Stone Mining in Canada
The Stone Mining industry in Canada experienced slow growth over the past five years. Poor performance in private nonresidential construction markets due in part to falling commodity prices has hampered industry growth, causing revenue declines in 2016 and 2017. However overall revenue has improved, driven by rising government expenditure on infrastructure projects and a depreciating domestic currency that helped to boost export values. Further, nonresidential construction has begun to recover, and industry revenue is forecast to return to growth in 2018. Over the five years to 2023, IBISWorld estimates that industry revenue will increase. The industry will benefit from improving private nonresidential construction markets, as commodity prices are forecast to increase, prompting increased investment from businesses.
This industry comprises companies that develop mine sites; mine and quarry dimension stone (i.e. rough blocks or slabs of stone); mine and quarry crushed and broken stone, such as granite and limestone; or beneficiate stone by crushing, grinding, washing, screening, pulverizing and sizing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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