Press release
Stones Market 2024 : Prospective Growth Trends & Incremental Opportunity Assessment till 2033
Stones Market Size
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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