Marble Trends and Forecast
The future of the global marble market looks promising with opportunities in the building & construction, statue & monument, and furniture markets. The global marble market is expected to reach an estimated $36.8 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing demand for luxury interiors and architectural applications, growth of the construction industry, and technological advancements in quarrying and processing techniques enhancing efficiency and expanding the availability of marble varieties.
• Lucintel forecasts that tiles or slabs will remain the larger segment over the forecast period.
• Within this market, building & construction will remain the largest segment.
• Europe is expected to witness highest growth over the forecast period.
Italy - Italian marble companies, like Carrara Marble, focus on sustainable quarrying practices to minimize environmental impact. The government supports the marble industry through incentives for modernization and export promotion, aiming to maintain ItalyÄX%$%Xs position as a global leader in marble production and trade.
Turkey - Turkish marble producers, including Tureks Marble, invest in R&D to enhance product quality and introduce new marble varieties. Government targets include increasing marble exports and promoting international partnerships to expand market reach and boost economic growth.
India - Indian marble manufacturers, like RK Marbles, aim to streamline production processes and improve supply chain efficiency to meet growing domestic and international demand. Government initiatives focus on promoting the use of domestically sourced marble and supporting small-scale marble businesses to stimulate rural development.
China - Chinese marble companies, such as Wanlong Stone, adopt advanced technology for quarrying and processing to enhance productivity and product quality. Government targets include modernizing the marble industry, promoting innovation, and expanding export markets to strengthen ChinaÄX%$%Xs position in the global marble trade.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Marble by Segment
The study includes a forecast for the global marble by product, application, and region.
Marble Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Tiles Or Slabs
• Blocks
• Others
Marble Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Statues & Monuments
• Furniture
• Others
Marble Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Marble Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marble companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marble companies profiled in this report include-
• Antolini Luigi & C SpA
• BC Marble Products
• Levantina y Asociados de Minerales, S.A.
• Fox Marble
• Kangli stone
• Best Cheer Stone
• Kingstone Mining Holdings
• China Kingstone Mining Holdings
• Daltile
• HELLENIC GRANITE
Recent Development in the Marble Market
Carrara Marble: Carrara Marble announces the implementation of sustainable quarrying practices, focusing on minimizing environmental impact through water recycling and land rehabilitation initiatives, aligning with global sustainability goals.
Tureks Marble: Tureks Marble invests in research and development to enhance product quality and introduces new marble varieties, targeting diverse customer preferences and expanding market reach in the global marble industry.
RK Marbles: RK Marbles streamlines production processes and improves supply chain efficiency to meet growing domestic and international demand for marble, ensuring timely delivery and customer satisfaction in the global market.
Wanlong Stone: Wanlong Stone adopts advanced technology for quarrying and processing to improve productivity and product quality, enhancing competitiveness in the global marble market and meeting evolving customer needs for high-quality marble products.
Features of the Global Marble Market
Market Size Estimates: Marble market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Marble market size by product, application, and region in terms of value ($B).
Regional Analysis: Marble market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the marble market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the marble market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the marble market size?
Answer: The global marble market is expected to reach an estimated $36.8 billion by 2030.
Q2. What is the growth forecast for marble market?
Answer: The global marble market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the marble market?
Answer: The major drivers for this market are increasing demand for luxury interiors and architectural applications, growth of the construction industry, and technological advancements in quarrying and processing techniques enhancing efficiency and expanding the availability of marble varieties.
Q4. What are the major segments for marble market?
Answer: The future of the global marble market looks promising with opportunities in the building & construction, statue & monument, and furniture markets.
Q5. Who are the key marble market companies?
Answer: Some of the key marble companies are as follows:
• Antolini Luigi & C SpA
• BC Marble Products
• Levantina y Asociados de Minerales, S.A.
• Fox Marble
• Kangli stone
• Best Cheer Stone
• Kingstone Mining Holdings
• China Kingstone Mining Holdings
• Daltile
• HELLENIC GRANITE
Q6. Which marble market segment will be the largest in future?
Answer: Lucintel forecasts that tiles or slabs will remain the larger segment over the forecast period.
Q7. In marble market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the marble market by product (tiles or slabs, blocks, and others), application (building & construction, statues & monuments, furniture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Marble Market, Marble Market Size, Marble Market Growth, Marble Market Analysis, Marble Market Report, Marble Market Share, Marble Market Trends, Marble Market Forecast, Marble Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.