Natural Stone Market
Natural Stone Market Forecasts to 2028 - Global Analysis By Stone (Marble, Granite), Application (Furniture, Flooring), Construction Type (New Construction, Renovation), End User, Distribution Channel and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $36,897.06 MN |
|
Projected Year Value (2028) |
US $53,234.28 MN |
|
CAGR (2022 - 2028) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Natural Stone Market is accounted for $36897.06 million in 2022 and is expected to reach $53234.28 million by 2028 growing at a CAGR of 6.3% during the forecast period. Natural stones are earth-mined items that have been used for thousands of years as construction materials or decorative accents. Natural stones are hand-selected pieces of stone that are known to be the most reliable source of toughness and elegance. Even though the pieces are from the same source, natural stone products vary in color, composition, and texture.
The total value of industrial minerals production was $58.2 billion, a 3% increase from that of 2018. Of this total, $27.7 billion was construction aggregates production (construction sand and gravel and crushed stone). Crushed stone was the leading nonfuel mineral commodity in 2019 accounting for 22% of the total value of U.S. nonfuel mineral production. Increased construction activity resulted in increased prices and production of some industrial minerals.
Market Dynamics:
Driver:
Increasing urbanization around the world
A surge in popularity of outdoor entertaining areas, renovation and remodeling among wall cladding end-users contribute to the global natural stone market’s growth. Individuals’ disposable income has increased, and there is a greater knowledge of appealing outdoor designs, which has shifted the inclination toward home remodeling among residential end-users, especially in urban areas. Stones used for flooring in patios, porches, backyards, and pavements, such as marble and granite, improve the aesthetic appeal of residential buildings, fueling their adoption.
Restraint:
Presence of alternative building materials
The presence of alternative building materials such as ceramic tiles are gaining popularity as glazed ceramic tile is ready to use and does not require any additional coating. Whereas, the natural stone tiles are porous and can absorb stains due to which they must be sealed properly and resins must be used to close the pores. Ceramic tiles are man-made and available in various color and patterns. In addition, ceramic tiles can be custom-made to resemble the look of natural stone which is estimated to restrain the natural stone market growth in the upcoming years.
Opportunity:
Versatile characteristics of natural stones
The versatile characteristics of natural stones such as timeless appeal and immense beauty are estimated to attract huge growth opportunities. Natural stone adds elegance and aesthetic to any space whether it is an architectural design or ornamental design structures such as statues. In addition, recent advancements in natural stone quarrying, extraction, and fabrication process such as sandblasting, 3D modeling, and detailed surface work have made natural stones easier to use and durable which is anticipated to boost the natural stone market share during the analysis timeframe.
Threat:
Soft and brittle properties of natural stone
The porous, soft, and brittle nature of natural stone is anticipated to possess the threat for market growth. For instance, some of the natural stones are porous and absorb stains more easily. Due to this, they must be sealed properly and resins must be used for longevity.
The granite segment is expected to be the largest during the forecast period
Due to its rich colors, polished finish, and texture granite is widely used in residential construction for internal walls, floors, facades, and countertops. In addition, the granite can bear significant weight, resist weathering, resist abrasion, these factors are expected to upsurge the growth of the natural stone market sub-segment over the analysis period. For instance, the granite in the kitchen countertops for its durability and heat resistance capacity is expected to fuel the growth of the market during the forecast period.
The flooring segment is expected to have the highest CAGR during the forecast period
Floor coverings are expected to see increased consumer demand as a result of increased residential construction activity and urbanization. Natural stone flooring is an excellent choice for a variety of aesthetic and functional purposes as it can be used to give living spaces a direct and enduring connection to the natural world. Moreover, the increasing preference of natural stones for flooring such as granite, slate, limestone, and their properties such as resisting allergenic organisms, and making the floors durable and safe is further expected to uplift the growth of the natural stone market. For instance, the marble used for flooring provides the ambience of luxury and antiquity. It comes in wide range of colors and shades that provides pristine appeal.
Region with largest share:
Asia Pacific is projected to hold the largest market share owing to the growing construction activities in this region, owing to the rapid urbanization and industrialization and the usage of natural stones in flooring, wall cladding, civil works, memorial arts, and many others in this region. Furthermore, the presence of leading natural stone producers is expected to drive the regional growth of the market during the analysis period. For instance, in the World of Stones, well-known exporter and supplier of quality natural stone, India accounts for 27% of commercial natural stone production from its quarries.
