In 2023, the turnover for ornamental, building stone, limestone, gypsum, chalk, and slate quarrying in Germany stood at approximately 4.50 billion Euros. Forecasted figures for 2024 to 2028 suggest a steady increase, with a significant rise from 4.75 billion Euros in 2024 to 5.78 billion Euros in 2028. The year-on-year growth indicates a consistent upward trend, with an average CAGR of around 5% per annum over the period.
Future trends to watch for:
- Advancements in quarrying technology may drive efficiency and reduce costs.
- Sustainability and environmental regulations could influence operations and demand.
- Potential fluctuations in construction industry demands could impact turnover.