Overview:
The global
block paving market size is expected to find
substantial backing from the burgeoning residential sector in both developed
and developing regions. This would also impact the block paving market share
during the forecast period of 2018 to 2022. Market Research Future (MRFR)
analyzed the market in holistic ways to understand how different factors are
going to influence the market. Among its features, block paving’s durability is
expected to play a major role in spurring the market need. Also, the
residential sector is showing notable scope for the market to percolate and
expand in the coming years. Companies, involved in the market, know much about
these tropes and are investing more in technologies to secure advantages.
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Segmentation:
The study of the block paving market depends on an
understanding of three segments; material, end use, and product. MRFR analysts
have introduced this segmentation to dig deeper into the market for data that
can help in developing insights.
By material, the global market study depends on a study
that includes sub-segments like clay, building bricks, and concrete. Both clay
and concrete are expected to make sure that the market moves forward with
notable backing.
By product, the market report on block paving includes
analysis of pavers, glazed clay bricks, and wall blocks. Inclination towards
glazed clay bricks is rising in the construction sector, which will help the
market register growth.
By end use, the market study of block paving includes
details of structural, hardscaping, fireplace, siding, and others.
Regional Analysis:
North America is banking on demand generated by the US
for further growth. The region is already leading the global market as its
investment in the sector is quite substantial. In Asia Pacific, the market will
find significant growth opportunities due to burgeoning industries.
Competitive Landscape:
Superior Asphalt Inc., McBride Construction, Palmetto Corp,
Brett Landscaping & Building Products, Marshalls PLC, Premier Pavers and
Stone, Kilsaran International, Tobermore, and Paving Superstore are some of the
major names involved in the global block paving market. MRFR analysts have
included recent changes made in the market to understand trends that are
governing the market. This will help in identifying moves that can have a
lasting impact on the market. Tactical measures like merger, acquisition,
research funding, launching, tie-up, and others are also going to have a
substantial impact on the global market. These will help in an assessment of
the market possibilities and growth, and the contributions made by these
companies.
Industry News:
In August 2020, Tobermore announced that they had spent
more than 10 million US Dollars on improving their infrastructure and meeting
the surging demand for block pavings. It will help the company in increasing
its production. The completion of this ramping up process is on schedule and
the company is looking for a good 2021 in terms of revenues.
Construction activities in major cities, projects, and
residential sectors are getting better support from both government and private
investors, impacting the global block paving market's expansion plans. However,
the COVID-19 crisis had some impact on the market in various developing
countries as funding for projects involving block paving took a huge hit. This
is mainly due to the unprecedented financial woes and worries about the future.
Seeing the outcome of the crisis, a lot of people have decided to refrain from
investing in the residential sector, which has affected the market’s
percolation in the industry.
Key Players
Brett Landscaping & Building Products, Palmetto Corp, McBride
Construction, Marshalls PLC, Premier Pavers and Stone, Tobermore Superior,
Paving Superstore, Asphalt Inc., and Kilsaran International are some prominent
competitors of the block paving market as per MRFR analysis. Competitive
assessment on the market by MRFR supplemented by COVID-19 analysis and its
short and long-term effect on the market are detailed in the report. These
marketers and their marketing strategies are studied to deliver competition
insights of the global block paving market that can aid investors make rational
decisions to boost their business and gain global recognition.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
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