Industry Statistics and Trends
Stone Cutting, Shaping & Finishing in Europe key trends
Demand for stone cutting, shaping and finishing plummeted during the COVID-19 outbreak.
In 2020, the COVID-19 outbreak brought construction activity to a halt, hitting revenue growth.
Supply chain disruptions weigh on profitability.
Since the COVID-19 outbreak, stone cutters, shapers and finishers have contended with inflationary pressures, a soaring demand outstripped supply during the gradual reopening of the economy.
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Stone Cutting, Shaping & Finishing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Stone Cutting, Shaping & Finishing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.9 % over the past five years, to reach an estimated €21.0bn in 2024.
Trends and Insights
The COVID-19 outbreak brought the construction sector to a halt
- During 2020, demand for stone cutting, shaping and finishing plummeted as COVID-19 lockdown restrictions brought construction activity to a halt. Manufacturers were also forced to operate at a limited capacity amid social distancing measures, weighing on revenue growth.
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Stone Cutting, Shaping & Finishing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Subsiding inflationary and economic pressures in the EU will support revenue growth
- Inflationary pressures are set to subside in the short term, allowing central banks to loosen monetary policy. This will result in lower borrowing costs, driving people to crack on with construction projects and supporting demand.
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Revenue
€21.0bn
Employees
241k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Stone Cutting, Shaping & Finishing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Cosentino SA | 2,004.6 | 299.0 | 14.9 | |
Imerys SA | 4,454.5 | 458.1 | 10.3 | |
Mohawk Industries Inc | 11,932.0 | 271.2 | 2.3 |
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Stone Cutting, Shaping & Finishing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Stone Cutting, Shaping & Finishing industry in Europe in 2024?
The market size of the Stone Cutting, Shaping & Finishing industry in Europe is €21.0bn in 2024.
How many businesses are there in the Stone Cutting, Shaping & Finishing in Europe industry in 2024?
There are 53,603 businesses in the Stone Cutting, Shaping & Finishing industry in Europe, which has grown at a CAGR of 1.7 % between 2019 and 2024.
Has the Stone Cutting, Shaping & Finishing industry in Europe grown or declined over the past 5 years?
The market size of the Stone Cutting, Shaping & Finishing industry in Europe has been declining at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Stone Cutting, Shaping & Finishing industry in Europe over the next 5 years?
Over the next five years, the Stone Cutting, Shaping & Finishing industry in Europe is expected to decline.
What are the biggest companies in the Stone Cutting, Shaping & Finishing market in Europe?
The biggest companies operating in the Stone Cutting, Shaping & Finishing market in Europe are Cosentino SA, Imerys SA and Mohawk Industries Inc
What does the Stone Cutting, Shaping & Finishing in Europe include?
Worktops and other household interiors and Paving slabs, setts, kerbstones and flagstones are part of the Stone Cutting, Shaping & Finishing industry.
Which companies have the highest market share in the Stone Cutting, Shaping & Finishing in Europe?
The company holding the most market share in Europe is Cosentino SA.
Which countries have the most businesses in the Stone Cutting, Shaping & Finishing industry in Europe?
The European country with the most businesses in the Stone Cutting, Shaping & Finishing industry is Turkey.
How competitive is the Stone Cutting, Shaping & Finishing industry in Europe?
