Block paving Market Size is fast gaining prominence as an aesthetic solution for surfacing. Several cities are launching plans to revamp various points in cities with block paving as these are long lasting. The global block paving market is gaining substantial lead and is expected to profit with substantial CAGR during the forecast period (2018-2023). Market Research Future (MRFR), in their latest report on the global block paving market, focused on various growth pointers that can be of great use to trigger future progress for the market.
Rapid urbanization, rising disposable income, booming residential sector, easy installation process, aesthetic features, and others are expected to increase the growth probability of the block paving market. However, in driving areas, its installation could create dangerous situations, which could dampen the block paving market’s growth prospect over the review period.
MRFR’s analysis of the global block paving market leads to a segmentation that allows a closer look at the market. This segmentation includes material, end-use, and product. Such a segmentation is based on volume-wise and value-wise figures provided by adept analysts.
Based on the materials, the block paving market can be segmented into clay, building bricks, and concrete. People look for products that are expected to be long-lasting that is why concrete and brick segments are gaining much leverage.
Based on the end-use, the block paving market can be segmented into structural, hardscaping, siding, fireplace, and others. The hardscaping segment is gaining support for various changes in the residential segment’s evolution. The fireplace segment can also be considered as substantial profit provider.
Based on the product, the block paving market can be segmented into pavers, glazed clay bricks, and wall block. Among these, glazed clay bricks segment has the maximum market share and pavers come in second in terms of market size.
Major regions in the global block paving market report, conducted by MRFR, are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Such a region-specific peek into the market is ensures a better perspective and helps in exploring growth pockets to their fullest potential.
North America’s growth in the block paving market is much higher than other regions. This has posed the market as the leader of the global market. This is due to the presence of countries like the US, and Canada, where state governments put extra emphasis on beatification of cities to make them more tourist-friendly. Such moves are providing much scope for the regional market growth. On the other hand, high investment capacity and burgeoning construction segment in the region are expected to take the regional market ahead.
Europe and the Asia Pacific are next in the line to benefit much from the regional market growth. The aesthetically upgradation process helps Europe in generating much profit. On the other hand, the APAC region is slated to become the fastest growing market by the end of 2023. The regional growth in government initiatives to build up housing projects and transforming sidewalks can be seen as main traction provider. Also, the changing preferences of customers are expected to substantiate the regional block paving market growth.
Prominent companies are continuously launching their strategic moves to substantiate their claim in the block paving market. At the same time, they are also helping the global market in attaining unprecedented growth. MRFR listed these companies and profiled them for a better analysis of the global block paving market trends. These companies are Palmetto Corp, McBride Construction, Kilsaran International, Superior Asphalt Inc., Tobermore, Brett Landscaping & Building Products, Marshalls PLC, Premier Pavers and Stone, and Paving Superstore.
In July 2019, Glastonbury government decided to pave their sideways Glastonbury Boulevard with block paving and the estimated cost for the project has reached USD 2 million. The project is expected to get complete by 2020.