Cobblestone Global Market Report 2024

The cobblestone market has grown steadily in recent years. It will grow from $7.54 billion in 2023 to $7.81 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth experienced during the historical period can be attributed to several factors, including the heightened prevalence of liver diseases, advancements in patient management strategies, government initiatives and funding, awareness and education programs, and an increase in risk factors associated with liver diseases.

The cobblestone market is expected to see strong growth in the next few years. It will grow to $9.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period is driven by factors such as the rising aging population, advancements in precision medicine, increased global healthcare expenditure, a heightened focus on early intervention, and regulatory support for orphan drugs. Key trends expected in the forecast period encompass personalized medicine approaches, a shift towards patient-centric care, the integration of biomarkers, adoption of telemedicine and remote monitoring, and innovation in renal replacement therapies, along with the exploration of combination therapies.

Anticipated growth in the cobblestone market is linked to the increasing demand within the construction industry. The construction sector, encompassing activities related to the construction, repair, renovation, and maintenance of infrastructures, is expected to witness heightened demand. Cobblestones play a crucial role in various construction applications, including the creation of durable pavements, walkways, driveways, garden paths, and decorative walls, providing both aesthetic appeal and functional benefits. Notably, in February 2022, a report by ConstructConnect revealed a 6.5% growth in construction starts to $91.8 billion in 2021, with significant increases in both residential (19.7%) and non-residential (22.5%) sectors. This surge in construction demand is a key driver for the growth of the cobblestone market.

The cobblestone market is poised for growth due to the expanding consumer foodservice industry. This sector involves businesses engaged in preparing and serving food and beverages in various settings, such as restaurants, cafes, fast-food outlets, and catering services. Cobblestones find applications in outdoor seating areas, enhancing visual appeal and creating a welcoming ambiance, thereby elevating the overall dining experience. As of September 2023, the Australian consumer foodservice industry, according to the USDA Foreign Agricultural Service, was valued at A$56 (US$40) billion in 2022. The growth in the consumer foodservice industry contributes significantly to the expansion of the cobblestone market.

A prominent trend gaining traction in the cobblestone market is the adoption of technology advancements. Companies within the market are actively embracing new technologies to fortify their market positions. In September 2022, Franz Carl Nüdling GmbH, a German-based manufacturer specializing in stones and concrete, collaborated with Betolar PLC, a Finland-based materials technology company. Together, they introduced the Geoprime solution, an innovative manufacturing technology designed to produce sustainable and low-carbon concrete from concrete paving blocks. By leveraging this revolutionary technology, the carbon footprint of an 8-cm-stone-height concrete block paver was significantly reduced from around 20 kilograms of CO2 per square meter to less than 5 kg, marking a remarkable 75% reduction.

Major players in the cobblestone market are concentrating on developing innovative products, specifically advanced low-carbon paving stones, to foster sustainable urban infrastructure and minimize environmental impact. These eco-friendly construction materials aim to reduce carbon emissions during both production and usage, aligning with the goal of sustainable infrastructure development. For example, in September 2022, Franz Carl Nüdling GmbH introduced a new line of low-carbon paving stones using Betolar’s geoprime solution in Germany. The goal is to cut CO2 emissions from concrete paving blocks and products by up to 80%. Traditionally emitting around 20 kg of CO2 per square meter, these innovative paving stones, employing Geoprime solutions and FCN’s pioneering manufacturing technology, achieved an impressive 75% reduction, lowering emissions to less than 5 kg per square meter.

In June 2022, Clayton Dubilier & Rice, LLC, a US-based private equity firm, successfully acquired Cornerstone Building Brands, Inc. The acquisition, executed for an undisclosed amount, reflects Clayton Dubilier & Rice, LLC's strategic intent to accelerate the expansion of the building material provider. The focus is on leveraging Cornerstone Building Brands, Inc.'s proven track record of delivering superior products to enhance customer satisfaction. This strategic move is geared towards producing high-quality goods and fostering accelerated business growth within the building material sector. Cornerstone Building Brands, Inc. is a US-based manufacturer specializing in building material products.

Major companies operating in the cobblestone market report are Dakota Granite Co., DAL-Tile Group Inc., Sunrise Quartzite Private Limited, Veneer Stone Works, Environmental StoneWorks, Cobblestone Development Group, Grupo Cosentino S.L., Vangura Surfacing Products, Maharaja Stones, Akrolithos S.A, Agarsen Granite And Stones, Elegant Natural Stones Private Limited, CEMEX S.A.B. de C.V., Boral Limited, Hanson Natural Stone Company Limited, 3A Composites, Créa Stone, Jim Stone, Ajmera Marbles Industries, Granite Setts UK Ltd., Paving International, Real Goods Co., Southland Stone Inc., Leeca Ltd., Polycor Inc., Xishi Stone Group, US Stoneworks Inc., Style Earth Precast Concrete Pvt. Ltd., Cobblestone Pvt. Ltd., Austin Paving.

Asia-Pacific was the largest region in the cobblestone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global cobblestone market during the forecast period. The regions covered in the cobblestone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cobblestone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of cobblestones include mechanical pebbles, natural cobblestones, riverstones, and others. Mechanical pebbles, small and spherical stones shaped by water movement, serve to improve water retention, ensure proper drainage, and contribute to the adaptability and low maintenance of constructed structures. Cobblestones find application in various construction projects such as new constructions and renovations, spanning architecture, road construction, cycling infrastructure, and gallery development.

The cobblestone market research report provides cobblestone market statistics, including cobblestone industry global market size, regional shares, competitors with a cobblestone market share, detailed cobblestone market segments, market trends and opportunities, and any further data you may need to thrive in the cobblestone industry. This cobblestone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cobblestone market consists of sales of ice-laid cobblestone, bluestone cobbles, blend cobblestone, and sedimentary cobbles. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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