such expensive equipment. In addition, getting loan on higher interest rates to buy the equipment is not feasible for many customers. Moreover, different bricks require different machinery for its  manufacturing. Not all manufacturing machines can be owned by customers due to financial limitations. These factors restraint the global brick making machines market growth.

In addition, the outbreak of COVID-19 led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to the interruption of the supply chain, thereby hindering the growth of the brick making machines market. However, this situation is expected to improve as the government is relaxing norms around the world for resuming business activities.

Rapid urbanization and industrialization in developing countries has given rise to construction activities. The surge in demand for construction & infrastructure developments largely drives the market growth. For instance,in November 2021, Brickmaker Ibstock has launched its new business unit, invested around £50m in order to brick slip system factory. By means of this investment manufacturer of clay bricks and concrete products setup a new brand-new venture – Ibstock Futures – will be headquartered in London and will help diversify the business. In addition industries, such as roads & railways, tunnels, residential & non-residential construction, and mining, are continuously developing, which, in turn, is creating the need for construction of new infrastructure. This has led to rise in demand for different types of bricks, thereby creating a major opportunity in emerging countries for growth of the brick making machines market share.

The brick making machines 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 classified into mobile and stationary.

Region wise, the global 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).

COMPETITION ANALYSIS

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.

KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging global brick making machines market trends and dynamics.
• By type, the automatic segment dominated the market in 2021.
• By die type, the multi die segment dominated the market in 2021.
• By machine, the stationary segment generated the highest revenue in 2021.
• Region-wise, Asia-Pacific dominated the market in 2021. And LAMEA is anticipated to dominate the global brick making machines market exhibiting highest CAGR during the forecast period.
• The report provides an extensive analysis of the global brick making machines market outlook and emerging opportunities of the market.
• The global brick making machines market forecast analysis from 2021 to 2031 is included in the report.