The Stones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/stones-global-market-report
According to The Business Research Company’s Stones Global Market Report 2024, The stones market size has grown strongly in recent years. It will grow from $12.72 billion in 2023 to $13.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased construction industry, urbanization, increased infrastructure development, landscaping projects, historical restoration.
The stones market size is expected to see strong growth in the next few years. It will grow to $17.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to smart cities initiatives, energy efficiency in quarrying, rise of prefabricated construction, cultural and religious projects, circular economy practices. Major trends in the forecast period include digital transformation in stone industry, sustainable quarrying and processing, innovations in stone finishes, smart stone applications, online stone marketplaces.
Increasing construction activities are expected to propel the growth of the stones market going forward. Construction activities refer to the processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their lives. Stones in construction serve as primary building materials for foundations, walls, and pavements, providing structural integrity and durability due to their natural strength and resistance to weathering. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, increasing construction activities are driving the growth of the stones market.
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The stones market covered in this report is segmented –
1) By Type: Dimension Stones, Crushed Stones
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Service Provider Type: Independent Contractors, Companies
Top Major Players:
Berkshire Hathaway Inc.
Christian Dior SE
Rajesh Exports Limited
Kering SA
Compagnie Financière Richemont SA
Asia-Pacific was the largest region in the stones market in 2023.
Major companies operating in the stones market are focused on developing innovative products, such as electrically driven wheeled crushers to gain a competitive edge in the market. Electrically driven wheeled stone crusher is a machines used to crush rocks and stones, powered by electricity, for various construction and mining purposes. For instance, in March 2022, Sandvik AB, a Sweden-based engineering company, launched a new wheeled mobile crushing and screening range in North America. This offering is all electrically driven, providing a sustainable rock processing solution. The Sandvik wheeled range is electrically driven, providing a sustainable rock processing solution. Powered by electricity, Sandvik wheeled crushers offer a low operational cost per ton, reduce CO2 emissions, and help create a sustainable future.
The stones market report table of contents includes:
1. Executive Summary
2. Stones Market Characteristics
3. Stones Product/Service Analysis -Product/Service Examples
4. Stones Market Trends And Strategies
5. Stones Market – Macro Economic Scenario
…
68. Global Stones Market Competitive Benchmarking
69. Global Stones Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Stones Market
71. Stones Market Future Outlook and Potential Analysis
72. Appendix
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