Global Stone Processing Machines Market 2017-2021
About Stone Processing Machines
Stone processing machines are used for processing natural stones, such as marble and granite, to produce the desired shape, size, quality, and finish of the product, with the highest form of precision and accuracy. There are several types of stone processing machines, such as computer numerical control (CNC) bridge saws, work centers, cutting centers, shaping and milling machines, waterjet cutting machine, and polishing machines. These machines incorporate flexibility in the production line to perform varied operations.
Technavio’s analysts forecast the global stone processing machines market to grow at a CAGR of 4.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global stone processing machines market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Stone Processing Machines Market 2017-2021
Technavio recognizes the following companies as the key players in the global stone processing machines market: Biesse Group, Breton, DONATONI MACCHINE, SCM Group.
Other Prominent Vendors in the market are: Gaspari Menotti, Prussiani Engineering, Thibaut, and Yonani Industries.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation in stone processing machines. Technological advances help create better stone processing machines as they are manufactured with more precision, quality, and speed. Various stone processing machine manufacturers are investing in R&D to offer innovative products to various end-users, thereby spurring the demand for stone processing machines globally.”
According to the report, one driver in the market is growing preference for natural stone. Most residential and commercial building owners have shied away from using synthetic building materials to reduce carbon footprint. This has led to the growth in demand for natural stones, such as marble and granite, in commercial and residential construction projects. It is expected that the number of commercial buildings, such as office space, hotels, hospitals, and recreation centers, is likely to grow significantly during the forecast period. Similarly, the rise in new residential construction projects, driven by eco-conscious millennials that prefer natural stones to synthetic stones, is expected to drive the demand for stone processing machines.
Further, the report states that one challenge in the market is shortage of skilled labor and increasing labor cost. Granite processing or marble processing requires skilled manpower as understanding the patterns and joints present in stones is of crucial importance. Developing countries, such as India, are witnessing the shortage of skilled labor. As per the Government of India's survey, in 2017, the present skilled workforce constituted only 2% of the overall workforce in the country. The lack of skilled manpower will eventually lead to increased labor costs, thereby increasing the cost of production in the stone processing sector. In addition, the shortage of skilled labor will result in low manpower productivity.
Biesse Group, Breton, DONATONI MACCHINE, SCM Group, Gaspari Menotti, Prussiani Engineering, Thibaut, and Yonani Industries.
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