Global Natural Stone and Marble Market Analysis by Type, Application, Construction Type, Region and segments forecast till 2033
The global natural stone and marble market was valued at USD 48,800 million in 2022 and is poised to expand at a CAGR of 4.0% over 2023-2033, thereby amassing USD 69,460 million by end of the stipulated timeline.
Market Size in 2022
USD 48,800 Million
Market Forecast in 2033
USD 69,460 Million
CAGR % 2023-2033
Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Type, Application, Construction Type
North America, Europe, APAC, South America and Middle East and Africa
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Temmer Marble (Turkey), Hellenic Granite Company (Greece), California Crafted Marble, Inc. (US), Fox Marble Holdings plc (UK), Topalidis S.A. (Greece), Polycor Inc. (Canada), Kangli Stone Group (China), Dimpomar - Rochas Portuguesas Lda (Portugal), NAMCO CO. srl (Italy), Asian Granito India Limited (India), Dal-Tile Corporation (US), Hilltop Granites (India), Levantina y Asociados de Minerales, S.A. (Spain), First Marble & Granite (Qatar), Santucci Group (Italy), DELTA Marble, Mining, Construction Import and Export Inc. (Turkey), and Classic Marble Company (India)
Natural stone is predominantly referred to as the wide array of products quarried from the earth. These products are then used as decorative enhancements and building materials. The commonly found natural stones are marble, granite, slate, sandstone, travertine, onyx, and adoquin, among others. Marble is predominantly a kind of metamorphic natural rock which is chemically comprised of recrystallized carbonate minerals like dolomite. It is generally used for its beauty in sculpture and architecture and is also utilized in the pharmaceutical industry owing to its efficient chemical properties.
The wide array of beneficial properties possessed by marble including hardness, strength, along with variations in colour, texture, and pattering is increasing its adoption for aesthetic application in construction activities. Furthermore, increasing infrastructural developments across the globe, rise in construction activities, and surging disposable income level of the masses are positively swaying the industry dynamics. Alongside, widespread urbanization and population expansion worldwide are adding momentum to the progression of this business sphere.
Also, growing public inclination towards attractive outdoor designs pertaining to residential entities is creating lucrative opportunities for the marketplace to prosper. Besides, growth in renovation activities and escalating demand for natural stone in memorial applications are stimulating the overall industry dynamics. On the contrary, availability of affordable substitutes and rigid environmental regulations pertaining to the sourcing and utilization of natural building materials are hindering the remuneration scope of this market vertical.
There is a widespread availability of marble quarries in nations such as Spain, Turkey, Italy, and U.S. The presence of huge and high quality marble quarries is currently meeting the escalating demand for marble from industrial, residential, and pharmaceutical applications. This in turn is augmenting the outlook of this industry sphere. With a rapid surge in the per capita income of the masses, there has been an increase in the residential renovation and construction activities across the globe. Moreover, growing efforts of the consumers in enhancing the aesthetic appeal of their homes is further elevating the demand for marble across architecture, sculpture, and construction applications.
The granite segment is slated to generate significant share over 30% owing to its affordability and beneficial properties such as stain resistance, aesthetic appeal, and health resistance. There has been a construction boom in many parts of the world, including the United States, Europe, and Asia, which has led to an increase in demand for building materials such as granite natural stone. Granite is a popular material for use in construction due to its durability, resistance to wear and tear, and attractive appearance.
The memorial arts segment is expected to amass notable returns over the estimated timeline. This is credited to the surge in the construction of monuments and memorial structure across the globe. Natural stone is highly valued for its unique beauty and durability, which make it a popular choice for creating memorials that will stand the test of time. The use of natural stone in memorials adds a touch of elegance and sophistication to the final product.
Construction Type Insights
The new construction segment is likely to lead the overall market in terms of revenue share with 60% due to increasing accommodation needs of the masses and rise in disposable income levels. As populations continue to grow, more people are moving into urban areas, creating a demand for new housing, commercial buildings, and infrastructure. In many countries, interest rates have remained low, making it easier for individuals and companies to finance construction projects. Many governments have increased spending on infrastructure projects, such as highways, airports, and public transportation systems, which has boosted the construction sector.
North America, Middle East & Africa, Europe, Asia Pacific, and Latin America are the major regions defining the geographical terrain of this business vertical. Among these, North America is projected to showcase lucrative expansion trends. This is attributable to the significant increase in construction expenditure, widespread urbanization, and availability of marble quarries.
The prominent players operating in the market sphere are Temmer Marble (Turkey), Hellenic Granite Company (Greece), California Crafted Marble, Inc. (US), Fox Marble Holdings plc (UK), Topalidis S.A. (Greece), Polycor Inc. (Canada), Kangli Stone Group (China), Dimpomar - Rochas Portuguesas Lda (Portugal), NAMCO CO. srl (Italy), Asian Granito India Limited (India), Dal-Tile Corporation (US), Hilltop Granites (India), Levantina y Asociados de Minerales, S.A. (Spain), First Marble & Granite (Qatar), Santucci Group (Italy), DELTA Marble, Mining, Construction Import and Export Inc. (Turkey), and Classic Marble Company (India).
· In October 2019, Polycor Inc., a leading North American natural stone producer, announced the acquisition of Elliott Stone Company, Inc., a family-owned and operated company that specializes in limestone products. The acquisition was part of Polycor's strategy to diversify its portfolio of masonry and hardscape products and expand its presence in the US market.
