Market Overview:
The global stone mining and quarrying market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market was valued at US$ 97.8 Bn in 2017 and is projected to reach US$ 146.2 Bn by 2030. The growth of the global stone mining and quarrying market can be attributed to the increasing demand for dimension stones for architectural purposes, rising urbanization, and growing construction industry worldwide.
Product Definition:
Stone Mining and Quarrying is the process of extracting stone from a quarry. Stone has been used for centuries for both construction and decorative purposes.
Dimension Stone Mining:
Dimension stone mining is the extraction of very large stones, typically weighing more than 100 tons. The process involves the use of heavy equipment and a substantial workforce. It is generally carried out in open-pit mines although there are also examples of this technique being used in tunnels and cavities.
Crushed Stone Mining:
Crushed stone mining and its usage in the stone quarrying market is a process to extract crushed stones from the ground. The extraction of these stones is done by using heavy equipment such as excavators, road headers, and others.
Application Insights:
The application segment includes architecture, others and mining. The other applications include crushing plants for secondary raw materials (crushed stones, sand & gravel) and construction industry. In 2017, the architecture segment dominated the overall market with a revenue share of over 60%.
Architecture is one of the highest valued applications as it has become an integral part of human life. Different types of architectural designs such as Greco-Roman, Gothic, Renaissance are created using different types of stones with unique properties that can be utilized in construction activities. Moreover, rising demand for customized designed buildings along with growing preference towards stone based interior decoration is expected to drive growth over the forecast period 1 [8].
Mining application was estimated at USD 3 billion in 2017 owing to increasing demand from various sectors such as infrastructure development & maintenance (dams/canals), road building & repair works (highways), water conservation projects etcetera 2 [9].
Regional Analysis:
Asia Pacific dominated the global stone mining and quarrying market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for construction materials, especially in emerging economies such as China and India. Factors such as rising population, rapid urbanization along with infrastructure development are driving the need for construction materials including crushed stone, dimension stones, which will drive industry growth over the next eight years.
North America accounted for a major share of revenue in 2017 owing to high demand from residential sector on account of growing population coupled with government initiatives pertaining to sustainable buildings. For instance; according to data published by U.
Growth Factors:
- Increasing demand for construction materials owing to rising population and urbanization.
- Growing infrastructure development in emerging economies of Asia Pacific and Latin America.
- Rising investments in mining sector by public and private players globally.
- Technological advancements in quarrying equipment that improve operational efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stone Mining and Quarrying Market Research Report
By Type
Dimension Stone Mining, Crushed Stone Mining
By Application
Architecture, Mining, Others
By Companies
Vulcan Materials, Martin Marietta Aggregates, Cemex, Carmeuse Lime & Stone, Adelaide Brighton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Stone Mining and Quarrying Market Report Segments:
The global Stone Mining and Quarrying market is segmented on the basis of:
Types
Dimension Stone Mining, Crushed Stone Mining
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vulcan Materials
- Martin Marietta Aggregates
- Cemex
- Carmeuse Lime & Stone
- Adelaide Brighton
Highlights of The Stone Mining and Quarrying Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dimension Stone Mining
- Crushed Stone Mining
- By Application:
- Architecture
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stone Mining and Quarrying Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stone mining and quarrying is the extraction of stone from the earth. Stone can be extracted from an underground mine, or it can be extracted from an open pit.
Some of the major companies in the stone mining and quarrying market are Vulcan Materials, Martin Marietta Aggregates, Cemex, Carmeuse Lime & Stone, Adelaide Brighton.
The stone mining and quarrying market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stone Mining and Quarrying Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stone Mining and Quarrying Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stone Mining and Quarrying Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stone Mining and Quarrying Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stone Mining and Quarrying Market Size & Forecast, 2020-2028
4.5.1 Stone Mining and Quarrying Market Size and Y-o-Y Growth
4.5.2 Stone Mining and Quarrying Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dimension Stone Mining
5.2.2 Crushed Stone Mining
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Architecture
6.2.2 Mining
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stone Mining and Quarrying Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stone Mining and Quarrying Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dimension Stone Mining
9.6.2 Crushed Stone Mining
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Architecture
9.10.2 Mining
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dimension Stone Mining
10.6.2 Crushed Stone Mining
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Architecture
10.10.2 Mining
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dimension Stone Mining
11.6.2 Crushed Stone Mining
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Architecture
11.10.2 Mining
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dimension Stone Mining
12.6.2 Crushed Stone Mining
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Architecture
12.10.2 Mining
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dimension Stone Mining
13.6.2 Crushed Stone Mining
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Architecture
13.10.2 Mining
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stone Mining and Quarrying Market: Competitive Dashboard
14.2 Global Stone Mining and Quarrying Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vulcan Materials
14.3.2 Martin Marietta Aggregates
14.3.3 Cemex
14.3.4 Carmeuse Lime & Stone
14.3.5 Adelaide Brighton
