Natural Stone and Marble Market size was valued at US$ 53.83 Bn. in 2021 and the total revenue is expected to grow at 4% through 2022 to 2029, reaching nearly US$ 73.67 Bn.
Natural Stone and Marble Market Overview:
The "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 seeks to provide an overview of the Natural Stone and Marble Market industry as well as detailed market segmentation by segment and geography. The Natural Stone and Marble Market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Natural Stone and Marble Market firms, as well as significant industry trends and opportunities.
Market Scope :
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation of Natural Stone and Marble Market :
The Granite, Limestone, Marble, Sandstone, Slate, and Others categories 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 that is reasonably priced, has various qualities like heat, stain, and slide resistance, and is aesthetically pleasing. It is used for exterior wall claddings and kitchen counters. As a result, there is a great demand for their products. Due to its widespread use as foundation stone, rail ballast, and road bases, limestone is a natural stone that is in great demand.
The Natural Stone and Marble Market is divided into three categories, including Monumental, Others, and Building Construction. With a market share of 68% in 2021, the building construction industry will rule the market since the majority of natural stone is utilised in homes, high-rise structures, commercial and industrial complexes, etc. Due to the rise in monument construction and the use of only natural stone and marble for monuments, monumental holds the second-place position in the market with a market share of 22% in 2021. As furniture, coffee tables, benches, and other items were often manufactured 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 utilized to assess market revenue. The core 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 comprised an examination of well-known manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Natural Stone and Marble Market industry.
- • Aro Granite Industries Ltd. (India)
• Dimpomar (Portugal)
• Antolini Luigi and C. S.p.A. (Italy)
• Dermitzakis Bros S.A. (Greece)
• Levantina y Asociados de Minerales, S.A. (Spain)
• MARGRAF (Italy)
• RANAMAR (Turkey)
• Polycor Inc. (Canada)
• Temmer Marble (Turkey)
• Southland Stone USA, Inc. (U.S.)
• Xishi Stone Group (China)
• CUPA Group (Spain)
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Regional Analysis :
The Natural Stone and Marble Market research focuses into geographic analysis, which is further separated by 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 each region's and country's share and growth rate throughout the forecasted time period.
The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the Natural Stone and Marble Market in various sectors.
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COVID-19 Impact Analysis on Natural Stone and Marble Market :
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Natural Stone and Marble Market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Natural Stone and Marble Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm's future impact. Primary market research (2021-2027), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2027) have all been provided.
Key Questions Answered in the Natural Stone and Marble Market Report are :
- How big is the market for Natural Stone and Marble Market ?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth could exist in the Natural Stone and Marble Market industry in the next years?
- What are the most significant 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 market growth?
