Granite Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 35.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global granite market was valued at approximately $15.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. This growth is driven by the increasing demand for granite in residential and commercial construction, including flooring, countertops, and cladding. The market's expansion is further supported by the rising trend of aesthetic architectural designs and durable building materials. Additionally, advancements in quarrying and processing technologies are expected to enhance market accessibility and production efficiency, contributing to steady market growth.
Emerging markets, particularly in Asia-Pacific, are anticipated to present significant opportunities due to rapid urbanization and infrastructure development in countries such as India and China. These regions are experiencing a surge in construction activities, which is boosting the demand for high-quality granite products. Moreover, the growing popularity of granite in interior design and landscaping is driving market opportunities. The rise in disposable income and improved living standards are also factors that are likely to support market growth in these emerging economies.
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Levantina
Gem Granites
Cosentino
SMG
Antolini
Rock of Ages
Williams Stone
Amso International
Coldspring
Pokarna
R.E.D. Graniti
Swenson Granite
Rashi Granite
KSG
Tanhat Mining
UMGG
Kangli Stone
Fujian Hongfa
Best Cheer
Huachuan
Shanshui Stone
Xishi Group
Wanlistone
Yinlian Stone
Dongsheng Stone
Huahui Stone
Xinfeng Group
Quanxinglong
Guanghui Stone
Fengshan Stone
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Granite Market
Construction and Decoration
Monument and Statuary
Furniture
Other
Based on Types the Market is categorized into Below types that held the largest Granite market share In 2023.
Granite Slab
Granite Tile
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Granite Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Granite Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Granite Market, By Type
6. Global Granite Market, By Application
7. Global Granite Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Granite Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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