$2.3bn
$XXX.Xm
6,478
582
$XXX.Xm
Sand and gravel mining companies have experienced various hurdles amid economic uncertainty. Oil and gas extractors use certain products as part of the hydraulic fracturing process through which oil and gas are recovered from shale rock. Fluctuating commodity prices caused industrial sand prices to swing back and forth, with massive hikes after the pandemic. Even so, production volumes and uncertainty from vital downstream markets caused dips in sales. Overall, revenue is set to slip at a CAGR of 1.2% to $2.3 billion through 2024, including a 0.1% hike in 2024 alone, where profit is set to reach 7.0% of revenue.
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $2.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
CRH Canada | 412.1 | 52.2 | 12.7 | |
Heidelberg Materials | 306.7 | 45.7 | 14.9 |
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Sand & Gravel Mining in Canada
Industry revenue is measured across several distinct product and services lines, including Construction sand and gravel, Industrial sand and Shale and clay minerals. Construction sand and gravel is the largest segment of the Sand & Gravel Mining in Canada.
Soaring demand for sand and gravel from construction markets
The Sand and Gravel Mining industry in Canada mines or quarries sand and gravel, clays, ceramic and refractory minerals. Industry operators may also wash, screen and otherwise prepare the mined sand, gravel and clays.
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NAICS 212323 - Sand & Gravel Mining in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Including values and annual change:
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Key data sources in Canada 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 Sand & Gravel Mining industry in Canada is $2.3bn in 2024.
There are 582 businesses in the Sand & Gravel Mining industry in Canada, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Sand & Gravel Mining industry in Canada has been declining at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Sand & Gravel Mining industry in Canada is expected to grow.
The biggest companies operating in the Sand & Gravel Mining market in Canada are CRH Canada and Heidelberg Materials
Operating sand and gravel pits and Dredging for sand and gravel are part of the Sand & Gravel Mining industry.
The company holding the most market share in Canada is CRH Canada.
The level of competition is high and increasing in the Sand & Gravel Mining industry in Canada.