Region with highest CAGR:
North America is projected to have the highest CAGR due to the factors such as an increase in the number of engineering, procurement, and construction (EPC) projects in the infrastructure sector and real estate and other urban infrastructure projects is estimated to bolster the demand for natural stones in the region.
Key players in the market:
Some of the key players profiled in the Natural Stone Market include Aro Granite Industries Ltd., Dimpomar, Mumal Marble, Polycor Inc., Temmer Marble, Xishi Stone Group, Topalidis, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., Indian Natural Stones and DongXing Group.
Key developments:
In October 2019: Polycor acquired Elliott Stone Company Inc., widely known for quarrying and fabrication of Indiana limestone. With this acquisition, the companies are aiming to expand their product lines all across the world.
In June 2019: DongXing Group signed an agreement with Sensegain to to leverage its international coverage and comprehensive online-offline business ecosystem to invest in public companies in special situations with Sensegain.
Stones Covered:
• Travertine
• Marble
• Granite
• Limestone
Types Covered:
• Incandescent
• Fluorescent
• Light-Emitting Diode (LED)
Applications Covered:
• Furniture
• Flooring
• Statuary & Monuments
• Decoration
• Cut-to-Size Items
• Wall Cladding
• Memorial Arts
Construction Types Covered:
• New Construction
• Renovation
End Users Covered:
• Residential
• Commercial
Distribution Channels Covered:
• Online Channel
• Offline Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Natural Stone Market, By Stone
5.1 Introduction
5.2 Travertine
5.3 Marble
5.4 Granite
5.5 Limestone
6 Global Natural Stone Market, By Type
6.1 Introduction
6.2 Incandescent
6.3 Fluorescent
6.4 Light-Emitting Diode (LED)
7 Global Natural Stone Market, By Application
7.1 Introduction
7.2 Furniture
7.3 Flooring
7.4 Statuary & Monuments
7.5 Decoration
7.6 Cut-to-Size Items
7.7 Wall Cladding
7.8 Memorial Arts
8 Global Natural Stone Market, By Construction Type
8.1 Introduction
8.2 New Construction
8.3 Renovation
9 Global Natural Stone Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
10 Global Natural Stone Market, By Distribution Channel
10.1 Introduction
10.2 Online Channel
10.3 Offline Channel
11 Global Natural Stone Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Aro Granite Industries Ltd.
13.2 Dimpomar
13.3 Mumal Marble
13.4 Polycor Inc.
13.5 Temmer Marble
13.6 Xishi Stone Group
13.7 Topalidis
13.8 Dermitzakis Bros S.A.
13.9 Levantina y Asociados de Minerales, S.A.
13.10 Indian Natural Stones
13.11 DongXing Group
List of Tables
1 Global Natural Stone Market Outlook, By Region (2020-2028) ($MN)
2 Global Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
3 Global Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
4 Global Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
5 Global Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
6 Global Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
7 Global Natural Stone Market Outlook, By Type (2020-2028) ($MN)
8 Global Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
9 Global Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
10 Global Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
11 Global Natural Stone Market Outlook, By Application (2020-2028) ($MN)
12 Global Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
13 Global Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
14 Global Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
15 Global Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
16 Global Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
17 Global Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
18 Global Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
19 Global Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
20 Global Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
21 Global Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
22 Global Natural Stone Market Outlook, By End User (2020-2028) ($MN)
23 Global Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
24 Global Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
25 Global Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
26 Global Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
27 Global Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
28 North America Natural Stone Market Outlook, By Country (2020-2028) ($MN)
29 North America Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
30 North America Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
31 North America Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
32 North America Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
33 North America Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
34 North America Natural Stone Market Outlook, By Type (2020-2028) ($MN)
35 North America Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
36 North America Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
37 North America Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
38 North America Natural Stone Market Outlook, By Application (2020-2028) ($MN)
39 North America Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
40 North America Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
41 North America Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
42 North America Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
43 North America Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
44 North America Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
45 North America Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
46 North America Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
47 North America Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
48 North America Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
49 North America Natural Stone Market Outlook, By End User (2020-2028) ($MN)
50 North America Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
51 North America Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
52 North America Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
53 North America Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
54 North America Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
55 Europe Natural Stone Market Outlook, By Country (2020-2028) ($MN)
56 Europe Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
57 Europe Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
58 Europe Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
59 Europe Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
60 Europe Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
61 Europe Natural Stone Market Outlook, By Type (2020-2028) ($MN)
62 Europe Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
63 Europe Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
64 Europe Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
65 Europe Natural Stone Market Outlook, By Application (2020-2028) ($MN)
66 Europe Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
67 Europe Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
68 Europe Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
