Natural And Manufactured Stone Products

Natural And Manufactured Stone Products

SUMMARY OF MAJOR FINDINGS

Catalina Research and Ceramic Tile and Stone Consultants has released an in-depth industry investigation on the $10.0 billion U.S. natural and manufactured stone product industry. The U.S. stone product market has been recovering at double-digit rates since 2011. The recovery is being led by the recovery in new home construction. The residential remodeling market is also benefiting from the increase in existing home sales, the rise in home prices, and improved homeowner finances. The increase in existing home sales stimulates homeowner remodeling projects and the rise in home prices is an incentive for non-movers to invest in their homes and upgrade to stone countertops and flooring. Remodelers are increasing their preference for quartz countertops. As the residential market grows in importance, stone product suppliers have increased their reliance on the home center channel. Currently, the important nonresidential market is strengthening as the U.S. recovery enters its seventh year.

STONE INDUSTRY TRENDS

Catalina Research uncovered these trends in our 230-page report on the U.S. and Canadian stone industry. Report sections cover all aspects of this industry including mines and quarries, stone product processors and fabricators, manufactured stone producers, importers, end-use markets, and installers. In the Executive Summary section, Catalina conducts a growth analysis of the U.S. supply of granite, marble and travertine, limestone, and other stone, as well as the sourcing country of origin. Catalina also provides data on rough stone and stone product price trends.

STONE INDUSTRY SHIPMENTS AND IMPORTS

This in-depth analysis has separate sections on U.S. shipments and imports of rough dimension stone, dressed or worked dimension stone, and manufactured stone (precast concrete). Each section provides dollar and quantity shipments by type of stone and type of use. In addition, import data is segmented by major country of origin.

END-USE MARKETS AND FACTORS DRIVING DEMAND

U.S. stone product industry market sales are segmented by end-use market and type of installation. End-use market sales are provided for new and remodeling residential and nonresidential markets. Sales are also broken out for stone countertops, flooring, other building products, and monuments. In addition, installer revenues were analyzed for interior and exterior stonework. An analysis of factors driving demand is provided as well. Data trends include spending on new residential and nonresidential building construction, total housing demand, housing starts and permits, average price and size of new homes, number of bathrooms per completed housing unit, homeowner remodeling spending, mortgage interest rates, and other economic and demographic trends. Home centers and other distribution channel sales of flooring and countertops are analyzed as well. Export shipments are provided by product and by major country of destination. Catalina has provided data on the Canadian market in a separate section. This section includes data on the Canadian supply of rough stone, stone products, and imports and exports.

INDUSTRY COST STRUCTURE AND PROFITABILITY

Catalina analyzed the cost structure and profitability of U.S. stone quarries, processors/fabricators. and manufactured stone producers. This analysis covers material inputs, the labor situation, and facility capital expenditures. Shipments of stone and related product working machinery are provided for U.S.- and foreign-based manufacturers.

COMPETITIVE ENVIRONMENT

Catalina evaluated the competitive environment covering the position of the over 2,100 U.S. stone product processors/fabricators, quarries, manufactured stone producers, as well as foreign-based suppliers. Catalina also profiled leading U.S. suppliers. In addition, Ceramic Tile & Stone Consultants surveyed the leading fabricators and largest importers to develop a snapshot of the top competitor characteristics, determine the products they imported, and review the customers and end-use markets they target.


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