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Global Paving Stone Market to reach USD 79.88 billion by the end of 2030.

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

Product Code: OIRBC-93422373
Publish Date: 4-08-2023
Page: 200

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:
Ø 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.
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered -Paving Material, Application, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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:
Pool Decks

By End Use:
Residential Construction
Commercial Construction

By Region:

North America


Asia Pacific
South Korea

Latin America

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Paving Stone Market, by Region, 2020-2030 (USD Billion)
1.2.2. Paving Stone Market, by Paving Material, 2020-2030 (USD Billion)
1.2.3. Paving Stone Market, by Application, 2020-2030 (USD Billion)
1.2.4. Paving Stone Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Paving Stone Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Paving Stone Market Dynamics
3.1. Paving Stone Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing need for construction bricks made of clay and concrete Rapid growth of the construction industry
3.1.2. Market Challenges High initial investment cost of paving stone
3.1.3. Market Opportunities Increasing need for new road building Increasing application in Non-residential and residential construction
Chapter 4. Global Paving Stone Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Paving Stone Market, by Paving Material
5.1. Market Snapshot
5.2. Global Paving Stone Market by Paving Material, Performance – Potential Analysis
5.3. Global Paving Stone Market Estimates & Forecasts by Paving Material 2020-2030 (USD Billion)
5.4. Paving Stone Market, Sub Segment Analysis
5.4.1. Concrete Pavers
5.4.2. Natural Stone Pavers
5.4.3. Clay Brick Pavers
Chapter 6. Global Paving Stone Market, by Application
6.1. Market Snapshot
6.2. Global Paving Stone Market by Application, Performance – Potential Analysis
6.3. Global Paving Stone Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Paving Stone Market, Sub Segment Analysis
6.4.1. DrivewayWalkway
6.4.2. Patio
6.4.3. Pool Decks
6.4.4. Garden
6.4.5. Others
Chapter 7. Global Paving Stone Market, by End Use
7.1. Market Snapshot
7.2. Global Paving Stone Market by End Use, Performance – Potential Analysis
7.3. Global Paving Stone Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Paving Stone Market, Sub Segment Analysis
7.4.1. Residential Construction
7.4.2. Commercial Construction
Chapter 8. Global Paving Stone Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Paving Stone Market, Regional Market Snapshot
8.4. North America Paving Stone Market
8.4.1. U.S. Paving Stone Market Paving Material breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Paving Stone Market
8.5. Europe Paving Stone Market Snapshot
8.5.1. U.K. Paving Stone Market
8.5.2. Germany Paving Stone Market
8.5.3. France Paving Stone Market
8.5.4. Spain Paving Stone Market
8.5.5. Italy Paving Stone Market
8.5.6. Rest of Europe Paving Stone Market
8.6. Asia-Pacific Paving Stone Market Snapshot
8.6.1. China Paving Stone Market
8.6.2. India Paving Stone Market
8.6.3. Japan Paving Stone Market
8.6.4. Australia Paving Stone Market
8.6.5. South Korea Paving Stone Market
8.6.6. Rest of Asia Pacific Paving Stone Market
8.7. Latin America Paving Stone Market Snapshot
8.7.1. Brazil Paving Stone Market
8.7.2. Mexico Paving Stone Market
8.8. Middle East & Africa Paving Stone Market
8.8.1. Saudi Arabia Paving Stone Market
8.8.2. South Africa Paving Stone Market
8.8.3. Rest of Middle East & Africa Paving Stone Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Thomas Armstrong Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Marshalls plc
9.3.3. NGM Blocks
9.3.4. Pavestone UK Ltd
9.3.5. ARO Granite Industries Ltd.
9.3.6. Polycor Inc.
9.3.7. Mumal Marbles Pvt. Ltd.
9.3.8. Oaks Concrete Products
9.3.9. Arvicon International
9.3.10. Hanover Architectural Products
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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