Study #: 4191 | Published: 10/2021 | Pages: 72 | Individual User License: US$ 2,900

US demand for pavers is expected to increase 2.6% per year through 2025 to $1.7 billion, with most gains stemming from price increases:

  • Unit growth will be restrained by competition from clay brick pavers (excluded from the scope of this study) due to their aesthetic appeal and comparable price.
  • Additionally, demand was already at a high base in 2020, when the residential market was relatively strong. While unit sales of pavers will remain elevated into 2022, they will begin to decline from their peak before 2025, dragging down average growth.

Demand for pavers will be supported by strong consumer interest in outdoor living and hardscaping. This will continue to benefit installation of paved patios and walkways, primarily in residences, but also in nonresidential buildings such as offices, buildings, restaurants, and parks.

Pandemic-Driven Boost in Growth to Last Through 2021 as Renovations Remain Elevated

The COVID-19 pandemic had a positive effect on the paver market in 2020, as home renovation spending surged. While DIY activity has remained elevated throughout the pandemic, financial uncertainty, health concerns, and other factors prevented demand for larger scale professional projects to be fulfilled early in the pandemic. As economic conditions improved, demand for these higher value projects soared, but labor shortages, long wait times, and supply chain slowdowns caused some projects to be deferred further. As these restraints continue to become less of a factor, more delayed projects will be completed, boosting demand growth through 2021.

Interest in Outdoor Living & Hardscaping Continues to Bolster Gains

Already a growing trend pre-pandemic, interest in outdoor living and hardscaping increased significantly in 2020 as homeowners sought to improve the functionality of their outdoor spaces in order to provide a safe and aesthetically pleasing area to socialize and entertain. The rising popularity of outdoor living will continue to spur a variety of home renovation projects, many of which will involve the use of pavers. Design trends promoting use of higher value hardscaping products – such as colored/textured concrete pavers and porcelain pavers – will bolster sales.

Pandemic-Related Outdoor Dining & Socialization Trends Boosted Commercial Sales in 2020

Compared to other hardscaping products, the commercial market for pavers grew at a faster rate than the residential market in 2020 due to the importance of patios for outdoor dining and socialization, which surged in popularity during the COVID-19 pandemic, and, in many cases, became a necessity for businesses such as restaurants and bars to operate profitably. As the ongoing rebound in commercial construction activity accelerates in 2022 and 2023, more business owners and property management are expected to install patios to provide customers with space to dine or socialize outdoors, boosting growth in the commercial paver market through 2025.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Demand by Market

Residential

Commercial

Nonbuilding

Applications

Regional Trends

Pricing Trends

Competitive Products

Sustainability Trends

4. Product Types and Materials

Demand by Type

Standard Pavers

Permeable Pavers

Demand by Material

5. Key Suppliers & Industry Composition

Industry Composition

Key Suppliers

Mergers & Acquisitions

6. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Residential Building Construction

Residential Improvement & Repair

Commercial Building Construction

Commercial Improvement & Repair

Nonbuilding Construction

New Housing Units

Housing Stock


List of Tables

2. About This Report

Table 2-1 | Annual Paver Demand by Market, 2019 - 2021 (million dollars)

3. Overview

Table 3-1 | Paver Demand, 2010 - 2020 (million dollars)

Table 3-2 | Paver Demand by Market, 2010 - 2030 (million dollars)

Table 3-3 | Residential Paver Demand by Market Sector, 2010 - 2030 (million dollars)

Table 3-4 | Commercial Paver Demand by Market Sector, 2010 - 2030 (million dollars)

4. Product Types and Materials

Table 4-1 | Paver Demand by Type, 2010 - 2030 (million dollars & million units)

Table 4-2 | Paver Demand by Material, 2010 - 2030 (million dollars & million units)

5. Key Suppliers & Industry Composition

Table 5-1 | Selected Mergers & Acquisitions

6. Appendix

Table 6-1 | Study Scope: US Geographic Regions & Subregions

Table 6-2 | Relevant Industry Codes

Table 6-3 | Relevant HS Codes

Table 6-4 | Macroeconomic Indicators, 2010 - 2030 (billion 2012 dollars)

Table 6-5 | Population & Households, 2010 - 2030 (million persons)

Table 6-6 | Residential Building Construction Expenditures, 2010 - 2030 (billion 2012 dollars & billion dollars)

Table 6-7 | Residential Improvement & Repair Expenditures, 2010 - 2030 (billion 2012 dollars & billion dollars)

Table 6-8 | Commercial Building Construction Expenditures, 2010 - 2030 (billion 2012 dollars & billion dollars)

Table 6-9 | Commercial Building Improvement & Repair Expenditures, 2010 - 2030 (billion 2012 dollars & billion dollars)

Table 6-10 | Nonbuilding Construction Expenditures, 2010 - 2030 (billion 2012 dollars & billion dollars)

Table 6-11 | New Housing Indicators, 2010 - 2030 (thousand units)

Table 6-12 | Housing Stock by Type, 2010 - 2030 (million units)


List of Figures

1. Executive Summary

Figure 1-1 | US Pavers Market

2. About This Report

Figure 2-1 | Pavers: Product Examples

Figure 2-2 | Annual Paver Value Demand Growth, 2018 - 2024 (percent annual change)

3. Overview

Figure 3-1 | Paver Demand, 2000 - 2020 (million dollars)

Figure 3-2 | Paver Demand by Market, 2010 - 2030 (million dollars)

Figure 3-3 | Residential Paver Demand by Market Sector, 2010 - 2030 (million dollars)

Figure 3-4 | Commercial Paver Demand by Market Sector, 2010 - 2030 (million dollars)

Figure 3-5 | Nonbuilding Paver Demand, 2010 - 2030 (million dollars)

Figure 3-6 | Paver Demand in Hardscaping Applications, 2010 - 2030 (million dollars)

Figure 3-7 | Concrete Paver Pricing, 2010 - 2030 (dollars per unit)

Figure 3-8 | Comparative Growth: Pavers & Competitive Products, 2020 - 2025 (% CAGR)

4. Product Types and Materials

Figure 4-1 | Paver Demand by Type, 2010 - 2030 (million dollars)

Figure 4-2 | Standard Paver Demand, 2000 - 2025 (million dollars)

Figure 4-3 | Permeable Paver Demand, 2000 - 2025 (million dollars)

Figure 4-4 | Paver Demand by Material, 2010 - 2030 (million dollars)

6. Appendix

Figure 6-1 | Housing Stock: Share by Year of Construction, 2020 (million units)


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