In good shape: Strong residential construction activity has supported industry revenue growth

The Stone Cutting, Shaping and Finishing industry relies on key downstream construction markets in both the residential and commercial segments. Finished stone products are often used for both interior and exterior structural and decorative purposes. Roofing and stone furnishings such as flooring, tiling and worktops are common applications for stone. Peripheral projects such as the restoration of heritage sites or monuments also bolster industry revenue.Over the five years through 2018-19, industry revenue is expected to increase at a compound annual rate of 0.2%. Growth has been supported by strong residential construction activity spurred by numerous government initiatives, such as the Help to Buy more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Strong residential construction activity has supported demand for industry operators
  • The weak pound since the EU referendum is expected to have increased imports
  • Sales of expensive stone tiling and kitchen and bathroom counters are likely to grow
  • Industry Report - Industry Products Chapter

    Worktops and other household interiorsHousehold and office interiors, including worktops, wash basins and fireplace mantels, account for an estimated 35.5% of industry revenue. Cut and finished stone is regularly used for kitchen and bathroom countertops, though this segment is vulnerable to changing tastes. Natural stone, particularly granite, is favoured due to its durability and prestige, however, in recent times, quartz has been increasingly used due to its longevity and similar finish. Over the five years through 2018-19, revenue derived from this segment has increased in line with growing residential construction markets...purchase to read more.

    Additional Insights for the Stone Cutting, Shaping & Finishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Stone Cutting, Shaping & Finishing Industry are

  • Access to high quality inputs
  • Having contacts within key markets
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from commercial building construction in the Stone Cutting, Shaping & Finishing industry impact industry performance..

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    What's in this report

    What is the Stone Cutting, Shaping & Finishing Industry?

    Firms in this industry cut, shape and finish rough-hewn stone used in construction and building, cemeteries, on the road such as paving slabs and flagstones; and roofing. The industry does not include the production of rough cut stone, nor the production of abrasive stones.

    Industry Products
  • Structural building stone
  • Roofing
  • Decorative stone cladding
  • Paving slabs, setts, kerbstones and flagstones
  • Worktops and other household interiors
  • Industry Activities
  • Cutting, shaping and finishing of stone
  • Manufacturing stone furniture
  • 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 residential building construction
  • Demand from commercial building construction
  • Business confidence index
  • Demand from roofing activities
  • Real effective exchange rate
  • Real household disposable income

  • Current Performance
  • Downstream assistance
  • Historical restoration
  • Revenue constraints
  • Cutting competition
  • Stone structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential growth
  • Firmer foundations
  • Competitive landscape
  • Table: Stone Cutting, Shaping & Finishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stone Cutting, Shaping & Finishing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Roofing Activities

  • Key Selling Industries
  • Electricity Supply
  • Stone Quarrying

  • Products & Services
  • Worktops and other household interiors
  • Paving slabs, setts, kerbstones and flagstones
  • Structural building stone
  • Decorative stone cladding
  • Roofing
  • Other
  • Chart: Stone Cutting, Shaping & Finishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential building construction
  • Commercial building construction
  • Public building construction
  • Other
  • Chart: Major Market Segmentation for the Stone Cutting, Shaping & Finishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Stone Cutting, Shaping & Finishing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stone Cutting, Shaping & Finishing Industry

  • Industry Globalization
    Marshalls plc,
  • Table: Marshalls plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Stone Cutting, Shaping & Finishing 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 Cutting, Shaping & Finishing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A flat stone slab, typically square or rectangular, used for paving.
  • Kerbstone
  • A stone that forms part of a kerb.
  • Stone Cladding
  • Stone that is split, sawn and sometimes polished for use as a finish on walls.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Stone Cutting, Shaping & Finishing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    This report on Stone Cutting, Shaping & Finishing:
    • 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 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 Cutting, Shaping & Finishing 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 Cutting, Shaping & Finishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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