Carving out growth: Rising demand from a resilient construction sector supported growth

Operators in the Stone Quarrying industry predominantly mine for limestone, sandstone and igneous rock. Industry products are largely used directly in construction, or by downstream manufacturing industries that produce construction products. As a result, industry performance is significantly affected by the level of construction activity in the United Kingdom. A small portion of quarried stone is sold to industrial users.The industry has grown strongly over the five years through 2017-18. Government initiatives such as the Help-to-Buy scheme and major infrastructure projects supported construction activity and increased demand for industry products. As a result, IBISWorld expects that industry revenue will grow at a compound annual rate of 10.2%...read more.

Industry Statistics & Market Size
Revenue
£1.8bn
Annual Growth 13-18
10.2%
Forecast Growth 18-23
Profit
Employment
6,590
Businesses
237

Industry Threats & Opportunities

  • Industry revenue growth has been buoyed by strong performance at the start of the period
  • Many operators have undertaken consolidation or restricting activity over the past five years
  • Companies that have streamlined operations are better placed to withstand rises to the Aggregates Levy
  • Industry Report - Industry Products Chapter

    LimestoneLimestone occurs in many forms throughout the United Kingdom. As a result, it is estimated to account for 49.9% of industry revenue in 2017-18. Limestone is a hard stone composed primarily of calcium carbonate combined with other minerals. In the form of blocks, it can be used as a building material in its own right, and it is also a primary ingredient in the manufacture of cement. Limestone also has value for industrial uses.Bath, Portland and Cotswold stone are popular and common types of limestone used to construct and renovate buildings. The limestone found in Derbyshire is flat-lying and noted for is chemical uniformity. This makes it ideal for industrial use. Lim...purchase to read more.

    Additional Insights for the Stone Quarrying Industry

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

  • Ability to accommodate environmental requirements
  • Access to high quality inputs
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Household expenditure on maintenance and repair in the Stone Quarrying industry impact industry performance..

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    What's in this report

    What is the Stone Quarrying Industry?

    Firms in this industry mine ornamental building stone such as granite, limestone and sandstone, in addition to gypsum, anhydrite, chalk, uncalcined dolomite and slate. Operators break, crush, roughly trim and saw each type of stone. The industry excludes chemical and fertiliser mineral mining (see IBISWorld report B08.910), the production of calcined dolomite and the finishing of stone outside quarry sites.

    Industry Products
  • Limestone
  • Igneous rock
  • Sandstone
  • Chalk
  • Slate
  • Industry Activities
  • Limestone mining
  • Igneous rock mining
  • Sandstone mining
  • 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 residential building construction
  • Household expenditure on maintenance and repair
  • Total value of construction
  • Demand from stone cutting, shaping and finishing
  • Demand from cement manufacturing
  • Demand from road and motorway construction

  • Current Performance
  • Carving out demand
  • Restructuring activity
  • Aggregates Levy
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction and confidence
  • Streamlined future
  • Developing quarries
  • Table: Stone Quarrying Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Cement Manufacturing
  • Stone Cutting, Shaping & Finishing
  • Commercial Building Construction
  • Residential Building Construction
  • Road & Motorway Construction

  • Key Selling Industries
  • Fuels, Industrial Chemicals & Metals Agents
  • Mining, Construction & Civil Engineering Machinery Wholesaling

  • Products & Services
  • Limestone
  • Igneous rock
  • Sandstone
  • Chalk
  • Slate
  • Chart: Stone Quarrying Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Building and restoration companies
  • Road construction firms
  • Concrete and cement producers
  • Finishing, shaping and cutting companies
  • Industrial users
  • Chart: Major Market Segmentation for the Stone Quarrying Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationUtilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Stone Quarrying

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

  • Industry Globalization
    Tarmac Trading Ltd, Hanson Quarry Products Europe Limited, Cemex UK Operations Ltd, Aggregate Industries UK Ltd, Breedon Group plc,
  • Table: Tarmac Trading Ltd - financial performance
  • Table: Hanson Quarry Products Europe Limited - financial performance
  • Table: Cemex UK Operations Ltd - financial performance
  • Table: Aggregate Industries UK Ltd - financial performance
  • Table: Breedon Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Stone Quarrying 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 Quarrying 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)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Igneous Rock
  • Rock formed from volcanic activity, such as granite.
  • Limestone
  • A sedimentary rock consisting mainly of calcium, typically the remains of marine creatures.
  • Sandstone
  • A sedimentary rock consisting of sand held together with natural cement, such as clay or quartz.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Stone Quarrying market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Stone Quarrying:
    • 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 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 Quarrying 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 Quarrying, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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