Natural Stone and Marble Market the size was estimated at $53.83 billion. in 2021 and total revenue is expected to grow by 4% from 2022 to 2029, reaching nearly $73.67 billion.
Natural stone and marble market overview:
“Global Natural Stone and Marble Market ” is an in-depth look at the Natural Stone and Marble Market, with a focus on global market trends and analysis. This study aims to provide an industry overview of the Natural Stone and Marble Market as well as detailed segmentation of the market by segment and geography. The Natural Stone and Marble market is expected to expand rapidly during the forecast period. The research contains critical information on the market positions of the leading Natural Stone and Marble Market firms, as well as important industry trends and opportunities.
Market scope:
To validate the market size and estimate the market size by various segments, top-down and bottom-up methodologies are used. Market research estimates are based on selling price (excluding any discounts offered by the manufacturer, distributor, wholesaler or dealers). Weights applied to each section based on usage rate and average selling price are used to determine percentage splits, market shares, and segment splits. The percentage of adoption or use of the offered market Size in the relevant region or nation is used to determine country-wise breakdowns of the overall market and its sub-segments.
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Natural stone and marble market segmentation:
The categories of granite, limestone, marble, sandstone, slate and others make up the Natural Stone and Marble Market. With market shares of 31.67% and 30.33% respectively, granite and limestone are the market leaders in natural stone and marble in 2021. Granite is a widely used natural stone with reasonable price, it has various qualities such as heat, stain and slip resistance, and is aesthetically pleasing. It is used for external coating of walls and kitchen counters. As a result, there is a huge demand for their products. Due to its wide use as foundation stone, railway ballast and road base, limestone is a natural stone that is in high demand.
The Natural Stone and Marble Market is divided into three categories, including Monumental, Other and Building Construction. With a market share of 68% in 2021, the building construction industry will rule the market as most of the natural stone is used in homes, high-rise structures, commercial and industrial complexes, etc. Due to the increase in the construction of monuments and the use of only natural stone and marble for monuments, monumental occupies the second place in the market with a market share of 22% in 2021. While furniture, coffee tables, benches and other items often were made of wood or metal before natural stone was introduced, these applications had a 10% market share in 2021.
Key Players of Natural Stone and Marble Market:
Primary and secondary research is used to discover industry titans, while primary and secondary research is used to estimate market revenue. The primary research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs and marketing specialists. Secondary research includes an examination of annual and financial reports of well-known manufacturers. Secondary data is used to calculate percentage shares, market shares, growth rates and global market shares, which are then cross-checked with primary data. Below are some companies working in Natural Stone and Marble Market industry.
- • Aro Granite Industries Ltd. (India)
• Dimpomar (Portugal)
• Antolini Luigi and CSpA (Italy)
• Dermitzakis Bros SA (Greece)
• Levantina y Asociados de Minerales, SA (Spain)
• MARGRAF (Italy)
• RANAMAR (Turkey)
• Polycor Inc. (Canada)
• Mermer Tamer (Turkey)
• Southland Stone USA, Inc. (USA)
• Xishi Stone Group (China)
• CUPA Group (Spain)
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Regional analysis:
Natural Stone and Marble Market research focuses on geographical analysis, which is further divided into sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines the weight and growth rate of each region and country throughout the forecast period.
The report provides a complete PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, Middle East, Africa and South America, after considering the political, economic, social and technical issues affecting the stone market natural and marble in different sectors.
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Analysis of the impact of COVID-19 on the natural stone and marble market:
Customer behavior has changed as a result of the COVID-19 virus in all areas of society. Businesses, on the other hand, will have to revise their strategy to take into account the changing market supply. This report provides an overview of the impact of COVID-19 on the natural stone and marble market and will help you develop your business in line with the new industry norms.
Under the Impact of COVID-19 section, the Natural Stone and Marble Market Report provides a 360-degree research, ranging from agile supply chain and trade restrictions to regional government policies and future firm impact. Primary market research (2021-2027), business rivalry cases, major corporate channel benefits and drawbacks and industry growth trends (2021-2027) are all provided.
The key questions answered in the Natural Stone and Marble Market Report are:
- How big is the market for the Natural Stone and Marble Market?
- Which regional market will emerge as the market leader in the coming years?
- Which application category is expected to develop the fastest?
- What growth opportunities may exist in the Natural Stone and Marble Market industry in the coming years?
- What are the most important future challenges that the Natural Stone and Marble Market may face?
- Who are the market leaders in the Natural Stone and Marble Market category?
- What are the main trends that are influencing the growth of the market?
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