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Stone Cutting, Shaping & Finishing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Stone Cutting, Shaping & Finishing Market Research Report | SIC C23.700 | Mar 2017

Rough going: Revenue is expected to contract in the current year, following a volatile period for the industry

IBISWorld’s Stone Cutting, Shaping & Finishing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£545m
Annual Growth 12-17
3.1%
Annual Growth 17-22
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Profit
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Employment
7,299
Businesses
1,108
Industry Analysis & Industry Trends

Conditions in the Stone Cutting, Shaping and Finishing industry have been turbulent over the past five years. At the start of the period, industry revenue contracted due to stagnant downstream construction markets and constrained business confidence. Government and business budgets were strained and falling disposable income further dented spending on finished stone products. However, strengthening economic conditions and demand from key downstream construction markets supported a rapid resurgence. The introduction of government assistance such as the Help to Buy scheme also helped to boost demand and bolster industry revenue. However, industry revenue is forecast to decrease slightly by 2.5% through 2016-17... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry for the Stone Cutting, Shaping and Finishing industry are moderate. While the initial financial requirement is minimal and the fragmented nature of the industry suggests there are low barriers to entry, potential participants face key barriers in obtaining solid supply contracts and access to skilled masons. There are a limited number of quarries in the UK and the competition for raw stone is fierce. Entrance into the industry would not be possible without secure supply side contracts in place. In addition, unless the contracts are solid, the entrant would be susceptible to supply side shocks. Vertical integration is a means for a firm to insulate itself from these shocks. Alb.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 stoneRoofingDecorative stone claddingPaving slabs, kerbstones and flagstonesWorktops and other household interiors
 
Industry Activities
Cutting, shaping and finishing of stoneManufacturing stone furniture


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