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Report
Natural Stone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
Market Overview:
The global natural stone market size reached US$ 37.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Natural stones refer to earth-mined or organic items used as decorative objects and construction materials. Marble, limestone, granite, slate, quartzite, sandstone, laterite and basalt are some of the commonly used natural stones. They are hand-selected pieces of stones that took millions of years to be formed by the combination of heat and pressure. Natural stones are widely used in flooring, wall cladding, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs and swimming pools. They exhibit various properties, such as density, strength, color intensity, appearance, hardness, color blend, texture and structure. Natural stones are durable, environmental-friendly, easy to maintain, and cost-effective and are available in various textures, shapes, colors and sizes. As a result, they are widely used in the construction of residential, commercial, hospital and educational buildings.
Natural Stone Market Trends:
Significant growth in the construction industry across the globe is creating a positive outlook for the market. Natural stones, such as granite and marble, are widely used for flooring in porches, backyards, pavements, and patios to improve the aesthetic appeal. In line with this, the rising engineering, procurement and construction (EPC) projects in the infrastructure sector are favoring the market growth. Natural stones are commonly used in river walls, dams, bridge piers, tiles, slabs and pavements. Moreover, various product innovations, such as the development of natural stones with modern designs imprinted on them, are providing an impetus to the market growth. These stones can be acid-washed and sandblasted and are widely adopted due to the changing consumer preferences. Additionally, the increasing trend for home renovation and remodeling is positively impacting the market growth since natural stones help in modifying and enhancing aesthetics in residential and commercial complexes. Apart from this, rising expenditure capacities of consumers and the implementation of various government initiatives to promote infrastructural development are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global natural stone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, construction type, distribution channel and application.
Breakup by Type:
Granite
Marble
Limestone
Others
Breakup by Construction Type:
New Construction
Renovation
Breakup by Distribution Channel:
Online
Offline
Breakup by Application:
Flooring
Memorial Arts
Wall Cladding
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ARO Granite Industries Ltd., Dermitzakis Bros S.A, Dimpomar, Levantina y Asociados de Minerales S.A., Margraf SPA, Mumal Marbles Pvt. Ltd., Polycor Inc., Ranamar Marble, Temmer Marble, Topalidis S.A. and Xishi Group Ltd.
Key Questions Answered in This Report:
What was the size of the global natural stone market in 2022?
What is the expected growth rate of the global natural stone market during 2023-2028?
What has been the impact of COVID-19 on the global natural stone market?
What are the key factors driving the global natural stone market?
What is the breakup of the global natural stone market based on the type?
What is the breakup of the global natural stone market based on the application?
What are the key regions in the global natural stone market?
Who are the key players/companies in the global natural stone market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Natural Stone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Granite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Marble
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Limestone
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Construction Type
7.1 New Construction
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Renovation
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Flooring
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Memorial Arts
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Wall Cladding
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ARO Granite Industries Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Dermitzakis Bros S.A
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Dimpomar
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Levantina y Asociados de Minerales S.A.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Margraf SPA
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Mumal Marbles Pvt. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Polycor Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Ranamar Marble
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Temmer Marble
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Topalidis S.A.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Xishi Group Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
Figure 1: Global: Natural Stone Market: Major Drivers and Challenges
Figure 2: Global: Natural Stone Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Natural Stone Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Natural Stone Market: Breakup by Type (in %), 2022
Figure 5: Global: Natural Stone Market: Breakup by Construction Type (in %), 2022
Figure 6: Global: Natural Stone Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Natural Stone Market: Breakup by Application (in %), 2022
Figure 8: Global: Natural Stone Market: Breakup by Region (in %), 2022
Figure 9: Global: Natural Stone (Granite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Natural Stone (Granite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Natural Stone (Marble) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Natural Stone (Marble) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Natural Stone (Limestone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Natural Stone (Limestone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Natural Stone (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Natural Stone (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Natural Stone (New Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Natural Stone (New Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Natural Stone (Renovation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Natural Stone (Renovation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Natural Stone (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Natural Stone (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Natural Stone (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Natural Stone (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Natural Stone (Flooring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Natural Stone (Flooring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Natural Stone (Memorial Arts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Natural Stone (Memorial Arts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Natural Stone (Wall Cladding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Natural Stone (Wall Cladding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Natural Stone (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Natural Stone (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Natural Stone Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Natural Stone Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Natural Stone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Natural Stone Industry: SWOT Analysis
Figure 83: Global: Natural Stone Industry: Value Chain Analysis
Figure 84: Global: Natural Stone Industry: Porter's Five Forces Analysis
Table 1: Global: Natural Stone Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Natural Stone Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Natural Stone Market Forecast: Breakup by Construction Type (in Million US$), 2023-2028
Table 4: Global: Natural Stone Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Natural Stone Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Natural Stone Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Natural Stone Market: Competitive Structure
Table 8: Global: Natural Stone Market: Key Players
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