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Various companies are investing heavily for the construction of office buildings, data centers, universities and malls and have increased the demand for stones in construction sector. This has led to upsurge in demand for stone processing process. Technavio’s market research report has identified growth in construction sector as one of the primary factors that will fuel the growth of the stone processing machines market in the coming years. Several emerging construction projects will drive the market positively. Owing to the increasing demand for smart cities in the developing economies, the stone processing machinery market is set to witness huge growth during the forecast period. Our market research analysts estimate that this market will grow steadily at a CAGR close to 5% by 2021.
Green building concept is one of the key trends contributing towards the stone processing machines market. Several companies across the world is demanding for the construction of green buildings which is increasing the demand for natural stones which are earth-friendly. Natural stones exhibits several features like enduring life-cycle, durability, easy maintenance, and recyclability. Green buildings use natural stones for flooring and the natural stones attributes embodied energy, high thermal capacity, increased durability, and easy availability.
The stone processing machine market is fragmented due to the presence of few established players, regional players, and local players. To sustain the competitive environment, the vendors in the market are focusing on product launches, expansions, and strategic acquisitions. Moreover, the vendors are trying to expand their geographic presence to remain competitive in the stone processing machinery market.
The leading vendors in the market are-
The other prominent vendors in the market are Gaspari Menotti, Prussiani Engineering, Thibaut, and Yonani Industries
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During 2016, the commercial building segment accounted for the major shares of the stone processing machine market. Owing to the increasing investments by the companies, the construction sector is witnessing healthy growth. Moreover, emerging economies such as China and India are investing heavily in smart cities, which will trigger the growth of the stone processing machinery market in the next five years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the stone processing machine market throughout the forecast period. Owing to the increasing investment in the development of commercial and residential sector, this region is set to witness humungous growth in the stone processing machinery market during the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY TECHNOLOGY
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
PART 11: REGIONAL LANDSCAPE
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
PART 17: APPENDIX
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