Stone Processing Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Stone Processing Machine Market
The Stone Processing Machine market size was valued at USD 7.56 billion in 2023, and the market is now projected to grow from USD 7.87 billion in 2024 to USD 11.45 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2024-2032.
COVID-19 had a declining effect on most of the commercial and non-commercial sectors, pushing the manufacturing division beneath challenging circumstances. Additionally, the scarcity in labor accessibility due to lockdowns made advertise operations more defenseless abridging the advertise development prospects. The supply side seen a reducing of operations due to the closure of fabricating plants and reexamined controls managing cross-border exchange of non-essential products thus impacting the stone processing machine market growth.
Most producers are as of now confronting the extreme challenge of unused participants in terms of item offerings in a cost-effective way. In expansion, these partners are being challenged by their built-up peers in terms of item differing qualities and offerings coordinates with better than average benchmarks of robotization and joining imaginative innovations. To moderate the antagonistic impacts and attempt to fortify and hold their positions within the advertise, most worldwide producers are contributing in inquire about and advancement operations with genuine expectation. These endeavors help these companies in creating progressed items and increasing their item differing qualities to preserve their commanding advertise positions.
Framework advancement activities and overwhelming endeavors toward rapid urbanization can be seen as a substantive figure supporting the advertise operations over the past decade. The same figure presently has taken a driver's seat in creating economies and will contribute to showcase advancements over the projection period. Urbanization and framework change globally has made a favorable environment for the request of the different sorts of stones over the geographies.
Comprehensive Analysis of Stone Processing Machine Market
On the reference of product type, the market is classified as finishing machine, milling machine, drilling machine, cutting machine, edging machine. The cutting machine of all the product type was calculated as the dominant one. On the bifurcation of types of stone analysis, the market for stone processing machine is classified as marble, basalt, limestone, granite, slate, sandstone and others. The granite section to show a peer market share in the types of stone. The furniture and construction are categories of application of the stone processing machine market of which the construction application held the largest share.
With regard to stone processing machine market share and development projections, the Asia Pacific territory is expected to rule out the market with an esteem valuation of USD 2.88 billion amidst the figure period. The significant nearness of China-based players is one of the vital variables moving the worldwide stone preparing machine showcase development.
The market for stone processing machine is a modestly divided market with the nearness of different worldwide players such as: Breton (Italy), Keda Group (China), SMR SpA (Italy), DONATONNI MACCHINE (Italy), Pedrini (Italy), Park Industry (China), Simec (Italy), Thibaut (France), Shandong Huaxing (China) and others. The expanding endeavors of China-based market players and favorable government arrangements within the previously mentioned nation encourage cement the export-based showcase development. In expansion, the advertise players will reinforce the products' supply chain and deliberately create conveyance procedures to extend their commerce.
In June 2023, the company KEDA Industrial Group Co. Ltd. has as of late revealed its brilliantly profound preparing generation lines at China Xiamen Worldwide Stone Reasonable. The company points to elevate the measures of the computerized and shrewdly stone handling operations with its later advancement.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.5% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type
Milling Machine
Cutting Machine
Edging Machine
Drilling Machine
Finishing Machine
Others
By Types of Stone
Basalt
Granite
Sandstone
Limestone
Slate
Marble
Others
By Application
Construction
Furniture
By Region
North America (By Product Type, By Types of Stone, By Application, and By Country)
U.S. (By Application)
Canada (By Application)
Europe (By Product Type, By Types of Stone, By Application, and By Country)
U.K. (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Russia (By Application)
BENELUX (By Application)
Nordics (By Application)
Rest of Europe
Asia Pacific (By Product Type, By Types of Stone, By Application, and By Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
ASEAN (By Application)
Rest of Asia Pacific
Middle East & Africa (By Product Type, By Types of Stone, By Application, and By Country)
GCC Countries (By Application)
South Africa (By Application)
Rest of the Middle East and Africa
Latin America (By Product Type, By Types of Stone, By Application, and By Country)
Mexico (By Application)
Brazil (By Application)
Rest of Latin America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Stone Processing Machine Key Players Market Share/Ranking, 2022
