The global cobblestone market size was valued at $7,635.2 million in 2021, and is projected to reach $12,436.9 million by 2031, registering a CAGR of 5.0% from 2022 to 2031.
Cobblestones are earth-mined products that have been utilized as building materials or embellishments for a very long time. Limestone, Granite, Marble, Travertine, Sandstone, and Quartzite are a few examples of cobblestone. Natural stones are carefully chosen fragments of stone that are regarded as the most dependable source of sturdiness and beauty. Cobble stone items come in a variety of colors, compositions, and textures, although coming from the same source as the other components. Due to its application in wall cladding and flooring for both residential and commercial buildings, the cobblestone market is predicted to grow rapidly. Mountainous regions are home to a variety of minerals known as natural stone, such as quartzite, slate, calcareous, sandstone, marble, granite, cobblestone, and others.
Residential end-users' preferences for house renovation, particularly in metropolitan areas, have changed as a result of rise in disposable income and improved understanding of visually appealing outside designs. In addition, the need for cobblestones is anticipated to rise as there are more engineering, procurement, and construction projects in the infrastructure sector, as well as more real estate and different urban infrastructure projects. Therefore, the market is driven by infrastructure development activities, such as building motorways, bridges, airports, highway, and road projects. In addition, the market for cobblestone is anticipated to gain from the rise in industrialization and the demand for infrastructure for homes and businesses. For instance, in August 2019, the Federal Government of Canada planned to invest around $180 billion for new infrastructure development. Moreover, rise in disposable income of people in developing countries, such as India, Brazil, Africa, and others, leads to increased spending on renovation activities, which drives the growth of the global cobblestone market.
The market is segmented on the basis of type, construction type, application, and region. On the basis of type, the market is divided into mechanical pebble, natural cobblestone, riverstone, and other. On the basis of construction type, the market is divided into new construction and renovation. On the basis of application, the market is divided into roading, architecture, and other. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Cobblestones are earth-mined products that have been utilized as building materials or embellishments for a very long time. Limestone, Granite, Marble, Travertine, Sandstone, and Quartzite are a few examples of cobblestone. Natural stones are carefully chosen fragments of stone that are regarded as the most dependable source of sturdiness and beauty. Cobble stone items come in a variety of colors, compositions, and textures, although coming from the same source as the other components. Due to its application in wall cladding and flooring for both residential and commercial buildings, the cobblestone market is predicted to grow rapidly. Mountainous regions are home to a variety of minerals known as natural stone, such as quartzite, slate, calcareous, sandstone, marble, granite, cobblestone, and others.
Residential end-users' preferences for house renovation, particularly in metropolitan areas, have changed as a result of rise in disposable income and improved understanding of visually appealing outside designs. In addition, the need for cobblestones is anticipated to rise as there are more engineering, procurement, and construction projects in the infrastructure sector, as well as more real estate and different urban infrastructure projects. Therefore, the market is driven by infrastructure development activities, such as building motorways, bridges, airports, highway, and road projects. In addition, the market for cobblestone is anticipated to gain from the rise in industrialization and the demand for infrastructure for homes and businesses. For instance, in August 2019, the Federal Government of Canada planned to invest around $180 billion for new infrastructure development. Moreover, rise in disposable income of people in developing countries, such as India, Brazil, Africa, and others, leads to increased spending on renovation activities, which drives the growth of the global cobblestone market.
