In 2023, the total value of rough granite sold or used in the monumental rough stone segment in the US was approximately similar to that projected for 2024, suggesting a stable market entering the forecast period. The forecast data from 2024 to 2028 reveals a gradual decline in value, averaging a slight annual decrease, indicating a relatively stagnant demand or competitive pressures potentially affecting the market.
Year-on-year analysis shows incremental declines, with a Compound Annual Growth Rate (CAGR) suggesting minor negative impacts on the value over the specified forecast period.
Future trends to watch include technological advances in quarrying and processing, shifts in consumer preferences, and potential regulatory changes affecting the construction and monumental sectors that could drive innovation or introduce fresh demand in the market.
