DUBLIN, Feb. 16, 2018 /PRNewswire/ --
The "Global Stone Processing Machines Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global stone processing machines market to grow at a CAGR of 4.58% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is innovation in stone processing machines. Technological advances help create better stone processing machines as they are manufactured with more precision, quality, and speed. Various stone processing machine manufacturers are investing in R&D to offer innovative products to various end-users, thereby spurring the demand for stone processing machines globally.
According to the report, one driver in the market is growing preference for natural stone. Most residential and commercial building owners have shied away from using synthetic building materials to reduce carbon footprint. This has led to the growth in demand for natural stones, such as marble and granite, in commercial and residential construction projects. It is expected that the number of commercial buildings, such as office space, hotels, hospitals, and recreation centers, is likely to grow significantly during the forecast period. Similarly, the rise in new residential construction projects, driven by eco-conscious millennials that prefer natural stones to synthetic stones, is expected to drive the demand for stone processing machines.
Further, the report states that one challenge in the market is shortage of skilled labor and increasing labor cost. Granite processing or marble processing requires skilled manpower as understanding the patterns and joints present in stones is of crucial importance. Developing countries, such as India, are witnessing the shortage of skilled labor. As per the Government of India's survey, in 2017, the present skilled workforce constituted only 2% of the overall workforce in the country. The lack of skilled manpower will eventually lead to increased labor costs, thereby increasing the cost of production in the stone processing sector. In addition, the shortage of skilled labor will result in low manpower productivity.
Key Vendors
- Biesse Group
- Breton
- DONATONI MACCHINE
- SCM Group
Other Prominent Vendors
- Gaspari Menotti
- Prussiani Engineering
- Thibaut
- Yonani Industries
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Technology
Part 09: Customer Landscape
Part 10: Market Segmentation by End-User
Part 11: Regional Landscape
Part 12: Decision Framework
Part 13: Drivers and Challenges
Part 14: Market Trends
Part 15: Vendor Landscape
Part 16: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6dnxvp/global_stone?w=5
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SOURCE Research and Markets
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