- 5. Global Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Milling Machine
- 5.2.2. Cutting Machine
- 5.2.3. Edging Machine
- 5.2.4. Drilling Machine
- 5.2.5. Finishing Machine
- 5.2.6. Others
- 5.3. By Type of Stones (USD)
- 5.3.1. Basalt
- 5.3.2. Granite
- 5.3.3. Sandstone
- 5.3.4. Limestone
- 5.3.5. Slate
- 5.3.6. Marble
- 5.3.7. Others
- 5.4. By Application (USD)
- 5.4.1. Construction
- 5.4.2. Furniture
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Middle East & Africa
- 5.5.5. Latin America
- 6. North America Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Milling Machine
- 6.2.2. Cutting Machine
- 6.2.3. Edging Machine
- 6.2.4. Drilling Machine
- 6.2.5. Finishing Machine
- 6.2.6. Others
- 6.3. By Type of Stones (USD)
- 6.3.1. Basalt
- 6.3.2. Granite
- 6.3.3. Sandstone
- 6.3.4. Limestone
- 6.3.5. Slate
- 6.3.6. Marble
- 6.3.7. Others
- 6.4. By Application (USD)
- 6.4.1. Construction
- 6.4.2. Furniture
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By Application
- 6.5.1.1.1. Construction
- 6.5.1.1.2. Furniture
- 6.5.2. Canada
- 6.5.2.1. By Application
- 6.5.2.1.1. Construction
- 6.5.2.1.2. Furniture
- 7. Europe Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Milling Machine
- 7.2.2. Cutting Machine
- 7.2.3. Edging Machine
- 7.2.4. Drilling Machine
- 7.2.5. Finishing Machine
- 7.2.6. Others
- 7.3. By Type of Stones (USD)
- 7.3.1. Basalt
- 7.3.2. Granite
- 7.3.3. Sandstone
- 7.3.4. Limestone
- 7.3.5. Slate
- 7.3.6. Marble
- 7.3.7. Others
- 7.4. By Application (USD)
- 7.4.1. Construction
- 7.4.2. Furniture
- 7.5. By Country (USD)
- 7.5.1. United Kingdom
- 7.5.1.1. By Application
- 7.5.1.1.1. Construction
- 7.5.1.1.2. Furniture
- 7.5.2. Germany
- 7.5.2.1. By Application
- 7.5.2.1.1. Construction
- 7.5.2.1.2. Furniture
- 7.5.3. France
- 7.5.3.1. By Application
- 7.5.3.1.1. Construction
- 7.5.3.1.2. Furniture
- 7.5.4. Italy
- 7.5.4.1. By Application
- 7.5.4.1.1. Construction
- 7.5.4.1.2. Furniture
- 7.5.5. Russia
- 7.5.5.1. By Application
- 7.5.5.1.1. Construction
- 7.5.5.1.2. Furniture
- 7.5.6. Benelux
- 7.5.6.1. By Application
- 7.5.6.1.1. Construction
- 7.5.6.1.2. Furniture
- 7.5.7. Nordics
- 7.5.7.1. By Application
- 7.5.7.1.1. Construction
- 7.5.7.1.2. Furniture
- 7.5.8. Rest of Europe
- 8. Asia Pacific Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Milling Machine
- 8.2.2. Cutting Machine
- 8.2.3. Edging Machine
- 8.2.4. Drilling Machine
- 8.2.5. Finishing Machine
- 8.2.6. Others
- 8.3. By Type of Stones (USD)
- 8.3.1. Basalt
- 8.3.2. Granite
- 8.3.3. Sandstone
- 8.3.4. Limestone
- 8.3.5. Slate
- 8.3.6. Marble
- 8.3.7. Others
- 8.4. By Application (USD)
- 8.4.1. Construction
- 8.4.2. Furniture
- 8.5. By Country (USD)
- 8.5.1. China
- 8.5.1.1. By Application
- 8.5.1.1.1. Construction
- 8.5.1.1.2. Furniture
- 8.5.2. India
- 8.5.2.1. By Application
- 8.5.2.1.1. Construction
- 8.5.2.1.2. Furniture
- 8.5.3. Japan
- 8.5.3.1. By Application
- 8.5.3.1.1. Construction
- 8.5.3.1.2. Furniture
- 8.5.4. South Korea
- 8.5.4.1. By Application
- 8.5.4.1.1. Construction
- 8.5.4.1.2. Furniture
- 8.5.5. ASEAN Countries
- 8.5.5.1. By Application
- 8.5.5.1.1. Construction
- 8.5.5.1.2. Furniture
- 8.5.6. Rest of Asia Pacific
- 9. Middle East & Africa Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Product Type (USD)
- 9.2.1. Milling Machine
- 9.2.2. Cutting Machine
- 9.2.3. Edging Machine
- 9.2.4. Drilling Machine
- 9.2.5. Finishing Machine
- 9.2.6. Others
- 9.3. By Type of Stones (USD)
- 9.3.1. Basalt
- 9.3.2. Granite
- 9.3.3. Sandstone
- 9.3.4. Limestone
- 9.3.5. Slate
- 9.3.6. Marble
- 9.3.7. Others
- 9.4. By Application (USD)
- 9.4.1. Construction
- 9.4.2. Furniture
- 9.5. By Country (USD)
- 9.5.1. GCC
- 9.5.1.1. By Application
- 9.5.1.1.1. Construction
- 9.5.1.1.2. Furniture
- 9.5.2. South Africa
- 9.5.2.1. By Application
- 9.5.2.1.1. Construction
- 9.5.2.1.2. Furniture
- 9.5.3. Rest of MEA
- 10. Latin America Stone Processing Machine Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Product Type (USD)
- 10.2.1. Milling Machine
- 10.2.2. Cutting Machine
- 10.2.3. Edging Machine
- 10.2.4. Drilling Machine
- 10.2.5. Finishing Machine
- 10.2.6. Others
- 10.3. By Type of Stones (USD)
- 10.3.1. Basalt
- 10.3.2. Granite
- 10.3.3. Sandstone
- 10.3.4. Limestone
- 10.3.5. Slate
- 10.3.6. Marble
- 10.3.7. Others
- 10.4. By Application (USD)
- 10.4.1. Construction
- 10.4.2. Furniture
- 10.5. By Country (USD)
- 10.5.1. Brazil
- 10.5.1.1. By Application
- 10.5.1.1.1. Construction
- 10.5.1.1.2. Furniture
- 10.5.2. Mexico
- 10.5.2.1. By Application
- 10.5.2.1.1. Construction
- 10.5.2.1.2. Furniture
- 10.5.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Keda Group
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Biesse Group (Intermac)
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Breton
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Thibaut
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Pedrini
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Simec
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. BMR SpA
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Park Industry
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Shandong Huaxing
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. DONATONI MACCHINE
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook