Crushed Stones Market Report 2025

The crushed stones market size has grown strongly in recent years. It will grow from $4.45 billion in 2024 to $4.83 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to construction industry demand, infrastructure development, railway ballast, landscaping and decorative use, economic growth and urbanization.

The crushed stones market size is expected to see strong growth in the next few years. It will grow to $6.61 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global infrastructure projects, renewable energy construction, continued construction industry growth, smart cities development, residential and commercial construction. Major trends in the forecast period include e-commerce and digital platforms in aggregates trade, rising use of crushed stones in landscaping, innovations in aggregate product development, market expansion in developing regions, strategic alliances for resource optimization.

The increasing investments in infrastructure development are anticipated to boost the growth of the crushed stone market. Infrastructure development involves the planning, designing, financing, constructing, and maintaining of physical and organizational structures and facilities that are vital for the functioning of society or the economy. Crushed stone plays a crucial role in infrastructure development by serving as a robust base material for the construction of roads, highways, bridges, and drainage systems, thanks to its stability, strength, and cost-effectiveness. For example, in April 2023, the World Bank, a US-based international financial institution, reported that infrastructure investments in low- and middle-income countries exhibited a steady recovery in 2022. Private participation in infrastructure (PPI) investments reached $91.7 billion across 263 projects, marking a significant 23% increase compared to 2021. Consequently, the growing investments in infrastructure development will propel the growth of the crushed stone market.

Anticipated expansion in the crushed stone market is linked to the growing demand for concrete materials in the upcoming years. Concrete materials, constituting various elements used in concrete manufacturing, play a pivotal role in construction. Crushed stones, also referred to as aggregates, are essential components in concrete, serving as the foundational material for this versatile construction substance. They contribute strength, stability, and texture to concrete, influencing its overall performance and aesthetic. As of August 2023, based on data from the UK Department for Business and Trade, ready-mixed concrete sales experienced a 9.6% increase in the first quarter of 2023 compared to the preceding quarter of 2022, underscoring the surging demand for concrete materials that propels the crushed stone market.

The adoption of Precision Surface Excavation Machines is on the rise due to their ability to reduce noise and pollution, particularly in environmentally sensitive areas. These machines employ a slicing drum to mechanically unearth materials, presenting advantages over traditional drilling and blasting methods, aligning with key trends observed in the global crushed stone mining market.

Leading companies in the crushed stone market are placing emphasis on strategic collaboration to deliver dependable services to customers. Strategic collaboration involves mutually beneficial partnerships between independent entities working together to achieve shared goals in alignment with their individual strategic objectives. For instance, in December 2022, Caterpillar Inc., a US-based manufacturing company specializing in mining, construction, and other engineering equipment, announced a partnership with Luck Stone, a US-based manufacturing company of sand, crushed stones, and gravel. This collaboration allows Caterpillar to gain a deeper understanding of quarry operations, enabling the customization of the next generation of autonomous solutions for quarry and aggregate applications. The project promotes the swift development of autonomous technology, particularly in activities involving fewer mobile assets, fostering a significant enhancement in safety and productivity, mirroring trends observed in major mining operations.

Major companies operating in the crushed stones market include CRH plc, Holcim Group, Cemax S.A.B. de C.V., Vulcan Materials Company, Martin Marietta Materials Inc., Lehigh Hanson Inc., Buzzi Unicem USA Inc., Granite Construction Inc., Lhoist North America Inc., Summit Materials LLC, Luck Stone Corporation, Hanson Aggregates Limited, The Shelly Co., Ash Grove Cement Company, Carmeuse Lime & Stone Inc., The H&K Group Inc., Dolese Bros. Co., Rogers Group Inc., HeidelbergCement AG, Vecellio & Grogan Inc., York Building Products Co. Inc., New Enterprise Stone & Lime Company Inc., Tilcon New York Inc., The Kraemer Company, Wendling Quarries Inc., National Lime and Stone Company, Boxley Materials Company, Eucon Corporation, Bluegrass Materials Company, Mulzer Crushed Stone Inc.

Western Europe was the largest region in the crushed stones market in 2024. The regions covered in the crushed stones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the crushed stones market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The crushed and broken stone mining and quarrying market includes revenues earned by entities by constructing or building roads and getting used in chemical applications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Crushed and broken stone mining and quarrying involve the extraction of crushed and broken stone through mining and quarrying processes. Crushed stone finds applications in concrete aggregate and serves as a flux in blast furnaces. The quarrying process involves breaking apart rock through drilling and blasting.

The primary categories within crushed and broken stone mining and quarrying encompass limestone mining, granite mining, and other types of crushed stone mining. In the context of limestone mining, it specifically refers to operations where the principal resource mined is the primary calcium or magnesium carbonate. This includes materials such as shell and coquina, along with the associated processing facility, water control system, and settling ponds. Mining methods include both underground mining and surface mining.

The crushed stones market research report is one of a series of new reports that provides crushed stones market statistics, including crushed stones industry global market size, regional shares, competitors with a crushed stones market share, detailed crushed stones market segments, market trends and opportunities, and any further data you may need to thrive in the crushed stones industry. This crushed stones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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