Karnataka Bricks & Blocks Market Outlook to 2027

The report provides a comprehensive analysis of the potential of bricks and blocks industry in Karnataka. The report covers an overview and genesis of the industry, market size in terms of revenue.

Its market segmentations include by bricks type, by market structure, by production process of clay bricks, by concrete block type, by applications, by block dimension, by region, by districts and by applications; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to publisher estimates, the Karnataka Bricks & Blocks Market - which grew from approximately INR ~28,000 CR in 2017 to approximately INR ~44,000 CR in 2022 - is forecasted to grow further into INR ~63,000 CR opportunity by 2027, owing to the escalating construction activities, growing emphasis on green buildings and government support.

With upcoming huge construction projects in Karnataka like Peripheral Ring Road (PRR) worth INR 41k Cr, New Bellary Airport worth INR 650 Cr, Embassy Tech Village worth INR 1,500 Cr rising demand for high-rise residential building activities are likely to boost the market.

Solid Concrete Blocks are likely to be used extensively in construction of structural walls, retaining walls, partition walls, foundations for buildings and other structures.

Key Trends by Market Segment:

By Market Structure: Preference towards unorganized sector is high majorly due to price differentiation where unorganized offer lower prices compared to organized and a large number of local players in the market.

By Production Process of Clay Bricks: DDKs have an advantage where the fuel and fuel residue do not come into contact with the kiln charge and therefore no pollutants are deposited on the surface of the products. Hence, most brick manufacturers prefer DDK.

Competitive Landscape

The Karnataka Bricks and Blocks Market is currently at growing stage with highly fragmented competition. Additionally, market have witnessed entry of players in past 3-4 years with 20-25 manufacturers as the Karnataka government has been promoting to use AAC Blocks in construction activities to address environmental concerns in the state. Market players are competing with each other on the basis of pricing, number of manufacturing units, advanced technology, clientele, production capacity.

Future Outlook

The Karnataka Bricks and Blocks Market witnessed significant growth during the period 2017-2022, owing to increasing environmental concerns, government initiatives, rising urbanization and industrialization.

Upcoming residential construction, infrastructure development for hub for information and technology and Smart City projects will drive the market in near future.

 

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