Press release
Interlocking Concrete Pavers Market Growth Insights, Size, Share, Trends and Forecast by 2032
The interlocking concrete pavers market size was valued at $15.4 billion in 2020, and is estimated to reach $27.2 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.Interlocking concrete pavers are mainly made from cement or concrete and usually simulate the effect of a cobblestone path. This special connection allows easy laying of paving stones without the use of mortar. Interlocking concrete paving has the advantage of being an easy do-it-yourself paving material for homeowners and contractors. It is glued using sand and can be used to cover any patio, deck, driveway, or sidewalk. Interlocking concrete pavers are available in a variety of colors and designs. It is modular, meaning it can be connected to form different geometric designs.
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The increase in demand for interlocking concrete pavers can largely be attributed to the rise in the number of construction of driveways, walkways, patios, pool decks gardens, courtyards, and others. Typically, interlocking concrete pavers is made up of materials such as cement, aggregates, water, pigments, and others. In addition, based on thickness, the 60-80mm segment accounted for the highest market share in 2020, owing to its abrasion and skid resistance, and durability. The market is analyzed with respect to different applications such as driveways, walkways, patios, pool decks, and others.
New construction projects and redevelopment or repair of old buildings, roads, and other infrastructures are the major driving factors of the interlocking concrete pavers market. In addition, the use of precast products saves a lot of construction time as well as avoiding wastage of material, further giving a cost-effective solution.
Moreover, the development of manufacturing technology along with new and advanced machinery drives the growth of the interlocking concrete pavers market across the globe. However, high investment to initially set up a precast manufacturing facility acts as a restraint for market growth. Moreover, rise in the use of sustainable building materials fuels the growth of the interlocking concrete pavers market. On the contrary, the rise in development plans in emerging countries is expected to act as an opportunity for the interlocking concrete pavers market growth during the forecast period.
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Top Runners Include Are:
CRH, Secoin Corp, Reackon Polyplast, Western Interlock, Techo-Bloc, Premier Building Material Sdn, sunway group, Unilock, Fendt Builder, Island Block and Paving
Key Segments:
By Application
Driveways
Walkways
Patio
Others
By End-User
Residential
Commercial
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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