Industry Statistics and Trends
Stone Quarrying in Europe key trends
Weak economic conditions restrict new investment in construction projects.
Inflationary pressures and interest rate hikes have increased the costs for new construction projects, restricting investment and demand for stone.
Infrastructure construction has displayed resilience.
As budgets for infrastructure projects tend to be allocated in advance, projects of this nature are less susceptible to swings in economic conditions.
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Stone Quarrying in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Stone Quarrying in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.7 % over the past five years, to reach an estimated €43.7bn in 2024.
Trends and Insights
Weak economic conditions restrict new investment in construction
- Significant inflationary pressures were caused by pandemic-induced supply chain disruptions and worsened by the Russia-Ukraine conflict. Central banks have made retaliatory hikes to the base rate of interest, increasing the cost of borrowing.
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Stone Quarrying in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Cooling inflation will aid demand from other construction markets
- As inflationary pressures cool, central banks will ease interest rates down, reducing the cost of borrowing for consumers and businesses.
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Revenue
€43.7bn
Employees
282k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Stone Quarrying in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Heidelberg Materials AG | 21,908.4 | 2,299.7 | 10.5 | |
CRH plc | 32,820.4 | 2,691.1 | 8.2 | |
Holcim Ltd | 32,527.6 | 5,331.4 | 16.4 |
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Stone Quarrying 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 Quarrying industry in Europe in 2024?
The market size of the Stone Quarrying industry in Europe is €43.7bn in 2024.
How many businesses are there in the Stone Quarrying in Europe industry in 2024?
There are 23,429 businesses in the Stone Quarrying industry in Europe, which has grown at a CAGR of 2.5 % between 2019 and 2024.
Has the Stone Quarrying industry in Europe grown or declined over the past 5 years?
The market size of the Stone Quarrying industry in Europe has been declining at a CAGR of 2.5 % between 2019 and 2024.
What is the forecast growth of the Stone Quarrying industry in Europe over the next 5 years?
Over the next five years, the Stone Quarrying industry in Europe is expected to decline.
What are the biggest companies in the Stone Quarrying market in Europe?
The biggest companies operating in the Stone Quarrying market in Europe are Heidelberg Materials AG, CRH plc and Holcim Ltd
What does the Stone Quarrying in Europe include?
Stone and Gravel are part of the Stone Quarrying industry.
Which companies have the highest market share in the Stone Quarrying in Europe?
The company holding the most market share in Europe is Heidelberg Materials AG.
Which countries have the most businesses in the Stone Quarrying industry in Europe?
The European country with the most businesses in the Stone Quarrying industry is Russia.
How competitive is the Stone Quarrying industry in Europe?
The level of competition is moderate and steady in the Stone Quarrying industry in Europe.
Related Industries
This industry is covered in 37 countries
- Stone Quarrying in Greece
- Stone Quarrying in Romania
- Stone Quarrying in Norway
- Stone Quarrying in Poland
- Stone Quarrying in Estonia
- Stone Quarrying in Bosnia & Herzegovina
- Stone Quarrying in Iceland
- Stone Quarrying in Europe
- Stone Quarrying in Austria
- Stone Quarrying in the Netherlands
- Stone Quarrying in France
- Stone Quarrying in Ireland
- Stone Quarrying in Finland
- Stone Quarrying in Bulgaria
- Stone Quarrying in Lithuania
- Stone Quarrying in Spain
- Stone Quarrying in Portugal
- Stone Quarrying in Serbia
- Stone Quarrying in Hungary
- Stone Quarrying in Switzerland
- Stone Quarrying in Czechia
- Stone Quarrying in Denmark
- Stone Quarrying in Malta
- Stone Quarrying in Slovenia
- Stone Quarrying in Russia
- Stone Quarrying in Italy
- Stone Quarrying in Croatia
- Stone Quarrying in Belgium
- Stone Quarrying in Sweden
- Stone Quarrying in Slovakia
- Stone Quarrying in Latvia
- Stone Quarrying in Luxembourg
Table of Contents
About this industry
Industry definition
Industry participants quarry stone, sand and also clay. Commodities are extracted from the earth and processed by breaking, crushing, trimming and sawing. Wetter materials, like sand and clay, are dredged.
Related Terms
SandGravelQuarryingWhat's included in this industry?
StoneGravelSandClayCompanies
Heidelberg Materials AGCRH plcHolcim LtdIndustry Code
081 - Quarrying of stone, sand and clay in Europe
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Performance
Key Takeaways
Weak economic conditions restrict new investment in construction
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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 Quarrying in Europe industry (2011 -2029)
- Employees in the Stone Quarrying in Europe industry (2011 -2029)
- Business in the Stone Quarrying in Europe industry (2011 -2029)
- Profit in the Stone Quarrying in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Stone Quarrying in Europe industry?
Outlook
Analysis
What's driving the Stone Quarrying in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Stone Quarrying in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Stone Quarrying in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Stone is the largest product segment. Various stones are used throughout a range of construction industries, supporting a wide demand base.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Stone Quarrying in Europe industry's products and services performing?
Analysis
What are innovations in the Stone Quarrying in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Stone Quarrying 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
More huge firms can use vertical integration. By vertically integrating with downstream product manufacturing, quarrying firms can increase their profitability.
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 Heidelberg Materials AG
- Countries of operation for CRH plc
- Countries of operation for Holcim Ltd
- Countries of operation for Imerys SA
- Countries of operation for Cemex, SAB de CV
- Countries of operation for Wilh Werhahn KG
- Countries of operation for Buzzi Unicem SpA
- Countries of operation for Tarmac Trading Ltd
- Countries of operation for Eurocement Group
- Countries of operation for Quarzwerke GmbH
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Quarrying firms must follow strict regulations. Regulations relating to safety and the environment must be followed due to quarrying operations' dangerous and invasive nature.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Stone Quarrying in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Operating costs are hard to reduce. When a quarry is running at, or close to full capacity, there is little that can be done to reduce operating costs, so profitability is dependent on sales.
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 Quarrying 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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