The Global Dimension Stone Mining Market Report by The Business Research Company covers dimension stone mining market drivers and restraints, dimension stone mining market size, major players, and the impact of COVID-19 on the dimension stone mining market.

The dimension stone mining market consists of sales of dimension stone mining by entities (organizations, sole traders, and partnerships) primarily engaged in developing the mine site and/or mining or quarrying dimension stone (rough blocks and/or slabs of stone). Dimension stone is a rock that is detached from its original site and is used with minor alteration as ornamental or building stone. It is a rock material mined or quarried to obtain slabs or blocks that meet specifications as to shape and size. Examples include mining or quarrying bituminous limestone, sandstone, marble, and granite.

The global dimension stone mining market reached a value of nearly $5,422.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 0.5% % since 2015. The market is expected to grow from $5,422.6 million in 2020 to $7,611.5 million in 2025 at a rate of 7.0%. The global dimension stone mining market is then expected to grow at a CAGR of 5.0% from 2025 and reach $9,734.7 million in 2030.

The surge in capital expenditure on infrastructure development is projected to propel the revenue for the dimension stone mining market over the forecast period. Growth in capital expenditure on infrastructure is led by the growing population, rapid urbanization, strong economic growth, and migration of people toward urban areas. For instance, according to the Global Infrastructure Outlook, which forecasts infrastructure investment needs across 50 countries and seven sectors to 2040, the global population is expected to grow by almost 2 billion people or a 25% increase and around 46% of the global population will migrate from rural to urban areas by 2040, triggering massive demand for infrastructure support. Moreover, the outlook forecasts that the global infrastructure investments need to reach $94 trillion by the end of 2040, to keep pace with demographic and economic changes worldwide. The increasing expenditure on infrastructure is likely to generate higher demand for stone materials in the buildings & construction industry, which in turn is expected to contribute to the market growth.

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Some dimension stone mining market trends include popularity of precision surface excavation machines in dimension stone mining 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. Moreover, the use of robots in the dimension stone mining industry is improving the efficiency and productivity of stone mines, and also reduces operational costs.

Global dimension stone mining market segments include:

1) Type: Marble, Granite, Limestone, Sandstone, Others

2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Dimension Stone Mining Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides dimension stone mining market overviews, analyzes and forecasts market size, share, dimension stone mining market players, dimension stone mining market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The dimension stone mining identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Dimension Stone Mining Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Vulcan Materials Company, Martin Marietta Aggregates Inc., Heidelberg Cement AG, CRH Plc., Cemex S A B de C V

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Dimension Stone Mining Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Dimension Stone Mining Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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