Global Dimension Stones Market Set for Growth, Expected to Reach $11.89 Billion by 2027

The Business Research Company’s Dimension Stones Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 27, 2023 /EINPresswire.com/ — The global dimension stones market, valued at $8.51 billion in 2022, is forecasted to witness substantial growth, reaching $9.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. Despite challenges posed by the Russia-Ukraine conflict and ongoing impacts of the COVID-19 pandemic, the market is poised for expansion, with an estimated market size of $11.89 billion in 2027, growing at a CAGR of 6.9%.

Market Growth Drivers: Thriving Construction and Real Estate Industry
The dimension stones market is experiencing growth, propelled by the increasing demand in the construction and real estate industry. As a sustainable construction material, dimension stone finds applications in construction, cladding, paving, and various other areas. The robust demand is evident in the real estate sector, where the need for data centers is expected to surge by 15-18 million sq. ft. by 2025, as reported by Savills India in 2022. This surge in demand signifies the pivotal role of dimension stones in meeting the needs of the construction and real estate industry.

Key Players: Industry Leaders Shaping the Market
Major players driving progress in the dimension stones market include Vulcan Materials Company, Martin Marietta Aggregates Inc., Cemex S A B de C V, Carmeuse Lime & Stone Inc., and Rogers Group Inc. These industry leaders contribute to advancements and innovations, ensuring the continuous evolution of the dimension stones market.

Explore comprehensive insights into the global dimension stones market with a detailed sample report:

Technological Trends: Leveraging LIDAR and UAV for Efficient Mining Processes
Remote surveying and geological mapping for mines and quarries are witnessing a technological shift with the increased use of LIDAR and UAV (Unmanned Aerial Vehicle). This technology provides fast and accurate data, enhancing the planning of mining processes. LIDAR, which stands for Light Detection and Ranging, is a remote sensing method using pulsed laser light to measure variable distances, presenting a major trend in the global non-residential accommodation market.

Market Segmentation: Diverse Types and Mining Techniques
1) By Type: Marble, Granite, Limestone, Sandstone, Other Types
2) By Mining Type: Underground Mining, Surface Mining

Regional Landscape: Asia-Pacific Takes the Lead
In 2022, Asia-Pacific emerged as the largest region in the dimension stones market. The regional dynamics and market trends play a pivotal role in shaping the overall growth trajectory of the dimension stones market. Comprehensive coverage includes regions such as Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

For an in-depth analysis of the global dimension stones market, including regional dynamics, market trends, and growth opportunities, access the complete report:

Dimension Stones Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Dimension Stones Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on dimension stones market size, dimension stones market drivers and dimension stones market trends, dimension stones market major players, competitors’ revenues, market positioning, and market growth across geographies. The dimension stones market report helps you gain in-depth insights on dimension stones market opportunities and strategies. Companies can leverage the data in the report and tap into dimension stones market segments with the highest growth potential.

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