Red brick is an important material primarily used in the construction of buildings. Red bricks protect the building from the heat as it collects heat energy that is absorbed during daylight and releases the heat after the sun sets. This process helps to keep the house cool in summer and warm in winter. Red brick is strong for normal construction and the raw material for red bricks are easily available with low cost of maintenance. Red bricks have strong plaster durability to hold the bricks together for a longer period of time.
Increasing construction activity and infrastructure, rising per capital income, rapid industrialization and urbanization, and increasing economic growth are the major trends which are projected to drive the demand for red brick during the forecast period. Furthermore, rising demand for premium quality and eco-friendly material is the key driver estimated to expand the overall red brick market in the near future. Red bricks generate very small amount of waste and release minimal environmental pollutants; therefore, they are environment friendly and degrade completely. However, due to low profitability for builders, various builders are avoiding red bricks production, which is estimated to obstruct the red brick market during the forecast period. Red bricks are fire resistant, easily recyclable, and reusable which is projected to be an opportunity to drive the red brick market during the forecast period.
The global red brick market has been segmented by bricks type, color type, size, end use industry, and region. In terms of bricks type, the market has been divided into solid bricks and hollow bricks. On the basis of color type, the market is segmented into single color bricks and blend bricks. According to size, the market is bifurcated into small and large. There are mainly two types of size in inches in the red bricks market which includes 4 inches red brick and 6 inches red brick. Additionally, the red brick market based on end use industry is categorized into residential and commercial industry. Commercial industry segment is expected to expand faster as compared to residential end use segment. This is mainly due to increasing construction and new commercial offices being opened all around the globe.
Based on geographic regions, the global red brick market is classified across Europe (EU), North America (NA), Middle East & Africa (MEA), South America (SA), and Asia Pacific (APAC). North America country-level analysis features Canada, the U.S., and Rest of North America. Europe’s red brick market analysis and forecast includes markets across Germany, the U.K., France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, Australia, and Rest of APAC region. Middle East & Africa depicts the red brick market analysis and forecast across South Africa, GCC countries, and Rest of Middle East & Africa. The South America red brick market is segmented among Argentina, Brazil, and Rest of South America. Asia Pacific accounts for the largest market share currently and is expected to continue its dominance throughout the forecast period. With the increasing population, the need for housing is also rising.
Major companies operating in the global red brick market include Belden Brick, Brickhunter Limited, Redland Brick, PGH Bricks & Pavers Pty Ltd, El Khayyat Red Bricks Manufacturing, Shri Swami Bricks Industries,The Bespoke Brick Company, CityCastle, Neptune Industries Ltd., Al Diyar (Diyar Home), S. Anselmo ISOVISTA, Arora Firebricks, TOTAL Panel System, S.A., Green Leaf Brick, and Triangle Brick Co. The red brick market is growing owing to the durability of these bricks in extreme weather condition. Most vendors sell and promote their red bricks products via their own online sales website and some through e-tailer websites.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.