2018 ICPI Annual Report ICPI 2018 Annual Report 0219_4 - Page 4

2018 Annual Report • 4 Industry Health Report The segmental concrete pavement industry continues to thrive, according to the 2018 ICPI Contractor Business Report and the 2018 ICPI Industry Sales Profile. While sales for pavers and installation projects continued to grow, both reports also pointed to one major obstacle confronting the industry: a severe contractor/installer workforce shortage. Here are some key findings of the reports: For the seventh consecutive year, combined sales of segmental concrete pavement products in the United States and Canada have increased, according to 2018 ICPI Industry Sales Profile. Interlocking concrete paver sales reached 750 million square feet in 2017, an increase of 63% from the low of 472 million square feet in 2010, according to 2018 ICPI Industry Sales Profile. Gross installation sales for concrete paver contractors in the United States and Canada increased by 7.7% during 2017, according to 2018 ICPI Contractor Business Report. Products for residential use represented 77.9% of all sales, while commercial applications comprised 12.5% of sales, according to 2018 ICPI Industry Sales Profile. Public/government and industrial sales were 8.2% and 1.4% respectively. Four of every five contractors A 5.0% median wage/ salary increase occurred reported difficulty in recruiting and hiring quality employees, according to 2018 ICPI Contractor Business Report. in 2017 for contractor employees, while a similar 5.0% median rise is forecasted for 2018, according to 2018 ICPI Contractor Business Report.