Newark, Oct. 28, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global cobblestone market is expected to grow from USD 7.4 billion in 2022 to USD 10.8 billion by 2030, at a CAGR of 4.9% during the forecast period 2022-2030.
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Cobblestone, a natural building material of stones with a cobble-like shape, can be used to pave roads, streets, and buildings. Setts, sometimes called Belgian blocks, are frequently confused with "cobbles," however they differ from cobblestone in that they are shaped in a quarry or through molding. Cobblestone, in contrast, is less uniform in size and often has a naturally occurring shape. Cobblestones were typically replaced by quarried granite setts, also known as Belgian block, during the nineteenth century. Cobblestone is widely used in architecture. The Finger Lakes region of New York State has many small, rounded cobblestones suitable for paving. Cobblestones were extensively employed in the area's pre-Civil War architecture for walls. Less than 600 remaining cobblestone buildings, which are private homes, are now regarded as historic landmarks. 90% of the cobblestone buildings in America can be found within a 75-mile radius around Rochester, New York. There are numerous cobblestone-built structures in the Ontario town of Paris. Along with residences, other structures made of cobblestones include stagecoach taverns, businesses, barns, smokehouses, churches, factories, schools, and gravestones.
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Competitive Landscape:
To enhance their market position in the global cobblestone market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
● In March 2021, The Texas-based company Elite Stone and Creative Stone Inc., which specializes in the design and installation of stone veneer, recently announced that it had acquired their assets. The acquisition enhances the company's standing as a premier national manufacturer and distributor of stone veneer and is both regional and strategic.
Market growth and trends:
Cobblestone's strength, resilience, and ability to increase the lifespan of roads and pavements fuel the market's expansion. Due to its widespread use in tourist destinations for walkways, roads, and other constructions, the cobblestone market is experiencing revenue growth driven by the tourism industry. However, when cobblestone-based constructions age, they become unstable and uneven, which can make walking challenging, driving risky, and even traveling perilous. Since cobblestone structures are created using an adhesive, it is challenging for water to percolate into the soil, which leads to a flawed drainage system and a buildup of water on the road. Future sustainability is impossible with this. These factors are predicted to prevent the market from growing in revenue. Investment in more innovative cobblestone environmentally friendly varieties, including permeable paving, opens up a wide range of market expansion opportunities.
Key Findings
● In 2022, natural cobblestone accounted for the largest share of the market, with 33% and market revenue of 2.4 billion.
The type segment is divided into mechanical pebble, natural cobblestone, river stone, and others. In 2022, natural cobblestone accounted for the largest share of the market, with 33% and market revenue of 2.4 billion. Natural cobblestones provide excellent lining and edging for gardens, patios, sidewalks, and footpaths. Furthermore, it is frequently used in constructing low-retaining structures and chimney projects, which propel the segment's growth.
● In 2022, the new construction segment accounted for the largest share of the market, with 62.8% and a revenue of 4.6 billion.
The construction segment is divided into renovation and new construction. In 2022, the new construction segment accounted for the largest share of the market, with 62.8% and a revenue of 4.6 billion. The growth of the new construction segment has been driven by the rising demand for cobblestones as flooring in commercial buildings such as huge complexes, malls, and others.
● In 2022, the roading segment accounted for the largest market share, with 42.8% and a market revenue of 3.1 billion.
The application segment is divided into architecture, roading, and others. In 2022, the roading segment accounted for the largest market share, with 42.8% and a market revenue of 3.1 billion. Cobblestones are used in paving the roads as it allows the rainwater to drain quickly, which propels the segment's growth.
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Regional Segment Analysis of the Cobblestone Market:
● North America (U.S., Canada, Mexico)
● Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, Rest of APAC)
● South America (Brazil and the Rest of South America)
● The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, Asia Pacific emerged as the largest market for the global cobblestone market, with a market share of around 34.8% and 2.5 billion of the market revenue in 2022. The emerging countries of Asia Pacific, especially China and India, are expected to have high product demand, which would likely lead to market expansion opportunities. The region's rising per capita income, rapid urbanization, and expanding population are all expected to boost the building industry.
Key players operating in the global cobblestone market are:
● Ajmera Marbles Industries
● Maharaja Stones
● Paving International
● Akrolithos
● Agarsen Granite & Stones
● Elegant Natural Stones Pvt. Ltd
● Aaren Stones & Granites Pvt. Ltd
● Leeca Ltd
● Dakota Granites
● Dal-Tile
● Environmental StoneWorks
● Granite Setts UK Ltd
● U.S. Stone Works Inc
● Vangura surfacing products
● Style Earth
● Precision Countertops, Inc
● Cosentino
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global cobblestone market based on the below-mentioned segments:
Global Cobblestone Market by Type:
● Mechanical Pebble
● Natural Cobblestone
● Riverstone
● Others
Global Cobblestone Market by Construction:
● Renovation
● New Construction
Global Cobblestone Market by Application:
● Architecture
● Roading
● Others
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About the report:
The global cobblestone market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
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