Market Study Report adds new research on Natural Stone Slab market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Natural Stone Slab market also includes an in-depth study of the industry’s competitive scenario.
Global Natural Stone Slab Market size to reach 59.78 billion by 2027 and is valued approximately USD 45.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2020-2027.
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A stone slab is a large, smooth, and thin stone that is commonly used for paving floors, covering walls, and as headstones. Paving and roof construction are two of the most common uses for slabs as a construction material. Also, the Natural stone slab is used on graves. The increasing investments in construction sector, increasing population and also Natural stone slabs superior strength, functionality, and durability has led the adoption of Natural stone slab across the forecast period.
Major Natural Stone Slab Market player included in this report are:
- Aro Granite Industries Ltd
- Dermitzakis Bros S.A.
- Mumal Marble
- Polycor Inc
- Temmer Marble
- Xishi Stone Group
For Instance: By the first quarter of 2021, the LIRA’s regular methodology predicts annual growth in renovation and repair spending of 4.1 percent, with gains softening to 1.7 percent by the third quarter. Annual expenses for owner-occupied housing rehabilitation and repair are projected to increase from about $332 billion to $337 billion by the second half of 2021. However, high manufacturing costs, strict regulations on mining impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing interest of government and private firms towards infrastructure, construction of River Banks, and demand for Natural stone slab is likely to increase the market growth during the forecast period.
The regional analysis of global Natural stone slab market size is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Natural stone slab market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- North America
- Asia Pacific
- Latin America
- Rest of the World
For More Details on Natural Stone Slab Market Report at: https://www.marketstudyreport.com/reports/global-natural-stone-slab-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
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