Global Dimension Stones Market Size 2024, Forecast To 2033

The dimension stones market size has grown strongly in recent years. It will grow from $8.6 billion in 2023 to $9.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increase in demand for natural stones, strong economic growth in emerging markets, increase in production capacities and low-interest rate environment. The dimension stones market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increase in demand for natural stones, strong economic growth in emerging markets, increase in production capacities and low-interest rate environment. Major trends in the forecast period include employing precision surface excavation machines to carry out smoother operations in environmentally regulated areas, investment in robotics to improve mining productivity and prevent mining accidents, invest in cognitive computing to improve the efficiency of mining operations, investing in renewable energy capacities to reduce carbon emissions from mining zones, and ultimately drive down their energy costs, and usage of 3d mine visualizers to identify difficult terrains and enhance productivity.