The level of competition is moderate and increasing in the Stone Cutting, Shaping & Finishing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Stone Cutting, Shaping & Finishing in Greece
- Stone Cutting, Shaping & Finishing in Romania
- Stone Cutting, Shaping & Finishing in Norway
- Stone Cutting, Shaping & Finishing in Hungary
- Stone Cutting, Shaping & Finishing in Denmark
- Stone Cutting, Shaping & Finishing in Poland
- Stone Cutting, Shaping & Finishing in Malta
- Stone Cutting, Shaping & Finishing in Croatia
- Stone Cutting, Shaping & Finishing in Slovenia
- Stone Cutting, Shaping & Finishing in Austria
- Stone Cutting, Shaping & Finishing in France
- Stone Cutting, Shaping & Finishing in Lithuania
- Stone Cutting, Shaping & Finishing in the Netherlands
- Stone Cutting, Shaping & Finishing in Italy
- Stone Cutting, Shaping & Finishing in Sweden
- Stone Cutting, Shaping & Finishing in Germany
- Stone Cutting, Shaping & Finishing in Latvia
- Stone Cutting, Shaping & Finishing in Bosnia & Herzegovina
- Stone Cutting, Shaping & Finishing in Luxembourg
- Stone Cutting, Shaping & Finishing in Russia
- Stone Cutting, Shaping & Finishing in Slovakia
- Stone Cutting, Shaping & Finishing in Switzerland
- Stone Cutting, Shaping & Finishing in Turkey
- Stone Cutting, Shaping & Finishing in Ireland
- Stone Cutting, Shaping & Finishing in Finland
- Stone Cutting, Shaping & Finishing in Bulgaria
- Stone Cutting, Shaping & Finishing in Spain
- Stone Cutting, Shaping & Finishing in Portugal
- Stone Cutting, Shaping & Finishing in Serbia
- Stone Cutting, Shaping & Finishing in Belgium
- Stone Cutting, Shaping & Finishing in Czechia
- Stone Cutting, Shaping & Finishing in Cyprus
- Stone Cutting, Shaping & Finishing in Estonia
- Stone Cutting, Shaping & Finishing in Iceland
- Stone Cutting, Shaping & Finishing in Europe
Table of Contents
About this industry
Industry definition
Firms in this industry cut, shape and finish rough-hewn stone used in construction and building, cemeteries, on the road like paving slabs and flagstones; and roofing. The industry doesn’t include the production of rough-cut stone, nor the production of abrasive stones.
Related Terms
KERBSTONE FLAGSTONE STONE CLADDINGWhat's included in this industry?
Worktops and other household interiorsPaving slabs, setts, kerbstones and flagstonesStructural building stoneDecorative stone claddingRoofingCompanies
Cosentino SAImerys SAMohawk Industries IncIndustry Code
2396 - Cutting, shaping and finishing of stone in Europe
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Performance
Key Takeaways
The COVID-19 outbreak brought the construction sector to a halt
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Stone Cutting, Shaping & Finishing in Europe industry (2011 -2029)
- Employees in the Stone Cutting, Shaping & Finishing in Europe industry (2011 -2029)
- Business in the Stone Cutting, Shaping & Finishing in Europe industry (2011 -2029)
- Profit in the Stone Cutting, Shaping & Finishing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Stone Cutting, Shaping & Finishing in Europe industry?
Outlook
Analysis
What's driving the Stone Cutting, Shaping & Finishing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Stone Cutting, Shaping & Finishing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Stone Cutting, Shaping & Finishing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
A growing shift towards sustainability threatens demand for structural building stone. Buyers are opting for materials with better energy retention characteristics, like glass.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Stone Cutting, Shaping & Finishing in Europe industry's products and services performing?
Analysis
What are innovations in the Stone Cutting, Shaping & Finishing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Stone Cutting, Shaping & Finishing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The majority of stone cutters, shapers and finishers operate on a local basis, as uncut stone is heavy and tricky to transport. This means they are typically located close to local quarries.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Cosentino SA
- Countries of operation for Imerys SA
- Countries of operation for Mohawk Industries Inc
- Countries of operation for Levantina Group
- Countries of operation for Strabag SE
- Countries of operation for Holcim Ltd
- Countries of operation for Rösler Oberflächentechnik GmbH
- Countries of operation for Cupa Group
- Countries of operation for Marshalls plc
- Countries of operation for Stone Italiana SpA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulation is light in the industry. It mainly pertains to vertically integrated stonecutters regarding mineral extraction, sustainable development and environmental protection.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Stone Cutting, Shaping & Finishing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Inflationary pressures weigh on profitability. Stone cutters have contended with severe supply chain disruptions in recent years, ratcheting up purchase costs.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Stone Cutting, Shaping & Finishing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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