Stone Mining and Quarrying Trends and Forecast
The future of the global stone mining and quarrying market looks promising with opportunities in the dimension stone mining and crushed stone mining markets. The global stone mining and quarrying market is expected to grow with a CAGR of 2.5% from 2024 to 2030. The major drivers for this market are growing investments in infrastructure development and rapid urbanization.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Stone Mining and Quarrying by Segment
The study includes a forecast for the global stone mining and quarrying by stone, type, and region.
Stone Mining and Quarrying Market by Stone [Shipment Analysis by Value from 2018 to 2030]:
• Marble
• Granite
• Limestone
• Sandstone
• Others
Stone Mining and Quarrying Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Dimension Stone Mining
• Crushed Stone Mining
Stone Mining and Quarrying Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Stone Mining and Quarrying 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 stone mining and quarrying companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stone mining and quarrying companies profiled in this report include-
• Vulcan Materials Company
• Florida Rock Industries
• Martin Marietta
• CRH Americas
• Lehigh Hanson
• Adbri
• Carmeuse
• Cemex
• Tarmac
• Oldcastle
Stone Mining and Quarrying Market Insights
Lucintel forecasts that marble is expected to witness the highest growth over the forecast period.
Within this market, crushed stone mining is expected to witness higher growth.
APAC will remain the largest region over the forecast period.
Features of the Global Stone Mining and Quarrying Market
Market Size Estimates: Stone mining and quarrying market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Stone mining and quarrying market size by stone, type, and region in terms of value ($B).
Regional Analysis: Stone mining and quarrying market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different stone, types, and regions for the stone mining and quarrying market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the stone mining and quarrying market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for stone mining and quarrying market?
Answer: The global stone mining and quarrying market is expected to grow with a CAGR of 2.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the stone mining and quarrying market?
Answer: The major drivers for this market are growing investments in infrastructure development and rapid urbanization.
Q3. What are the major segments for stone mining and quarrying market?
Answer: The future of the stone mining and quarrying market looks promising with opportunities in the dimension stone mining and crushed stone mining markets.
Q4. Who are the key stone mining and quarrying market companies?
Answer: Some of the key stone mining and quarrying companies are as follows:
• Vulcan Materials Company
• Florida Rock Industries
• Martin Marietta
• CRH Americas
• Lehigh Hanson
• Adbri
• Carmeuse
• Cemex
• Tarmac
• Oldcastle
Q5. Which stone mining and quarrying market segment will be the largest in future?
Answer: Lucintel forecasts that marble is expected to witness the highest growth over the forecast period.
Q6. In stone mining and quarrying market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q7. 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 stone mining and quarrying market by stone (marble, granite, limestone, sandstone, and others), type (dimension stone mining and crushed stone mining), 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 Stone Mining and Quarrying Market, Stone Mining and Quarrying Market Size, Stone Mining and Quarrying Market Growth, Stone Mining and Quarrying Market Analysis, Stone Mining and Quarrying Market Report, Stone Mining and Quarrying Market Share, Stone Mining and Quarrying Market Trends, Stone Mining and Quarrying Market Forecast, Stone Mining and Quarrying Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.