The global cobblestone market size was US$ 7.6 billion in 2021. The global cobblestone market size is estimated to reach US$ 11.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.
A natural building material called cobblestone is made up of little round stones that are used to pave roads, streets, and structures. These stones are joined together using mortar, a paste. These stones are employed in the construction of cemeteries, churches, schools, industries, smokehouses, stagecoach taverns, businesses, and churches. The use of natural building materials is increasing in popularity as the construction industry becomes more sustainable.
Factors Influencing Market Growth
? The rise in the construction industry such as non-residential and residential buildings is anticipated to drive the overall market.
? Government acquisitions in renovation and new construction are another element to propel the expansion of the overall market.
? The increase in the need for natural stones such as cobblestone from the commercial and residential industry drives the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 had a severe impact on the overall market expansion. It has influenced the development of natural stones like the global market due to the lockdown actions in the nations and delays in manufacturing and supply of natural stones which are used in commercial and residential spaces.
Asia-Pacific recorded the highest revenue in 2021, due to an increase in infrastructure activity in the region. Also, increasing construction activities due to fast industrialization and urbanization are evaluated to drive the need for natural stones for wall cladding, flooring, civil works, memorial arts, and others, which boosts the growth of the market in the region.
The prominent players in the global cobblestone market are:
? Vangura Surfacing Products
? U.S. Stone Works Inc
? Precision Countertops
? Paving International
? Maharaja Stones
? Granite Setts Uk
? Environmental Stoneworks
? Elegant Natural Stones
? Ajmera Marbles Industries
The global cobblestone market segmentation focuses on Type, Construction Type, Application, and Region.
Segmentation on the basis of Type
? Mechanical Pebble
? Natural Cobblestone
Segmentation on the basis of Construction Type
? New Construction
Segmentation on the basis of Application
Segmentation on the basis of Region
? North America
? The U.S.
? Western Europe
? The UK
? Rest of Western Europe
? Eastern Europe
? Rest of Eastern Europe
? Asia Pacific
? Australia & New Zealand
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Rest of South America