The major driving factor of global stone mining & quarrying market are technological enhancements and growing construction sector. Due to technological advancements and innovations, it helps to boost the growth of the global stone mining & quarrying across all over the world.
The major restraining factor high initial capital requirement and several health effects of global stone mining & quarrying market. Stone mining and quarrying industry primarily includes the development of mine sites, mining and quarrying of 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. There are many advantages of stone mining & quarrying such as it will give unemployed people to get at least the simplest job; it enhances residents’ quality of life, supports local businesses and schools, and contributes tax revenue to local governments and positive track record and are designed to minimize disturbance to land, vegetation, water, air, natural habitat and surrounding communities.
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The regional analysis of Global Stone Mining & Quarrying Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific accounted more than 54% share of total generating revenue in 2017.
China was the largest country in the market in 2017, accounting for more than 30% market share. North America region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025, due to increase in growth of the overall economy.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The industry is seeming to be fairly competitive. Some of the leading market players include Vulcan Materials Company, Martin Marietta Aggregates, Cemex S.A.B., Adelaide Brighton, Rogers Group, Carmeuse Lime & Stone, Graphit Kropfmhl, Minerals Technologies, United States Lime & Minerals and so on.
Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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The detailed segments and sub-segment of the market are explained below:
Dimension Stone Mining
Crushed Stone Mining
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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Target Audience of the Global Stone Mining & Quarrying Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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