by Corinne Gangloff
October 22, 2021
Rising interest in outdoor living will remain a key driver of residential brick, block, and paver sales through 2025, a new Freedonia Group analysis finds.
The popularity of outdoor living will continue to spur a variety of home renovation projects going forward, many of which will involve use of bricks, blocks, and pavers. This impact will be strongest in 2021 as homeowners take on projects – including walkways, backyard gardens, patios, fencing installation, and entertainment areas – they did not complete in 2020.
US residential demand for bricks, blocks, and pavers is expected to increase 1.9% annually through 2025, with most gains stemming from price increases. Unit growth will be restrained by:
Additionally, demand was elevated in 2020, when the market was strong due to housing trends stemming from the COVID-19 pandemic. While unit sales of bricks, blocks, and pavers will remain high into 2022, they will begin to slow from their peak by 2025, dragging down average growth.
Residential Bricks, Blocks, & Pavers examines the US residential market for bricks, blocks, and pavers industry by product, application, market sector, housing type, and region. Historical data are provided for 2010, 2015, and 2020, with forecasts for the years 2025 and 2030 in current US dollars (including inflation) and units.
Provide the following details to subscribe.