Global Natural Stone and Marble Market- Segmental Analysis
• Memorial Arts
• Wall Cladding
By Construction Type:
• New Construction
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Natural Stone and Marble Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Natural Stone and Marble Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Card Type/Card Type
• Company Share Analysis by Product/Specification
1. Global Natural Stone And Marble Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Natural Stone And Marble Market Definition & Description
1.3. Global Natural Stone And Marble Market Scope and Market Estimation
1.3.1. Global Natural Stone And Marble Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)
1.3.2. Global Natural Stone And Marble Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market Segmentation
1.4.1. Type of Global Natural Stone And Marble Market
1.4.2. Application of Global Natural Stone And Marble Market
1.4.3. Construction Type of Global Natural Stone And Marble Market
1.4.4. Region of Global Natural Stone And Marble Market
2. Executive Summary
2.1. Global Natural Stone And Marble Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak on Global Natural Stone And Marble Market Industry Development
2.2. Market Dynamics
2.2.4. Impact Analysis of Drivers and Restraints
2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. PEST Analysis
2.8. Russia-Ukraine War Impacts Analysis
2.9. Economic Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Natural Stone And Marble Market Estimates & Historical Trend Analysis (2020 - 2022)
4. Global Natural Stone And Marble Market Estimates & Forecast Trend Analysis, By Type
4.1. Global Natural Stone And Marble Market Revenue (US$ Mn) Estimates and Forecasts, By Type, 2023 to 2033
5. Global Natural Stone And Marble Market Estimates & Forecast Trend Analysis, By Application
5.1. Global Natural Stone And Marble Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033
5.1.2. Memorial Arts
5.1.3. Wall Cladding
6. Global Natural Stone And Marble Market Estimates & Forecast Trend Analysis, By Construction Type
6.1. Global Natural Stone And Marble Market Revenue (US$ Mn) Estimates and Forecasts, By Construction Type, 2023 to 2033
6.1.1. New Construction
7. Global Natural Stone And Marble Market Estimates & Forecast Trend Analysis, By Region
7.1. Global Natural Stone And Marble Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033
7.1.1. North America
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8. North America Natural Stone And Marble Market: Estimates & Forecast Trend Analysis
8.1. North America Natural Stone And Marble Market Assessments & Key Findings
8.1.1. North America Natural Stone And Marble Market Introduction
8.1.2. North America Natural Stone And Marble Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
22.214.171.124. By Type
126.96.36.199. By Application
188.8.131.52. By Construction Type
184.108.40.206. By Country
220.127.116.11.1. The U.S.
9. Europe Natural Stone And Marble Market: Estimates & Forecast Trend Analysis
9.1. Europe Natural Stone And Marble Market Assessments & Key Findings
9.1.1. Europe Natural Stone And Marble Market Introduction
9.1.2. Europe Natural Stone And Marble Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
18.104.22.168. By Type
22.214.171.124. By Application
126.96.36.199. By Construction Type
188.8.131.52. By Country
184.108.40.206.7. Rest of Europe
10. Asia Pacific Natural Stone And Marble Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments & Key Findings
10.1.1. Asia Pacific Natural Stone And Marble Market Introduction
10.1.2. Asia Pacific Natural Stone And Marble Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
10.1.2.1. By Type
10.1.2.2. By Application
10.1.2.3. By Construction Type
10.1.2.4. By Country
10.1.2.4.5. South Korea
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Natural Stone And Marble Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market Assessments & Key Findings
11.1.1. Middle East & Africa Natural Stone And Marble Market Introduction
11.1.2. Middle East & Africa Natural Stone And Marble Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
220.127.116.11. By Type
18.104.22.168. By Application
22.214.171.124. By Construction Type
126.96.36.199. By Country
188.8.131.52.2. Saudi Arabia
184.108.40.206.4. South Africa
220.127.116.11.5. Rest of Middle East & Africa
12. South America Natural Stone And Marble Market: Estimates & Forecast Trend Analysis
12.1. South America Market Assessments & Key Findings
12.1.1. South America Natural Stone And Marble Market Introduction
12.1.2. South America Natural Stone And Marble Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
18.104.22.168. By Type
22.214.171.124. By Application
126.96.36.199. By Construction Type
188.8.131.52. By Country
184.108.40.206.4. Rest of South America
13. Competition Landscape
13.1. Global Natural Stone And Marble Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global Natural Stone And Marble Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. Temmer Marble (Turkey)
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent Developments
* Similar details would be provided for all the players mentioned below
14.2. Hellenic Granite Company (Greece)
14.3. California Crafted Marble
14.4. Fox Marble Holdings plc (UK)
14.5. Topalidis S.A. (Greece)
14.6. Polycor Inc. (Canada)
14.7. Kangli Stone Group (China)
14.8. Dimpomar - Rochas Portuguesas Lda (Portugal)
14.9. NAMCO CO. srl (Italy)
14.10. Asian Granito India Limited (India)
14.11. Dal-Tile Corporation (US)
14.12. Hilltop Granites (India)
14.13. Levantina y Asociados de Minerales
14.14. S.A. (Spain)
14.15. First Marble & Granite (Qatar)
14.16. Santucci Group (Italy)
14.17. DELTA Marble
14.19. Construction Import and Export Inc. (Turkey)
14.20. Classic Marble Company (India).
15. Research Methodology
15.1. External Transportations / Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.7. Report FAQs
16. Research Findings & Conclusion
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