The analysts forecast global stone processing machines market to grow at a CAGR of 4.58% during the period 2017-2021. One trend in the market is innovation in stone processing machines.
Technological advances help create better stone processing machines as they are manufactured with more precision, quality, and speed. Various stone processing machine manufacturers are investing in R&D to offer innovative products to various end-users, thereby spurring the demand for stone processing machines globally.
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According to the stone processing machines market report, one driver in the market is growing preference for natural stone. Most residential and commercial building owners have shied away from using synthetic building materials to reduce carbon footprint.
This has led to the growth in demand for natural stones, such as marble and granite, in commercial and residential construction projects.
It is expected that the number of commercial buildings, such as office space, hotels, hospitals, and recreation centers, is likely to grow significantly during the forecast period. Similarly, the rise in new residential construction projects, driven by eco-conscious millennials that prefer natural stones to synthetic stones, is expected to drive the demand for stone processing machines.
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Major key players in the global stone processing machines market: Biesse Group, Breton, DONATONI MACCHINE, SCM Group, Gaspari Menotti, Prussiani Engineering, Thibaut, and Yonani Industries.
Further, the stone processing machines market report states that one challenge in the market is shortage of skilled labor and increasing labor cost. Granite processing or marble processing requires skilled manpower as understanding the patterns and joints present in stones is of crucial importance.
Developing countries, such as India, are witnessing the shortage of skilled labor. As per the Government of India's survey, in 2017, the present skilled workforce constituted only 2% of the overall workforce in the country.
The lack of skilled manpower will eventually lead to increased labor costs, thereby increasing the cost of production in the stone processing sector. In addition, the shortage of skilled labor will result in low manpower productivity.
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Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation By Technology
9: Customer Landscape
10: Market Segmentation By End-User
11: Regional Landscape
12: Decision Framework
13: Drivers and Challenges
14: Market Trends
15: Vendor Landscape
16: Vendor Analysis
Complete report on Stone Processing Machines market spread across 96 pages, analyzing 8 major companies and providing 63 data exhibits now available at www.reportsnreports.com/reports/12…t-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Global Stone Processing Machines Market By Geography 2016-2021
Exhibit 2: Global Stone Processing Machines Market By End-User 2016-2021
Exhibit 3: Related Market
Exhibit 4: Global Stone Processing Machines Market
Exhibit 5: Market Characteristics
Exhibit 6: Market Segments
Exhibit 7: Market Definition - Inclusions and Exclusions Checklist
Exhibit 8: Market Size 2016
Exhibit 9: Validation Techniques Employed For Market Sizing 2016
Exhibit 10: Global Stone Processing Machines Market Market Size and Forecast 2016-2021 ($ Mn)
Exhibit 11: Global Stone Processing Machines Market Year-Over-Year Growth 2017-2021 (%)
Exhibit 12: Five Forces Analysis 2016
Exhibit 13: Five Forces Analysis 2021
Exhibit 14: Bargaining Power of Buyers
Exhibit 15: Bargaining Power of Suppliers
Exhibit 16: Threat of New Entrants
Exhibit 17: Threat of Substitutes
Exhibit 18: Threat of Rivalry
Exhibit 19: Market Condition - Five Forces
Exhibit 20: Customer Landscape