Natural Stone and Marble Market Overview:
The Natural Stone and Marble Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Natural Stone and Marble Market, as well as the causes for variances in the industry’s growth in different regions.
The Natural Stone and Marble Market size was valued at US$ 53.83 Bn. in 2021 and the total revenue is expected to grow at 4% through 2022 to 2029, reaching nearly US$ 73.67 Bn.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
By Type, the Natural Stone and Marble Market is segmented as Granite, Limestone, Marble, Sandstone, Slate, Others. Granite and Limestone dominate the Natural Stone and Marble Market with the market share of 31.67% and 30.33% respectively in the year of 2021. Granite is a largely available natural stone at a cheap cost with many features like heat, stain and slip resistance and is aesthetically appealing and is used for kitchen countertops, exterior wall claddings. Thus, have a huge demand and leads the market. Limestone is the natural stone mainly used for road bases, rail ballast, foundation stone, etc. so have a high demand in the market. Marble has the market share of 15% in 2021 as it is one of the most popular choices for interior designs and is used in ballistic designs, marble countertops, etc. Sandstone has the market share of 10% in 2021 followed by Slate with the market share of 8% in 2021 as slate is commonly used for kitchen and bathroom floors. Other types include natural stones such as soapstone, travertine, and onyx with good applications in construction industry and have the market share of 5% in 2021.
By Application, the Natural Stone and Marble Market is segmented as Building Construction, Monumental, Others. Building construction dominates the market with the market share of 68% in 2021 as most of the natural stone is used in houses, high-rise buildings, shopping and corporate complexes, etc. With the market share of 22% in 2021, monumental stands at 2nd place in the market as monuments are increasing and they don’t use tiles for monuments, only natural stone and marble. Other applications include furniture, coffee tables, benches, etc. and have the market share of 10% in 2021 as these applications were made mostly from wood or metal but natural stone is new for these applications.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Natural Stone and Marble Market are as follows:
• Aro Granite Industries Ltd. (India)
• Dimpomar (Portugal)
• Antolini Luigi and C. S.p.A. (Italy)
• Dermitzakis Bros S.A. (Greece)
• Levantina y Asociados de Minerales, S.A. (Spain)
• MARGRAF (Italy)
• RANAMAR (Turkey)
• Polycor Inc. (Canada)
• Temmer Marble (Turkey)
• Southland Stone USA, Inc. (U.S.)
• Xishi Stone Group (China)
• CUPA Group (Spain)
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Natural Stone and Marble Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Natural Stone and Marble Market:
End-user industries where Natural Stone and Marble Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Natural Stone and Marble Market manufacturers, influencing the development of the Natural Stone and Marble Market in 2020. End-user business demand for Natural Stone and Marble Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Natural Stone and Marble Market Report are:
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In 2021, which segment held the highest proportion of the Natural Stone and Marble Market?
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What is the Natural Stone and Marble Market’s competitive landscape?
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What are the primary drivers assisting the Natural Stone and Marble Market growth?
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Which region has the most market share in the Natural Stone and Marble Market?
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What will be the Natural Stone and Marble Market’s CAGR throughout the projected period?
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