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Global Granite Market Size, Share, Analysis, Forecast: By Product: Granite Slabs, Granite Tiles, Others; By Application: Kitchen Counterparts, Flooring, Stair Treads, Monuments, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Granite Market Outlook
The global granite market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. The market is being driven by the robust growth of the construction sector in both developing and developed countries.
Key Trends in the Global Granite Market
Granite refers to an intrusive igneous rock formed by the cooling of molten magma inside the earth. This material is rich in quartz and feldspar and is recognised for its hardness, durability, and resistance to weathering, among other properties.
- Granite is a popular and highly preferred construction material witnessing a heightened demand across the building and construction sector. It improves the structural integrity of washrooms and kitchens and provides them with a sophisticated appeal.
- Granite has been traditionally used in monuments, bridges, staircases, and sculptures, among others. It also posits various favourable properties, including toughness, scratch resistance, durability, and aesthetic appearance. In this regard, rising investments towards modern architecture and infrastructural development are crucial granite market trends.
- An increase in the demand for granite in the commercial construction sector to facilitate innovations in the patterns and increase the aesthetics of interiors of structures is further bolstering the market growth.
Global Granite Market Analysis
Based on product, the granite market segmentations include granite slabs, and granite tiles, among others. On the basis of application, the market is classified into kitchen counterparts, flooring, stair treads, and monuments, among others. The major regional markets for granite include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global granite market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Marcolini Marmi S.p.A
- Levantina y Asociados de Minerales, S.A.
- George Home Group Inc.
- Arizona Tile, L.L.C.
- AbleGroup Berhad
- LandFord Stone Ltd.
- AG Marble & Granite
- Temmer Marble
- Amarestone
- MDY
- Others
Global Granite Market Share by Product
Granite tiles account for a significant portion of the granite market share. This can be attributed to the increasing demand for granite tiles to produce granite floorings. Granite tiles provide resistance to moisture, have anti-stain properties, and boast high aesthetic appeal. Hence, their increasing demand in the residential and commercial sectors is driving the granite market demand.
Moreover, granite tiles are available in different colour variants, enhance the property’s value, and are moisture and water-resistant, which is further bolstering the growth of this segment.
Global Granite Market Share by Region
According to the granite market analysis, the Asia Pacific holds a decent share of the market. China is one of the largest producers of granite while emerging economies like India are home to well-established granite manufacturing firms. The availability of low-cost and highly skilled labour, coupled with rising standards of living, is driving the demand for granite in infrastructure development activities in the region.
Competitive Landscape
Marcolini Marmi S.p.A is a company which manufactures high-quality unique products such as marble, granite, onyx, and stone, among others. It was founded in 1960 and is headquartered in Grezzana, Italy.
Levantina y Asociados de Minerales, S.A. is a building materials supplier, which offers products such as granite, limestone, sandstone, and marble, among others. It was established in 1959 and is headquartered in Costa Blanca, Spain.
Arizona Tile, L.L.C is a company which offers products for home construction. Its product range is diverse, including tiles to stones made up of unique materials like granite and ceramic, among others. The company was founded in 1977 and is headquartered in Arizona, the United States.
Other granite market players include George Home Group Inc., AbleGroup Berhad, LandFord Stone Ltd., AG Marble & Granite, Temmer Marble, Amarestone, and MDY, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Granite Market Analysis
8.1 Key Industry Highlights
8.2 Global Granite Historical Market (2018-2023)
8.3 Global Granite Market Forecast (2024-2032)
8.4 Global Granite Market by Product
8.4.1 Granite Slabs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Granite Tiles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Granite Market by Application
8.5.1 Kitchen Counterparts
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flooring
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Stair Treads
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Monuments
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Granite Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Granite Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Granite Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Granite Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Granite Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Granite Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 2516)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Marcolini Marmi S.p.A
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Levantina y Asociados de Minerales, S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 George Home Group Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Arizona Tile, L.L.C.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AbleGroup Berhad
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 LandFord Stone Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 AG Marble & Granite
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Temmer Marble
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Amarestone
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 MDY
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Granite Market: Key Industry Highlights, 2018 and 2032
2. Global Granite Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Granite Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Granite Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Granite Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Granite Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Granite Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Granite Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Granite Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Granite Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Granite Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Granite Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Granite Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Granite Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Granite Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Granite Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Granite Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Granite Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.2% between 2024 and 2032.
The heightened demand for granite across the building and construction sector, rising standards of living, and rapid development of modern architecture are the major drivers of the market.
The key trends in the market include the anticipated increase in demand for granite in the commercial construction sector and the growing awareness regarding the benefits of granite tiles.
The major regions in the market are North America, Europe, Latin America, the Middle East and Africa, and the Asia Pacific.
Granite slabs, and granite tiles, among others, are the different products considered in the market report.
Kitchen counterparts, flooring, stair treads, and monuments, among others, are the major applications of granite.
Marcolini Marmi S.p.A, Levantina y Asociados de Minerales, S.A., George Home Group Inc., Arizona Tile, L.L.C., AbleGroup Berhad, LandFord Stone Ltd., AG Marble & Granite, Temmer Marble, Amarestone, and MDY, among others, are the key granite market players.
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