U.S. Commercial Paving Slabs Market Report 2022-2030: Rise in Construction Activity with Growing Focus on Pavers as Conventional Flooring Solution – ResearchAndMarkets.com
the “United States Commercial Paving Slabs Market Size, Share and Trend Analysis Report by Material (Concrete, Stone, Clay, Crushed Stone) and Segment Forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer.
The US commercial paving slab market size is expected to reach USD 735.8 million by 2030 and register a CAGR of 10.1%
Rising construction activities with growing focus on paving stones as conventional flooring solution is expected to drive the market growth.
The market has witnessed increasing popularity in paving slabs owing to its enhanced strength over its alternatives such as tiles, showing lesser threat of substitutes. A number of companies in the market are involved in the production and supply of raw materials and operate dedicated and uninterrupted distribution networks, which gives medium to high bargaining power to suppliers.
The market features a simple value chain with a higher degree of integration, which helps players increase their product customizations and modifications and amplify their profits. Moreover, the presence of several manufacturers, providing quality products at competitive prices, has led to an increase in the bargaining power of buyers.
The market has a high initial investment in terms of production setup, dominated by established private companies. The market demands a strong distribution network, focused on a wide product portfolio with customization options; therefore, the barriers to entry are high. Thus, the threat of new entrants should be low.
US Commercial Paving Slabs Market Report Highlights
Concrete paving slabs are expected to see the fastest growth (revenue) from 2022 to 2030, with a CAGR of 11.7%, due to its strength and durability coupled with its high-end aesthetics.
Stone paving slabs accounted for a market share of more than 9% by volume in 2021, due to their high product cost owing to the cost of importing raw materials for their production.
The clay paving slab market is expected to reach USD 164.8 million by 2030, which can be attributed to its ease of availability and lower price.
The crushed stone pavers market is expected to witness limited growth with a CAGR of 7.6% from 2022 to 2030, owing to its low strength and higher maintenance cost.
The major market players are highly dependent on product innovation such as the development of permeable paving stones with stormwater runoff which is expected to contribute to the growth of the market due to its positive environmental impact.
Main topics covered:
Chapter 1. Methodology and scope
1.1. Research Methodology
1.2. Research scope and hypothesis
1.3. Acquiring information
1.4. Information analysis
1.5. Market formulation and data visualization
1.6. Data validation and publication
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Regional outlook
2.3. Competitive Perspectives
Chapter 3. United States Commercial Paving Slabs Market Variables, Trends and Scope
3.1. Mapping of penetration and growth prospects
3.2. Industry Value Chain Analysis
3.3. Regulatory framework
3.4. Market dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restriction Analysis
3.5. Industry Analysis – Porter’s Five Forces Analysis
3.6. PESTLE analysis
Chapter 4. Commercial Paving Slabs in the United States: Material Estimates and Trend Analysis
4.1. US Commercial Paving Slab Market: Material Movement Analysis, 2021 & 2030
4.2.1. Concrete Paving Slabs Market estimates and forecast, 2017-2030 (USD Million) (Million Square Meters)
4.2.4. crushed stone
Chapter 5. U.S. Commercial Paving Slabs Market: Competitive Analysis
5.1. Key Global Players, Their Initiatives and Market Impact
5.2. Competitive environment
5.3. Supplier Landscape
5.4. Emerging players
Chapter 6. Business Profiles
Hanover Architectural Products
Artistic Pavers Manufacturing, Inc.
Abbotsford Concrete Products Ltd.
Westile Roofing Products
Sunny Brook Pressed Concrete, Co.
Materials Mutual Society
Tile Tech, Inc.
Wausau Tile, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/6kxl0p