The US Commercial Paving Slabs Market Size Is Expected To Reach US$735.8 Million By 2030, Recording A Compound Annual Growth Rate Of 10.1%
Increasing construction activities with increasing focus on flooring as the traditional flooring solution is expected to drive the growth of the market.
Paving slabs are increasingly popular in the market due to their enhanced strength over alternatives such as tiles, which indicates a lower risk of alternatives. A number of firms are involved in the market in the production and supply of raw materials and the operation of dedicated and uninterrupted distribution networks, which results in the mid-to-high bargaining power of the suppliers.
The market offers a simple value chain with a higher degree of integration, which helps players to increase customization and modification of their products and amplify their profits. Moreover, the presence of many manufacturers, who provide quality products at competitive prices, has increased the bargaining power of buyers.
The market shows a high initial investment in terms of production setup, which is dominated by existing private firms. The market requires a strong distribution network, focusing on a wide product range with customization options; As a result, entry barriers are high. Thus, the risk of new arrivals is expected to be low.
Highlights of the US Commercial Paving Slabs Market Report
Concrete paving slabs are expected to experience the fastest growth (revenue) from 2022 to 2030, at a compound annual growth rate of 11.7%, due to their strength and durability along with their outstanding aesthetics.
Stone paving slabs captured a market share of more than 9% by volume in 2021, due to the high cost of their products due to the cost of importing the raw materials needed to produce them.
It is estimated that the clay paving slabs market will reach US$164.8 million by 2030, which can be attributed to its easy availability and low price point.
The crushed stone flooring market is expected to witness limited growth at a CAGR of 7.6% from 2022 to 2030, owing to its low strength and high maintenance cost.
The major players in the market rely heavily on product innovation such as the development of permeable rainwater runoff floors which are expected to aid in the growth of the market due to its positive environmental impact.
Main topics covered:
Chapter 1. Methodology and Scope
1.1 Scientific Research Methods
1.2 Research scope and assumption
1.3 Purchasing information
1.4 Information Analysis
1.5 Market formulation and data visualization
1.6 Data Validation and Dissemination
Chapter 2. Executive Summary
2.1. market forecast
2.2. Regional Outlook
2.3 Competitive Insights
Chapter 3. US Commercial Paving Slabs Market Variables, Trends and Scope
3.1. Define penetration and growth
3.2 Industry value chain analysis
3.3 Regulatory framework
3.4. market dynamics
3.4.1. Market Engine Analysis
3.4.2. Market Restrictions Analysis
3.5 Industry Analysis – Porter’s Five Forces Analysis
3.6 PESTLE ANALYSIS
the fourth chapter. American Commercial Paving Slabs: Material Estimates and Trend Analysis
4.1 The US Commercial Paving Slabs Market: Material Movement Analysis, 2021 and 2030
4.2.1. Concrete Paving Slabs Market Estimates And Forecast, 2017-2030 (US$ Million) (Million Square Meters)
4.2.4. broken rock
Chapter 5. The US Commercial Paving Slabs Market: A Competitive Analysis
5.1 The Major Global Players, Their Initiatives and Influence on the Market
5.2 Competitive environment
5.3 Landscape Salesman
5.4. budding players
Chapter 6. Company Profiles
Hannover Architectural Products
Artistic Paver Manufacturing, Inc.
Abbotsford Concrete Products Ltd.
Westile roofing products
Sunny Brook Pressed Concrete, Co.
Mutual Material Company
Tile Tech, Inc.
Wausau Tile, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/6kxl0p
View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005756/ar/
Laura Wood, Senior Director of Press
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