According to Fortune Business Insights™, The global natural stone and marble market is projected to reach USD 62.58 billion by 2027, exhibiting a CAGR of 7.57% during the forecast period. Rapid growth in construction activities in developing nations is expected to speed up the expansion of this market, a study by Oxford Economics and Global Construction Perspectives, the volume of construction output worldwide is set to surge by 85% over the next decade, reaching a value of USD 15.5 trillion toward the end of 2030.
This exponential rise will be led by booming growth in the construction industries of India and China, the study notes, underpinned by strong economic development in these two countries. With an improving standard of living, the demand for these stones and marbles is also likely to rise steadily in India and China, as consumers look to augment their properties with premium
Information source: https://www.fortunebusinessinsights.com/natural-stone-and-marble-market-104040
Competitive Landscape
Expansion of Distribution Operations by Key Players to Intensify Competitive Spirits
In a bid to expand their regional operations, key players in this market are strategically entering areas with attractive prospects. These players are also heavily investing in new technologies to enhance their products and widen their portfolio to attract new customers and generate sales opportunities.
List of Key Companies Profiled in the Natural Stone and Marble Market Report:
- CUPA Group (Spain)
- Southland Stone USA, Inc. (USA)
- Polycor Inc. (Canada)
- MARGRAF (Italy)
- Dermitzakis Bros S.A. (Greece)
- Dimpomar (Portugal)
- Xishi Stone Group (China)
- Temmer Marble(Turkey)
- RANAMAR (Turkey)
- Levantina y Asociados de Minerales, S.A.(Spain)
- Antolini Luigi & C. S.p.A.(Italy)
- Aro Granite Industries Ltd. (India)
