Bullish hardscape product growth forecast bears on solid ground

CC061719 Planks2

Sources: Freedonia Group, Cleveland; CP staff

In a new report, market researcher Freedonia Group projects hardscape unit demand increasing 5.4 percent annually through 2023, driven especially by consumer interest in higher value offerings like concrete plank pavers that resemble wood, along with permeable interlocking concrete, natural stone or porcelain pavers.

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Infrastructure study findings bode well for precast methods

Sources: Freedonia Group, Cleveland; CP staff

Demand for precast concrete in infrastructure contracts is projected to increase 4.4 percent annually, to $2.4 billion by 2022, with growth fueled by the need to repair the nation’s aging network of bridges, highways, roads and railroad tracks; increased adoption of the method over traditional cast-in-place alternatives; and, efforts by the federal government to increase surface transportation investment. 

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