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

The stone mining and quarrying market consists of sales of stone mining and quarrying and related services 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 global stone mining and quarrying market reached a value of nearly $8,058.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 1.2% since 2015. The market is expected to grow from $8,058.8 million in 2020 to $11,146.7 million in 2025 at a rate of 6.7%. The market is then expected to grow at a CAGR of 5.1% from 2025 and reach $14,321.0 million in 2030.

The surge in capital expenditure on infrastructure development is projected to propel the revenue for the stone mining and quarrying 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 stone mining and quarrying market trends include usage of hardcore and aggregate as drainage foundations. Growing focus on areas causing floods by removing natural draining is surging the requirements for stone or aggregates as drainage-friendly base or foundation. Moreover, precision surface excavation machines are becoming more popular because they help to reduce noise and pollution in sensitive areas. 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 for 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 stone mining and quarrying market segments include:

1) By Type- Dimension Stone Mining, Crushed Stone Mining

2) By Organization Size: Large Enterprises, Small And Medium Enterprises.

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

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

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Read Stone Mining And Quarrying 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, CRH, Martin Marietta Materials Inc, Lafarge Holcim, Heidelberg Cement AG

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 Stone Mining And Quarrying 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 Stone Mining And Quarrying Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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