Sources: Freedonia Group, Cleveland; CP staff
Demand for pavers, segmental retaining wall units, boulders and companion hardscape products is set to climb 5.6 percent annually through 2021, buoyed by growth in home building and popularity of outdoor living features. Over a five-year horizon in Freedonia’s new “Landscaping Products Market in the US, 5th Edition” study, pavers look to attain an annual growth rate just under 6 percent, reaching $1.4 billion in sales by 2021. Total hardscape category product shipments that year are projected at $3.5 billion.
Along with residential applications, “Landscaping Products” examines commercial market prospects for conventional and permeable concrete pavers, plus outdoor lighting, planting and decorative product sales activity. The 182-page study can be ordered from Freedonia Group, 440/684-9600, www.freedoniagroup.com.