The Stone Cutting, Shaping and Finishing industry has endured a turbulent time over the past five years. The first two years of the period were characterised by contracting industry revenue due to stagnant downstream construction markets and constrained business confidence. Both government and business budgets were strained and falling disposable income further dented spending on finished stone products. However, strengthening economic conditions, especially in downstream residential construction markets from 2012-13 onwards, helped to breathe new life into the industry. The introduction of government stimuli such as the Help to Buy scheme helped to propel revenue up by 19.9% in 2012-13.
Firms in this industry cut, shape and finish rough hewn stone. Products include structural building stone, paving slabs, flagstones, stone cladding and stone roofing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.