Global Paving Stone Market Size study & Forecast, by Paving Material (Concrete Pavers, Natural Stone Pavers, Clay Brick Pavers), by Application (Driveway, Walkway, Patio, Pool Decks, Garden, Others), by End-use (Residential Construction, Commercial Constr

Global Paving Stone Market Size study & Forecast, by Paving Material (Concrete Pavers, Natural Stone Pavers, Clay Brick Pavers), by Application (Driveway, Walkway, Patio, Pool Decks, Garden, Others), by End-use (Residential Construction, Commercial Construction) and Regional Analysis, 2023-2030

Global Paving Stone Market is valued at approximately USD 43.48 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2023-2030. Paving stones are frequently used to build patios, driveway surfaces, and walkways. Numerous shapes, such as squares, rectangles, and diamonds, are available for pavers. Paving stones offer a simpler solution due to their standardized sizes and manufactured nature. Pavers stones is used inside the home, outside, and around patios. Quick installation, great durability, and minimal maintenance are the factors propelling the worldwide paving stones market. Paving stone is a common substitute for asphalt or concrete flooring since it enhances the aesthetic of any property. The rise of the paving stone market has been driven by the combined need for construction bricks made of clay and concrete as well as emerging nations are experiencing more traffic congestion.

The rapid growth of the construction industry is associated with the global market growth. According to Statista, in 2021, the global construction market was estimated to be worth around USD 7.3 trillion, which is projected to grow and reach to nearly USD 14.4 trillion by 2030. .Due to paving materials' advantageous qualities, particularly for applications such as non-residential and residential construction, the global market for paving materials is predicted to expand quickly. The demand for paving stones is anticipated to increase as a result of the growing number of vehicles on the road and the increasing need for new road building. However, , the market expansion is anticipated to slow down due to thecostly initial expenditures and paving stone-related environmental concerns, during the projected period 2023-2030

The key regions considered for the Global Paving Stone Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to a rapid increase in population, and the presence of the largest markets in the region such as India, Indonesia, and China. Furthermore, the construction industry in the Asia Pacific is witnessing strong growth. This is expected to drive the demand for paving materials in the Asia Pacific during the forecast period 2023-2030. Europe is expected to grow significantly over the forecast period. The demand for paving stones is anticipated to increase in the region as a result of the growing number of infrastructural development projects and the increasing need for new road building

Major market players included in this report are:
Thomas Armstrong Group
Marshalls plc
NGM Blocks
Pavestone UK Ltd
ARO Granite Industries Ltd.
Polycor Inc.
Mumal Marbles Pvt. Ltd.
Oaks Concrete ProductsArvicon International

Hanover Architectural ProductsRecent Developments in the Market:
In February 2021, Cemex unveiled the launch of Viabase, an engineered asphalt concrete. According to the business, the product is particularly suited for use on roads in a housing society, where it would be exposed to construction traffic before being overlaid when residences are finished.

In June 2021, American company Angel Brother Enterprises, which specialises in asphalt paving and infrastructure solutions, was acquired by CRH. Additionally, for a total of USD 0.7 Bn, CRH completed seven purchases in the United States and Canada.

In November 2021, In the spring of 2022, Techo-Bloc Inc. announced it would open a new hardscape manufacturing facility in Ayr, Ontario, Canada. The business specialises in the design and manufacture of hardscaping items such as masonry stones, patio slabs, retaining wall systems, and pavers.

Global Paving Stone Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Paving Material, Application, End Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Paving Material:
Concrete Pavers
Natural Stone Pavers
Clay Brick Pavers

By Application:
Driveway
Walkway
Patio
Pool Decks
Garden
Others

By End Use:
Residential Construction
Commercial Construction

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Thomas Armstrong Group
Marshalls plc
NGM Blocks
Pavestone UK Ltd
ARO Granite Industries Ltd.
Polycor Inc.
Mumal Marbles Pvt. Ltd.
Oaks Concrete ProductsArvicon International
Hanover Architectural Products

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