Solid foundation: Increased spending on the construction of roads and other infrastructure will support growth

The Stone Mining industry is firmly cemented in the US economy, producing materials for a wide range of construction industries. The industry's importance has remained steady over the five years to 2017 and IBISWorld expects that the industry's continued importance as a primary supplier of stone products will benefit operators. Over the five years to 2017, industry revenue is anticipated to grow due to the continued recovery in downstream construction markets. Over the five years to 2022, industry revenue is forecast to increase as a slower rate than during the previous period. This growth is expected to come from continued demand for commercial and residential construction as well as large increases in infrastructure spending for road, street and highway construction...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry revenue is anticipated to grow due to the continued recovery in downstream construction markets
  • There has been limited growth in the industry labor force as a result of industry consolidation
  • Government funding in infrastructure will help the industry grow
  • Industry Report - Industry Key Buyers Chapter

    The Stone Mining industry is characterized by a moderate level of concentration, with the three largest companies accounting for 41.0% of total industry revenue in 2017. The past decade has seen a trend toward increased ownership concentration (i.e. consolidation), with several large-scale players acquiring the operations of competitors to establish or strengthen their position in strategically important regional markets.Industry consolidation is expected to continue over the long term, as international players enter the industry, and along with the leading national players, seek to expand through acquisitions, which provide a spread of assets across several geographic and product markets. Mos...purchase to read more.

    Additional Insights for the Stone Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Stone Mining Industry are

  • Downstream ownership links
  • Ability to accommodate environmental requirements
  • Ability to control total supply on market
  • IBISWorld analysts also discuss how external factors such as Demand from road and highway construction and Value of private nonresidential construction in the Stone Mining industry impact industry performance..

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    What's in this report

    What is the Stone Mining Industry?

    This industry comprises companies that develop mine sites; mine and quarry dimension stone (i.e. rough blocks or slabs of stone); mine and quarry crushed and broken stone, such as granite and limestone; or beneficiate stone by crushing, grinding, washing, screening, pulverizing and sizing.

    Industry Products
  • Crushed limestone and dolomite
  • Crushed granite
  • Crushed trap rock
  • Other crushed stone
  • Dimension granite
  • Dimension limestone and dimension sandstone
  • Other dimension stone (e.g. marble and slate)
  • Industry Activities
  • Developing the mine site and mining or quarrying crushed and broken limestone
  • Developing the mine site and mining or quarrying crushed and broken granite
  • Beneficiating (i.e. grinding or pulverizing) granite, limestone and other stone products
  • Mining granite rocks, such as gneiss, syenite and diorite
  • Mining or quarrying bituminous limestone and bituminous sandstone
  • Mining limestone rocks, such as dolomite, cement rock, marl, travertine and calcareous tufa
  • Mining and preparing dimension stone (e.g. rough blocks, flagstones, curbing, and monumental and memorial stones)
  • Mining and quarrying aggregates (e.g. sand, gravel, slag, crushed limestone, dolomite and sandstone)
  • Mining aggregates for chemical and metallurgical use in glass, paper, paint, pharmaceuticals and cosmetics
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from road and highway construction
  • Value of private nonresidential construction
  • Federal funding for transportation
  • Value of residential construction

  • Current Performance
  • Stone demand returns
  • Industry concentration increases
  • Transportation development
  • Chart: Revenue Growth

  • Industry Outlook
  • Building growth
  • Industry consolidation
  • Cost savings lead to profit growth
  • Table: Stone Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stone Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Fence & Swimming Pool Construction
  • Ready-Mix Concrete Manufacturing
  • Lime Manufacturing
  • Cemetery Services
  • Commercial Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Explosives Manufacturing
  • Geophysical Services
  • Heavy Equipment Rental
  • Transportation and Warehousing

  • Products & Services
  • Crushed limestone and dolomite
  • Crushed granite
  • Other crushed stone
  • Crushed trap rock
  • Dimension limestone and dimension sandstone
  • Dimension granite
  • Other dimension stone (e.g. marble and slate)
  • Chart: Stone Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Infrastructure construction
  • Building construction and renovation
  • Product manufacturing (e.g. chemicals and metallurgical)
  • Agriculture
  • Other
  • Chart: Major Market Segmentation for the Stone Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Stone Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stone Mining Industry

  • Industry Globalization
    Martin Marietta Materials Inc., Vulcan Materials Company, LafargeHolcim Ltd,
  • Table: Martin Marietta Materials Inc. - financial performance
  • Table: Vulcan Materials Company - financial performance
  • Table: LafargeHolcim Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Stone Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Stone Mining Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Value of construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Any of several hard materials, such as crushed rock, sand, gravel, stone, slag, cinders or other inactive materials.
  • Crushed Stone
  • A form of construction aggregate, typically produced by mining a suitable rock deposit and breaking the removed rock down to the desired size using crushers.
  • Dimension Stone
  • A natural stone that is mined or processed for applications based on its size, shape, color, texture, grains and strength. It is usually cut or ground to a specific shape or profile.
  • Quarry
  • A type of open-pit mine from which rock and minerals are extracted.
  • Safetea-Lu
  • Safe, Accountable, Flexible, Efficient Transportation Equity Act - Legacy for Users; A funding and authorization bill signed in 2005 that governs United States federal surface transportation spending.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Stone Mining provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Stone Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Stone Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Stone Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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