Stepping stone: Commodity price increases will boost industry revenue

The Stone Mining industry in Canada experienced slow growth over the past five years. Poor performance in private nonresidential construction markets due in part to falling commodity prices has hampered industry growth, causing revenue declines in 2016 and 2017. However overall revenue has improved, driven by rising government expenditure on infrastructure projects and a depreciating domestic currency that helped to boost export values. Further, nonresidential construction has begun to recover, and industry revenue is forecast to return to growth in 2018. Over the five years to 2023, IBISWorld estimates that industry revenue will increase...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
3,594
Businesses
158
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has improved, driven by rising government expenditure on infrastructure projects
  • Wages have risen faster than revenue
  • Improving demand conditions are expected to maintain industry profit
  • Industry Report - Starting a New Business Chapter

    The Stone Mining industry in Canada has high barriers to entry, despite the abundant supply of low-grade raw material stone deposits across Canada. The principal barrier to the entry of new competitors is the existing relationships between the incumbent players in this industry and the major downstream customers, including manufacturers, public highway agencies and construction operators, which make it difficult for new entrants to establish a foothold in most local or regional markets. Further, the capital intensity level for this industry is very high, as significant investments must be made to purchase relevant industry machinery, which can deter potential entrants. Alt...purchase to read more.

    Additional Insights for the Stone Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Stone Mining Industry are

  • Ability to accommodate environmental requirements
  • Ability to expand and curtail operations rapidly in line with market demand
  • Ability to control total supply on market
  • IBISWorld analysts also discuss how external factors such as Demand from road and highway construction and Value of residential construction in the Stone Mining industry impact industry performance..

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    What's in this report

    What is the Stone Mining Industry?

    This industry comprises companies that 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.

    Industry Products
  • Limestone
  • Granite
  • Marble
  • Sandstone
  • Industry Activities
  • Developing the mine site and mining or quarrying crushed and broken limestone
  • Developing the mine site and mining or quarrying crushed and broken granite
  • Beneficiating (i.e. grinding or pulverizing) granite, limestone and other stone products
  • Mining granite rocks, such as gneiss, syenite and diorite
  • Mining and preparing dimension stone (e.g. rough blocks, flagstones, curbing and monumental and memorial stones)
  • Mining and quarrying aggregates (e.g. sand, gravel, slag, crushed limestone, dolomite and sandstone)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from road and highway construction
  • Value of residential construction
  • Government expenditure and investment
  • Value of nonresidential construction
  • Canadian-dollar effective exchange rate index

  • Current Performance
  • Construction activity
  • Infrastructure policy
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Infrastructure investment
  • Construction markets
  • Industry landscape
  • Trade activity
  • Table: Stone Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stone Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction In Canada
  • Homebuilders in Canada
  • Bridge & Elevated Highway Construction in Canada
  • Heavy Infrastructure Construction in Canada
  • Cement Manufacturing in Canada
  • Road & Highway Construction in Canada

  • Key Selling Industries
  • Construction & Forestry Equipment Wholesaling in Canada
  • Geophysical Services in Canada
  • Heavy Equipment Rental in Canada
  • Transportation and Warehousing In Canada

  • Products & Services
  • Limestone
  • Granite
  • Marble
  • Sandstone
  • Chart: Stone Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Infrastructure construction
  • Product manufacturing (e.g. chemicals and metallurgical)
  • Building construction and renovation
  • Other
  • Exports
  • Chart: Major Market Segmentation for the Stone Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Stone Mining

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stone Mining Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Stone Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Stone Mining Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Value of private nonresidential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aggregate
  • Any of several hard materials, such as crushed rock, sand, gravel, stone, slag, cinders or other inactive materials.
  • Crushed Stone
  • A form of construction aggregate, typically produced by mining a suitable rock deposit and breaking the removed rock down to the desired size using crushers.
  • Dimension Stone
  • A natural stone that is mined or processed for applications based on its size, shape, colour, texture, grains and strength. It is usually cut or ground to a specific shape or profile.
  • Quarry
  • A type of open-pit mine from which rock and minerals are extracted.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Stone Mining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Stone Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Stone Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Stone Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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