69 Europe Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
70 Europe Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
71 Europe Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
72 Europe Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
73 Europe Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
74 Europe Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
75 Europe Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
76 Europe Natural Stone Market Outlook, By End User (2020-2028) ($MN)
77 Europe Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
78 Europe Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
79 Europe Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
80 Europe Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
81 Europe Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
82 Asia Pacific Natural Stone Market Outlook, By Country (2020-2028) ($MN)
83 Asia Pacific Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
84 Asia Pacific Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
85 Asia Pacific Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
86 Asia Pacific Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
87 Asia Pacific Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
88 Asia Pacific Natural Stone Market Outlook, By Type (2020-2028) ($MN)
89 Asia Pacific Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
90 Asia Pacific Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
91 Asia Pacific Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
92 Asia Pacific Natural Stone Market Outlook, By Application (2020-2028) ($MN)
93 Asia Pacific Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
94 Asia Pacific Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
95 Asia Pacific Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
96 Asia Pacific Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
97 Asia Pacific Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
98 Asia Pacific Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
99 Asia Pacific Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
100 Asia Pacific Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
101 Asia Pacific Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
102 Asia Pacific Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
103 Asia Pacific Natural Stone Market Outlook, By End User (2020-2028) ($MN)
104 Asia Pacific Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
105 Asia Pacific Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
106 Asia Pacific Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
107 Asia Pacific Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
108 Global Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
109 South America Natural Stone Market Outlook, By Country (2020-2028) ($MN)
110 South America Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
111 South America Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
112 South America Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
113 South America Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
114 South America Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
115 South America Natural Stone Market Outlook, By Type (2020-2028) ($MN)
116 South America Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
117 South America Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
118 South America Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
119 South America Natural Stone Market Outlook, By Application (2020-2028) ($MN)
120 South America Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
121 South America Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
122 South America Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
123 South America Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
124 South America Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
125 South America Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
126 South America Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
127 South America Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
128 South America Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
129 South America Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
130 South America Natural Stone Market Outlook, By End User (2020-2028) ($MN)
131 South America Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
132 South America Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
133 South America Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
134 South America Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
135 South America Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
136 Middle East & Africa Natural Stone Market Outlook, By Country (2020-2028) ($MN)
137 Middle East & Africa Natural Stone Market Outlook, By Stone (2020-2028) ($MN)
138 Middle East & Africa Natural Stone Market Outlook, By Travertine (2020-2028) ($MN)
139 Middle East & Africa Natural Stone Market Outlook, By Marble (2020-2028) ($MN)
140 Middle East & Africa Natural Stone Market Outlook, By Granite (2020-2028) ($MN)
141 Middle East & Africa Natural Stone Market Outlook, By Limestone (2020-2028) ($MN)
142 Middle East & Africa Natural Stone Market Outlook, By Type (2020-2028) ($MN)
143 Middle East & Africa Natural Stone Market Outlook, By Incandescent (2020-2028) ($MN)
144 Middle East & Africa Natural Stone Market Outlook, By Fluorescent (2020-2028) ($MN)
145 Middle East & Africa Natural Stone Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
146 Middle East & Africa Natural Stone Market Outlook, By Application (2020-2028) ($MN)
147 Middle East & Africa Natural Stone Market Outlook, By Furniture (2020-2028) ($MN)
148 Middle East & Africa Natural Stone Market Outlook, By Flooring (2020-2028) ($MN)
149 Middle East & Africa Natural Stone Market Outlook, By Statuary & Monuments (2020-2028) ($MN)
150 Middle East & Africa Natural Stone Market Outlook, By Decoration (2020-2028) ($MN)
151 Middle East & Africa Natural Stone Market Outlook, By Cut-to-Size Items (2020-2028) ($MN)
152 Middle East & Africa Natural Stone Market Outlook, By Wall Cladding (2020-2028) ($MN)
153 Middle East & Africa Natural Stone Market Outlook, By Memorial Arts (2020-2028) ($MN)
154 Middle East & Africa Natural Stone Market Outlook, By Construction Type (2020-2028) ($MN)
155 Middle East & Africa Natural Stone Market Outlook, By New Construction (2020-2028) ($MN)
156 Middle East & Africa Natural Stone Market Outlook, By Renovation (2020-2028) ($MN)
157 Middle East & Africa Natural Stone Market Outlook, By End User (2020-2028) ($MN)
158 Middle East & Africa Natural Stone Market Outlook, By Residential (2020-2028) ($MN)
159 Middle East & Africa Natural Stone Market Outlook, By Commercial (2020-2028) ($MN)
160 Middle East & Africa Natural Stone Market Outlook, By Distribution Channel (2020-2028) ($MN)
161 Middle East & Africa Natural Stone Market Outlook, By Online Channel (2020-2028) ($MN)
162 Middle East & Africa Natural Stone Market Outlook, By Offline Channel (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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