Global Commercial Paving Slabs Market Share Is Expected To Grow At A CAGR Of 8% By 2026

05-Feb-2020 | Facts and Factors

Facts and Factors have authored “Commercial Paving Slabs Market Forecast, Production and Consumption, Import-Export Analysis, Business attractiveness, Type and application analysis, Competitive landscape, Industry analysis, Raw material analysis, Marketing, and distribution strategy: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”. Based on our analysis, the global Commercial Paving Slabs market in 2019 is approximately USD 7,280 Million and is anticipated to reach around USD 12,000 Million by 2026. The anticipated CAGR for the Commercial Paving Slabs market is around 8% from 2020 to 2026.

Paving slabs which are commonly known as pavement are a very popular alternative among the residential properties. They are very easy to install in small or large areas. Paving slabs are in huge demand because of their easy availability in a variety of colors, shapes, sizes, and materials. They are also used on commercial properties as it is very durable and gives a very stylish and unique appearance to the commercial spaces. The reason why it is considered to be a primary choice among residential properties over commercial properties is because of the creativity that can be used as per the requirement and the liking of the owner of the residence. The strong and durable nature of the paving slabs helps them to last for many years and the owner can choose different shapes, colors, designs, and patterns that are suitable for the surroundings around the homes. The choice of the material through which the paving slabs are created differ from person to person. Each material has its own advantages and disadvantages. So it depends upon the buyer to choose the slab of any material as per their requirement.

Browse the full “Commercial Paving Slabs Market Forecast, Production, and Consumption, Import-Export Analysis, Business attractiveness, Type and application analysis, Competitive landscape, Industry analysis, Raw material analysis, Marketing, and distribution strategy: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” report at https://www.fnfresearch.com/commercial-paving-slabs-market

Due to the massive infrastructural development plans launched by the governments across the globe and to fulfill the demands of the growing earning people, people are investing more in housing development to have their own property. Due to economic growth, huge commercial spaces are under construction that has big office spaces. South Asian countries like India, Malaysia, Thailand are currently investing heavily in the infrastructural plans laid down by the governments due to the favorable conditions for the growth and to meet the increasing demands of the growing economical population in these developing economies.

As there is a huge demand for concrete based paving slabs with superior strength and good performance, the demand for these paving slabs is likely to drive the growth of the commercial paving slabs. As these paving slabs are available at an economical price with great strength and durability, these concrete based slabs are driving the demand for concrete pavers, and further increase the demand of the commercial paving slabs on a global scale. But due to the economic slowdown in many European countries like UK, Spain,  and Greece due to the financial recession in the year 2007-2009 has hampered the growth of these countries as maximum sectors in these countries are not doing well. The construction industry which is considered the most significant sector in the development of any country is growing at a slow growth rate due to which there is not much demand for the commercial paving slabs in these regions. For this, several manufacturers are coming up with new technologies and innovations in manufacturing these paving slabs that would be available at economical rates with a much more strong and durable guarantee from the manufacturer.

Concrete is seen dominating in the year 2019 because of its easy availability, its durable and strong nature. And as concrete just has to be molded in the mold of any shape or size, the concrete paving slabs are majorly demanded in residential properties to make the house more attractive. This is because the choice of a person varies from person to person. Hence the person with his or her own choice of color, shape, and size gets the opportunity to choose the slab and apply it at the desired place or location.

As the Asian countries show their dominance in the usage of the paving slabs due to their growing infrastructure, there is a huge demand for these paving slabs from the Asia Pacific region. Countries like India, Malaysia, Vietnam are among the top players that make use of these paving slabs on a larger scale. These paving slabs of varied shapes, sizes, and colors make spaces of the commercial or residential places more attractive and resistant against external forces or weather conditions.

Top Companies included in the report are :

• Hanover Architectural Products
• Unilock
• Artistic Paver Manufacturing
• Pavestone
• Abbotsford Concrete Products
• Westile Roofing Products
• Sunny Brook Pressed Concrete
• Tile Tech
• Mutual Materials
• Techo-Bloc
• Wausau Tile

Report Scope

This report segments the Commercial Paving Slabs market as follows:

Global Commercial Paving Slabs Market: By Type Segment Analysis

• Concrete
• Clay
• Stone

Global Commercial Paving Slabs Market: By Application Segment Analysis

• Landscape Areas
• Residential Properties
• Others

Global Commercial Paving Slabs Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa

Rest of Middle East & Africa

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