The Stone Quarrying industry has suffered a fair few scrapes over the recent years, since demand from the construction sector suffered in the wake of the financial crisis. Commercial property activity dropped drastically low, with many properties left vacant by ailing businesses and existing commercial buildings struggling to fill space. This bred further low confidence in the various construction industries and, since this is the crucial market for building stone products, there was a significant gap in demand for the industry's services.
Firms in this industry mine ornamental building stone such as granite, limestone and sandstone, in addition to gypsum, anhydrite, chalk, uncalcined dolomite and slate. Operators break, crush, roughly trim and saw each type of stone. The industry excludes chemical and fertiliser mineral mining (see IBISWorld report B08.910), the production of calcined dolomite and the finishing of stone outside quarry sites.
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.