$22.6bn
$X.Xbn
41,079
1,056
$X.Xbn
Stoner miners are highly susceptible to infrastructure investment and general changes in construction activity. Relevant infrastructure investment has swelled in recent years, bolstering stone miner's growth throughout most of the period. The Fixing America's Surface Transportation (FAST) provided funding for highways from 2016 to 2021. A booming residential construction market in 2020 and 2021 bolstered revenue as contractors and homeowners took advantage of low-interest rates to fund projects. Even so, as interest rates spiked amid inflation, this market took a nosedive. Overall, revenue inched upward at a CAGR of 0.1% to $22.6 billion through 2024, including a 4.1% uptick in 2024 alone.
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $22.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Vulcan Materials Company | 3,309.6 | 834.7 | 25.2 | |
Martin Marietta Materials, Inc. | 2,592.5 | 655.1 | 25.3 | |
Lafargeholcim | 909.5 | 224.0 | 24.6 |
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Industry revenue is measured across several distinct product and services lines, including Crushed limestone and dolomite, Crushed granite and Crushed trap rock. Crushed limestone and dolomite is the largest segment of the Stone Mining in the US.
Volatile residential construction activity impacts the need for crushed limestone and dolomite
Operators in the Stone Mining industry develop mine sites; mine and quarry dimension stone (i.e. rough blocks or slabs of stone); mine and quarry crushed and broken stone, such as granite and limestone; or beneficiate stone by crushing, grinding, washing, screening, pulverizing and sizing.
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NAICS 21231 - Stone Mining in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The housing market experienced fluctuations throughout the period. Although low interest rates initially fueled growth during the pandemic, this momentum was curtailed by the...
Learn about an industry's products and services, markets and trends in international trade.
Housing starts bolstered the need for crushed stone amid the pandemic. Crushed limestone and dolomite have benefitted from the recent housing boom.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Great Lakes’ abundant mineral deposits and downstream manufacturing markets attract stone miners to the region. This has led to a higher concentration of business locatio...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Stone miners mainly compete based on price. A stone mine’s proximity to downstream customers considerably impacts cost, as stones are expensive to transport.
Learn about the performance of the top companies in the industry.
Only two companies have amassed more than 5.0% of the market. Vulcan and Martin Marietta's have expanded their market share in recent years by acquiring companies across the ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Stone miners must comply with federal, state and local regulations. Considerable funds get allocated to adhere to environmental regulations.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has sunk amid rising input costs. Surging steel and oil prices increased expenses associated with purchasing and operating heavy machinery.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Stone Mining in the US industry in United States is $22.6bn in 2024.
There are 1,056 businesses in the Stone Mining in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Stone Mining in the US industry in United States has been growing at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Stone Mining in the US industry in United States is expected to grow.
The biggest companies operating in the Stone Mining market in United States are Vulcan Materials Company, Martin Marietta Materials, Inc. and Lafargeholcim
Developing the mine site and mining or quarrying crushed and broken limestone and Developing the mine site and mining or quarrying crushed and broken granite are part of the Stone Mining in the US industry.
The company holding the most market share in United States is Vulcan Materials Company.
The level of competition is high and increasing in the Stone Mining in the US industry in United States.