The construction stone industry plays a crucial role in providing the raw materials necessary for building infrastructure and developments worldwide. Understanding the statistics related to this industry can provide valuable insights into trends, consumption patterns, and market dynamics. In this blog post, we will dive into the key statistics that shape the construction stone industry and explore the implications for stakeholders in this vital sector.
The Latest Construction Stone Industry Statistics Explained
In 2020, the global stone mining and quarrying market is expected to decline from $9.3 billion in 2019 to $8.8 billion.
The statistic indicates that the global stone mining and quarrying market is predicted to contract in 2020 compared to the previous year, with estimated revenues dropping from $9.3 billion in 2019 to $8.8 billion. This decline suggests a decrease in the demand and production of stones used for construction, infrastructure, and other industries. Factors such as economic slowdowns, reduced construction activities, and disruptions due to events like the COVID-19 pandemic may have contributed to this downturn in the market. The data highlights the importance of monitoring and analyzing trends in the stone mining and quarrying industry to understand the underlying factors driving changes in market performance.
The stone crushing equipment market is projected to grow at a CAGR of over 8% from 2020 to 2026.
This statistic indicates that the stone crushing equipment market is expected to experience a Compound Annual Growth Rate (CAGR) of over 8% between the years 2020 and 2026. A CAGR of over 8% suggests a steady and significant increase in market size and demand for stone crushing equipment over the forecast period. This growth trajectory is likely driven by factors such as increasing construction activities, infrastructure development projects, and industrialization across various regions. The projection of this CAGR provides insights into the positive outlook and potential opportunities within the stone crushing equipment market for industry players and investors to capitalize on over the specified time frame.
The global construction stone market size was valued at $35.6 billion in 2018.
The statistic ‘The global construction stone market size was valued at $35.6 billion in 2018’ indicates the total value of the market for construction stones worldwide during the year 2018. This metric reflects the combined revenue generated from the buying and selling of different types of construction stones such as granite, marble, limestone, and other natural or artificial stones used in construction projects. The market size figure serves as a key indicator of the scale and economic importance of the construction stone industry on a global scale, highlighting the substantial financial value associated with the extraction, production, distribution, and use of these materials in various building and infrastructure projects around the world.
The construction stone market is projected to reach $48.8 billion by 2026, growing at a CAGR of 5.6% from 2019.
This statistic suggests that the construction stone market is expected to experience significant growth over the forecast period, with a projected market size of $48.8 billion by 2026. The Compound Annual Growth Rate (CAGR) of 5.6% indicates a consistent and steady increase in market value starting from 2019. This growth rate implies that the demand for construction stone is increasing at a stable pace over the years, likely due to factors such as infrastructure development, urbanization, and construction projects globally. The forecasted market size and growth rate provide valuable insights for industry stakeholders, helping them make informed decisions regarding investments, market strategies, and business operations within the construction stone sector.
North America dominated the construction stone Market in 2019.
The statistic “North America dominated the construction stone market in 2019” indicates that North America had a significant market share and influence in the construction stone industry during that year. This suggests that North America had the largest portion of sales, production, and consumption of construction stone compared to other regions around the world. Factors contributing to this dominance could include a strong economy, increased construction activity, availability of resources, advanced technology, or favorable government policies within North America that supported the growth of the construction stone market.
Asia-Pacific is projected to grow at the highest CAGR of 6.2% in the construction stone market.
The statistic indicates that the Asia-Pacific region is expected to experience the highest Compound Annual Growth Rate (CAGR) of 6.2% in the construction stone market over a specified period of time. This suggests that the demand for construction stone is likely to increase at a faster pace in the Asia-Pacific region compared to other regions around the world. Various factors such as rapid urbanization, infrastructure development, and increasing construction activities in countries within the Asia-Pacific region are driving this growth. The high CAGR implies potential opportunities for businesses operating in the construction stone market to target this region for expansion and investment, as it is expected to lead in growth and demand for construction stone products.
The Granite segment originated the highest revenue in the construction stone market in 2018.
