India Stones Mining & Quarrying Market (2025-2031) Outlook | Analysis, Size, Industry, Revenue, Growth, Trends, Value, Forecast, Companies & Share

Market Forecast By Type (Dimension Stone Mining (Dimension Stones), Crushed Stone Mining (Crushed Stones)), By Organization Size (Large Enterprises, Small & Medium Enterprises) And Competitive Landscape
Product Code: ETC307104 Publication Date: Aug 2022 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Stones Mining & Quarrying Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s stones mining & quarrying import shipments in 2024 saw a notable shift in the concentration of top exporting countries, with Norway, South Africa, Ukraine, Brazil, and Angola leading the pack. The Herfindahl-Hirschman Index (HHI) indicated a move from high to moderate concentration, signaling a more diversified import market. Despite a slight overall growth with a CAGR of 0.84 from 2020 to 2024, there was a decline in growth rate from 2023 to 2024 at -9.53%. This data suggests a changing landscape in India`s import market for stones mining and quarrying products.

India Stones Mining & Quarrying Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Stones Mining Quarrying Market Synopsis

The India stones mining quarrying market size grew 2X times since 2014 touching an estimate worth $858 million by 2025 despite mild disruptions due to lockdown caused coronavirus pandemic It is anticipated register robust CAGR 7 6 during 2025 2031 driven expanding construction activities These materials used producing gravel

Drivers of the market

The stones mining quarrying market in India is projected to experience steady growth in the foreseeable future. Stones such as granite, marble, limestone, and sandstone are extensively used in construction and infrastructure development projects. With the rapid urbanization and industrialization in India, the demand for stones is expected to rise. Furthermore, the government`s focus on infrastructure development, housing projects, and smart cities is likely to drive the growth of the stones mining quarrying market.

Challenges of the Market

The India stones mining quarrying market confronts challenges associated with sustainable quarrying practices and environmental concerns. Balancing the demand for natural stones with responsible mining practices and land reclamation will be essential to ensure the long-term viability of the industry.

Covid-19 Impact on the Market

The India stones mining quarrying market is a significant contributor to the construction and infrastructure sectors, providing essential raw materials like stones, gravel, and aggregates. The market had been witnessing growth due to the increasing demand for construction and infrastructure development projects. However, the COVID-19 pandemic led to disruptions in construction activities, affecting the demand for stones and aggregates. The restrictions on movement and logistical challenges impacted mining operations. As construction activities resume and infrastructure projects gain momentum post-pandemic, the stones mining quarrying market is expected to recover.

Key Players of the Market

The India stones mining quarrying market is witnessing growth due to the increasing demand for construction materials and infrastructure development in the country. Stone mining and quarrying activities are vital for sourcing raw materials for construction projects. Key players in this market include Hindustan Zinc Ltd., UltraTech Cement Ltd., ACC Ltd., and Ambuja Cements Ltd., among others. These key players have a dominant position in the India stones mining quarrying market and contribute significantly to the construction sector.

Key Highlights of the Report:

  • India Stones Mining & Quarrying Market Outlook
  • Market Size of India Stones Mining & Quarrying Market, 2024
  • Forecast of India Stones Mining & Quarrying Market, 2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Revenues & Volume for the Period 2021-2031
  • India Stones Mining & Quarrying Market Trend Evolution
  • India Stones Mining & Quarrying Market Drivers and Challenges
  • India Stones Mining & Quarrying Price Trends
  • India Stones Mining & Quarrying Porter's Five Forces
  • India Stones Mining & Quarrying Industry Life Cycle
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Dimension Stone Mining (Dimension Stones) for the Period 2021-2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Crushed Stone Mining (Crushed Stones) for the Period 2021-2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Organization Size for the Period 2021-2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Large Enterprises for the Period 2021-2031
  • Historical Data and Forecast of India Stones Mining & Quarrying Market Revenues & Volume By Small & Medium Enterprises for the Period 2021-2031
  • India Stones Mining & Quarrying Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Organization Size
  • India Stones Mining & Quarrying Top Companies Market Share
  • India Stones Mining & Quarrying Competitive Benchmarking By Technical and Operational Parameters
  • India Stones Mining & Quarrying Company Profiles
  • India Stones Mining & Quarrying Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Stones Mining & Quarrying Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Stones Mining & Quarrying Market Revenues & Volume, 2021 & 2031F

3.3 India Stones Mining & Quarrying Market - Industry Life Cycle

3.4 India Stones Mining & Quarrying Market - Porter's Five Forces

3.5 India Stones Mining & Quarrying Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 India Stones Mining & Quarrying Market Revenues & Volume Share, By Organization Size, 2021 & 2031F

4 India Stones Mining & Quarrying Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing infrastructure development projects in India leading to a higher demand for stones.

4.2.2 Growing urbanization and population, driving the need for construction materials.

4.2.3 Government initiatives and investments in the mining sector to boost production and efficiency.

4.3 Market Restraints

4.3.1 Environmental regulations and concerns impacting mining operations.

4.3.2 Lack of modern technology and equipment hindering productivity and efficiency.

4.3.3 Fluctuating prices of raw materials affecting profitability.

5 India Stones Mining & Quarrying Market Trends

6 India Stones Mining & Quarrying Market, By Types

6.1 India Stones Mining & Quarrying Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Stones Mining & Quarrying Market Revenues & Volume, By Type, 2021-2031F

6.1.3 India Stones Mining & Quarrying Market Revenues & Volume, By Dimension Stone Mining (Dimension Stones), 2021-2031F

6.1.4 India Stones Mining & Quarrying Market Revenues & Volume, By Crushed Stone Mining (Crushed Stones), 2021-2031F

6.2 India Stones Mining & Quarrying Market, By Organization Size

6.2.1 Overview and Analysis

6.2.2 India Stones Mining & Quarrying Market Revenues & Volume, By Large Enterprises, 2021-2031F

6.2.3 India Stones Mining & Quarrying Market Revenues & Volume, By Small & Medium Enterprises, 2021-2031F

7 India Stones Mining & Quarrying Market Import-Export Trade Statistics

7.1 India Stones Mining & Quarrying Market Export to Major Countries

7.2 India Stones Mining & Quarrying Market Imports from Major Countries

8 India Stones Mining & Quarrying Market Key Performance Indicators

8.1 Percentage of mines adopting sustainable practices.

8.2 Average extraction and processing time per unit of stone.

8.3 Investment in research and development for new mining techniques.

8.4 Employee training hours dedicated to safety and productivity improvements.

8.5 Percentage of recycled materials used in stone production.

9 India Stones Mining & Quarrying Market - Opportunity Assessment

9.1 India Stones Mining & Quarrying Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 India Stones Mining & Quarrying Market Opportunity Assessment, By Organization Size, 2021 & 2031F

10 India Stones Mining & Quarrying Market - Competitive Landscape

10.1 India Stones Mining & Quarrying Market Revenue Share, By Companies, 2024

10.2 India Stones Mining & Quarrying Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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