The market is segmented on the basis of type, construction type, application, and region. On the basis of type, the market is divided into mechanical pebble, natural cobblestone, riverstone, and other. On the basis of construction type, the market is divided into new construction and renovation. On the basis of application, the market is divided into roading, architecture, and other. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the cobblestone industry are Aaren Stones & Granites Pvt. Ltd, Agarsen Granite & Stones, Ajmera Marbles Industries, Akrolithos, Cosentino, Dakota Granites, Dal-Tile, Environmental Stone Works, Elegant Natural Stones Pvt. Ltd., Granite Setts UK Ltd., Leeca Ltd., Maharaja Stones, Paving International, Precision Countertops, Inc., Style Earth, U.S. Stone Works Inc., and Vangura.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cobblestone market analysis from 2021 to 2031 to identify the prevailing cobblestone market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cobblestone market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the cobblestone market analysis of the regional as well as global cobblestone market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Mechanical Pebble
- Natural Cobblestone
- Riverstone
- Others
By Construction Type
- New construction
- Renovation
By Application
- Roading
- Architecture
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Aaren Stones & Granites Pvt. Ltd
- Agarsen Granite & Stones
- Ajmera Marbles Industries
- Akrolithos
- Cosentino
- Dakota Granites
- Dal-Tile
- Environmental StoneWorks
- Elegant Natural Stones Pvt. Ltd
- Granite Setts UK Ltd
- Leeca Ltd
- Maharaja Stones
- Paving International
- Precision Countertops, Inc
- Style Earth
- U.S. Stone Works Inc
- vangura surfacing products
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COBBLESTONE MARKET, BY TYPE
CHAPTER 5: COBBLESTONE MARKET, BY CONSTRUCTION TYPE
CHAPTER 6: COBBLESTONE MARKET, BY APPLICATION
CHAPTER 7: COBBLESTONE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Cobblestone Market," the cobblestone market size was valued at $7.64 billion in 2021, and is estimated to reach $12.44 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.A natural building material called cobblestone is made up of little round stones that are used to pave roads, streets, and structures. These stones are joined together using mortar, a paste. These stones are employed in the construction of cemeteries, churches, schools, industries, smokehouses, stagecoach taverns, businesses, and churches. The durability and strength of cobblestones, which extend the life of roads and prevent road depression, are key factors in the growth of the global cobblestone market.
An increase in construction spending across several nations, including the U.S., Japan, India, and others, as well as expansion of the building industry, contribute to the growth of the cobblestone market globally. The demand for cobblestone for flooring and wall cladding is also anticipated to increase as urbanization and population growth continue to climb. Cobblestone advantages including longevity, aesthetic appeal, and dependability encourage the use of slate and limestone in commercial and residential construction, which in turn fuels the expansion of the global cobblestone industry. For instance, in May 2019, the Indian Government announced an ambitious investment agenda plan of $1.5 trillion in commercial construction sectors for a six-year period, ending in 2025. This investment focuses on the construction for schools and higher education, health, sports, road, and basic infrastructure. Hence, such investments are expected to create opportunities for the cobblestone manufacturer and therefore is expected to provide lucrative growth during the forecast period.
Asia-Pacific represents around 39.4% of the global cobblestone market share and dominated the market in terms of revenue in 2021. The increase in construction activities due to rapid urbanization are creating growth opportunities for cobblestone and hence driving the global market. Cobblestone is majorly adopted for civil works, memorial arts, wall cladding, flooring and others. The presence of leading natural stone producers in India and China is estimated to boost the Asia-Pacific cobblestone market growth.
However, during the COVID-19 pandemic, various manufacturers in the cobblestone market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted the sales of natural stones companies. In addition, a lack of manpower and raw materials also constricted the supply of variety of natural stones, which negatively influenced the growth of the market. However, the reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to the re-opening of companies.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global cobblestone market trends and dynamics.
- Depending on type, the natural cobblestone segment has dominated the cobblestone market in 2021.
- By construction type, the new construction segment registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global cobblestone market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the industry.
- The report provides an cobblestone market forecast and current trends and emerging opportunities.
- In-depth global cobblestone market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Aaren Stones & Granites Pvt. Ltd
- Agarsen Granite & Stones
- Ajmera Marbles Industries
- Akrolithos
- Cosentino
- Dakota Granites
- Dal-Tile
- Environmental Stoneworks
- Elegant Natural Stones Pvt. Ltd
- Granite Setts UK Ltd
- Leeca Ltd
- Maharaja Stones
- Paving International
- Precision Countertops, Inc
- Style Earth
- U.S. Stone Works Inc
- Vangura Surfacing Products
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 241 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 7635.2 million |
| Forecasted Market Value ( USD | $ 12436.9 million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
