The US marble quarry industry has been on a consistent decline from 2013 to 2023, culminating in a value of 13 units in 2023. Year-on-year, the industry saw a -7.14% change, with a 5-year CAGR of -6.3%. Forecasts until 2028 predict a further decline, with an expected 5-year CAGR of -7.79%, projecting a final value of 8 units by 2028. Over the aggregated forecasted period, the growth rate is anticipated to be -33.33%, indicating a significant contraction.
Future trends to watch for:
- Innovations in alternative construction materials which could further reduce demand for marble.
- Environmental regulations impacting quarry operations and influencing market dynamics.
- Potential shifts in global trade policies affecting the import of marble.
