The U.S. commercial paving slabs market size is
expected to reach USD 2.4 billion by 2025, according to a new report by Grand
View Research, Inc. Rising demand for high strength flooring solutions coupled
with growing expenditure regarding the aesthetics of the commercial
establishments is expected to emerge as the major reason driving market growth.
The commercial construction industry in the
economy exhibited growth over the past five years on account of rising
requirements regarding the office space by companies in the economy. The
revival of the U.S. economy coupled with the growth of commercial
establishments including eateries are expected to drive market growth over the
forecast period.
The construction and repairs of the existing
commercial structures account for a high demand for the paving slabs. In
addition, the rising substitution of conventionally used materials with paving
slabs coupled with the ease of installations is expected to drive growth over
the next nine years.
The U.S. Commercial Paving Slabs
Market is expected to be driven by the use of concrete pavers owing to
superior performance under stress. The industry is likely to exhibit growth on
account of superior properties of the product in unfavorable weather conditions
coupled with the ease of snow removal, a major point of concern for the choice
of flooring solutions in the U.S.
For full research report on U.S.
Commercial Paving Slabs Market visit here: https://www.grandviewresearch.com/industry-analysis/us-commercial-paving-slabs-market
Further key
findings from the report suggest:
- The industry in the U.S. is expected to grow
at a CAGR of 10% from 2016 to 2025 on account of rising adoption of concrete
and clay paving slabs for use in commercial establishments.
- Concrete paving slabs emerged as the major
material segment accounting for over 55% of the market share by volume in
2015 due to high strength and superior performance of the product.
- The demand for stone based product is expected
to grow at a CAGR of 9.5% by volume due to high price and limited
applications in commercial establishments
- The companies in the industry operate high
inventory levels in order to curtail the lead time resulting in high
volume production and improved profit margins
- The industry is characterized by the presence
of a large number of companies involved in product manufacture and
distribution through direct and third-party distribution channels
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-commercial-paving-slabs-market/request/rs1
Grand
View Research has segmented the U.S. commercial paving slabs market on the
basis of product:
Product
Outlook (Volume, Million square feet; Revenue, USD Million, 2014 - 2025)
- Concrete
- Stone
- Clay
- Crushed Stone
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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