The statistic indicates that in 2018, the Granite segment generated the highest amount of revenue within the construction stone market. This suggests that among all the different segments within the construction stone industry, such as marble, sandstone, limestone, and others, it was granite that performed the best in terms of capturing market demand and generating sales. This could be attributed to various factors, such as the durability, aesthetic appeal, and versatility of granite as a construction material, as well as the specific market trends and demands prevalent during that time. This statistic highlights the significance of granite as a leading revenue driver in the construction stone market for that particular year.
The residential end user segment is estimated to grow at a CAGR of 6% in construction stone industry.
The statement indicates that the residential end user segment within the construction stone industry is projected to experience a Compound Annual Growth Rate (CAGR) of 6%. This means that over the specified period, typically several years, the demand for construction stone from residential consumers is expected to increase by an average of 6% annually. The growth rate suggests a positive trend in the residential construction sector, potentially driven by factors such as population growth, urbanization, or economic development leading to increased demand for construction materials like stone. This forecast provides valuable insight for industry stakeholders, helping them make informed decisions regarding production levels, marketing strategies, and overall business planning.
France alone produced 60 million tons of sand and gravel in 2017.
The statistic “France alone produced 60 million tons of sand and gravel in 2017” indicates the significant scale of sand and gravel production within the country during that particular year. This statistic highlights the substantial amount of natural resources extracted for various construction and industrial purposes. The volume of 60 million tons serves as a central indicator of the importance of the mining and extraction industry in France, implying a high demand for these materials. Additionally, the statistic underscores the economic significance of the sand and gravel sector within the country’s overall industrial landscape.
U.S. crushed stone production amounted to around 1.5 billion tons in 2020.
The statistic that U.S. crushed stone production amounted to around 1.5 billion tons in 2020 indicates the significant scale of the crushed stone industry within the United States during that year. Crushed stone is a key raw material used in construction and infrastructure projects, including roads, buildings, and drainage systems. The large quantity of production suggests a high demand for crushed stone within the country, likely driven by ongoing construction activities and infrastructure development. This statistic serves as a valuable indicator of the country’s economic activity and growth within the construction sector in 2020.
Limestone production volume in the U.S. amounted to about 325 million metric tons in 2020.
The statistic indicates that the total amount of limestone produced in the United States in 2020 was approximately 325 million metric tons. This measurement serves as an important indicator of the output and scale of the limestone mining and quarrying industry in the country during that year. Limestone is a valuable natural resource used in various applications such as construction, agriculture, and manufacturing, making its production volume a significant economic factor. Monitoring and analyzing limestone production figures can provide insights into trends in the industry, resource availability, market demand, and overall economic activity related to the utilization of limestone within the United States.
The crushed stone production volume in the UK was about 95 million metric tons in 2019.
The statistic that the crushed stone production volume in the UK was about 95 million metric tons in 2019 indicates the total amount of crushed stone material extracted from quarries or mines within the UK during that year. This volume measurement is significant in the construction and infrastructure industries, as crushed stone is a key component in various building materials like concrete, asphalt, and road base. The high production volume suggests a strong demand for construction materials in the UK, reflecting ongoing infrastructure projects, road maintenance, and housing developments. Monitoring and analyzing trends in crushed stone production can provide valuable insights into the overall health and activity levels of the construction sector within the country.
The natural stone market is projected to reach $48.06 billion by 2026.
This statistic informs us that the natural stone market, which includes products such as granite and marble, is forecasted to grow and attain a market value of $48.06 billion by the year 2026. This projection indicates a positive trend in consumer demand for natural stone products, potentially driven by factors such as increasing construction activities globally, growing preference for eco-friendly and sustainable building materials, and rising disposable incomes in various regions. The anticipated market growth suggests opportunities for businesses operating in the natural stone industry to capitalize on this expansion by developing innovative products, expanding market reach, and strategically positioning themselves to cater to the evolving needs of customers.
Europe is expected to grow at a CAGR of 3.8% between 2019 and 2026 in the natural stone market.
