The forecast for the merely cut granite market size value per capita in Canada shows a gradual decline from $0.66 in 2024 to $0.59 in 2028, representing a -1.52% year-on-year decrease from 2024 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 is approximately -1.92%, reflecting a consistent downward trend. In 2023, the market size per capita stood at a higher value than the forecasted figures, indicating a contracting market.
Future trends to watch for include technological advancements in granite cutting that could mitigate costs and potential shifts in consumer preferences towards alternative materials or sustainable options, possibly reversing the declining trend.
