AMA Research forecasts 11% decline in bricks, blocks and precast concrete sector due to COVID-19 Visits : 51

AMA Research forecasts 11% decline in bricks, blocks and precast concrete sector due to COVID-19

Market growth for the bricks, blocks and precast concrete sector was at a steady 13% between 2015 –2019, however AMA Research are predicting an almost complete reverse from the start of 2020 as the COVID-19 pandemic ensues. The company suggests that we are likely to see an 11% drop in this area but should be expecting a return to growth through H2 of 2020. However, should the downturn in construction be deeper than currently forecast, then the demand levels for bricks, blocks and precast concrete products is likely to fall further, resulting in too optimistic a view presented by the current forecast.

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