This statistic indicates that the natural stone market in Europe is projected to experience a Compound Annual Growth Rate (CAGR) of 3.8% between the years 2019 and 2026. This growth rate suggests a steady and consistent increase in the market size and demand for natural stone products over the specified timeframe. The CAGR of 3.8% serves as a useful metric for forecasting the potential expansion of the natural stone market in Europe and can be used by industry analysts, investors, and stakeholders to assess and plan for future opportunities and developments within the sector.
Building Covering is anticipated to grow at the fastest pace of 5.5% CAGR for natural stone applications.
The statistic indicates that the growth rate of Building Covering for natural stone applications is expected to be 5.5% annually, which represents the Compound Annual Growth Rate (CAGR). This suggests that the demand for natural stone in the construction industry for building covering purposes is projected to increase at a rapid pace over the forecast period. The anticipated growth rate of 5.5% CAGR signifies a strong market trend towards incorporating natural stone materials in building covering projects, indicating a preference for their aesthetic, durability, and eco-friendly properties. This data is important for stakeholders in the natural stone industry to understand market dynamics and make informed decisions regarding production, supply chain management, and marketing strategies to capitalize on the growth opportunities in building covering applications.
The limestone market is projected to grow at a CAGR of 6.7% by 2025.
This statistic indicates that the limestone market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.7% by the year 2025. This means that the market for limestone, a commonly used mineral in various industries such as construction, agriculture, and manufacturing, is forecasted to increase steadily at an average annual rate of 6.7% over the next few years. This growth rate suggests a positive outlook for the limestone market, with increasing demand likely driving expansion in production, sales, and consumption of limestone-related products and services.
The global marble market size was valued at $52 billion in 2019.
The statistic indicates that the total value of the global marble market was estimated to be $52 billion in the year 2019. This figure represents the economic worth of all marble products traded and consumed worldwide during that specific year. Factors contributing to such a substantial market size may include the widespread use of marble in construction, interior design, and art industries across various countries. The statistic serves as a key indicator of the economic significance of the marble industry on a global scale, highlighting its importance in terms of revenue generation, employment opportunities, and overall contribution to the global economy.
The marble demand for construction is expected to grow at a CAGR of 2.7% from 2020 to 2027.
This statistic indicates that the demand for marble in the construction industry is projected to increase at a compound annual growth rate (CAGR) of 2.7% over the period spanning from 2020 to 2027. This growth rate suggests a steady and consistent rise in the demand for marble, likely driven by factors such as increasing construction activity, infrastructure development, and architectural trends favoring the use of marble in building projects. A CAGR of 2.7% implies a relatively moderate but sustained growth trajectory over the specified timeframe, highlighting the anticipated expansion of the market for marble within the construction sector.
The natural stone market size in the U.S. was valued at $3.48 billion in 2018.
The statistic indicating that the natural stone market size in the U.S. was valued at $3.48 billion in 2018 represents the total monetary value of natural stone products sold within the United States during that year. This figure serves as a key indicator of the economic significance and demand for natural stone within the U.S. The market size value reflects the combined sales of various natural stone products such as granite, marble, limestone, and travertine, among others, and encompasses sales to both residential and commercial customers. Analyzing trends in the natural stone market size can provide valuable insights into consumer preferences, construction activities, and overall economic health within the sector.
The U.S. natural stone market is projected to exhibit a CAGR of more than 3.5% from 2019 to 2025.
The statistic stating that the U.S. natural stone market is projected to exhibit a Compound Annual Growth Rate (CAGR) of more than 3.5% from 2019 to 2025 suggests that the market for natural stone products is expected to grow steadily over the specified period. A CAGR of 3.5% indicates a consistent rate of growth year-over-year during the forecast period, highlighting the potential expansion and increasing demand for natural stone in various applications such as construction, landscaping, and interior design. This projection implies that there is a positive outlook for the natural stone market in the U.S., driven by factors such as increasing construction activities, aesthetic preferences for natural materials, and a growing focus on sustainable building practices.
References
0. – https://www.www.globenewswire.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.statista.com
4. – https://www.www.prnewswire.com
5. – https://www.www.marketstudyreport.com
