According to the report the global granite market is projected to grow at a CAGR of 3.5% between 2023 and 2028. Aided by the growing demand for durable and aesthetically pleasing construction materials, along with expanding applications of granite in various sectors, the market is expected to grow significantly by 2028.
Granite, an igneous rock formed by the cooling of magma, is admired for its strength, durability, and varied aesthetic appeal. It is widely used as a construction and architectural material in several products, including countertops, floor tiles, paving stone, curbing, stair treads, and many other building elements. In addition to its aesthetic qualities, granite boasts high resistance to abrasion, weathering, and chemicals, making it an indispensable component in various industrial applications, such as construction, architecture, and monument-making.
The escalating consumer preference for luxury and aesthetically pleasing materials in the construction industry is bolstering the global granite market growth. With growing awareness of granite's durability and its potential to enhance property value, there has been a substantial shift towards its incorporation in residential and commercial constructions. This shift, in turn, has resulted in a surge in demand for granite-based products.
The expanding applications of granite in different industries also play a significant role in propelling the granite market development. In the construction industry, granite's unparalleled durability and resistance to abrasion and weathering make it a preferred choice for various elements, including flooring, stair treads, and countertops. The architecture and monument-making sectors utilise granite for its aesthetic appeal and longevity, vital in the creation of various structures and landmarks.
Moreover, technological advancements in quarrying and processing have made granite more accessible and affordable, further propelling the granite market expansion. Innovations in quarrying technology, such as wire saws and water jets, have increased extraction efficiency, reduced wastage, and lowered production costs. Similarly, advancements in processing technology, such as computer numerical control (CNC) machining, have improved the precision and versatility of granite products.
Lastly, the increasing demand for sustainable and natural materials in the construction industry has brought granite to the forefront as an eco-friendly option. With the rise of green building practices and the growing popularity of biophilic design, granite, a natural and durable material, has emerged as a sustainable choice for various applications, thereby significantly contributing to the granite market growth.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Granite, an igneous rock formed by the cooling of magma, is admired for its strength, durability, and varied aesthetic appeal. It is widely used as a construction and architectural material in several products, including countertops, floor tiles, paving stone, curbing, stair treads, and many other building elements. In addition to its aesthetic qualities, granite boasts high resistance to abrasion, weathering, and chemicals, making it an indispensable component in various industrial applications, such as construction, architecture, and monument-making.
The escalating consumer preference for luxury and aesthetically pleasing materials in the construction industry is bolstering the global granite market growth. With growing awareness of granite's durability and its potential to enhance property value, there has been a substantial shift towards its incorporation in residential and commercial constructions. This shift, in turn, has resulted in a surge in demand for granite-based products.
The expanding applications of granite in different industries also play a significant role in propelling the granite market development. In the construction industry, granite's unparalleled durability and resistance to abrasion and weathering make it a preferred choice for various elements, including flooring, stair treads, and countertops. The architecture and monument-making sectors utilise granite for its aesthetic appeal and longevity, vital in the creation of various structures and landmarks.
Moreover, technological advancements in quarrying and processing have made granite more accessible and affordable, further propelling the granite market expansion. Innovations in quarrying technology, such as wire saws and water jets, have increased extraction efficiency, reduced wastage, and lowered production costs. Similarly, advancements in processing technology, such as computer numerical control (CNC) machining, have improved the precision and versatility of granite products.
Lastly, the increasing demand for sustainable and natural materials in the construction industry has brought granite to the forefront as an eco-friendly option. With the rise of green building practices and the growing popularity of biophilic design, granite, a natural and durable material, has emerged as a sustainable choice for various applications, thereby significantly contributing to the granite market growth.
Market Segmentation
The market can be divided based on product, application, and region.Market Breakup by Product
- Granite Slabs
- Granite Tiles
- Others
Market Breakup by Application
- Kitchen Counterparts
- Flooring
- Stair Treads
- Monuments
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global granite companies. Some of the major key players explored in the report are as follows:- Marcolini Marmi S.p.A
- Levantina y Asociados de Minerales, S.A.
- George Home Group Inc.
- Arizona Tile, L.L.C.
- AbleGroup Berhad
- LandFord Stone Ltd.
- AG Marble & Granite
- Temmer Marble
- Amarestone
- MDY
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Granite Market Analysis
8.1 Key Industry Highlights
8.2 Global Granite Historical Market (2018-2022)
8.3 Global Granite Market Forecast (2023-2028)
8.4 Global Granite Market by Product
8.4.1 Granite Slabs
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Granite Tiles
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Granite Market by Application
8.5.1 Kitchen Counterparts
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Flooring
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Stair Treads
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Monuments
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Granite Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Granite Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Granite Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Granite Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Granite Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Granite Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 2516)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Marcolini Marmi S.p.A
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Levantina y Asociados de Minerales, S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 George Home Group Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Arizona Tile, L.L.C.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AbleGroup Berhad
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 LandFord Stone Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 AG Marble & Granite
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Temmer Marble
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Amarestone
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 MDY
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
Companies Mentioned
- Marcolini Marmi S.p.A
- Levantina y Asociados de Minerales, S.A.
- George Home Group Inc.
- Arizona Tile, L.L.C.
- AbleGroup Berhad
- LandFord Stone Ltd.
- AG Marble & Granite
- Temmer Marble
- Amarestone
- MDY
Methodology
LOADING...
