Stones Global Market To Reach Value Of About $11 Billion In 2025
11 Mar, 2021
The stones market consists of sales of stone by entities (organizations, sole traders and partnerships) that mine and quarry dimension stone such as rough blocks or slabs of stone and crushed and broken stone. It also comprises stone beneficiating activities such as crushing, grinding, washing, screening, pulverizing, and sizing. The stones market is segmented into dimension stones and crushed stones.
Global Stones Market Size And Drivers:
The global stones market is expected to grow from $8.06 billion in 2020 to $8.89 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The market is expected to reach $11.15 billion in 2025 at a CAGR of 6%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Stones Market
Precision Surface Excavation Machines are becoming more popular because they help to reduce noise and pollution in sensitive areas. Precision surface excavation machines are versatile units that utilize a slicing drum to mechanically unearth materials and have advantages over the customary drilling and blasting strategies. Surface excavation machines are low in noise, dust and vibration and can cut more precisely and produce a smaller, more consistent particle size thus eliminating the need of a primary crusher. This is particularly important in mines in environmentally sensitive areas where noise and dirt pollution need to be minimized due to environmental regulation and pressure.
Global Stones Market Segments:
The global stones market is further segmented based on type, organization size and geography.
By Type: Dimension Stones, Crushed Stones.
By Organization Size: Large Enterprises, Small And Medium Enterprises.
By Geography: The global stones market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global stones market, accounting for 58% of the total market.
Read More On The Report For The Global Stones Market At:https://www.thebusinessresearchcompany.com/report/stones-global-market-report
Stones Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides stones market overviews, analyzes and forecasts market size and growth for the global stones market, stones market share, stones market players, stones market segments and geographies, stones market’s leading competitors’ revenues, profiles and market shares. The stones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.