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 Investment Chapter
The Stone Quarrying industry is highly capital intensive. For every £1.00 spent on capital, approximately £1.96 is spent on wages. This is a high level of capital intensity, even in the capital-intensive mining and quarrying sector as a whole. Machinery and specialised tools, which contribute to the depreciation cost, mean that fewer employees are needed. Machinery is extensively used to crush, grade and screen stone. Specific machinery and vehicles used in the industry include excavators, backhoe loaders, dumper trucks and sifting machines.
The relatively high levels of capital expenditure also reflect the cost of establishing a new quarry or expanding an existing one. The.. purchase to read more