ID: MRFR/CO/1530-HCR | February 2021 | Region: Global | 109 pages
The Block paving Market is one of the growing markets in recent days. As there is an increase in the demand for the usage of the Market it is calculated with the CAGR of 2.0% during the Block paving Market Forecast period. The forecasting period is from 2018-to 2026.
The main usage in the constructional sector for the paving blocks when compared to the concrete, the paving blocks wins the race. Because of using the paving blocks in the constructional sector, the durability and the longevity has increased, cost-effectiveness, easy to complete the construction in a short period
What is made into the Block paving?
The blocks are made up of products with concrete and clay. On the other hand, they produce the blocks in various shapes like the square, rectangle.
The main driving force which creates the growth in the Block paving Market is because of the rapid urbanization, rising disposable income, growing industrial sectors and residential sectors, quick installation process, aesthetic features are some of the factors which increase the growth factors.
The overall growth of the Block paving Market Size has been stopped and negatively impacted by the spread of the pandemic. The spread of the pandemic has caused great defects in many industries and businesses. On the other side due to the spread of the pandemic, many constructional companies were halted because of the pandemic. this has caused the Market to the utter loss, this is because of the lack of raw materials like clay, concrete and also because of the lack of transportation. In addition to this crisis, the lack of labour for the construction buildings during the pandemic time to follow the social distancing is also one of the main reasons for the issues of the Block paving Market.
Increase in the demand for clay and concrete in the recent days for the construction work. Then additionally the development of the increase in the growth of the constructional industries is also one of the main reasons for the increase in the usage of the Block paving Market.
As the industries are getting developed the people’s interest in using the innovative ideas of the infrastructure is also one of the main reasons for the growth of the Block paving Market.
Then the government invested in the refurbishment and infrastructure development in the growth of the Market.
The usage of the clay and the concrete can lay the simple patterns in the buildings but whereas the block can be used for many designs in developing the infrastructure. As people are preferring good and modern designs in recent days this paves the way for the growth of the Block paving Market Share. Then another growth factor that boosts the Market Value is the government initiatives to promote block paving products. Additionally, the growth opportunity is been paved in the growth and the demand raised in the constructional sector for the demand of the clay and concrete is also positively impact the Market Growth.
Though many developing factors boost the Block paving Market many hindering factors cause a negative impact on the growth. The spread of the pandemic which leads to the demand for transportation to supply the raw materials to the manufacturing companies is also one of the restraining factors. The availability of the labours for the constructional work has become shortage due to the pandemic spread which impacted the growth of the Block paving Market.
The challenge which is faced by the manufacturing companies is to raise the Block paving Market Value, is to maintain the supply chain of the delivery. Because of the pandemic, there is less availability of transport and the raw materials have caused the delay in the delivery. So the manufacturing companies are in the struggle to get investors. These struggle of the manufacturing companies also impacts the growth of the Block paving Market.
Cumulative growth analysis
The overall Block paving Market Analysis is great in recent days because the people's expectations have been raised to use the interior designs with the new infrastructure. This is one of the main reasons which is driving the growth of the Market. Also, the government initiatives to use the block paving products is one of the main reasons for the growth.
Value chain analysis
Though many driving factors impact the growth of the Block paving Market. But some negative impacts bring the hindrance to the market value. The hindrance which impacts the growth is the lack of labours in the recent days for the construction works is one of the main hindrances. Later on, the impact in getting the proper investments from the investors is another restraining factor of the Market.
Market segment overview
The gazed clay bricks are rising its growth in the constructional sector in the recent days.
Both clay and concrete are holding the dominating place in the Block paving Market.
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
The overall growth of the Block paving Market Outlook is great because of the demand for block paving products in the construction sector. Due to the demand created the key player are in urge to develop their production and also to expand their business to the next level by launching their companies in many regions. On another hand, due to the spread of the pandemic growth in many regions, many companies have lost their market and need investors to regain their market value. So the companies are in need to merge with other companies, once they collaboration gets success they can reach their place in the market.
Global Block Paving Market Size, by Regions (USD Billio)
The Block paving Market is been developed in many regions like North America, Asia Pacific, Europe and the Middle East and Africa.
North America is the region that has great demand for block paving products because of the countries like the US, Canada. As there is a great demand for the blocks because of the growth of the construction sectors. In recent years there is the huge growth in both the residential and commercial sectors which boost the growth of the Market. On the other hand, the large number of investors available in North America is also one of the reasons for the dominating state of North America.
The Asia Pacific region is holding second place in the Block paving Market, this is because of the growth opportunities due to the development in the construction sector. In addition to that Asia Pacific region is also known as the growing region in the forecast period.
Other regions like Europe, the Middle East and Africa is also expected to get development in the upcoming years because of their gradual growth in the construction sectors.
They are some of the key players who are holding a major place in the Block paving Market.
The key players are working in the great urge to get developed after the spread of the pandemic. Even in recent days, many companies are at the loss because of the spread of the pandemic, so the companies are expecting to get financial support from the investors or need to collaborate with the other companies so that they can regain their market value.
In August 2020, the tobermore company has announced their development by spending USD 10 million to improve their demand for block paving products. As this development can lead the company to compensate for the need and also helps to increase production.
|Market Size||2030: Significant Value|
|CAGR||Substantial CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Material, End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||McBride Construction, Palmetto Corp, Superior Asphalt Inc., Premier Pavers and Stone, Brett Landscaping & Building Products, Tobermore, Kilsaran International, Marshalls PLC and Paving Superstore.|
|Key Market Opportunities||Increased investment in infrastructure and government support to bring economic development|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Block paving is one of the longest lasting and popular surfacing options and can be made from various materials such as clay and concrete.
The residential sector is the largest end user of block paving.
The growing demand for residential construction is likely to be a major driver for the block paving market.
North America is the largest block paving market.
Leading players in the global block paving market include Palmetto Corp., McBride Construction, and Superior Asphalt Inc., among others.