Easy availability of marble and increasing demand for modern décor are significant factors influencing the market growth.
VANCOUVER, BC, CANADA, October 27, 2021 /EINPresswire.com/ — The global marble market is projected to reach value of USD 15.94 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market include shift in consumers' lifestyle and heat- and fire-resisting properties of marble.With increasing usage and availability of explosives, coupled with advancements in mechanical systems, marble can be easily given various shapes. This helps in grooming the overall appearance of end-use applications. In the modern age, marble is used for building city halls, religious homes, and buildings.
The report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the marble market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the marble industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the marble market.
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Further key findings from the report suggest:
In February 2020, Fox Marble Holdings Plc announced that it had signed two new agreements for the processing of third-party blocks with Egzoni Sh.p.k. and Skifteri Sh.p.k. Fox Marble Holdings
Based on application, the market has been classified into building & construction, furniture, decorative infrastructure, statues & monuments, and others. The building & construction segment is projected to expand at a rate of 3.1% during the forecast period. Marble has been used for making historic sculptures for ages. Marble is one of the most durable materials, which showcases its durability in the wide-ranging atmospheric changes. Marble is widely used in the construction of flooring, walls, and columns due to its physical properties.
North America is projected to dominate the global marble market during the forecast period. Various uses of marble in building & construction, decorative infrastructure, and furniture industries have boosted the market in the region. The U.S. is expected to lead the market in the region in the near future.
Top competitors of the marble Market profiled in the report include:
Key players in the market include Hellenic Granite Company, Fox Marble Holdings Plc, Polycor Inc., Asian Granito India Limited, Kangli Stone Group, Hilltop Granites, Classic Marble Company, First Marble & Granite, Temmer Group, and Santucci Group
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For this report, Emergen Research has segmented the global marble market based on application, color, and region:
Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
Building & Construction
Statues & Monuments
Color Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
Regional Analysis of the marble Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Objectives of the Report:
Analysis and estimation of the marble market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global marble market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
The Global marble Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Marble Market Segmentation & Impact Analysis
4.1. Marble Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Demand for Modern Decor
184.108.40.206. Easy and Bulk Availability of Marble
4.2.3. Market restraints analysis
220.127.116.11. High Cost of Technologies used
18.104.22.168. Rules & Regulations by the Government
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Source: EIN Presswire