India marble market is anticipated to witness significant growth in the coming years on account of growing utilization of marble for interior decoration of structures in hotels, temples, churches, among others. Nowadays, consumer preference for marble is witnessing an increase across the country. Marble is a rock formed by the metamorphism of calcite with other impurities such as quartz, graphite, mica, clay, among others. India is among the world’s top ten producers of marble with yellow marble being most prevalent in the country. Implementation of new liberalization policies in 2016 has reduced several norms and restrictions on setting up marble factory as well as on importing marble in the country, which is positively impacting the market.
Marble market can be segregated based on type, form, color, source, application and region. In terms of application, market can be segmented into construction, architecture, industrial, among others. Construction segment dominated the marble market and the trend is expected to continue during the forecast period on account of increasing construction activities and growing use of marble in applications such as flooring, stairs, platforms, pavements, among others. Based on form, market can be bifurcated into slab and powder. Slab is the leading segment in the marble market as it is used for making blocks and tiles.
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Marble industry in India is highly fragmented with a huge number of domestic as well as multinational players operating in the market. Major marble players operating in India include Stonex India Pvt. Ltd., A Class Marble India Pvt Ltd, Inani Marbles & Industries Limited, Durga Marble And Minerals, AGL Marble & Quartz, among others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of India marble market.
- To classify and forecast India marble market based on type, form, color, source, application and regional distribution.
- To identify drivers and challenges for India marble market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India marble market.
- To conduct the pricing analysis for India marble market.
- To identify and analyze the profile of leading players operating in India marble market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies operating across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
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TechSci Research calculated the market size of India marble market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Marble companies, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to marble market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India marble market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
Market, By Form:
Market, By Color:
Market, By Source:
Market, By Application:
Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India marble market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).