Granite, Marble and Stone market worldwide is projected to grow by 6.8 Trillion Metric Tons, driven by a compounded growth of 4.8%. Granite, Marble and Stone, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 24.1 Trillion Metric Tons by the year 2025, Granite, Marble and Stone will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 3.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 238.7 Billion Metric Tons to the region's size and clout in the next 5 to 6 years. Over 195.9 Billion Metric Tons worth of projected demand in the region will come from Rest of Europe markets. In Japan, Granite, Marble and Stone will reach a market size of 1.4 Trillion Metric Tons by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.7% over the next couple of years and add approximately 2 Trillion Metric Tons in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include among others, Ablegroup Berhad; Asian Granito India Limited; Benchmark Building Supplies Ltd.; CaesarStone; Cambria; California Crafted Marble, Inc.; Cosentino SA; Dakota Granite Company; Dimpomar; Rochas Portuguesas; Lda; Duracite, Inc.; Granite Transformations; Hilltop Granites; Kangli Stone Group; Pokarna Limited; Polycor Inc.; Mohawk Industries; Marazzi Group; Temmer Marble; Topalidis S.A.