Increasing Construction Activities Propel Growth In The Stones Market Emerges as a Core Driver of the Stones Market in 2025

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What Is the Expected CAGR for the Stones Market Through 2025?
Over the past few years, the size of the stones market has seen robust growth. It is projected to expand from $10.41 billion in 2024 to $10.99 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.6%. Surge during the historical phase was driven by factors such as the burgeoning construction industry, urbanization, enhanced infrastructure development, landscaping projects, and historical restoration.

What's the Projected Size of the Global Stones Market by 2029?
The size of the stones market is anticipated to witness significant growth in the upcoming years, projected to expand to $14.2 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. This growth during the forecast period can be associated with the initiatives in smart cities, energy-saving practices in quarrying, growing popularity of prefabricated construction, cultural and religious projects, and circular economy activities. Notable trends expected in the forecasting period are the digital transformation of the stone industry, sustainable quarrying and processing methods, advancements in stone finishes, intelligent stone applications, and the emergence of online stone marketplaces.

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Top Growth Drivers in the Stones Industry: What's Accelerating the Market?
The surge in construction activities is likely to fuel the expansion of the stones market. Construction endeavours encompass all procedures associated with the inception to the culmination of buildings, infrastructure, industrial facilities, and corresponding activities. Stones play a central role in construction as primary materials for foundations, walls, and pavements, rendering structural robustness and longevity due to their inherent strength and capacity to withstand weather conditions. For illustration, the Office for National Statistics, a statistical organisation based in the UK, reported in February 2024 that the total annual construction output witnessed a rise of 2.0% in 2023 relative to 2022, marking the third consecutive year of increase. Consequently, the escalating construction activities are spurring the growth of the stones market.

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Which Fast-Growing Trends Are Poised to Disrupt the Stones Market?
Leading firms in the stone market are prioritizing the creation of innovative items like electrically powered wheeled crushers to strengthen their position in the industry. Electrically operated wheeled stone crushers are machines designed to shatter rocks and stones using electrical power, intended primarily for construction and mining endeavors. For example, in March 2022, Sandvik AB, a Swedish engineering firm, rolled out a new range of wheeled mobile crushing and screening devices in North America. These products run entirely on electricity, offering a eco-friendly solution for rock processing. With its electricity-driven operation, Sandvik's wheeled crushers promise reduced operational expenses per ton, diminished CO2 emissions, and contribute to a more sustainable future.

What Are the Main Segments in the Stones Market?
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

Subsegments:
1) By Dimension Stones: Granite; Marble; Limestone; Sandstone; Slate
2) By Crushed Stones: Crushed Granite; Crushed Limestone; Crushed Basalt; Crushed Gravel; Recycled Crushed Stone

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Which Top Companies are Driving Growth in the Stones Market?
Major companies operating in the stones market include Martin Marietta Materials, Vulcan Materials Company, LafargeHolcim Ltd., CEMEX S.A.B. de C.V., CRH plc, HeidelbergCement AG, Rogers Group Inc., Luck Stone Corporation, Carmeuse Group S.A., Granite Construction Inc., Sibelco, Quarries Direct International LLC, Polycor Inc., Levantina y Asociados de Minerales S.A., Eurovia, Omya AG, Boral Limited, Stone World Canada, Arizona Tile, Benchmark Building Supplies Ltd., Swenson Granite Works, Bedrock Natural Stone, Stone Source LLC, Stone Center of Indiana, Indiana Limestone Company, Tarmac Building Products, Braen Stone, Kafka Granite LLC, Salado Quarry, United States Lime & Minerals Inc.

Which Regions Will Dominate the Stones Market Through 2029?
Asia-Pacific was the largest region in the stones market in 2024. 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.

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