Gravel Paver Market: Introduction
Gravel is a loose segment of rock fragments. Gravel is segregated by particle size range and includes size classes from granule- to boulder-sized fragments. Gravel is an important commercial product. Globally, majority of the roads are surfaced with gravel than with concrete or asphalt. Paver base is a form of aggregate used in the construction of patios and walkways whose topmost layer consists of mortarless pavers. The first layer in the construction of such a surface is called the subgrade, then base course, next is paver base, and lastly pavers are laid on top of this. A uniform, fine-grained sand is poured between them. Pavers can be used to make roads, driveways, patios, walkways, and other outdoor platforms.
Key Drivers of the Gravel Paver Market
Interconnected paver systems offer concentrated rutting and exceptional resistance to loading stresses which further influences its application in daily traffic for parking, access lanes, shoulders, and walkways. This in turn is expected to boost the demand for gravel pavers over the forecast period. Furthermore, these pavers are durable, strong, flexible, and can be maintained at a minor expense. These factors are further likely to influence the growth of the gravel paver market.
Advancements such as GI or LID creating opportunities in the gravel paver market
Pavers are ideal for green infrastructure (GI) or low impact development (LID) design for storing and managing storm water onsite and for application of raw materials. Gravel pavers are easy on the budget since it is considered the most affordable surface material available, is easy to maintain, and can be quickly installed. Various gravel pavers are available in pre-assembled rolls and also include a connect locking system which further reduces the installation time. These factors create opportunities for the gravel paver market.
Natural disasters such as flood or excessive rain restraints the gravel paver market
Drains in most areas are not designed to cope with excessive rainfall and flooding. Paving front gardens further increases this problem. Hard surfaces such as concrete and asphalt collect pollution (oil, petrol, brake dust etc.) that is washed off into the drains. Many drains carry rainwater directly to streams or rivers where the pollution damages wildlife. In older areas, the rainwater may enter the foul water sewer which normally takes household waste from bathrooms and kitchens to sewage treatment plants. These overflow into streams and rivers in heavy rainfall. As more water runs into foul sewers from paved areas there are more frequent overflows, passing untreated sewage into watercourses. These factors hamper the growth of the market.
North America the dominant market
The U.S and Canada in North America contribute the maximum to the gravel paver market. Rising construction industries and urban road applications is leading to an increase in demand for gravel pavers for industries and households. These factors are likely to drive the demand for gravel pavers in the U.S and Canada, thus paving the way for new opportunities in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the gravel paver market are:
- Wirtgen Group
- AB Volvo
- SANY Group
Gravel Paver Market: Research Scope
Gravel Paver Market, by Type
- Crushed Stone and Gravel
- Base Gravel
- Query Process
- Jersey Shore Gravel
- Marble Chips
- Others (Pea Gravel, River Rock etc.)
Gravel Paver Market, by Coarseness
- Fine Gravel
- Medium Gravel
- Coarse Gravel
- Recycled Gravel
Gravel Paver Market, by Application
Gravel Paver Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the gravel paver market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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