Stones Market Projected to Reach $17.78 Billion by 2028, Growing at 6.8% CAGR, States TBRC Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Stones Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.78 billion In 2028 At A CAGR Of 6.8%:

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.

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Stones Market Major Segments
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

Key Driver - Increasing Construction Activities Propel Growth In The Stones Market
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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Prominent Trend - Increasing Focus On Introducing Electrically Driven Wheeled Crushers To Gain A Competitive Edge

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.

Stones Market Players
Major companies operating in the stones market report are Berkshire Hathaway Inc., Christian Dior SE, Rajesh Exports Limited, Kering SA, Compagnie Financière Richemont SA, Temmer Marble, Tiffany & Co., Guanghui Group Co. Ltd., Quartzforms, Swatch Group Ltd., Pandora A/S, Cosentino S.A., Caesarstone Ltd., James Avery Craftsman Inc., Brenton S.p.A., Etgran Group, Polycor Inc., MARGRAF SpA, Xishi Group, Aurangzeb Marble Industry, Jinbo Construction Group Co. Ltd., ARO Granite Industries Ltd., Dimpomar - Granitos de Portugal S.A., Dermitzakis Bros S.A., Levantina Asociados de Minerales S.A., Mumal Marble Company, Johnson Marble & Quartz, Technistone a.s., Stone Italiana S.p.A., VICOSTONE

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the stones market in 2023. Western Europe was the second largest region in the stones market. The regions covered in the stones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Stones Market Report Structure
3. Stones Market Trends And Strategies
4. Stones Market - Macro Economic Scenario
5. Stones Market Size And Growth
…..
27. Stones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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