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Stone Quarrying in the UK: Market Research Report

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

Stone Quarrying Market Research Report | SIC B08.110 | Jul 2016

Building up: Revenue is expected to rise thanks to improving construction activity

IBISWorld’s Stone Quarrying 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.

Report Snapshot
Market Share of Companies
Aggregate Industries UK Ltd Aggregate Industries UK Ltd market share
Breedon Aggregates Limited Breedon Aggregates Limited market share
Cemex UK Cemex UK market share
Hanson Quarry Products Europe Limited Hanson Quarry Products Europe Limited market share
Lafarge Tarmac Trading Limited Lafarge Tarmac Trading Limited market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
6.6%
Annual Growth 17-22
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Profit
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Employment
5,938
Businesses
378
Industry Analysis & Industry Trends

The Stone Quarrying industry has suffered a fair few scrapes over the recent years, since demand from the construction sector declined 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. The past five years, therefore, have largely been a period of recovery as confidence has returned and demand for construction has risen... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Stone Quarrying industry's output and revenue have risen faster than the UK economy over the past five years, owing to the rapid growth in revenue as the industry has recovered from the downturn. The value the industry adds to the overall economy is expected to increase at a compound annual rate of 5.5% over the 10 years through 2021-22, compared with compound annual GDP growth of 2.3% over the same period. Although this rate suggests that the industry is in the growth stage of its life cycle, the dramatic revenue contractions prior to 2010-11 skew the figure and it is actually in the mature stage of its life cycle. The continued robust recovery in downstream markets is likely to result in the industry growing at a faster rate than the economy over the next five years.

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Industry ProductsRelated ReportsTable of Contents

What is the Stone Quarrying Industry?

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.

Industry Products
LimestoneIgneous rockSandstoneChalkSlate
 
Industry Activities
Limestone miningIgneous rock miningSandstone mining


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