The Block Paving Market is primarily driven by the increasing number of vehicles due to a development in the residential sector. The firms and retailers in the market are majorly focused on higher growth of construction areas like supermarkets and malls, education and infrastructures and office spaces and healthcare. There has been an enhanced rise in the adoption of paving materials in several construction sectors due to their convenient use. The market stood at a global estimation of $101.7 billion in 2021. With favorable conditions driving the market dynamics, the market is further expected to demonstrate the growth of $222.4 billion by the end of 2031.
The forecast period of the market is predicted from 2022 to 2031, amid which healthy and substantial growth is predicted for the market. The market also showed a global growth rate of 7.6% of CAGR. The Block Paving Market has many driving factors in the market dynamics. The primary ones remain the use of clay and concrete. The ease with which these materials can be used in the construction sector can be used to develop several infrastructures. The majority of the consumer population also prefers modern design, because of which the market is showing significant growth. Several government initiatives are also being taken in order to boost and promote paving products. However, restraining factors have also hampered the growth and development of the market. The pandemic led the government to impose several rules and impositions that hampered the supply chain of the market.
The import and export of the raw materials were stopped causing major losses for retailers and contractors. The pandemic reduced the availability of labor needed for construction sites, which negatively impacted the growth and development of the market. The Block Paving Market, however, is properly balanced between the driving and the restraining factor driving the market dynamics.
The Block Paving Market is segmented into its product types and application.
Based on its product type, the market is segmented into wall blocks, pavers and glazed clay bricks. By application segmentation, the market is again segmented into siding, fireplace, structural and hardscaping.
Regionally, the market is widely spread over areas of the US and Canada in North America, Chile, Mexico, Brazil and Peru in Latin America. Parts like Germany, France, the UK, Spain and Italy are also dominated by the market in Western Europe. Major parts of Asia-Pacific like Japan, China, New Zealand and India are also a prominent part of the market dynamics.
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Table Of Contents
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL BLOCK PAVING MARKET: BY PRODUCT
1.3.2 GLOBAL BLOCK PAVING MARKET: BY MATERIAL
1.3.3 GLOBAL BLOCK PAVING MARKET: BY END USE
1.3.5 GLOBAL BLOCK PAVING MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCHPT
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
Several key players have been actively participating in the market dynamics of the Block Paving Market. This has driven them towards some major development and potential collaborations and product launches in the market dynamics. Some of the major key players in the market are Brett Landscaping & Building Products, Kilsaran International, Paving Superstore and McBride Construction. Some of the recent product development was: